Mercer Global Advisors Inc. ADV Purchases 535 Shares of Burlington Stores, Inc. (NYSE:BURL)

Mercer Global Advisors Inc. ADV raised its holdings in shares of Burlington Stores, Inc. (NYSE:BURL) by 30.3% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,301 shares of the company’s stock after acquiring an additional 535 shares during the period. Mercer Global Advisors Inc. ADV’s holdings in Burlington Stores were worth $552,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in BURL. Alberta Investment Management Corp lifted its stake in Burlington Stores by 100.0% in the fourth quarter. Alberta Investment Management Corp now owns 3,200 shares of the company’s stock worth $622,000 after purchasing an additional 1,600 shares during the last quarter. Stephens Investment Management Group LLC increased its stake in shares of Burlington Stores by 3.7% during the fourth quarter. Stephens Investment Management Group LLC now owns 421,087 shares of the company’s stock valued at $81,893,000 after buying an additional 15,062 shares during the period. Capital International Investors raised its holdings in shares of Burlington Stores by 1.1% during the fourth quarter. Capital International Investors now owns 7,283,220 shares of the company’s stock valued at $1,416,479,000 after acquiring an additional 78,958 shares in the last quarter. Crossmark Global Holdings Inc. bought a new position in shares of Burlington Stores during the fourth quarter valued at approximately $862,000. Finally, 1832 Asset Management L.P. lifted its stake in Burlington Stores by 300.5% in the fourth quarter. 1832 Asset Management L.P. now owns 1,034,218 shares of the company’s stock worth $201,135,000 after acquiring an additional 775,961 shares during the period.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the stock. Gordon Haskett upgraded shares of Burlington Stores from a “hold” rating to a “buy” rating and set a $300.00 price objective for the company in a report on Monday, August 19th. Evercore ISI lifted their price objective on Burlington Stores from $300.00 to $315.00 and gave the company an “outperform” rating in a research report on Friday, August 30th. Morgan Stanley increased their target price on Burlington Stores from $284.00 to $300.00 and gave the stock an “overweight” rating in a research report on Friday, August 30th. The Goldman Sachs Group lifted their price target on Burlington Stores from $278.00 to $310.00 and gave the company a “buy” rating in a research report on Friday, August 30th. Finally, Robert W. Baird increased their price objective on Burlington Stores from $260.00 to $275.00 and gave the stock an “outperform” rating in a report on Friday, May 31st. One equities research analyst has rated the stock with a hold rating and sixteen have given a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $294.94.

Insider Activity

In other news, Director Paul Sullivan sold 1,705 shares of the company’s stock in a transaction on Thursday, September 19th. The stock was sold at an average price of $277.05, for a total value of $472,370.25. Following the completion of the sale, the director now directly owns 7,393 shares in the company, valued at approximately $2,048,230.65. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other news, CMO Jennifer Vecchio sold 494 shares of Burlington Stores stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of $255.37, for a total transaction of $126,152.78. Following the transaction, the chief marketing officer now directly owns 61,907 shares of the company’s stock, valued at approximately $15,809,190.59. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Paul Sullivan sold 1,705 shares of the business’s stock in a transaction that occurred on Thursday, September 19th. The shares were 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 of the company’s stock, valued at $2,048,230.65. The disclosure for this sale can be found here. Insiders own 0.91% of the company’s stock.

Burlington Stores Trading Down 3.5 %

NYSE:BURL opened at $265.10 on Friday. The company’s 50 day moving average price is $263.36 and its 200-day moving average price is $231.61. The company has a quick ratio of 0.48, a current ratio of 1.04 and a debt-to-equity ratio of 1.15. Burlington Stores, Inc. has a 52 week low of $115.66 and a 52 week high of $282.49. The stock has a market cap of $16.92 billion, a price-to-earnings ratio of 44.41, a PEG ratio of 1.39 and a beta of 1.64.

Burlington Stores (NYSE:BURL) last announced its earnings results on Thursday, August 29th. The company reported $1.20 earnings per share for the quarter, beating analysts’ consensus estimates of $0.95 by $0.25. The business had revenue of $2.47 billion during the quarter, compared to analyst estimates of $2.42 billion. Burlington Stores had a net margin of 4.18% and a return on equity of 47.43%. The company’s quarterly revenue was up 13.4% compared to the same quarter last year. During the same period in the previous year, the business earned $0.60 EPS. On average, equities research analysts forecast that Burlington Stores, Inc. will post 7.91 earnings per share for the current fiscal year.

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.