Stifel Financial Corp Acquires 3,021 Shares of Burlington Stores, Inc. (NYSE:BURL)

Stifel Financial Corp boosted its holdings in shares of Burlington Stores, Inc. (NYSE:BURL) by 178.5% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 4,713 shares of the company’s stock after acquiring an additional 3,021 shares during the quarter. Stifel Financial Corp’s holdings in Burlington Stores were worth $1,242,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Crewe Advisors LLC bought a new stake in Burlington Stores during the 2nd quarter valued at $25,000. RPg Family Wealth Advisory LLC purchased a new stake in shares of Burlington Stores during the 3rd quarter worth $26,000. Brooklyn Investment Group bought a new stake in Burlington Stores during the third quarter valued at about $33,000. UMB Bank n.a. grew its stake in Burlington Stores by 391.7% in the third quarter. UMB Bank n.a. now owns 177 shares of the company’s stock valued at $47,000 after purchasing an additional 141 shares during the last quarter. Finally, Hantz Financial Services Inc. purchased a new position in Burlington Stores in the second quarter valued at about $49,000.

Insider Buying and Selling at Burlington Stores

In other news, CMO Jennifer Vecchio sold 494 shares of the firm’s stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $293.89, for a total transaction of $145,181.66. Following the sale, the chief marketing officer now owns 59,931 shares of the company’s stock, valued at $17,613,121.59. This trade represents a 0.82 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.91% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of research firms have recently weighed in on BURL. StockNews.com cut shares of Burlington Stores from a “buy” rating to a “hold” rating in a report on Wednesday, October 23rd. Citigroup raised their target price on shares of Burlington Stores from $313.00 to $344.00 and gave the company a “buy” rating in a research note on Wednesday, November 27th. The Goldman Sachs Group upped their price target on Burlington Stores from $278.00 to $310.00 and gave the stock a “buy” rating in a research report on Friday, August 30th. Bank of America increased their price objective on Burlington Stores from $275.00 to $315.00 and gave the company a “buy” rating in a report on Friday, August 30th. Finally, Barclays reduced their target price on Burlington Stores from $327.00 to $317.00 and set an “overweight” rating on the stock in a research report on Wednesday, November 27th. Two research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $308.00.

Burlington Stores Trading Up 1.5 %

Burlington Stores stock opened at $285.25 on Monday. Burlington Stores, Inc. has a 52 week low of $174.64 and a 52 week high of $298.89. The stock has a 50-day moving average price of $271.18 and a 200 day moving average price of $259.78. The company has a quick ratio of 0.54, a current ratio of 1.17 and a debt-to-equity ratio of 1.35. The company has a market capitalization of $18.11 billion, a price-to-earnings ratio of 39.08, a price-to-earnings-growth ratio of 1.58 and a beta of 1.64.

Burlington Stores (NYSE:BURL) last released its quarterly earnings data on Tuesday, November 26th. The company reported $1.55 EPS for the quarter, beating the consensus estimate of $1.54 by $0.01. The business had revenue of $2.53 billion for the quarter, compared to the consensus estimate of $2.55 billion. Burlington Stores had a net margin of 4.49% and a return on equity of 47.52%. The business’s revenue for the quarter was up 10.5% on a year-over-year basis. During the same period in the prior year, the firm earned $0.98 EPS. Sell-side analysts anticipate that Burlington Stores, Inc. will post 7.93 EPS for the current 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.