Burlington Stores, Inc. (NYSE:BURL) Shares Sold by Mount Yale Investment Advisors LLC

Mount Yale Investment Advisors LLC lowered its position in shares of Burlington Stores, Inc. (NYSE:BURL) by 41.4% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,681 shares of the company’s stock after selling 1,188 shares during the period. Mount Yale Investment Advisors LLC’s holdings in Burlington Stores were worth $479,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in BURL. Massachusetts Financial Services Co. MA increased its position in Burlington Stores by 1,048.8% during the third quarter. Massachusetts Financial Services Co. MA now owns 730,524 shares of the company’s stock worth $192,478,000 after buying an additional 666,934 shares during the period. International Assets Investment Management LLC purchased a new position in shares of Burlington Stores during the third quarter worth approximately $239,510,000. Robeco Institutional Asset Management B.V. increased its holdings in shares of Burlington Stores by 3,041.5% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 30,912 shares of the company’s stock valued at $8,145,000 after acquiring an additional 29,928 shares during the period. KBC Group NV raised its position in Burlington Stores by 317.6% in the 3rd quarter. KBC Group NV now owns 37,563 shares of the company’s stock valued at $9,897,000 after purchasing an additional 28,567 shares during the last quarter. Finally, Point72 Hong Kong Ltd acquired a new stake in Burlington Stores during the 3rd quarter worth $7,462,000.

Burlington Stores Trading Up 2.0 %

Shares of Burlington Stores stock opened at $291.52 on Wednesday. The company has a 50-day moving average of $287.42 and a two-hundred day moving average of $269.68. The stock has a market cap of $18.51 billion, a PE ratio of 39.93, a price-to-earnings-growth ratio of 1.55 and a beta of 1.63. The company has a current ratio of 1.17, a quick ratio of 0.54 and a debt-to-equity ratio of 1.35. Burlington Stores, Inc. has a 12-month low of $174.64 and a 12-month high of $298.89.

Burlington Stores (NYSE:BURL) last issued its quarterly earnings data on Tuesday, November 26th. The company reported $1.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.54 by $0.01. The firm had revenue of $2.53 billion during the quarter, compared to analysts’ expectations of $2.55 billion. Burlington Stores had a return on equity of 47.52% and a net margin of 4.49%. Burlington Stores’s revenue was up 10.5% on a year-over-year basis. During the same period in the previous year, the firm posted $0.98 earnings per share. On average, research analysts anticipate that Burlington Stores, Inc. will post 7.93 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the stock. UBS Group upgraded shares of Burlington Stores from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $280.00 to $360.00 in a research note on Friday, January 10th. Telsey Advisory Group reaffirmed an “outperform” rating and set a $310.00 price objective on shares of Burlington Stores in a research report on Tuesday, November 26th. Morgan Stanley lifted their target price on Burlington Stores from $285.00 to $305.00 and gave the company an “overweight” rating in a research note on Wednesday, November 27th. Barclays cut their price target on Burlington Stores from $327.00 to $317.00 and set an “overweight” rating for the company in a research note on Wednesday, November 27th. Finally, Evercore ISI lifted their price objective on shares of Burlington Stores from $315.00 to $340.00 and gave the company an “outperform” rating in a research report on Wednesday, November 27th. One research analyst has rated the stock with a hold rating and fifteen have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $317.87.

Insider Activity at Burlington Stores

In other Burlington Stores news, CMO Jennifer Vecchio sold 494 shares of the stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $284.95, for a total transaction of $140,765.30. Following the sale, the chief marketing officer now owns 59,437 shares in the company, valued at approximately $16,936,573.15. This represents a 0.82 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.91% of the stock is owned by corporate insiders.

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.