Raymond James Financial Inc. Takes $17.33 Million Position in Burlington Stores, Inc. (NYSE:BURL)

Raymond James Financial Inc. acquired a new stake in Burlington Stores, Inc. (NYSE:BURL) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 60,794 shares of the company’s stock, valued at approximately $17,330,000. Raymond James Financial Inc. owned approximately 0.10% of Burlington Stores at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. IFP Advisors Inc grew its holdings in shares of Burlington Stores by 81.6% in the 4th quarter. IFP Advisors Inc now owns 89 shares of the company’s stock valued at $25,000 after acquiring an additional 40 shares in the last quarter. RPg Family Wealth Advisory LLC bought a new position in shares of Burlington Stores in the 3rd quarter valued at about $26,000. Fortitude Family Office LLC grew its holdings in shares of Burlington Stores by 148.6% in the 4th quarter. Fortitude Family Office LLC now owns 92 shares of the company’s stock valued at $26,000 after acquiring an additional 55 shares in the last quarter. Stonebridge Financial Group LLC bought a new position in shares of Burlington Stores in the 4th quarter valued at about $31,000. Finally, Brooklyn Investment Group bought a new position in shares of Burlington Stores in the 3rd quarter valued at about $33,000.

Insider Activity at Burlington Stores

In related news, CMO Jennifer Vecchio sold 494 shares of the business’s stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $284.95, for a total value of $140,765.30. Following the transaction, the chief marketing officer now owns 59,437 shares in the company, valued at $16,936,573.15. The trade was a 0.82 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.91% of the stock is owned by company insiders.

Analyst Ratings Changes

BURL has been the topic of a number of recent analyst reports. Citigroup decreased their price objective on shares of Burlington Stores from $344.00 to $340.00 and set a “buy” rating on the stock in a research note on Friday, March 7th. Barclays lifted their price objective on shares of Burlington Stores from $317.00 to $329.00 and gave the company an “overweight” rating in a research note on Friday, March 7th. TD Cowen boosted their target price on shares of Burlington Stores from $334.00 to $339.00 and gave the stock a “buy” rating in a research note on Thursday, December 12th. Robert W. Baird boosted their target price on shares of Burlington Stores from $330.00 to $335.00 and gave the stock an “outperform” rating in a research note on Friday, March 7th. Finally, UBS Group boosted their target price on shares of Burlington Stores from $360.00 to $405.00 and gave the stock a “buy” rating in a research note on Friday, March 7th. One analyst has rated the stock with a hold rating and fifteen have given a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $323.20.

Burlington Stores Price Performance

Shares of NYSE:BURL opened at $234.75 on Tuesday. The firm has a market cap of $14.90 billion, a PE ratio of 32.16, a price-to-earnings-growth ratio of 1.11 and a beta of 1.73. The firm’s fifty day moving average is $261.89 and its 200-day moving average is $267.91. The company has a debt-to-equity ratio of 1.35, a quick ratio of 0.54 and a current ratio of 1.17. Burlington Stores, Inc. has a 52 week low of $174.64 and a 52 week high of $298.89.

Burlington Stores (NYSE:BURL) last issued its quarterly earnings results on Thursday, March 6th. The company reported $4.07 EPS for the quarter, topping analysts’ consensus estimates of $3.75 by $0.32. The company had revenue of $3.28 billion for the quarter, compared to analyst estimates of $3.25 billion. Burlington Stores had a net margin of 4.49% and a return on equity of 47.52%. Sell-side analysts predict that Burlington Stores, Inc. will post 7.93 earnings per share for the current year.

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.