Burlington Stores, Inc. (NYSE:BURL) Shares Acquired by MML Investors Services LLC

MML Investors Services LLC increased its position in shares of Burlington Stores, Inc. (NYSE:BURL) by 13.0% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,675 shares of the company’s stock after acquiring an additional 308 shares during the period. MML Investors Services LLC’s holdings in Burlington Stores were worth $705,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of BURL. National Bank of Canada FI lifted its position in shares of Burlington Stores by 38.9% during the third quarter. National Bank of Canada FI now owns 28,970 shares of the company’s stock worth $7,633,000 after purchasing an additional 8,113 shares in the last quarter. Wahed Invest LLC lifted its holdings in Burlington Stores by 11.4% during the 3rd quarter. Wahed Invest LLC now owns 1,538 shares of the company’s stock worth $405,000 after buying an additional 157 shares in the last quarter. Stifel Financial Corp boosted its position in Burlington Stores by 178.5% in the 3rd quarter. Stifel Financial Corp now owns 4,713 shares of the company’s stock valued at $1,242,000 after buying an additional 3,021 shares during the period. Quantinno Capital Management LP grew its stake in shares of Burlington Stores by 11.4% in the third quarter. Quantinno Capital Management LP now owns 7,972 shares of the company’s stock worth $2,100,000 after acquiring an additional 819 shares in the last quarter. Finally, Quarry LP increased its position in shares of Burlington Stores by 82,700.0% during the third quarter. Quarry LP now owns 828 shares of the company’s stock worth $218,000 after acquiring an additional 827 shares during the period.

Insider Buying and Selling at Burlington Stores

In other Burlington Stores news, CMO Jennifer Vecchio sold 494 shares of the company’s stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $293.89, for a total transaction of $145,181.66. Following the completion of the transaction, the chief marketing officer now owns 59,931 shares in the company, valued at approximately $17,613,121.59. This represents a 0.82 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.91% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on BURL shares. Bank of America lifted their target price on Burlington Stores from $275.00 to $315.00 and gave the company a “buy” rating in a report on Friday, August 30th. Citigroup boosted their price objective on Burlington Stores from $313.00 to $344.00 and gave the stock a “buy” rating in a research report on Wednesday, November 27th. The Goldman Sachs Group raised 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. Telsey Advisory Group reiterated an “outperform” rating and set a $310.00 price target on shares of Burlington Stores in a report on Tuesday, November 26th. Finally, StockNews.com lowered shares of Burlington Stores from a “buy” rating to a “hold” rating in a report on Wednesday, October 23rd. Two research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $308.00.

Burlington Stores Price Performance

Shares of NYSE BURL opened at $285.25 on Friday. The stock has a market cap of $18.11 billion, a P/E ratio of 39.08, a P/E/G ratio of 1.58 and a beta of 1.64. Burlington Stores, Inc. has a twelve month low of $174.64 and a twelve month high of $298.89. The stock has a 50 day moving average of $271.18 and a two-hundred day moving average of $259.57. The company has a current ratio of 1.17, a quick ratio of 0.54 and a debt-to-equity ratio of 1.35.

Burlington Stores (NYSE:BURL) last issued its quarterly earnings results on Tuesday, November 26th. The company reported $1.55 earnings per share for the quarter, topping analysts’ consensus estimates of $1.54 by $0.01. Burlington Stores had a net margin of 4.49% and a return on equity of 47.52%. The firm had revenue of $2.53 billion during the quarter, compared to analysts’ expectations of $2.55 billion. During the same quarter in the prior year, the business earned $0.98 EPS. Burlington Stores’s quarterly revenue was up 10.5% compared to the same quarter last year. On average, research analysts forecast 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.