Burlington Stores, Inc. (NYSE:BURL) Stock Position Lessened by Advisors Asset Management Inc.

Advisors Asset Management Inc. trimmed its holdings in shares of Burlington Stores, Inc. (NYSE:BURL) by 22.0% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,044 shares of the company’s stock after selling 295 shares during the period. Advisors Asset Management Inc.’s holdings in Burlington Stores were worth $275,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of BURL. Crewe Advisors LLC acquired a new position in Burlington Stores during the 2nd quarter valued at about $25,000. ORG Partners LLC acquired a new position in shares of Burlington Stores during the second quarter valued at approximately $38,000. Blue Trust Inc. increased its stake in shares of Burlington Stores by 619.2% during 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 period. American National Bank bought a new stake in Burlington Stores during the second quarter worth approximately $47,000. Finally, UMB Bank n.a. lifted its position in Burlington Stores by 391.7% in the third quarter. UMB Bank n.a. now owns 177 shares of the company’s stock worth $47,000 after purchasing an additional 141 shares during the period.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the company. Robert W. Baird boosted their price objective on Burlington Stores from $315.00 to $330.00 and gave the stock an “outperform” rating in a research note on Wednesday. Barclays cut their price target on shares of Burlington Stores from $327.00 to $317.00 and set an “overweight” rating for the company in a report on Wednesday. Wells Fargo & Company boosted their target price on shares of Burlington Stores from $300.00 to $325.00 and gave the stock an “overweight” rating in a report on Friday, August 23rd. The Goldman Sachs Group raised their target price on shares of Burlington Stores from $278.00 to $310.00 and gave the stock a “buy” rating in a report on Friday, August 30th. Finally, UBS Group lifted their price target on shares of Burlington Stores from $270.00 to $280.00 and gave the stock a “neutral” rating in a research 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 stock. According to data from MarketBeat, Burlington Stores currently has a consensus rating of “Moderate Buy” and an average target price of $307.69.

Burlington Stores Trading Up 0.5 %

Shares of NYSE BURL opened at $288.36 on Friday. The firm has a market capitalization of $18.36 billion, a PE ratio of 43.36, a PEG ratio of 1.48 and a beta of 1.64. Burlington Stores, Inc. has a one year low of $168.49 and a one year high of $298.89. 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 business has a 50-day moving average price of $262.41 and a two-hundred day moving average price of $249.71.

Burlington Stores (NYSE:BURL) last posted its quarterly earnings results on Tuesday, November 26th. The company reported $1.55 EPS for the quarter, topping the consensus estimate of $1.53 by $0.02. The business had revenue of $2.53 billion during the quarter, compared to analysts’ expectations of $2.55 billion. Burlington Stores had a net margin of 4.18% and a return on equity of 47.43%. The firm’s quarterly revenue was up 10.5% compared to the same quarter last year. During the same period last year, the company posted $0.98 earnings per share. As a group, analysts predict that Burlington Stores, Inc. will post 7.94 earnings per share for the current fiscal year.

Insider Transactions at Burlington Stores

In other Burlington Stores news, Director Paul Sullivan sold 1,705 shares of the business’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 owns 7,393 shares in the company, valued at $2,048,230.65. The trade was a 18.74 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 0.91% of the stock is currently owned by company insiders.

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.