Burlington Stores, Inc. (NYSE:BURL) Shares Bought by Tributary Capital Management LLC

Tributary Capital Management LLC boosted its stake in shares of Burlington Stores, Inc. (NYSE:BURL) by 1.0% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 4,991 shares of the company’s stock after acquiring an additional 50 shares during the quarter. Tributary Capital Management LLC’s holdings in Burlington Stores were worth $1,315,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Crewe Advisors LLC acquired a new stake in shares of Burlington Stores in the 2nd quarter valued at approximately $25,000. ORG Partners LLC purchased a new position in Burlington Stores in the 2nd quarter valued at approximately $38,000. UMB Bank n.a. increased its position in Burlington Stores by 391.7% during the third quarter. UMB Bank n.a. now owns 177 shares of the company’s stock worth $47,000 after buying an additional 141 shares in the last quarter. Blue Trust Inc. increased its position in Burlington Stores by 619.2% during the second 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. Finally, American National Bank purchased a new position in Burlington Stores during the second quarter worth $47,000.

Analysts Set New Price Targets

Several research firms have weighed in on BURL. JPMorgan Chase & Co. raised their price target on Burlington Stores from $284.00 to $288.00 and gave the stock an “overweight” rating in a research report on Monday, July 22nd. Telsey Advisory Group reissued an “outperform” rating and set a $300.00 price target on shares of Burlington Stores in a research report on Thursday, August 29th. Loop Capital lifted their price objective on Burlington Stores from $270.00 to $345.00 and gave the company a “buy” rating in a research report on Friday, August 30th. Barclays upped their target price on Burlington Stores from $274.00 to $327.00 and gave the company an “overweight” rating in a research note on Friday, August 30th. Finally, The Goldman Sachs Group upped their target price on Burlington Stores from $278.00 to $310.00 and gave the company a “buy” rating in a research note on Friday, August 30th. Two investment analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $294.94.

Burlington Stores Trading Down 0.5 %

Shares of BURL stock opened at $251.65 on Monday. The stock has a market cap of $16.06 billion, a price-to-earnings ratio of 42.15, a price-to-earnings-growth ratio of 1.28 and a beta of 1.64. The company has a quick ratio of 0.48, a current ratio of 1.04 and a debt-to-equity ratio of 1.15. Burlington Stores, Inc. has a fifty-two week low of $116.33 and a fifty-two week high of $282.49. The firm’s 50 day moving average price is $264.23 and its two-hundred day moving average price is $237.00.

Burlington Stores (NYSE:BURL) last posted its quarterly earnings data on Thursday, August 29th. The company reported $1.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.95 by $0.25. The company had revenue of $2.47 billion for the quarter, compared to analyst estimates of $2.42 billion. Burlington Stores had a net margin of 4.18% and a return on equity of 47.43%. The business’s quarterly revenue was up 13.4% on a year-over-year basis. During the same quarter last year, the firm posted $0.60 earnings per share. On average, analysts anticipate that Burlington Stores, Inc. will post 7.91 EPS for the current year.

Insiders Place Their Bets

In other Burlington Stores news, CMO Jennifer Vecchio sold 494 shares of the business’s stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of $255.37, for a total transaction of $126,152.78. Following the sale, the chief marketing officer now owns 61,907 shares in the company, valued at approximately $15,809,190.59. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Burlington Stores news, Director Paul Sullivan sold 1,705 shares of the business’s stock in a transaction dated Thursday, September 19th. The stock was sold at an average price of $277.05, for a total transaction of $472,370.25. Following the sale, the director now owns 7,393 shares in the company, valued at approximately $2,048,230.65. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CMO Jennifer Vecchio sold 494 shares of the company’s stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $255.37, for a total value of $126,152.78. Following the completion of the transaction, the chief marketing officer now owns 61,907 shares in the company, valued at $15,809,190.59. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 2,283 shares of company stock worth $619,599. 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.