Farther Finance Advisors LLC Boosts Stake in Burlington Stores, Inc. (NYSE:BURL)

Farther Finance Advisors LLC grew its stake in Burlington Stores, Inc. (NYSE:BURL) by 104.5% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 135 shares of the company’s stock after purchasing an additional 69 shares during the period. Farther Finance Advisors LLC’s holdings in Burlington Stores were worth $38,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of BURL. IFP Advisors Inc lifted its stake 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 purchasing an additional 40 shares during the last quarter. RPg Family Wealth Advisory LLC bought a new stake in shares of Burlington Stores in the 3rd quarter valued at approximately $26,000. Fortitude Family Office LLC lifted its stake 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 purchasing an additional 55 shares during the last quarter. Stonebridge Financial Group LLC bought a new stake in shares of Burlington Stores in the 4th quarter valued at approximately $31,000. Finally, Brooklyn Investment Group purchased a new stake in shares of Burlington Stores in the third quarter worth approximately $33,000.

Burlington Stores Stock Performance

Shares of BURL opened at $234.16 on Monday. The stock has a 50-day moving average of $258.08 and a two-hundred day moving average of $267.08. Burlington Stores, Inc. has a one year low of $174.64 and a one year 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 stock has a market cap of $14.80 billion, a P/E ratio of 32.08, a P/E/G ratio of 1.11 and a beta of 1.73.

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. Burlington Stores had a return on equity of 47.52% and a net margin of 4.49%. The company had revenue of $3.28 billion during the quarter, compared to analysts’ expectations of $3.25 billion. As a group, research analysts predict that Burlington Stores, Inc. will post 7.93 EPS for the current year.

Insider Buying and Selling at Burlington Stores

In related news, CMO Jennifer Vecchio sold 493 shares of Burlington Stores stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $275.75, for a total value of $135,944.75. Following the completion of the transaction, the chief marketing officer now owns 58,944 shares in the company, valued at $16,253,808. The trade was a 0.83 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.91% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have commented on the company. Robert W. Baird raised their price objective on Burlington Stores from $330.00 to $335.00 and gave the stock an “outperform” rating in a report on Friday, March 7th. Evercore ISI raised their price objective on Burlington Stores from $315.00 to $340.00 and gave the stock an “outperform” rating in a report on Wednesday, November 27th. TD Cowen raised their price objective on Burlington Stores from $334.00 to $339.00 and gave the stock a “buy” rating in a report on Thursday, December 12th. Morgan Stanley increased their target price on Burlington Stores from $296.00 to $297.00 and gave the company an “overweight” rating in a research report on Friday, March 7th. Finally, Telsey Advisory Group reaffirmed an “outperform” rating and set a $340.00 target price on shares of Burlington Stores in a research report on Thursday, March 6th. One investment 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 stock currently has an average rating of “Moderate Buy” and a consensus price target of $323.20.

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.