Envestnet Asset Management Inc. Decreases Position in Burlington Stores, Inc. (NYSE:BURL)

Envestnet Asset Management Inc. lessened its holdings in shares of Burlington Stores, Inc. (NYSE:BURL) by 3.9% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 110,555 shares of the company’s stock after selling 4,510 shares during the period. Envestnet Asset Management Inc. owned approximately 0.18% of Burlington Stores worth $26,349,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in BURL. Steward Partners Investment Advisory LLC lifted its holdings in shares of Burlington Stores by 34.9% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 290 shares of the company’s stock valued at $83,000 after purchasing an additional 75 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in Burlington Stores during the 4th quarter worth about $17,330,000. HighTower Advisors LLC lifted its position in Burlington Stores by 18.4% during the 4th quarter. HighTower Advisors LLC now owns 3,471 shares of the company’s stock worth $989,000 after acquiring an additional 540 shares during the period. EverSource Wealth Advisors LLC lifted its position in Burlington Stores by 18.3% during the 4th quarter. EverSource Wealth Advisors LLC now owns 317 shares of the company’s stock worth $90,000 after acquiring an additional 49 shares during the period. Finally, Farther Finance Advisors LLC lifted its position in Burlington Stores by 104.5% during the 4th quarter. Farther Finance Advisors LLC now owns 135 shares of the company’s stock worth $38,000 after acquiring an additional 69 shares during the period.

Burlington Stores Stock Performance

NYSE:BURL opened at $256.04 on Tuesday. The firm has a market capitalization of $16.15 billion, a PE ratio of 31.42, a price-to-earnings-growth ratio of 2.18 and a beta of 1.64. The business’s fifty day moving average price is $242.56 and its 200 day moving average price is $249.25. The company has a debt-to-equity ratio of 1.21, a current ratio of 1.06 and a quick ratio of 0.39. Burlington Stores, Inc. has a 12 month low of $212.92 and a 12 month high of $298.89.

Burlington Stores (NYSE:BURL) last posted its earnings results on Thursday, May 29th. The company reported $1.60 EPS for the quarter, beating the consensus estimate of $1.43 by $0.17. The firm had revenue of $2.50 billion for the quarter, compared to analyst estimates of $2.52 billion. Burlington Stores had a return on equity of 44.03% and a net margin of 4.88%. Burlington Stores’s revenue for the quarter was up 6.0% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.35 earnings per share. On average, sell-side analysts anticipate that Burlington Stores, Inc. will post 7.93 earnings per share for the current fiscal year.

Insider Activity at Burlington Stores

In other Burlington Stores news, CMO Jennifer Vecchio sold 420 shares of the firm’s stock in a transaction dated Tuesday, July 1st. The stock was sold at an average price of $236.64, for a total transaction of $99,388.80. Following the transaction, the chief marketing officer owned 65,429 shares of the company’s stock, valued at approximately $15,483,118.56. This trade represents a 0.64% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, COO Travis Marquette sold 190 shares of Burlington Stores stock in a transaction dated Monday, May 5th. The stock was sold at an average price of $237.63, for a total value of $45,149.70. Following the sale, the chief operating officer owned 22,858 shares in the company, valued at $5,431,746.54. This trade represents a 0.82% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 1,060 shares of company stock valued at $253,164 over the last quarter. 1.10% of the stock is owned by insiders.

Analyst Ratings Changes

BURL has been the subject of a number of recent research reports. Barclays lifted their price objective on Burlington Stores from $254.00 to $299.00 and gave the company an “overweight” rating in a research note on Friday, May 30th. JPMorgan Chase & Co. lifted their price target on Burlington Stores from $287.00 to $327.00 and gave the company an “overweight” rating in a research note on Monday, May 19th. Wells Fargo & Company cut their price target on Burlington Stores from $325.00 to $300.00 and set an “overweight” rating for the company in a research note on Wednesday, April 30th. Robert W. Baird cut their price target on Burlington Stores from $335.00 to $325.00 and set an “outperform” rating for the company in a research note on Friday, May 30th. Finally, Evercore ISI cut their price target on Burlington Stores from $345.00 to $310.00 and set an “outperform” rating for the company in a research note on Friday, May 30th. One research analyst has rated the stock with a hold rating and fourteen have given a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $316.36.

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.