Raymond James & Associates Sells 729 Shares of Burlington Stores, Inc. (NYSE:BURL)

Raymond James & Associates cut its stake in Burlington Stores, Inc. (NYSE:BURL) by 2.4% during the 2nd quarter, Holdings Channel.com reports. The firm owned 29,649 shares of the company’s stock after selling 729 shares during the period. Raymond James & Associates’ holdings in Burlington Stores were worth $7,116,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently modified their holdings of BURL. ORG Partners LLC bought a new position in Burlington Stores in the 2nd quarter valued at about $38,000. Rise Advisors LLC acquired a new position in shares of Burlington Stores in the first quarter valued at approximately $40,000. GAMMA Investing LLC bought a new position in shares of Burlington Stores during the fourth quarter worth approximately $41,000. Blue Trust Inc. lifted its holdings in Burlington Stores by 619.2% during the 2nd quarter. Blue Trust Inc. now owns 187 shares of the company’s stock worth $43,000 after purchasing an additional 161 shares during the last quarter. Finally, Mather Group LLC. acquired a new stake in Burlington Stores during the 1st quarter worth approximately $48,000.

Analysts Set New Price Targets

BURL has been the topic of a number of research reports. BMO Capital Markets upped their price objective on Burlington Stores from $227.00 to $240.00 and gave the company an “outperform” rating in a report on Friday, May 31st. Telsey Advisory Group upped their price target on shares of Burlington Stores from $270.00 to $300.00 and gave the company an “outperform” rating in a research note on Friday, August 23rd. Robert W. Baird lifted their price objective on shares of Burlington Stores from $260.00 to $275.00 and gave the stock an “outperform” rating in a research note on Friday, May 31st. Wells Fargo & Company increased their target price on shares of Burlington Stores from $300.00 to $325.00 and gave the stock an “overweight” rating in a research report on Friday, August 23rd. Finally, Bank of America lifted their price target on shares of Burlington Stores from $250.00 to $275.00 and gave the company a “buy” rating in a research report on Friday, May 31st. One research analyst has rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. According to MarketBeat.com, Burlington Stores currently has a consensus rating of “Moderate Buy” and an average target price of $273.43.

Insider Buying and Selling at Burlington Stores

In other news, CMO Jennifer Vecchio sold 494 shares of the company’s stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $255.37, for a total transaction of $126,152.78. Following the completion of the transaction, the chief marketing officer now directly owns 61,907 shares in the company, valued at $15,809,190.59. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.91% of the company’s stock.

Burlington Stores Trading Up 1.2 %

Shares of BURL opened at $278.99 on Wednesday. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.52 and a current ratio of 1.07. Burlington Stores, Inc. has a 52-week low of $115.66 and a 52-week high of $280.08. The firm has a market cap of $17.81 billion, a price-to-earnings ratio of 46.73, a PEG ratio of 1.36 and a beta of 1.61. The business’s fifty day moving average is $250.26 and its 200-day moving average is $221.28.

Burlington Stores (NYSE:BURL) last issued its earnings results on Thursday, May 30th. The company reported $1.42 EPS for the quarter, topping the consensus estimate of $1.04 by $0.38. Burlington Stores had a return on equity of 46.39% and a net margin of 3.87%. The firm had revenue of $2.36 billion during the quarter, compared to the consensus estimate of $2.34 billion. During the same quarter in the previous year, the firm earned $0.84 earnings per share. The business’s quarterly revenue was up 10.7% on a year-over-year basis. Equities analysts anticipate that Burlington Stores, Inc. will post 7.61 EPS for the current fiscal year.

Burlington Stores 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.