Burlington Stores, Inc. (NYSE:BURL) Position Lessened by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. cut its holdings in Burlington Stores, Inc. (NYSE:BURL - Free Report) by 1.5% in the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 394,582 shares of the company's stock after selling 6,117 shares during the period. Charles Schwab Investment Management Inc. owned 0.62% of Burlington Stores worth $103,964,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in the business. Crewe Advisors LLC acquired a new stake in shares of Burlington Stores in the second quarter worth approximately $25,000. ORG Partners LLC acquired a new position in shares of Burlington Stores in the 2nd quarter valued at $38,000. Blue Trust Inc. grew its stake in shares of Burlington Stores by 619.2% during the 2nd quarter. Blue Trust Inc. now owns 187 shares of the company's stock valued at $43,000 after buying an additional 161 shares during the period. American National Bank acquired a new stake in shares of Burlington Stores during the 2nd quarter worth $47,000. Finally, UMB Bank n.a. increased its holdings in shares of Burlington Stores by 391.7% during the 3rd quarter. UMB Bank n.a. now owns 177 shares of the company's stock worth $47,000 after buying an additional 141 shares during the last quarter.

Burlington Stores Stock Up 0.6 %

BURL stock traded up $1.66 during midday trading on Wednesday, hitting $288.60. 1,221,711 shares of the company's stock were exchanged, compared to its average volume of 901,677. The firm 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 12-month low of $168.49 and a 12-month high of $298.89. The stock has a market capitalization of $18.37 billion, a price-to-earnings ratio of 43.03, a price-to-earnings-growth ratio of 1.48 and a beta of 1.64. The company has a current ratio of 1.04, a quick ratio of 0.48 and a debt-to-equity ratio of 1.15.

Burlington Stores (NYSE:BURL - Get Free Report) last issued its quarterly earnings results on Tuesday, November 26th. The company reported $1.55 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.53 by $0.02. Burlington Stores had a net margin of 4.18% and a return on equity of 47.43%. The business had revenue of $2.53 billion during the quarter, compared to analyst estimates of $2.55 billion. During the same quarter in the previous year, the firm earned $0.98 earnings per share. The business's revenue was up 10.5% compared to the same quarter last year. On average, analysts anticipate that Burlington Stores, Inc. will post 7.94 EPS for the current year.

Insider Activity

In other Burlington Stores news, Director Paul Sullivan sold 1,705 shares of the business's stock in a transaction on Thursday, September 19th. The shares were sold at an average price of $277.05, for a total transaction of $472,370.25. Following the completion of the sale, the director now owns 7,393 shares in the company, valued at $2,048,230.65. The trade was a 18.74 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 0.91% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the company. StockNews.com downgraded Burlington Stores from a "buy" rating to a "hold" rating in a research report on Wednesday, October 23rd. Loop Capital boosted their target price on Burlington Stores from $270.00 to $345.00 and gave the stock a "buy" rating in a report on Friday, August 30th. UBS Group raised their price target on shares of Burlington Stores from $270.00 to $280.00 and gave the company a "neutral" rating in a report on Thursday, November 14th. Citigroup lifted their price target on shares of Burlington Stores from $313.00 to $344.00 and gave the company a "buy" rating in a research report on Wednesday. Finally, Wells Fargo & Company raised their target price on shares of Burlington Stores from $300.00 to $325.00 and gave the company an "overweight" rating in a research note on Friday, August 23rd. Two equities research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $307.69.

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.