Envestnet Asset Management Inc. Purchases 1,093 Shares of Burlington Stores Inc (NYSE:BURL)

Envestnet Asset Management Inc. raised its position in Burlington Stores Inc (NYSE:BURL) by 1.7% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 64,958 shares of the company’s stock after buying an additional 1,093 shares during the quarter. Envestnet Asset Management Inc.’s holdings in Burlington Stores were worth $12,980,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the business. Toth Financial Advisory Corp bought a new position in Burlington Stores in the 3rd quarter valued at about $250,000. Tributary Capital Management LLC bought a new position in Burlington Stores in the 3rd quarter valued at about $1,579,000. Gateway Investment Advisers LLC increased its holdings in Burlington Stores by 0.6% in the 3rd quarter. Gateway Investment Advisers LLC now owns 20,224 shares of the company’s stock valued at $4,041,000 after buying an additional 123 shares during the period. We Are One Seven LLC increased its holdings in Burlington Stores by 3.3% in the 3rd quarter. We Are One Seven LLC now owns 4,167 shares of the company’s stock valued at $833,000 after buying an additional 134 shares during the period. Finally, Scout Investments Inc. bought a new position in Burlington Stores in the 3rd quarter valued at about $23,433,000.

BURL opened at $195.73 on Friday. The company’s 50 day moving average is $198.39 and its 200-day moving average is $177.38. Burlington Stores Inc has a 1-year low of $136.30 and a 1-year high of $209.36. The company has a current ratio of 0.90, a quick ratio of 0.28 and a debt-to-equity ratio of 9.99. The company has a market cap of $12.81 billion, a P/E ratio of 30.39, a PEG ratio of 1.69 and a beta of 0.24.

Burlington Stores (NYSE:BURL) last posted its earnings results on Thursday, August 29th. The company reported $1.36 EPS for the quarter, topping the consensus estimate of $1.15 by $0.21. Burlington Stores had a net margin of 6.11% and a return on equity of 163.50%. The business had revenue of $1.66 billion for the quarter, compared to the consensus estimate of $1.64 billion. During the same period last year, the company earned $1.09 EPS. The firm’s revenue was up 10.1% compared to the same quarter last year. On average, equities analysts forecast that Burlington Stores Inc will post 7.22 EPS for the current year.

In related news, CMO Jennifer Vecchio sold 15,000 shares of Burlington Stores stock in a transaction that occurred on Thursday, September 26th. The shares were sold at an average price of $198.87, for a total transaction of $2,983,050.00. Following the sale, the chief marketing officer now directly owns 59,637 shares in the company, valued at approximately $11,860,010.19. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, SVP Thomas Kingsbury sold 2,000 shares of Burlington Stores stock in a transaction that occurred on Friday, August 30th. The stock was sold at an average price of $41.12, for a total transaction of $82,240.00. Following the sale, the senior vice president now owns 3,092 shares in the company, valued at $127,143.04. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 102,676 shares of company stock worth $20,135,128. 1.86% of the stock is owned by corporate insiders.

BURL has been the topic of several recent analyst reports. UBS Group raised shares of Burlington Stores from a “sell” rating to a “neutral” rating and raised their target price for the company from $121.00 to $200.00 in a report on Tuesday, September 17th. DA Davidson raised their price target on shares of Burlington Stores from $193.00 to $235.00 and gave the company a “buy” rating in a research note on Friday, August 30th. Morgan Stanley raised their price target on shares of Burlington Stores from $168.00 to $225.00 and gave the company an “overweight” rating in a research note on Friday, August 30th. Robert W. Baird set a $215.00 price target on shares of Burlington Stores and gave the company a “buy” rating in a research note on Tuesday, September 17th. Finally, Goldman Sachs Group set a $197.00 price target on shares of Burlington Stores and gave the company a “hold” rating in a research note on Friday, August 30th. They noted that the move was a valuation call. Eight equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $208.39.

Burlington Stores Profile

Burlington Stores, Inc operates as a retailer of branded apparel products in the United States. The company offers fashion-focused merchandise, including women's ready-to-wear apparel, accessories, footwear, menswear, youth apparel, coats, toys, and gifts, as well as baby, home, and beauty products.

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Institutional Ownership by Quarter for Burlington Stores (NYSE:BURL)

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