Squar Milner Financial Services LLC lifted its holdings in Burlington Stores Inc (NYSE:BURL) by 176.7% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 404 shares of the company’s stock after purchasing an additional 258 shares during the quarter. Squar Milner Financial Services LLC’s holdings in Burlington Stores were worth $92,000 as of its most recent filing with the SEC.
Other large investors have also added to or reduced their stakes in the company. KCS Wealth Advisory bought a new position in shares of Burlington Stores in the third quarter worth $40,000. Parallel Advisors LLC grew its stake in shares of Burlington Stores by 85.9% in the third quarter. Parallel Advisors LLC now owns 316 shares of the company’s stock worth $63,000 after purchasing an additional 146 shares in the last quarter. Quest Capital Management Inc. ADV bought a new position in shares of Burlington Stores in the third quarter worth $69,000. Atria Investments LLC bought a new position in shares of Burlington Stores in the second quarter worth $75,000. Finally, Quadrant Capital Group LLC grew its stake in shares of Burlington Stores by 53.8% in the third quarter. Quadrant Capital Group LLC now owns 503 shares of the company’s stock worth $99,000 after purchasing an additional 176 shares in the last quarter.
In other news, CMO Jennifer Vecchio sold 17,016 shares of the company’s stock in a transaction on Friday, November 29th. The stock was sold at an average price of $226.00, for a total transaction of $3,845,616.00. Following the completion of the sale, the chief marketing officer now directly owns 40,060 shares of the company’s stock, valued at $9,053,560. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Chairman Thomas Kingsbury sold 25,000 shares of the company’s stock in a transaction on Thursday, December 12th. The shares were sold at an average price of $224.20, for a total value of $5,605,000.00. Following the sale, the chairman now directly owns 166,872 shares of the company’s stock, valued at $37,412,702.40. The disclosure for this sale can be found here. Insiders have sold 95,874 shares of company stock valued at $21,767,465 in the last ninety days. Company insiders own 1.86% of the company’s stock.
Several research analysts have recently issued reports on the company. Deutsche Bank increased their price target on Burlington Stores from $229.00 to $232.00 and gave the stock a “buy” rating in a research note on Wednesday, November 27th. Loop Capital reissued a “buy” rating and issued a $240.00 price target on shares of Burlington Stores in a research note on Wednesday, November 27th. Credit Suisse Group increased their price target on Burlington Stores from $235.00 to $245.00 and gave the stock an “outperform” rating in a research note on Friday, October 18th. Telsey Advisory Group raised their target price on Burlington Stores from $210.00 to $225.00 and gave the company a “market perform” rating in a research note on Wednesday, November 27th. Finally, DA Davidson raised their target price on Burlington Stores from $125.00 to $130.00 in a research note on Thursday, December 19th. Eight equities research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $222.94.
Shares of BURL stock opened at $227.18 on Thursday. The stock has a 50-day simple moving average of $227.18 and a 200 day simple moving average of $201.04. Burlington Stores Inc has a fifty-two week low of $136.30 and a fifty-two week high of $236.02. The stock has a market capitalization of $15.03 billion, a P/E ratio of 34.68, a P/E/G ratio of 1.98 and a beta of 0.26. The company has a quick ratio of 0.26, a current ratio of 0.88 and a debt-to-equity ratio of 8.28.
Burlington Stores (NYSE:BURL) last announced its earnings results on Tuesday, November 26th. The company reported $1.55 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.41 by $0.14. Burlington Stores had a return on equity of 145.12% and a net margin of 6.26%. The business had revenue of $1.78 billion during the quarter, compared to analysts’ expectations of $1.79 billion. During the same quarter last year, the business posted $1.21 earnings per share. The company’s quarterly revenue was up 8.6% on a year-over-year basis. On average, sell-side analysts anticipate that Burlington Stores Inc will post 7.34 earnings per share for the current year.
About Burlington Stores
Burlington Stores, Inc operates as a retailer of branded apparel products in the United States. The company offers fashion-focused merchandise, including women's ready-to-wear apparel, accessories, footwear, menswear, youth apparel, coats, toys, and gifts, as well as baby, home, and beauty products.
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