Parkside Financial Bank & Trust Grows Holdings in Burlington Stores, Inc. (NYSE:BURL)

Parkside Financial Bank & Trust lifted its position in shares of Burlington Stores, Inc. (NYSE:BURL) by 157.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 144 shares of the company’s stock after acquiring an additional 88 shares during the quarter. Parkside Financial Bank & Trust’s holdings in Burlington Stores were worth $41,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of BURL. IFP Advisors Inc raised 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 purchasing an additional 40 shares during the period. RPg Family Wealth Advisory LLC purchased a new stake in shares of Burlington Stores in the third quarter valued at approximately $26,000. Fortitude Family Office LLC raised its stake in shares of Burlington Stores by 148.6% during the 4th quarter. Fortitude Family Office LLC now owns 92 shares of the company’s stock worth $26,000 after buying an additional 55 shares during the period. Stonebridge Financial Group LLC purchased a new position in shares of Burlington Stores during the 4th quarter valued at approximately $31,000. Finally, Brooklyn Investment Group acquired a new stake in Burlington Stores in the 3rd quarter valued at $33,000.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the stock. TD Cowen upped their price objective on shares of Burlington Stores from $334.00 to $339.00 and gave the stock a “buy” rating in a research report on Thursday, December 12th. Morgan Stanley upped their price target on shares of Burlington Stores from $285.00 to $305.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 27th. Robert W. Baird lifted their price objective on Burlington Stores from $315.00 to $330.00 and gave the stock an “outperform” rating in a report on Wednesday, November 27th. Barclays reduced their target price on Burlington Stores from $327.00 to $317.00 and set an “overweight” rating for the company in a report on Wednesday, November 27th. Finally, UBS Group raised Burlington Stores from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $280.00 to $360.00 in a research note on Friday, January 10th. One equities research analyst has rated the stock with a hold rating and fifteen have issued a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $319.87.

Burlington Stores Stock Down 5.5 %

NYSE BURL opened at $235.67 on Tuesday. The business’s fifty day simple moving average is $272.22 and its 200-day simple moving average is $270.26. 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 firm has a market cap of $14.96 billion, a PE ratio of 32.28, a P/E/G ratio of 1.11 and a beta of 1.62. Burlington Stores, Inc. has a 52 week low of $174.64 and a 52 week high of $298.89.

Insider Buying and Selling

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

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.