Burlington Stores, Inc. (NYSE:BURL) Shares Sold by Avantax Advisory Services Inc.

Avantax Advisory Services Inc. lowered its position in Burlington Stores, Inc. (NYSE:BURL) by 5.5% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,663 shares of the company’s stock after selling 154 shares during the quarter. Avantax Advisory Services Inc.’s holdings in Burlington Stores were worth $635,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Flagship Harbor Advisors LLC lifted its holdings in Burlington Stores by 14.2% in the 1st quarter. Flagship Harbor Advisors LLC now owns 895 shares of the company’s stock worth $213,000 after buying an additional 111 shares in the last quarter. Grandeur Peak Global Advisors LLC raised its stake in shares of Burlington Stores by 3.0% in the 4th quarter. Grandeur Peak Global Advisors LLC now owns 45,056 shares of the company’s stock valued at $12,844,000 after purchasing an additional 1,305 shares in the last quarter. Gateway Investment Advisers LLC raised its stake in shares of Burlington Stores by 72.5% in the 1st quarter. Gateway Investment Advisers LLC now owns 5,628 shares of the company’s stock valued at $1,341,000 after purchasing an additional 2,365 shares in the last quarter. Asset Management One Co. Ltd. raised its stake in shares of Burlington Stores by 5.4% in the 1st quarter. Asset Management One Co. Ltd. now owns 23,914 shares of the company’s stock valued at $5,699,000 after purchasing an additional 1,225 shares in the last quarter. Finally, Bain Capital Public Equity Management II LLC raised its stake in shares of Burlington Stores by 39.5% in the 4th quarter. Bain Capital Public Equity Management II LLC now owns 456,416 shares of the company’s stock valued at $130,106,000 after purchasing an additional 129,303 shares in the last quarter.

Burlington Stores Stock Up 2.9%

BURL stock opened at $281.03 on Tuesday. Burlington Stores, Inc. has a 12-month low of $212.92 and a 12-month high of $298.89. The company has a quick ratio of 0.39, a current ratio of 1.06 and a debt-to-equity ratio of 1.21. The company has a market cap of $17.73 billion, a price-to-earnings ratio of 34.48, a PEG ratio of 2.38 and a beta of 1.69. The company has a 50 day moving average of $248.55 and a two-hundred day moving average of $247.62.

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

Insider Buying and Selling at Burlington Stores

In related news, CAO Stephen Ferroni sold 450 shares of Burlington Stores stock in a transaction on Thursday, June 5th. The shares were sold at an average price of $241.39, for a total value of $108,625.50. Following the transaction, the chief accounting officer owned 2,389 shares in the company, valued at $576,680.71. This trade represents a 15.85% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CMO Jennifer Vecchio sold 420 shares of the business’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 in the company, valued at approximately $15,483,118.56. The trade was a 0.64% decrease in their position. The disclosure for this sale can be found here. Company insiders own 1.10% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on BURL shares. UBS Group set a $390.00 price objective on shares of Burlington Stores and gave the stock a “buy” rating in a research note on Monday, July 14th. The Goldman Sachs Group dropped their price objective on shares of Burlington Stores from $317.00 to $316.00 and set a “buy” rating on the stock in a research note on Tuesday, July 22nd. Evercore ISI dropped their price objective on shares of Burlington Stores from $345.00 to $310.00 and set an “outperform” rating on the stock in a research note on Friday, May 30th. Loop Capital dropped their price objective on shares of Burlington Stores from $315.00 to $305.00 and set a “buy” rating on the stock in a research note on Friday, May 30th. Finally, Robert W. Baird dropped their price objective on shares of Burlington Stores from $335.00 to $325.00 and set an “outperform” rating on the stock 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, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $317.57.

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.