Janney Montgomery Scott LLC Boosts Holdings in Burlington Stores, Inc. (NYSE:BURL)

Janney Montgomery Scott LLC boosted its holdings in shares of Burlington Stores, Inc. (NYSE:BURL) by 3.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 4,622 shares of the company’s stock after buying an additional 140 shares during the quarter. Janney Montgomery Scott LLC’s holdings in Burlington Stores were worth $1,318,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Geode Capital Management LLC boosted its stake in shares of Burlington Stores by 1.7% in the third quarter. Geode Capital Management LLC now owns 1,074,960 shares of the company’s stock worth $282,582,000 after acquiring an additional 18,160 shares during the period. Massachusetts Financial Services Co. MA boosted its stake in Burlington Stores by 1,048.8% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 730,524 shares of the company’s stock worth $192,478,000 after purchasing an additional 666,934 shares during the period. Jennison Associates LLC grew its holdings in Burlington Stores by 2.4% during the 3rd quarter. Jennison Associates LLC now owns 510,074 shares of the company’s stock valued at $134,394,000 after buying an additional 12,143 shares in the last quarter. Stephens Investment Management Group LLC raised its position in shares of Burlington Stores by 2.0% during the third quarter. Stephens Investment Management Group LLC now owns 403,981 shares of the company’s stock valued at $106,441,000 after buying an additional 7,859 shares during the last quarter. Finally, Artemis Investment Management LLP lifted its holdings in shares of Burlington Stores by 6.6% in the fourth quarter. Artemis Investment Management LLP now owns 396,938 shares of the company’s stock worth $113,151,000 after buying an additional 24,576 shares in the last quarter.

Insider Buying and Selling

In other Burlington Stores news, CMO Jennifer Vecchio sold 494 shares of the company’s stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $293.89, for a total transaction 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 $17,613,121.59. This represents a 0.82 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.91% of the stock is owned by company insiders.

Burlington Stores Trading Down 0.6 %

NYSE:BURL opened at $272.04 on Wednesday. The company has a market capitalization of $17.27 billion, a PE ratio of 37.27, a P/E/G ratio of 1.53 and a beta of 1.62. Burlington Stores, Inc. has a 52-week low of $174.64 and a 52-week high of $298.89. The stock’s 50 day moving average price is $287.56 and its 200 day moving average price is $270.92. The company has a quick ratio of 0.54, a current ratio of 1.17 and a debt-to-equity ratio of 1.35.

Burlington Stores (NYSE:BURL) last announced its earnings results on Tuesday, November 26th. The company reported $1.55 earnings per share for the quarter, beating the consensus estimate of $1.54 by $0.01. The company had revenue of $2.53 billion for the quarter, compared to the consensus estimate of $2.55 billion. Burlington Stores had a return on equity of 47.52% and a net margin of 4.49%. The company’s revenue was up 10.5% on a year-over-year basis. During the same period last year, the business posted $0.98 EPS. On average, research analysts anticipate that Burlington Stores, Inc. will post 7.93 EPS for the current year.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on BURL. Barclays decreased their target price on shares of Burlington Stores from $327.00 to $317.00 and set an “overweight” rating on the stock in a research report on Wednesday, November 27th. TD Cowen raised their price objective on Burlington Stores from $334.00 to $339.00 and gave the company a “buy” rating in a research note on Thursday, December 12th. Telsey Advisory Group reiterated an “outperform” rating and issued a $310.00 target price on shares of Burlington Stores in a report on Tuesday, November 26th. Robert W. Baird increased their price target on Burlington Stores from $315.00 to $330.00 and gave the company an “outperform” rating in a report on Wednesday, November 27th. Finally, Morgan Stanley lifted their price objective on shares of Burlington Stores from $285.00 to $305.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 27th. One research analyst has rated the stock with a hold rating and fifteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $317.87.

Burlington Stores 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.