Burlington Stores, Inc. (NYSE:BURL) Shares Purchased by LPL Financial LLC

LPL Financial LLC increased its stake in shares of Burlington Stores, Inc. (NYSE:BURL – Get Rating) by 10.1% during the 4th quarter, Holdings Channel.com reports. The fund owned 8,462 shares of the company’s stock after purchasing an additional 775 shares during the quarter. LPL Financial LLC’s holdings in Burlington Stores were worth $1,805,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Salem Investment Counselors Inc. increased its stake in Burlington Stores by 58.2% in the second quarter. Salem Investment Counselors Inc. now owns 193 shares of the company’s stock valued at $26,000 after purchasing an additional 71 shares during the period. Standard Family Office LLC purchased a new stake in shares of Burlington Stores in the third quarter valued at about $27,000. Concord Wealth Partners purchased a new stake in shares of Burlington Stores in the fourth quarter valued at about $40,000. U.S. Capital Wealth Advisors LLC purchased a new stake in shares of Burlington Stores in the fourth quarter valued at about $40,000. Finally, KB Financial Partners LLC boosted its holdings in Burlington Stores by 68.8% during the first quarter. KB Financial Partners LLC now owns 238 shares of the company’s stock worth $43,000 after buying an additional 97 shares in the last quarter.

Insider Buying and Selling

In related news, CMO Jennifer Vecchio sold 47,153 shares of the company’s stock in a transaction that occurred on Friday, March 17th. The shares were sold at an average price of $209.46, for a total transaction of $9,876,667.38. Following the completion of the transaction, the chief marketing officer now owns 55,173 shares of the company’s stock, valued at $11,556,536.58. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, CMO Jennifer Vecchio sold 47,153 shares of the stock in a transaction on Friday, March 17th. The shares were sold at an average price of $209.46, for a total value of $9,876,667.38. Following the completion of the sale, the chief marketing officer now owns 55,173 shares of the company’s stock, valued at $11,556,536.58. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director William P. Mcnamara sold 500 shares of the stock in a transaction on Tuesday, March 21st. The stock was sold at an average price of $212.26, for a total transaction of $106,130.00. Following the completion of the sale, the director now directly owns 8,154 shares of the company’s stock, valued at approximately $1,730,768.04. The disclosure for this sale can be found here. 0.71% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of analysts recently commented on BURL shares. Credit Suisse Group boosted their price objective on shares of Burlington Stores from $205.00 to $245.00 and gave the stock an “outperform” rating in a report on Friday, March 3rd. Jefferies Financial Group decreased their price objective on shares of Burlington Stores from $260.00 to $225.00 in a report on Tuesday, May 9th. JPMorgan Chase & Co. decreased their price objective on shares of Burlington Stores from $245.00 to $214.00 in a report on Monday, May 8th. Telsey Advisory Group reissued an “outperform” rating and set a $250.00 price objective on shares of Burlington Stores in a report on Friday, March 3rd. Finally, Wells Fargo & Company boosted their price objective on shares of Burlington Stores from $225.00 to $275.00 and gave the stock an “overweight” rating in a report on Tuesday, February 21st. One research analyst has rated the stock with a sell rating, three have given a hold rating and fourteen have given a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $225.94.

Burlington Stores Stock Performance

NYSE:BURL opened at $161.74 on Wednesday. The firm has a 50 day simple moving average of $190.48 and a 200-day simple moving average of $199.86. The company has a debt-to-equity ratio of 1.84, a current ratio of 1.19 and a quick ratio of 0.58. The firm has a market cap of $10.50 billion, a PE ratio of 46.08, a P/E/G ratio of 0.85 and a beta of 1.10. Burlington Stores, Inc. has a 1-year low of $106.47 and a 1-year high of $239.94.

Burlington Stores (NYSE:BURL – Get Rating) last posted its quarterly earnings data on Thursday, March 2nd. The company reported $2.96 earnings per share for the quarter, beating analysts’ consensus estimates of $2.72 by $0.24. The business had revenue of $2.74 billion during the quarter, compared to analyst estimates of $2.61 billion. Burlington Stores had a net margin of 2.64% and a return on equity of 40.35%. The company’s revenue was up 5.2% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.53 earnings per share. On average, equities analysts expect that Burlington Stores, Inc. will post 5.88 EPS for the current year.

About Burlington Stores

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Burlington Stores, Inc engages in the retail of off-price apparel and home products. It offers women’s ready-to-wear apparel, accessories, footwear, menswear, youth apparel, baby, coats, beauty, toys, and gifts. It operates through the following segments: Ladies Apparel, Accessories and Shoes, Home, Mens Apparel, Kids Apparel and Baby, and Outerwear.