Janus Henderson Group PLC Has $221.90 Million Stock Position in Burlington Stores, Inc. (NYSE:BURL)

Janus Henderson Group PLC lessened its stake in Burlington Stores, Inc. (NYSE:BURL) by 22.2% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 842,188 shares of the company’s stock after selling 239,957 shares during the quarter. Janus Henderson Group PLC’s holdings in Burlington Stores were worth $221,899,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Crewe Advisors LLC bought a new position in Burlington Stores during the second quarter worth about $25,000. RPg Family Wealth Advisory LLC acquired a new stake in shares of Burlington Stores in the third quarter valued at approximately $26,000. Brooklyn Investment Group bought a new position in shares of Burlington Stores during the 3rd quarter worth approximately $33,000. ORG Partners LLC acquired a new position in shares of Burlington Stores during the 2nd quarter worth approximately $38,000. Finally, Blue Trust Inc. increased its holdings in shares of Burlington Stores by 619.2% during the 2nd quarter. Blue Trust Inc. now owns 187 shares of the company’s stock worth $43,000 after acquiring an additional 161 shares during the last quarter.

Analyst Ratings Changes

Several equities research analysts have issued reports on BURL shares. Morgan Stanley raised their price target on Burlington Stores from $285.00 to $305.00 and gave the company an “overweight” rating in a report on Wednesday, November 27th. Evercore ISI raised their target price on shares of Burlington Stores from $315.00 to $340.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 27th. The Goldman Sachs Group upped their price target on shares of Burlington Stores from $278.00 to $310.00 and gave the company a “buy” rating in a research note on Friday, August 30th. Telsey Advisory Group restated an “outperform” rating and set a $310.00 price objective on shares of Burlington Stores in a research report on Tuesday, November 26th. Finally, StockNews.com downgraded Burlington Stores from a “buy” rating to a “hold” rating in a research report on Wednesday, October 23rd. Two equities research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $307.69.

Insider Activity at Burlington Stores

In other news, Director Paul Sullivan sold 1,705 shares of the stock in a transaction dated Thursday, September 19th. The shares were 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 owns 7,393 shares of the company’s stock, valued at approximately $2,048,230.65. This represents a 18.74 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.91% of the stock is currently owned by insiders.

Burlington Stores Stock Down 1.5 %

Shares of NYSE BURL opened at $285.96 on Wednesday. The stock has a market capitalization of $18.15 billion, a P/E ratio of 39.17, a PEG ratio of 1.55 and a beta of 1.64. The stock’s fifty day moving average is $263.27 and its 200 day moving average is $252.04. Burlington Stores, Inc. has a 52 week low of $172.80 and a 52 week high of $298.89. The company has a debt-to-equity ratio of 1.35, a quick ratio of 0.54 and a current ratio of 1.17.

Burlington Stores (NYSE:BURL) last released its earnings results on Tuesday, November 26th. The company reported $1.55 EPS for the quarter, beating the consensus estimate of $1.54 by $0.01. The firm had revenue of $2.53 billion for the quarter, compared to analyst estimates of $2.55 billion. Burlington Stores had a net margin of 4.49% and a return on equity of 47.52%. The business’s quarterly revenue was up 10.5% compared to the same quarter last year. During the same period last year, the firm earned $0.98 EPS. Sell-side analysts forecast that Burlington Stores, Inc. will post 7.93 earnings per share for the current fiscal year.

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.