Burlington Stores, Inc. (NYSE:BURL) Holdings Boosted by Archer Investment Corp

Archer Investment Corp grew its holdings in Burlington Stores, Inc. (NYSE:BURL) by 35.7% in the third quarter, Holdings Channel.com reports. The firm owned 570 shares of the company’s stock after purchasing an additional 150 shares during the period. Archer Investment Corp’s holdings in Burlington Stores were worth $150,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of BURL. CANADA LIFE ASSURANCE Co increased its stake in Burlington Stores by 7.4% in the 1st quarter. CANADA LIFE ASSURANCE Co now owns 56,326 shares of the company’s stock valued at $13,073,000 after buying an additional 3,867 shares during the period. Tidal Investments LLC raised its holdings in shares of Burlington Stores by 178.4% during the first quarter. Tidal Investments LLC now owns 6,163 shares of the company’s stock worth $1,431,000 after acquiring an additional 3,949 shares in the last quarter. Cetera Investment Advisers acquired a new stake in Burlington Stores during the first quarter valued at $2,851,000. Mitsubishi UFJ Trust & Banking Corp boosted its position in Burlington Stores by 14.6% during the first quarter. Mitsubishi UFJ Trust & Banking Corp now owns 39,584 shares of the company’s stock valued at $9,166,000 after purchasing an additional 5,032 shares during the last quarter. Finally, AMF Tjanstepension AB purchased a new position in Burlington Stores in the second quarter valued at about $8,186,000.

Insider Buying and Selling

In related news, Director Paul Sullivan sold 1,705 shares of the firm’s stock in a transaction on Thursday, September 19th. The stock was sold at an average price of $277.05, for a total value of $472,370.25. Following the completion of the transaction, the director now directly owns 7,393 shares of the company’s stock, valued at $2,048,230.65. This trade represents a 18.74 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.91% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on BURL shares. Citigroup lifted their price target on Burlington Stores from $276.00 to $313.00 and gave the company a “buy” rating in a report on Friday, August 30th. Wells Fargo & Company lifted their target price on shares of Burlington Stores from $300.00 to $325.00 and gave the company an “overweight” rating in a research note on Friday, August 23rd. Loop Capital increased their price target on shares of Burlington Stores from $270.00 to $345.00 and gave the stock a “buy” rating in a research note on Friday, August 30th. Evercore ISI raised their price target on shares of Burlington Stores from $300.00 to $315.00 and gave the company an “outperform” rating in a report on Friday, August 30th. Finally, Morgan Stanley upped their price objective on shares of Burlington Stores from $284.00 to $300.00 and gave the stock an “overweight” rating in a report on Friday, August 30th. Two investment analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. According to MarketBeat, Burlington Stores has a consensus rating of “Moderate Buy” and a consensus price target of $297.56.

Burlington Stores Stock Down 0.2 %

Shares of BURL stock opened at $268.98 on Friday. Burlington Stores, Inc. has a 12 month low of $128.57 and a 12 month high of $282.49. The company has a quick ratio of 0.48, a current ratio of 1.04 and a debt-to-equity ratio of 1.15. The firm has a market cap of $17.12 billion, a PE ratio of 40.45, a price-to-earnings-growth ratio of 1.36 and a beta of 1.64. The stock has a 50 day moving average of $260.80 and a 200-day moving average of $244.03.

Burlington Stores (NYSE:BURL) last posted its quarterly earnings results on Thursday, August 29th. The company reported $1.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.95 by $0.25. The company had revenue of $2.47 billion for the quarter, compared to analyst estimates of $2.42 billion. Burlington Stores had a net margin of 4.18% and a return on equity of 47.43%. The business’s quarterly revenue was up 13.4% on a year-over-year basis. During the same period last year, the business posted $0.60 EPS. On average, equities analysts predict that Burlington Stores, Inc. will post 7.93 EPS for the current year.

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.