Trust Point Inc. Makes New $987,000 Investment in Burlington Stores, Inc. (NYSE:BURL)

Trust Point Inc. bought a new stake in Burlington Stores, Inc. (NYSE:BURL) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 3,461 shares of the company’s stock, valued at approximately $987,000.

Other institutional investors have also modified their holdings of the company. Creative Planning lifted its holdings in Burlington Stores by 22.6% in the 2nd quarter. Creative Planning now owns 4,192 shares of the company’s stock valued at $1,006,000 after purchasing an additional 773 shares in the last quarter. Cetera Investment Advisers raised its position in shares of Burlington Stores by 0.5% in the second quarter. Cetera Investment Advisers now owns 12,340 shares of the company’s stock valued at $2,962,000 after buying an additional 61 shares during the last quarter. Sanctuary Advisors LLC acquired a new stake in shares of Burlington Stores in the second quarter valued at about $488,000. Handelsbanken Fonder AB lifted its stake in shares of Burlington Stores by 0.6% in the third quarter. Handelsbanken Fonder AB now owns 16,000 shares of the company’s stock worth $4,216,000 after buying an additional 100 shares in the last quarter. Finally, GAMMA Investing LLC boosted its position in Burlington Stores by 63.6% during the third quarter. GAMMA Investing LLC now owns 512 shares of the company’s stock worth $135,000 after acquiring an additional 199 shares during the last quarter.

Burlington Stores Stock Down 0.6 %

Shares of NYSE BURL opened at $272.04 on Wednesday. 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 business’s 50 day moving average is $287.56 and its two-hundred day moving average is $270.92. Burlington Stores, Inc. has a 52-week low of $174.64 and a 52-week high of $298.89. The firm has a market cap of $17.27 billion, a price-to-earnings ratio of 37.27, a PEG ratio of 1.53 and a beta of 1.62.

Burlington Stores (NYSE:BURL) last posted its quarterly earnings data on Tuesday, November 26th. The company reported $1.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.54 by $0.01. Burlington Stores had a return on equity of 47.52% and a net margin of 4.49%. The firm had revenue of $2.53 billion for the quarter, compared to the consensus estimate of $2.55 billion. During the same quarter in the previous year, the business earned $0.98 EPS. The company’s quarterly revenue was up 10.5% compared to the same quarter last year. Research analysts predict that Burlington Stores, Inc. will post 7.93 EPS for the current year.

Insider Transactions at Burlington Stores

In other news, CMO Jennifer Vecchio sold 494 shares of the company’s stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $284.95, for a total transaction of $140,765.30. Following the sale, the chief marketing officer now owns 59,437 shares of the company’s stock, 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 Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.91% of the company’s stock.

Wall Street Analyst Weigh In

BURL has been the topic of several recent research reports. UBS Group upgraded Burlington Stores from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $280.00 to $360.00 in a report on Friday, January 10th. Evercore ISI boosted their price objective on Burlington Stores from $315.00 to $340.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 27th. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $310.00 target price on shares of Burlington Stores in a research note on Tuesday, November 26th. TD Cowen boosted their price target on shares of Burlington Stores from $334.00 to $339.00 and gave the company a “buy” rating in a research report on Thursday, December 12th. Finally, Morgan Stanley raised their price objective 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. One equities research analyst has rated the stock with a hold rating and fifteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $317.87.

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.