Janney Montgomery Scott LLC Grows Stock Holdings in Burlington Stores, Inc. (NYSE:BURL)

Janney Montgomery Scott LLC raised its position in shares of Burlington Stores, Inc. (NYSE:BURL) by 90.0% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 4,482 shares of the company’s stock after buying an additional 2,123 shares during the period. Janney Montgomery Scott LLC’s holdings in Burlington Stores were worth $1,181,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the company. Tributary Capital Management LLC raised its position in shares of Burlington Stores by 1.0% in the 3rd quarter. Tributary Capital Management LLC now owns 4,991 shares of the company’s stock valued at $1,315,000 after purchasing an additional 50 shares during the last quarter. GAMMA Investing LLC raised its position in Burlington Stores by 20.4% during the 2nd quarter. GAMMA Investing LLC now owns 313 shares of the company’s stock worth $75,000 after buying an additional 53 shares during the last quarter. Signaturefd LLC raised its position in Burlington Stores by 9.1% during the 2nd quarter. Signaturefd LLC now owns 648 shares of the company’s stock worth $156,000 after buying an additional 54 shares during the last quarter. Cetera Investment Advisers raised its position 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 buying an additional 61 shares during the last quarter. Finally, Atomi Financial Group Inc. raised its position in Burlington Stores by 6.5% during the 2nd quarter. Atomi Financial Group Inc. now owns 1,066 shares of the company’s stock worth $256,000 after buying an additional 65 shares during the last quarter.

Insider Buying and Selling at Burlington Stores

In other news, Director Paul Sullivan sold 1,705 shares of the business’s stock in a transaction dated Thursday, September 19th. The stock was sold at an average price of $277.05, for a total transaction of $472,370.25. Following the completion of the transaction, the director now directly owns 7,393 shares of the company’s stock, valued at approximately $2,048,230.65. The trade was a 18.74 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.91% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of research firms have issued reports on BURL. TD Cowen raised their price target on shares of Burlington Stores from $279.00 to $288.00 and gave the stock a “buy” rating in a research report on Friday, August 30th. Wells Fargo & Company raised their price objective on shares of Burlington Stores from $300.00 to $325.00 and gave the stock an “overweight” rating in a research note on Friday, August 23rd. UBS Group raised their price objective on shares of Burlington Stores from $270.00 to $280.00 and gave the stock a “neutral” rating in a research note on Thursday. JPMorgan Chase & Co. raised their price objective on shares of Burlington Stores from $284.00 to $288.00 and gave the stock an “overweight” rating in a research note on Monday, July 22nd. Finally, The Goldman Sachs Group raised their price objective on shares of Burlington Stores from $278.00 to $310.00 and gave the stock a “buy” rating in a research note on Friday, August 30th. Two analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $297.56.

Burlington Stores Stock Performance

NYSE BURL opened at $268.98 on Friday. The company has a market cap of $17.12 billion, a P/E ratio of 40.45, a P/E/G ratio of 1.36 and a beta of 1.64. 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 stock has a 50-day moving average of $260.80 and a two-hundred day moving average of $244.03. Burlington Stores, Inc. has a 1-year low of $128.57 and a 1-year high of $282.49.

Burlington Stores (NYSE:BURL) last released its earnings results on Thursday, August 29th. The company reported $1.20 earnings per share for the quarter, beating the consensus estimate of $0.95 by $0.25. The company had revenue of $2.47 billion during the quarter, compared to the consensus estimate of $2.42 billion. Burlington Stores had a return on equity of 47.43% and a net margin of 4.18%. Burlington Stores’s revenue was up 13.4% compared to the same quarter last year. During the same period in the previous year, the company posted $0.60 EPS. As a group, analysts anticipate that Burlington Stores, Inc. will post 7.93 EPS 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.