Burlington Stores, Inc. (NYSE:BURL) Shares Sold by Wealthfront Advisers LLC

Wealthfront Advisers LLC reduced its position in Burlington Stores, Inc. (NYSE:BURL) by 5.6% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 14,352 shares of the company’s stock after selling 851 shares during the quarter. Wealthfront Advisers LLC’s holdings in Burlington Stores were worth $3,421,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently modified their holdings of the company. Golden State Wealth Management LLC raised its stake in shares of Burlington Stores by 258.6% in the 1st quarter. Golden State Wealth Management LLC now owns 104 shares of the company’s stock valued at $25,000 after purchasing an additional 75 shares during the period. Farther Finance Advisors LLC raised its position in shares of Burlington Stores by 104.5% during the 4th quarter. Farther Finance Advisors LLC now owns 135 shares of the company’s stock valued at $38,000 after buying an additional 69 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new position in shares of Burlington Stores during the fourth quarter valued at about $75,000. Blue Trust Inc. raised its holdings in shares of Burlington Stores by 35.9% during the first quarter. Blue Trust Inc. now owns 352 shares of the company’s stock valued at $84,000 after purchasing an additional 93 shares during the last quarter. Finally, Fifth Third Bancorp grew its position in Burlington Stores by 19.8% during the first quarter. Fifth Third Bancorp now owns 514 shares of the company’s stock valued at $123,000 after buying an additional 85 shares during the period.

Burlington Stores Price Performance

NYSE:BURL opened at $262.92 on Friday. The firm’s fifty day moving average is $243.71 and its two-hundred day moving average is $248.90. The company has a debt-to-equity ratio of 1.21, a quick ratio of 0.39 and a current ratio of 1.06. Burlington Stores, Inc. has a one year low of $212.92 and a one year high of $298.89. The firm has a market cap of $16.59 billion, a price-to-earnings ratio of 32.26, a PEG ratio of 2.22 and a beta of 1.64.

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

Analysts Set New Price Targets

BURL has been the topic of a number of research analyst reports. JPMorgan Chase & Co. lifted their price target on shares of Burlington Stores from $287.00 to $327.00 and gave the company an “overweight” rating in a research note on Monday, May 19th. Robert W. Baird dropped their price target on Burlington Stores from $335.00 to $325.00 and set an “outperform” rating for the company in a research report on Friday, May 30th. UBS Group set a $390.00 price objective on Burlington Stores and gave the stock a “buy” rating in a report on Monday. Barclays upped their price objective on Burlington Stores from $254.00 to $299.00 and gave the company an “overweight” rating in a report on Friday, May 30th. Finally, Loop Capital lowered their price objective on Burlington Stores from $315.00 to $305.00 and set a “buy” rating on the stock in a report on Friday, May 30th. One equities research analyst has rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, Burlington Stores presently has an average rating of “Moderate Buy” and a consensus price target of $316.36.

Insider Transactions at Burlington Stores

In related news, CMO Jennifer Vecchio sold 420 shares of Burlington Stores stock in a transaction that occurred on Tuesday, July 1st. The stock was sold at an average price of $236.64, for a total transaction of $99,388.80. Following the sale, the chief marketing officer directly owned 65,429 shares in the company, valued at $15,483,118.56. The trade was a 0.64% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CAO Stephen Ferroni sold 450 shares of the business’s stock in a transaction dated 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 sale, the chief accounting officer owned 2,389 shares in the company, valued at $576,680.71. This represents a 15.85% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 1,060 shares of company stock valued at $253,164 over the last ninety days. 1.10% of the stock is owned by company 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.