Envestnet Asset Management Inc. Purchases 10,889 Shares of Burlington Stores, Inc. (NYSE:BURL)

Envestnet Asset Management Inc. grew its position in Burlington Stores, Inc. (NYSE:BURL) by 10.7% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 112,995 shares of the company’s stock after purchasing an additional 10,889 shares during the period. Envestnet Asset Management Inc. owned approximately 0.18% of Burlington Stores worth $27,119,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the company. Crewe Advisors LLC acquired a new stake in shares of Burlington Stores in the second quarter valued at about $25,000. ORG Partners LLC acquired a new stake in shares of Burlington Stores in the second quarter valued at about $38,000. Rise Advisors LLC acquired a new stake in shares of Burlington Stores in the first quarter valued at about $40,000. Blue Trust Inc. increased its position in shares of Burlington Stores by 619.2% in the second quarter. Blue Trust Inc. now owns 187 shares of the company’s stock valued at $43,000 after acquiring an additional 161 shares during the last quarter. Finally, American National Bank acquired a new stake in shares of Burlington Stores in the second quarter valued at about $47,000.

Burlington Stores Trading Down 1.3 %

Shares of BURL stock opened at $271.39 on Friday. The company has a current ratio of 1.04, a quick ratio of 0.48 and a debt-to-equity ratio of 1.15. The stock has a market cap of $17.32 billion, a P/E ratio of 45.46, a price-to-earnings-growth ratio of 1.37 and a beta of 1.64. The stock has a 50 day simple moving average of $260.88 and a 200 day simple moving average of $229.72. Burlington Stores, Inc. has a 1 year low of $115.66 and a 1 year high of $282.49.

Burlington Stores (NYSE:BURL) last issued its quarterly earnings results on Thursday, August 29th. The company reported $1.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.95 by $0.25. The business had revenue of $2.47 billion during the quarter, compared to analysts’ expectations of $2.42 billion. Burlington Stores had a return on equity of 47.43% and a net margin of 4.18%. The firm’s revenue for the quarter was up 13.4% compared to the same quarter last year. During the same period in the previous year, the company posted $0.60 earnings per share. On average, research analysts predict that Burlington Stores, Inc. will post 7.86 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Burlington Stores news, CMO Jennifer Vecchio sold 494 shares of the company’s stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $255.37, for a total transaction of $126,152.78. Following the completion of the sale, the chief marketing officer now directly owns 61,907 shares in the company, valued at $15,809,190.59. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.91% of the company’s stock.

Wall Street Analysts Forecast Growth

BURL has been the topic of a number of recent research reports. Loop Capital lifted their target price on Burlington Stores from $270.00 to $345.00 and gave the company a “buy” rating in a research report on Friday, August 30th. UBS Group boosted their price target on Burlington Stores from $212.00 to $238.00 and gave the stock a “neutral” rating in a research report on Monday, June 3rd. Barclays boosted their price target on Burlington Stores from $274.00 to $327.00 and gave the stock an “overweight” rating in a research report on Friday, August 30th. TD Cowen boosted their price target on Burlington Stores from $279.00 to $288.00 and gave the stock a “buy” rating in a research report on Friday, August 30th. Finally, Wells Fargo & Company boosted their price target on Burlington Stores from $300.00 to $325.00 and gave the stock an “overweight” rating in a research report on Friday, August 23rd. One research analyst has rated the stock with a hold rating and sixteen have given a buy rating to the stock. According to data from MarketBeat.com, Burlington Stores currently has a consensus rating of “Moderate Buy” and a consensus target price of $294.94.

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.