Stifel Financial Corp Buys 415 Shares of Burlington Stores, Inc. (NYSE:BURL)

Stifel Financial Corp boosted its position in Burlington Stores, Inc. (NYSE:BURL) by 8.8% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,128 shares of the company’s stock after buying an additional 415 shares during the period. Stifel Financial Corp’s holdings in Burlington Stores were worth $1,462,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. IFP Advisors Inc grew its stake in Burlington Stores by 81.6% in the fourth quarter. IFP Advisors Inc now owns 89 shares of the company’s stock valued at $25,000 after acquiring an additional 40 shares during the period. Fortitude Family Office LLC grew its position in Burlington Stores by 148.6% in the 4th quarter. Fortitude Family Office LLC now owns 92 shares of the company’s stock valued at $26,000 after purchasing an additional 55 shares during the period. Stonebridge Financial Group LLC acquired a new stake in Burlington Stores in the 4th quarter valued at $31,000. Farther Finance Advisors LLC increased its stake in Burlington Stores by 104.5% during the 4th quarter. Farther Finance Advisors LLC now owns 135 shares of the company’s stock valued at $38,000 after purchasing an additional 69 shares in the last quarter. Finally, Parkside Financial Bank & Trust raised its holdings 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 buying an additional 88 shares during the last quarter.

Burlington Stores Price Performance

NYSE BURL opened at $237.01 on Wednesday. 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 cap of $14.93 billion, a PE ratio of 32.47, a price-to-earnings-growth ratio of 1.11 and a beta of 1.70. Burlington Stores, Inc. has a 52 week low of $181.87 and a 52 week high of $298.89. The firm’s 50-day simple moving average is $234.72 and its two-hundred day simple moving average is $259.88.

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

Insider Activity

In other news, CMO Jennifer Vecchio sold 4,939 shares of the firm’s stock in a transaction that occurred on Thursday, March 20th. The shares were sold at an average price of $239.94, for a total value of $1,185,063.66. Following the completion of the transaction, the chief marketing officer now directly owns 70,006 shares in the company, valued at approximately $16,797,239.64. This trade represents a 6.59 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.10% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

BURL has been the subject of several recent research reports. UBS Group boosted their target price on shares of Burlington Stores from $360.00 to $405.00 and gave the stock a “buy” rating in a research report on Friday, March 7th. Citigroup lowered their price objective on Burlington Stores from $344.00 to $340.00 and set a “buy” rating for the company in a research note on Friday, March 7th. Telsey Advisory Group reaffirmed an “outperform” rating and set a $340.00 target price on shares of Burlington Stores in a research report on Thursday, March 6th. Wells Fargo & Company lowered their price target on Burlington Stores from $325.00 to $300.00 and set an “overweight” rating for the company in a research report on Wednesday, April 30th. Finally, Morgan Stanley cut their price objective on shares of Burlington Stores from $297.00 to $269.00 and set an “overweight” rating on the stock in a report on Tuesday. One equities research analyst has rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $319.60.

About Burlington Stores

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.