RPg Family Wealth Advisory LLC Acquires Shares of 100 Burlington Stores, Inc. (NYSE:BURL)

RPg Family Wealth Advisory LLC bought a new position in Burlington Stores, Inc. (NYSE:BURL) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 100 shares of the company’s stock, valued at approximately $26,000.

Several other institutional investors and hedge funds have also recently modified their holdings of BURL. Crewe Advisors LLC purchased a new position in Burlington Stores in the 2nd quarter worth approximately $25,000. Brooklyn Investment Group purchased a new position in shares of Burlington Stores in the third quarter worth $33,000. ORG Partners LLC bought a new position in shares of Burlington Stores during the second quarter valued at $38,000. UMB Bank n.a. boosted its position in shares of Burlington Stores by 391.7% during the third 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, Blue Trust Inc. increased its holdings in Burlington Stores by 619.2% in the 2nd quarter. Blue Trust Inc. now owns 187 shares of the company’s stock worth $43,000 after buying an additional 161 shares in the last quarter.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the stock. Robert W. Baird boosted their price objective on shares of Burlington Stores from $315.00 to $330.00 and gave the company an “outperform” rating in a report on Wednesday. Wells Fargo & Company boosted their price objective on shares of Burlington Stores from $300.00 to $325.00 and gave the company an “overweight” rating in a research report on Friday, August 23rd. Gordon Haskett upgraded Burlington Stores from a “hold” rating to a “buy” rating and set a $300.00 target price on the stock in a research report on Monday, August 19th. StockNews.com cut shares of Burlington Stores from a “buy” rating to a “hold” rating in a research report on Wednesday, October 23rd. Finally, Barclays dropped their target price on shares of Burlington Stores from $327.00 to $317.00 and set an “overweight” rating for the company in a research report on Wednesday. Two equities research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $307.69.

Burlington Stores Price Performance

Shares of BURL stock opened at $288.60 on Thursday. The stock has a 50 day moving average price of $262.06 and a 200 day moving average price of $249.44. Burlington Stores, Inc. has a 52-week low of $168.49 and a 52-week high of $298.89. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.48 and a current ratio of 1.04. The firm has a market capitalization of $18.37 billion, a P/E ratio of 43.40, a P/E/G ratio of 1.48 and a beta of 1.64.

Burlington Stores (NYSE:BURL) last released its earnings results on Tuesday, November 26th. The company reported $1.55 earnings per share for the quarter, topping the consensus estimate of $1.53 by $0.02. The business had revenue of $2.53 billion during the quarter, compared to the consensus estimate of $2.55 billion. Burlington Stores had a return on equity of 47.43% and a net margin of 4.18%. The business’s revenue for the quarter was up 10.5% compared to the same quarter last year. During the same period last year, the company earned $0.98 earnings per share. As a group, sell-side analysts predict that Burlington Stores, Inc. will post 7.94 earnings per share for the current year.

Insider Activity at Burlington Stores

In other Burlington Stores news, Director Paul Sullivan sold 1,705 shares of the firm’s stock in a transaction dated Thursday, September 19th. The shares were sold at an average price of $277.05, for a total transaction of $472,370.25. Following the transaction, the director now owns 7,393 shares of the company’s stock, valued at approximately $2,048,230.65. This trade represents a 18.74 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.91% of the stock is currently 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.