HighTower Advisors LLC Increases Position in Burlington Stores, Inc. $BURL

HighTower Advisors LLC grew its stake in Burlington Stores, Inc. (NYSE:BURL) by 4.3% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 3,621 shares of the company’s stock after acquiring an additional 150 shares during the quarter. HighTower Advisors LLC’s holdings in Burlington Stores were worth $863,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in BURL. NewEdge Advisors LLC increased its holdings in shares of Burlington Stores by 9.6% in the 4th quarter. NewEdge Advisors LLC now owns 947 shares of the company’s stock valued at $270,000 after acquiring an additional 83 shares during the period. Stifel Financial Corp increased its holdings in shares of Burlington Stores by 8.8% in the 4th quarter. Stifel Financial Corp now owns 5,128 shares of the company’s stock valued at $1,462,000 after acquiring an additional 415 shares during the period. Coldstream Capital Management Inc. increased its holdings in shares of Burlington Stores by 18.6% in the 4th quarter. Coldstream Capital Management Inc. now owns 1,076 shares of the company’s stock valued at $307,000 after acquiring an additional 169 shares during the period. Northern Trust Corp increased its holdings in shares of Burlington Stores by 20.5% in the 4th quarter. Northern Trust Corp now owns 618,960 shares of the company’s stock valued at $176,441,000 after acquiring an additional 105,380 shares during the period. Finally, Utah Retirement Systems increased its holdings in shares of Burlington Stores by 1.0% in the 4th quarter. Utah Retirement Systems now owns 10,565 shares of the company’s stock valued at $3,012,000 after acquiring an additional 100 shares during the period.

Analyst Upgrades and Downgrades

BURL has been the topic of a number of analyst reports. Evercore ISI cut their price target on Burlington Stores from $345.00 to $310.00 and set an “outperform” rating on the stock in a report on Friday, May 30th. JPMorgan Chase & Co. raised their price objective on Burlington Stores from $280.00 to $338.00 and gave the stock an “overweight” rating in a research report on Monday, July 28th. Barclays raised their price objective on Burlington Stores from $254.00 to $299.00 and gave the stock an “overweight” rating in a research report on Friday, May 30th. Robert W. Baird lowered their price objective on Burlington Stores from $335.00 to $325.00 and set an “outperform” rating for the company in a research report on Friday, May 30th. Finally, Telsey Advisory Group reissued an “outperform” rating and issued a $300.00 price objective on shares of Burlington Stores in a research report on Friday, August 22nd. Thirteen equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock has a consensus rating of “Buy” and an average price target of $318.92.

Burlington Stores Stock Performance

Shares of BURL opened at $280.28 on Thursday. The stock has a 50-day moving average of $262.92 and a two-hundred day moving average of $247.64. Burlington Stores, Inc. has a one year low of $212.92 and a one year high of $298.89. The company has a debt-to-equity ratio of 1.21, a quick ratio of 0.39 and a current ratio of 1.06. The stock has a market cap of $17.68 billion, a P/E ratio of 34.39, a P/E/G ratio of 2.42 and a beta of 1.69.

Burlington Stores (NYSE:BURL) last issued its quarterly earnings results on Thursday, May 29th. The company reported $1.60 EPS for the quarter, topping analysts’ consensus estimates of $1.43 by $0.17. Burlington Stores had a return on equity of 44.03% and a net margin of 4.88%.The company had revenue of $2.50 billion during the quarter, compared to analysts’ expectations of $2.52 billion. During the same quarter in the previous year, the firm posted $1.35 EPS. The firm’s revenue was up 6.0% compared to the same quarter last year. As a group, research analysts predict that Burlington Stores, Inc. will post 7.93 EPS for the current year.

Insider Transactions at Burlington Stores

In other news, 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 value of $99,388.80. Following the completion of the transaction, the chief marketing officer owned 65,429 shares of the company’s stock, valued at $15,483,118.56. The trade was a 0.64% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CAO Stephen Ferroni sold 450 shares of the business’s stock in a transaction dated Thursday, June 5th. The shares were sold at an average price of $241.39, for a total value of $108,625.50. Following the completion of the transaction, the chief accounting officer directly owned 2,389 shares of the company’s stock, valued at approximately $576,680.71. This trade represents a 15.85% decrease in their position. The disclosure for this sale can be found here. Insiders own 1.10% of the company’s stock.

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.