Raymond James Financial Inc. Buys New Stake in Burlington Stores, Inc. (NYSE:BURL)

Raymond James Financial Inc. purchased a new position in shares of Burlington Stores, Inc. (NYSE:BURL) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 60,794 shares of the company’s stock, valued at approximately $17,330,000. Raymond James Financial Inc. owned approximately 0.10% of Burlington Stores as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently made changes to their positions in BURL. IFP Advisors Inc increased its position in Burlington Stores by 81.6% during the 4th quarter. IFP Advisors Inc now owns 89 shares of the company’s stock worth $25,000 after purchasing an additional 40 shares in the last quarter. Fortitude Family Office LLC grew its holdings in shares of Burlington Stores by 148.6% during the fourth quarter. Fortitude Family Office LLC now owns 92 shares of the company’s stock worth $26,000 after buying an additional 55 shares in the last quarter. Stonebridge Financial Group LLC acquired a new position in shares of Burlington Stores in the fourth quarter valued at approximately $31,000. Farther Finance Advisors LLC lifted its stake in shares of Burlington Stores by 104.5% during the fourth quarter. Farther Finance Advisors LLC now owns 135 shares of the company’s stock valued at $38,000 after buying an additional 69 shares during the period. Finally, Parkside Financial Bank & Trust boosted its position in Burlington Stores by 157.1% during the fourth quarter. Parkside Financial Bank & Trust now owns 144 shares of the company’s stock worth $41,000 after acquiring an additional 88 shares during the last quarter.

Analyst Ratings Changes

BURL has been the subject of several analyst reports. Barclays boosted their price target on Burlington Stores from $317.00 to $329.00 and gave the company an “overweight” rating in a report on Friday, March 7th. Morgan Stanley increased their target price on Burlington Stores from $296.00 to $297.00 and gave the stock an “overweight” rating in a research report on Friday, March 7th. JPMorgan Chase & Co. lowered their price target on Burlington Stores from $336.00 to $287.00 and set an “overweight” rating for the company in a report on Monday, April 14th. Robert W. Baird increased their price objective on shares of Burlington Stores from $330.00 to $335.00 and gave the stock an “outperform” rating in a report on Friday, March 7th. Finally, Citigroup lowered their target price on shares of Burlington Stores from $344.00 to $340.00 and set a “buy” rating for the company in a report on Friday, March 7th. One equities research analyst has rated the stock with a hold rating and fifteen have given a buy rating to the company. According to data from MarketBeat, Burlington Stores currently has an average rating of “Moderate Buy” and a consensus price target of $323.13.

Burlington Stores Trading Up 0.2 %

NYSE:BURL opened at $226.67 on Monday. The business’s 50-day moving average is $238.90 and its two-hundred day moving average is $262.31. The firm has a market capitalization of $14.28 billion, a PE ratio of 31.05, a price-to-earnings-growth ratio of 1.11 and a beta of 1.65. Burlington Stores, Inc. has a 12 month low of $174.64 and a 12 month high of $298.89. The company has a debt-to-equity ratio of 1.35, a current ratio of 1.17 and a quick ratio of 0.54.

Burlington Stores (NYSE:BURL) last announced its earnings results on Thursday, March 6th. The company reported $4.07 EPS for the quarter, beating the consensus estimate of $3.75 by $0.32. The business had revenue of $3.28 billion for the quarter, compared to the consensus estimate of $3.25 billion. Burlington Stores had a return on equity of 47.52% and a net margin of 4.49%. Research analysts predict that Burlington Stores, Inc. will post 7.93 earnings per share for the current fiscal year.

Insider Activity at Burlington Stores

In related news, CMO Jennifer Vecchio sold 4,939 shares of the business’s stock in a transaction dated Thursday, March 20th. The stock was sold at an average price of $239.94, for a total value of $1,185,063.66. Following the transaction, the chief marketing officer now owns 70,006 shares in the company, valued at approximately $16,797,239.64. The trade was a 6.59 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 1.10% of the company’s stock.

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.