Capital Group Private Client Services Inc. Sells 1,262 Shares of Burlington Stores, Inc. (NYSE:BURL)

Capital Group Private Client Services Inc. lowered its holdings in Burlington Stores, Inc. (NYSE:BURL - Free Report) by 2.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 51,629 shares of the company's stock after selling 1,262 shares during the period. Capital Group Private Client Services Inc. owned approximately 0.08% of Burlington Stores worth $14,717,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of BURL. Stifel Financial Corp grew its holdings in Burlington Stores by 178.5% during the 3rd quarter. Stifel Financial Corp now owns 4,713 shares of the company's stock valued at $1,242,000 after buying an additional 3,021 shares in the last quarter. MML Investors Services LLC increased its holdings in shares of Burlington Stores by 13.0% in the 3rd quarter. MML Investors Services LLC now owns 2,675 shares of the company's stock worth $705,000 after buying an additional 308 shares during the last quarter. Sanctuary Advisors LLC raised its position in shares of Burlington Stores by 30.7% during the 3rd quarter. Sanctuary Advisors LLC now owns 2,656 shares of the company's stock valued at $760,000 after buying an additional 624 shares in the last quarter. Wilmington Savings Fund Society FSB bought a new stake in shares of Burlington Stores during the 3rd quarter worth $57,000. Finally, Logan Capital Management Inc. increased its position in shares of Burlington Stores by 9.1% during the 3rd quarter. Logan Capital Management Inc. now owns 56,354 shares of the company's stock valued at $14,848,000 after purchasing an additional 4,695 shares during the last quarter.

Analyst Ratings Changes

A number of brokerages have recently issued reports on BURL. Telsey Advisory Group reaffirmed an "outperform" rating and issued a $340.00 price objective on shares of Burlington Stores in a research note on Thursday, March 6th. Citigroup cut their price objective on Burlington Stores from $344.00 to $340.00 and set a "buy" rating on the stock in a research report on Friday, March 7th. Barclays increased their price target on shares of Burlington Stores from $317.00 to $329.00 and gave the stock an "overweight" rating in a research note on Friday, March 7th. JPMorgan Chase & Co. lowered their price objective on Burlington Stores from $336.00 to $287.00 and set an "overweight" rating for the company in a research report on Monday, April 14th. Finally, UBS Group upped their price target on Burlington Stores from $360.00 to $405.00 and gave the stock a "buy" rating in a research note on Friday, March 7th. One analyst has rated the stock with a hold rating and fifteen have given a buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $323.13.

Insider Activity at Burlington Stores

In other Burlington Stores news, CMO Jennifer Vecchio sold 493 shares of the stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $275.75, for a total transaction of $135,944.75. Following the completion of the transaction, the chief marketing officer now owns 58,944 shares in the company, valued at $16,253,808. This trade represents a 0.83 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 1.10% of the stock is currently owned by insiders.

Burlington Stores Price Performance

Shares of NYSE:BURL traded up $5.36 during midday trading on Thursday, reaching $223.26. 408,743 shares of the company were exchanged, compared to its average volume of 978,882. The company has a current ratio of 1.17, a quick ratio of 0.54 and a debt-to-equity ratio of 1.35. The stock has a market cap of $14.06 billion, a PE ratio of 30.57, a price-to-earnings-growth ratio of 1.11 and a beta of 1.65. The business's fifty day moving average is $237.06 and its two-hundred day moving average is $261.36. Burlington Stores, Inc. has a one year low of $174.64 and a one year high of $298.89.

Burlington Stores (NYSE:BURL - Get Free Report) last issued its quarterly earnings data on Thursday, March 6th. The company reported $4.07 earnings per share for the quarter, beating analysts' consensus estimates of $3.75 by $0.32. The firm had revenue of $3.28 billion during the quarter, compared to analyst estimates of $3.25 billion. Burlington Stores had a return on equity of 47.52% and a net margin of 4.49%. As a group, analysts predict that Burlington Stores, Inc. will post 7.93 earnings per share for the current year.

About Burlington Stores

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.