Burlington Stores, Inc. (NYSE:BURL) Stock Position Trimmed by Wealth Enhancement Advisory Services LLC

Wealth Enhancement Advisory Services LLC trimmed its position in shares of Burlington Stores, Inc. (NYSE:BURL) by 10.5% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 5,481 shares of the company’s stock after selling 644 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in Burlington Stores were worth $1,306,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of BURL. IFP Advisors Inc grew its holdings in Burlington Stores by 81.6% in the 4th quarter. IFP Advisors Inc now owns 89 shares of the company’s stock worth $25,000 after buying an additional 40 shares in the last quarter. QRG Capital Management Inc. acquired a new position in Burlington Stores during the 4th quarter worth $219,000. Parkside Financial Bank & Trust grew its stake in shares of Burlington Stores by 157.1% in the fourth quarter. Parkside Financial Bank & Trust now owns 144 shares of the company’s stock worth $41,000 after purchasing an additional 88 shares in the last quarter. Metis Global Partners LLC grew its stake in shares of Burlington Stores by 5.9% in the fourth quarter. Metis Global Partners LLC now owns 867 shares of the company’s stock worth $247,000 after purchasing an additional 48 shares in the last quarter. Finally, Smartleaf Asset Management LLC increased its holdings in shares of Burlington Stores by 48.8% during the fourth quarter. Smartleaf Asset Management LLC now owns 186 shares of the company’s stock valued at $53,000 after purchasing an additional 61 shares during the period.

Insider Buying and Selling at Burlington Stores

In related news, CAO Stephen Ferroni sold 450 shares of the stock in a transaction on Thursday, June 5th. The stock was 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 owned 2,389 shares in the company, valued at $576,680.71. This trade represents a 15.85% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 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 completion of the transaction, the chief operating officer directly owned 22,858 shares in the company, valued at $5,431,746.54. This represents a 0.82% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 1.10% of the company’s stock.

Burlington Stores Trading Up 0.8%

Shares of NYSE:BURL opened at $232.52 on Tuesday. 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 capitalization of $14.67 billion, a price-to-earnings ratio of 28.53, a PEG ratio of 1.65 and a beta of 1.65. Burlington Stores, Inc. has a 1-year low of $212.92 and a 1-year high of $298.89. The company has a 50 day moving average price of $238.27 and a 200 day moving average price of $251.72.

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

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on BURL. JPMorgan Chase & Co. upped their price objective on shares of Burlington Stores from $287.00 to $327.00 and gave the stock an “overweight” rating in a report on Monday, May 19th. Telsey Advisory Group restated an “outperform” rating and set a $300.00 price target (down from $340.00) on shares of Burlington Stores in a research report on Thursday, May 29th. Wells Fargo & Company decreased their price objective on shares of Burlington Stores from $325.00 to $300.00 and set an “overweight” rating for the company in a report on Wednesday, April 30th. Morgan Stanley lowered their price objective on shares of Burlington Stores from $297.00 to $269.00 and set an “overweight” rating on the stock in a research note on Tuesday, May 6th. Finally, Barclays upped their target price on Burlington Stores from $254.00 to $299.00 and gave the stock an “overweight” rating in a research report 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’s stock. Based on data from MarketBeat.com, Burlington Stores currently has a consensus rating of “Moderate Buy” and an average price target of $317.43.

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.