Burlington Stores, Inc. (NYSE:BURL) Shares Sold by Raymond James Trust N.A.

Raymond James Trust N.A. decreased its stake in Burlington Stores, Inc. (NYSE:BURL) by 2.5% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,612 shares of the company’s stock after selling 41 shares during the period. Raymond James Trust N.A.’s holdings in Burlington Stores were worth $425,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Crewe Advisors LLC purchased a new position in Burlington Stores in the second quarter valued at about $25,000. ORG Partners LLC purchased a new position in Burlington Stores in the 2nd quarter valued at approximately $38,000. Blue Trust Inc. raised its holdings in Burlington Stores by 619.2% during the second quarter. Blue Trust Inc. now owns 187 shares of the company’s stock worth $43,000 after purchasing an additional 161 shares during the last quarter. American National Bank purchased a new stake in Burlington Stores during the second quarter worth $47,000. Finally, UMB Bank n.a. grew its holdings in Burlington Stores by 391.7% in the third quarter. UMB Bank n.a. now owns 177 shares of the company’s stock valued at $47,000 after purchasing an additional 141 shares during the last quarter.

Burlington Stores Price Performance

Burlington Stores stock opened at $286.94 on Wednesday. The company has a market cap of $18.27 billion, a price-to-earnings ratio of 43.15, a PEG ratio of 1.46 and a beta of 1.64. The firm has a 50 day moving average price of $261.73 and a 200 day moving average price of $248.76. Burlington Stores, Inc. has a 1 year low of $168.49 and a 1 year high of $298.89. 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 earnings results on Tuesday, November 26th. The company reported $1.55 earnings per share for the quarter, topping the consensus estimate of $1.53 by $0.02. Burlington Stores had a return on equity of 47.43% and a net margin of 4.18%. The business had revenue of $2.53 billion for the quarter, compared to analyst estimates of $2.55 billion. During the same period last year, the company posted $0.98 EPS. The business’s quarterly revenue was up 10.5% on a year-over-year basis. Sell-side analysts predict that Burlington Stores, Inc. will post 7.94 earnings per share for the current year.

Insider Activity

In other Burlington Stores news, Director Paul Sullivan sold 1,705 shares of the firm’s stock in a transaction dated Thursday, September 19th. The stock was sold at an average price of $277.05, for a total value of $472,370.25. Following the transaction, the director now directly owns 7,393 shares of the company’s stock, valued at $2,048,230.65. This trade represents a 18.74 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 0.91% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently issued reports on BURL shares. Gordon Haskett raised Burlington Stores from a “hold” rating to a “buy” rating and set a $300.00 price target for the company in a research note on Monday, August 19th. Telsey Advisory Group restated an “outperform” rating and set a $310.00 target price on shares of Burlington Stores in a research report on Tuesday. Barclays increased their price target on shares of Burlington Stores from $274.00 to $327.00 and gave the company an “overweight” rating in a research report on Friday, August 30th. StockNews.com downgraded Burlington Stores from a “buy” rating to a “hold” rating in a research report on Wednesday, October 23rd. Finally, UBS Group increased their target price on Burlington Stores from $270.00 to $280.00 and gave the company a “neutral” rating in a report on Thursday, November 14th. 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.com, Burlington Stores currently has a consensus rating of “Moderate Buy” and an average target price of $301.06.

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.