Stifel Financial Corp Grows Stake in Burlington Stores, Inc. (NYSE:BURL)

Stifel Financial Corp boosted its position in shares of Burlington Stores, Inc. (NYSE:BURL) by 178.5% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 4,713 shares of the company’s stock after acquiring an additional 3,021 shares during the quarter. Stifel Financial Corp’s holdings in Burlington Stores were worth $1,242,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of BURL. Crewe Advisors LLC purchased a new position in Burlington Stores during the second quarter valued at $25,000. RPg Family Wealth Advisory LLC bought a new position in shares of Burlington Stores in the third quarter worth about $26,000. Brooklyn Investment Group purchased a new position in shares of Burlington Stores during the 3rd quarter valued at about $33,000. UMB Bank n.a. grew its stake in shares of Burlington Stores by 391.7% during the 3rd quarter. UMB Bank n.a. now owns 177 shares of the company’s stock valued at $47,000 after acquiring an additional 141 shares during the period. Finally, Hantz Financial Services Inc. purchased a new stake in Burlington Stores in the 2nd quarter worth approximately $49,000.

Insider Transactions at Burlington Stores

In other Burlington Stores news, CMO Jennifer Vecchio sold 494 shares of the company’s stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $293.89, for a total value of $145,181.66. Following the completion of the sale, the chief marketing officer now directly owns 59,931 shares in the company, valued at approximately $17,613,121.59. This represents a 0.82 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.91% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on BURL shares. TD Cowen lifted their price target on shares of Burlington Stores from $334.00 to $339.00 and gave the company a “buy” rating in a report on Thursday, December 12th. UBS Group raised their target price on shares of Burlington Stores from $270.00 to $280.00 and gave the company a “neutral” rating in a research note on Thursday, November 14th. Robert W. Baird lifted their price objective on Burlington Stores from $315.00 to $330.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 27th. Barclays decreased their price objective on Burlington Stores from $327.00 to $317.00 and set an “overweight” rating on the stock in a report on Wednesday, November 27th. Finally, The Goldman Sachs Group boosted their price target on shares of Burlington Stores from $278.00 to $310.00 and gave the stock a “buy” rating in a research report on Friday, August 30th. Two equities research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $308.00.

Burlington Stores Price Performance

Shares of BURL stock opened at $285.25 on Monday. The stock has a 50 day moving average price of $271.18 and a 200 day moving average price of $259.78. Burlington Stores, Inc. has a 52-week low of $174.64 and a 52-week high of $298.89. The company has a debt-to-equity ratio of 1.35, a quick ratio of 0.54 and a current ratio of 1.17. The firm has a market capitalization of $18.11 billion, a P/E ratio of 39.08, a P/E/G ratio of 1.58 and a beta of 1.64.

Burlington Stores (NYSE:BURL) last posted its quarterly earnings results on Tuesday, November 26th. The company reported $1.55 EPS for the quarter, topping analysts’ consensus estimates of $1.54 by $0.01. Burlington Stores had a net margin of 4.49% and a return on equity of 47.52%. The firm had revenue of $2.53 billion for the quarter, compared to analysts’ expectations of $2.55 billion. During the same period in the prior year, the business posted $0.98 earnings per share. The business’s revenue for the quarter was up 10.5% on a year-over-year basis. As a group, sell-side analysts predict that Burlington Stores, Inc. will post 7.93 earnings per share for the current year.

Burlington Stores Company Profile

Burlington Stores, Inc operates as a retailer of branded merchandise in the United States. The company provides fashion-focused merchandise, including women's ready-to-wear apparel, menswear, youth apparel, footwear, accessories, toys, gifts, and coats, as well as baby, home, and beauty products.