Huntington National Bank Buys 172 Shares of Burlington Stores, Inc. (NYSE:BURL)

Huntington National Bank increased its position in shares of Burlington Stores, Inc. (NYSE:BURL) by 184.9% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 265 shares of the company’s stock after acquiring an additional 172 shares during the quarter. Huntington National Bank’s holdings in Burlington Stores were worth $70,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Tributary Capital Management LLC grew its stake in shares of Burlington Stores by 1.0% during the third quarter. Tributary Capital Management LLC now owns 4,991 shares of the company’s stock worth $1,315,000 after purchasing an additional 50 shares during the period. GAMMA Investing LLC increased its position in shares of Burlington Stores by 20.4% in the 2nd quarter. GAMMA Investing LLC now owns 313 shares of the company’s stock valued at $75,000 after buying an additional 53 shares in the last quarter. Signaturefd LLC raised its position in shares of Burlington Stores by 9.1% during the second quarter. Signaturefd LLC now owns 648 shares of the company’s stock worth $156,000 after purchasing an additional 54 shares during the period. Cetera Investment Advisers grew its position in shares of Burlington Stores by 0.5% in the 2nd quarter. Cetera Investment Advisers now owns 12,340 shares of the company’s stock valued at $2,962,000 after purchasing an additional 61 shares during the period. Finally, Atomi Financial Group Inc. boosted its holdings in shares of Burlington Stores by 6.5% in the second quarter. Atomi Financial Group Inc. now owns 1,066 shares of the company’s stock valued at $256,000 after buying an additional 65 shares during the period.

Burlington Stores Trading Up 1.1 %

BURL stock opened at $271.80 on Tuesday. Burlington Stores, Inc. has a 52 week low of $133.09 and a 52 week high of $282.49. The company has a market capitalization of $17.30 billion, a PE ratio of 40.87, a price-to-earnings-growth ratio of 1.37 and a beta of 1.64. The company’s 50-day simple moving average is $260.98 and its 200 day simple moving average is $245.57. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.48 and a current ratio of 1.04.

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. As a group, sell-side analysts anticipate that Burlington Stores, Inc. will post 7.93 earnings per share for the current year.

Insider Buying and Selling

In other Burlington Stores news, Director Paul Sullivan sold 1,705 shares of the company’s stock in a transaction on Thursday, September 19th. The stock was sold at an average price of $277.05, for a total transaction of $472,370.25. Following the completion of the sale, the director now directly owns 7,393 shares in the company, valued at $2,048,230.65. This represents a 18.74 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.91% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on BURL. Barclays upped their target price on shares of Burlington Stores from $274.00 to $327.00 and gave the stock an “overweight” rating in a research note on Friday, August 30th. UBS Group boosted their price target on Burlington Stores from $270.00 to $280.00 and gave the stock a “neutral” rating in a research report on Thursday, November 14th. The Goldman Sachs Group upped their target price on shares of Burlington Stores from $278.00 to $310.00 and gave the company a “buy” rating in a report on Friday, August 30th. Loop Capital lifted their target price on Burlington Stores from $270.00 to $345.00 and gave the stock a “buy” rating in a research note on Friday, August 30th. Finally, Bank of America increased their price target on Burlington Stores from $275.00 to $315.00 and gave the company a “buy” rating in a research note on Friday, August 30th. Two equities research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $297.56.

About Burlington Stores

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.