Wedmont Private Capital Purchases Shares of 1,238 Burlington Stores, Inc. (NYSE:BURL)

Wedmont Private Capital purchased a new stake in shares of Burlington Stores, Inc. (NYSE:BURL) in the first quarter, HoldingsChannel reports. The institutional investor purchased 1,238 shares of the company’s stock, valued at approximately $287,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. First Horizon Advisors Inc. boosted its stake in Burlington Stores by 12.9% during the 4th quarter. First Horizon Advisors Inc. now owns 509 shares of the company’s stock valued at $99,000 after purchasing an additional 58 shares in the last quarter. Wahed Invest LLC boosted its stake in Burlington Stores by 7.1% during the 4th quarter. Wahed Invest LLC now owns 1,099 shares of the company’s stock valued at $214,000 after purchasing an additional 73 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. boosted its stake in Burlington Stores by 0.3% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 25,947 shares of the company’s stock valued at $4,874,000 after purchasing an additional 74 shares in the last quarter. Lindbrook Capital LLC boosted its stake in shares of Burlington Stores by 114.6% during the 4th quarter. Lindbrook Capital LLC now owns 176 shares of the company’s stock worth $34,000 after acquiring an additional 94 shares in the last quarter. Finally, Daiwa Securities Group Inc. boosted its stake in shares of Burlington Stores by 2.0% during the 4th quarter. Daiwa Securities Group Inc. now owns 5,728 shares of the company’s stock worth $1,114,000 after acquiring an additional 114 shares in the last quarter.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on BURL shares. Wells Fargo & Company raised their price objective on Burlington Stores from $240.00 to $275.00 and gave the stock an “overweight” rating in a research note on Friday, May 31st. BMO Capital Markets raised their price objective on Burlington Stores from $227.00 to $240.00 and gave the stock an “outperform” rating in a research note on Friday, May 31st. JPMorgan Chase & Co. raised their price objective on Burlington Stores from $246.00 to $284.00 and gave the stock an “overweight” rating in a research note on Friday, May 31st. Bank of America raised their price objective on Burlington Stores from $250.00 to $275.00 and gave the stock a “buy” rating in a research note on Friday, May 31st. Finally, Morgan Stanley reduced their price objective on Burlington Stores from $233.00 to $218.00 and set an “overweight” rating for the company in a research note on Monday, May 6th. Three analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat, Burlington Stores has a consensus rating of “Moderate Buy” and a consensus price target of $246.87.

Burlington Stores Stock Up 1.0 %

NYSE BURL opened at $239.98 on Friday. The company has a current ratio of 1.07, a quick ratio of 0.52 and a debt-to-equity ratio of 1.20. The stock’s 50 day moving average is $203.03 and its two-hundred day moving average is $201.50. The company has a market capitalization of $15.32 billion, a price-to-earnings ratio of 40.20, a PEG ratio of 1.27 and a beta of 1.61. Burlington Stores, Inc. has a 1-year low of $115.66 and a 1-year high of $243.64.

Burlington Stores (NYSE:BURL) last released its quarterly earnings data on Thursday, May 30th. The company reported $1.42 earnings per share for the quarter, beating analysts’ consensus estimates of $1.04 by $0.38. The company had revenue of $2.36 billion for the quarter, compared to the consensus estimate of $2.34 billion. Burlington Stores had a return on equity of 46.39% and a net margin of 3.87%. The company’s quarterly revenue was up 10.7% on a year-over-year basis. During the same period in the previous year, the business earned $0.84 earnings per share. Equities analysts forecast that Burlington Stores, Inc. will post 7.6 earnings per share for the current fiscal year.

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.