Burlington Stores, Inc. (NYSE:BURL) Shares Sold by Mount Yale Investment Advisors LLC

Mount Yale Investment Advisors LLC trimmed its position in shares of Burlington Stores, Inc. (NYSE:BURL) by 3.5% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,869 shares of the company’s stock after selling 104 shares during the period. Mount Yale Investment Advisors LLC’s holdings in Burlington Stores were worth $756,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in BURL. GAMMA Investing LLC raised its position in shares of Burlington Stores by 20.4% in the 2nd quarter. GAMMA Investing LLC now owns 313 shares of the company’s stock valued at $75,000 after purchasing an additional 53 shares in the last quarter. Park Avenue Securities LLC raised its holdings in Burlington Stores by 3.4% in the first quarter. Park Avenue Securities LLC now owns 1,661 shares of the company’s stock valued at $386,000 after acquiring an additional 54 shares in the last quarter. Signaturefd LLC boosted its stake in Burlington Stores by 9.1% during the 2nd quarter. Signaturefd LLC now owns 648 shares of the company’s stock valued at $156,000 after acquiring an additional 54 shares during the last quarter. Cetera Investment Advisers grew its holdings in Burlington Stores by 0.5% during the 2nd quarter. Cetera Investment Advisers now owns 12,340 shares of the company’s stock worth $2,962,000 after acquiring an additional 61 shares in the last quarter. Finally, Atomi Financial Group Inc. increased its position in shares of Burlington Stores by 6.5% in the 2nd quarter. Atomi Financial Group Inc. now owns 1,066 shares of the company’s stock worth $256,000 after purchasing an additional 65 shares during the last quarter.

Analysts Set New Price Targets

BURL has been the subject of a number of research reports. JPMorgan Chase & Co. lifted their price target on Burlington Stores from $284.00 to $288.00 and gave the stock an “overweight” rating in a research note on Monday, July 22nd. StockNews.com downgraded Burlington Stores from a “buy” rating to a “hold” rating in a report on Wednesday. The Goldman Sachs Group raised their price objective on Burlington Stores from $278.00 to $310.00 and gave the stock a “buy” rating in a research note on Friday, August 30th. Telsey Advisory Group reiterated an “outperform” rating and set a $300.00 target price on shares of Burlington Stores in a research note on Thursday, August 29th. Finally, Morgan Stanley increased their target price on shares of Burlington Stores from $284.00 to $300.00 and gave the stock an “overweight” rating in a report on Friday, August 30th. Two analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $294.94.

Burlington Stores Stock Performance

Shares of BURL stock opened at $251.65 on Friday. Burlington Stores, Inc. has a 12-month low of $116.33 and a 12-month high of $282.49. The company has a debt-to-equity ratio of 1.15, a current ratio of 1.04 and a quick ratio of 0.48. The firm has a market capitalization of $16.06 billion, a price-to-earnings ratio of 42.15, a price-to-earnings-growth ratio of 1.28 and a beta of 1.64. The business has a 50 day simple moving average of $264.23 and a 200 day simple moving average of $236.70.

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

Insider Buying and Selling at Burlington Stores

In other news, Director Paul Sullivan sold 1,705 shares of the company’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 completion of the sale, the director now directly owns 7,393 shares of the company’s stock, valued at approximately $2,048,230.65. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, Director Paul Sullivan sold 1,705 shares of Burlington Stores 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 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CMO Jennifer Vecchio sold 494 shares of the business’s stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $255.37, for a total value of $126,152.78. Following the completion of the sale, the chief marketing officer now directly owns 61,907 shares in the company, valued at $15,809,190.59. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 2,283 shares of company stock valued at $619,599. Company insiders own 0.91% of the company’s stock.

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.