Raymond James & Associates Raises Stock Position in Burlington Stores, Inc. (NYSE:BURL)

Raymond James & Associates grew its holdings in Burlington Stores, Inc. (NYSE:BURL) by 3.6% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 30,705 shares of the company’s stock after acquiring an additional 1,056 shares during the period. Raymond James & Associates’ holdings in Burlington Stores were worth $8,090,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in BURL. CANADA LIFE ASSURANCE Co lifted its holdings in shares of Burlington Stores by 7.4% in the 1st quarter. CANADA LIFE ASSURANCE Co now owns 56,326 shares of the company’s stock worth $13,073,000 after acquiring an additional 3,867 shares during the last quarter. Meeder Asset Management Inc. bought a new stake in shares of Burlington Stores in the 1st quarter worth about $1,819,000. Tidal Investments LLC lifted its holdings in shares of Burlington Stores by 178.4% in the 1st quarter. Tidal Investments LLC now owns 6,163 shares of the company’s stock worth $1,431,000 after acquiring an additional 3,949 shares during the last quarter. Cetera Investment Advisers bought a new stake in shares of Burlington Stores in the 1st quarter worth about $2,851,000. Finally, Mitsubishi UFJ Trust & Banking Corp lifted its holdings in shares of Burlington Stores by 14.6% in the 1st quarter. Mitsubishi UFJ Trust & Banking Corp now owns 39,584 shares of the company’s stock worth $9,166,000 after acquiring an additional 5,032 shares during the last quarter.

Burlington Stores Trading Up 1.1 %

NYSE BURL opened at $257.38 on Thursday. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.48 and a current ratio of 1.04. The company has a market capitalization of $16.43 billion, a price-to-earnings ratio of 43.11, a price-to-earnings-growth ratio of 1.28 and a beta of 1.64. The company’s 50-day simple moving average is $263.54 and its two-hundred day simple moving average is $237.98. Burlington Stores, Inc. has a one year low of $117.09 and a one year high of $282.49.

Burlington Stores (NYSE:BURL) last issued its quarterly earnings data 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 net margin of 4.18% and a return on equity of 47.43%. The firm had revenue of $2.47 billion for the quarter, compared to the consensus estimate of $2.42 billion. During the same quarter in the previous year, the firm earned $0.60 EPS. The company’s quarterly revenue was up 13.4% compared to the same quarter last year. Equities analysts forecast that Burlington Stores, Inc. will post 7.91 EPS for the current fiscal year.

Insider Transactions at Burlington Stores

In other news, Director Paul Sullivan sold 1,705 shares of Burlington Stores 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 trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.91% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on BURL shares. Wells Fargo & Company raised their target price on shares of Burlington Stores from $300.00 to $325.00 and gave the stock an “overweight” rating in a report on Friday, August 23rd. Citigroup lifted their price objective on shares of Burlington Stores from $276.00 to $313.00 and gave the company a “buy” rating in a report on Friday, August 30th. Loop Capital lifted their price objective on shares of Burlington Stores from $270.00 to $345.00 and gave the company a “buy” rating in a report on Friday, August 30th. 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. Finally, The Goldman Sachs Group lifted their price objective 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. Two analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $294.94.

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.