Benjamin Edwards Inc. Purchases 1,423 Shares of Burlington Stores, Inc. (NYSE:BURL)

Benjamin Edwards Inc. raised its position in Burlington Stores, Inc. (NYSE:BURL) by 35,575.0% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,427 shares of the company’s stock after buying an additional 1,423 shares during the quarter. Benjamin Edwards Inc.’s holdings in Burlington Stores were worth $376,000 at the end of the most recent reporting period.

Other large investors have 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% in the third quarter. Tributary Capital Management LLC now owns 4,991 shares of the company’s stock valued at $1,315,000 after acquiring an additional 50 shares in the last quarter. Signaturefd LLC grew its position in Burlington Stores by 9.1% during the second quarter. Signaturefd LLC now owns 648 shares of the company’s stock worth $156,000 after buying an additional 54 shares in the last quarter. Mount Lucas Management LP increased its stake in Burlington Stores by 2.4% during the 3rd quarter. Mount Lucas Management LP now owns 2,266 shares of the company’s stock worth $597,000 after acquiring an additional 54 shares during the period. OneDigital Investment Advisors LLC raised its holdings in Burlington Stores by 5.5% in the 3rd quarter. OneDigital Investment Advisors LLC now owns 1,027 shares of the company’s stock valued at $271,000 after acquiring an additional 54 shares in the last quarter. Finally, Cetera Investment Advisers lifted its position in shares of Burlington Stores by 0.5% during the 2nd quarter. Cetera Investment Advisers now owns 12,340 shares of the company’s stock valued at $2,962,000 after acquiring an additional 61 shares during the period.

Insider Buying and Selling

In other Burlington Stores news, Director Paul Sullivan sold 1,705 shares of the firm’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 transaction, the director now directly owns 7,393 shares in the company, valued at approximately $2,048,230.65. This trade represents a 18.74 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CMO Jennifer Vecchio sold 494 shares of the business’s stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $293.89, for a total transaction of $145,181.66. Following the transaction, the chief marketing officer now owns 59,931 shares in the company, valued at approximately $17,613,121.59. This trade represents a 0.82 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 2,283 shares of company stock valued at $638,628. 0.91% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of brokerages recently commented on BURL. Telsey Advisory Group restated an “outperform” rating and issued a $310.00 price target on shares of Burlington Stores in a research report on Tuesday, November 26th. Citigroup raised their target price on shares of Burlington Stores from $313.00 to $344.00 and gave the company a “buy” rating in a report on Wednesday, November 27th. Morgan Stanley upped their price target on shares of Burlington Stores from $285.00 to $305.00 and gave the stock an “overweight” rating in a report on Wednesday, November 27th. UBS Group raised their price objective on Burlington Stores from $270.00 to $280.00 and gave the company a “neutral” rating in a research note on Thursday, November 14th. Finally, Loop Capital raised their target price on shares of Burlington Stores from $270.00 to $345.00 and gave the company a “buy” rating in a research report 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 stock. Based on data from MarketBeat, Burlington Stores has a consensus rating of “Moderate Buy” and a consensus target price of $307.69.

Burlington Stores Price Performance

BURL stock opened at $291.34 on Tuesday. The company has a quick ratio of 0.54, a current ratio of 1.17 and a debt-to-equity ratio of 1.35. The company’s fifty day simple moving average is $265.22 and its 200 day simple moving average is $255.60. Burlington Stores, Inc. has a 12-month low of $174.64 and a 12-month high of $298.89. The firm has a market cap of $18.49 billion, a price-to-earnings ratio of 39.91, a PEG ratio of 1.54 and a beta of 1.64.

Burlington Stores (NYSE:BURL) last announced its quarterly earnings data on Tuesday, November 26th. The company reported $1.55 EPS for the quarter, topping the consensus estimate of $1.54 by $0.01. Burlington Stores had a net margin of 4.49% and a return on equity of 47.52%. The company had revenue of $2.53 billion during the quarter, compared to the consensus estimate of $2.55 billion. During the same quarter last year, the firm posted $0.98 EPS. The company’s quarterly revenue was up 10.5% on a year-over-year basis. On average, analysts expect that Burlington Stores, Inc. will post 7.93 earnings per share for the current year.

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.