Fifth Third Wealth Advisors LLC Has $623,000 Holdings in Burlington Stores, Inc. (NYSE:BURL)

Fifth Third Wealth Advisors LLC lowered its stake in shares of Burlington Stores, Inc. (NYSE:BURL) by 1.8% in the fourth quarter, Holdings Channel.com reports. The firm owned 2,187 shares of the company’s stock after selling 39 shares during the period. Fifth Third Wealth Advisors LLC’s holdings in Burlington Stores were worth $623,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in BURL. RPg Family Wealth Advisory LLC bought a new stake in shares of Burlington Stores in the 3rd quarter worth $26,000. Fortitude Family Office LLC grew its position in Burlington Stores by 148.6% in the 4th quarter. Fortitude Family Office LLC now owns 92 shares of the company’s stock worth $26,000 after purchasing an additional 55 shares in the last quarter. Brooklyn Investment Group bought a new stake in Burlington Stores in the 3rd quarter worth about $33,000. UMB Bank n.a. increased its stake in Burlington Stores by 391.7% in the 3rd quarter. UMB Bank n.a. now owns 177 shares of the company’s stock valued at $47,000 after buying an additional 141 shares during the last quarter. Finally, AM Squared Ltd purchased a new position in shares of Burlington Stores in the 3rd quarter worth approximately $53,000.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on BURL. Telsey Advisory Group reaffirmed an “outperform” rating and set a $310.00 price target on shares of Burlington Stores in a research report on Tuesday, November 26th. Citigroup lifted their target price on Burlington Stores from $313.00 to $344.00 and gave the stock a “buy” rating in a research note on Wednesday, November 27th. Morgan Stanley increased their price target on shares of Burlington Stores from $285.00 to $305.00 and gave the company an “overweight” rating in a research report on Wednesday, November 27th. StockNews.com lowered shares of Burlington Stores from a “buy” rating to a “hold” rating in a research report on Wednesday, October 23rd. Finally, UBS Group raised shares of Burlington Stores from a “neutral” rating to a “buy” rating and increased their target price for the company from $280.00 to $360.00 in a research report on Friday, January 10th. One research analyst has rated the stock with a hold rating and sixteen have issued a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $313.00.

Insider Activity at Burlington Stores

In related news, CMO Jennifer Vecchio sold 494 shares of the firm’s stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $284.95, for a total value of $140,765.30. Following the sale, the chief marketing officer now directly owns 59,437 shares of the company’s stock, valued at $16,936,573.15. This trade represents a 0.82 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 0.91% of the stock is owned by corporate insiders.

Burlington Stores Stock Up 1.3 %

BURL stock opened at $288.93 on Friday. Burlington Stores, Inc. has a twelve month low of $174.64 and a twelve month high of $298.89. The firm has a market capitalization of $18.34 billion, a PE ratio of 39.58, a PEG ratio of 1.54 and a beta of 1.63. The company has a quick ratio of 0.54, a current ratio of 1.17 and a debt-to-equity ratio of 1.35. The stock has a 50-day simple moving average of $283.22 and a two-hundred day simple moving average of $266.31.

Burlington Stores (NYSE:BURL) last posted its earnings results on Tuesday, November 26th. The company reported $1.55 earnings per share for the quarter, topping analysts’ consensus estimates of $1.54 by $0.01. The business 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%. Burlington Stores’s revenue was up 10.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.98 EPS. On average, equities analysts predict that Burlington Stores, Inc. will post 7.93 EPS for the current fiscal year.

About Burlington Stores

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.