Janney Montgomery Scott LLC Buys 2,123 Shares of Burlington Stores, Inc. (NYSE:BURL)

Janney Montgomery Scott LLC lifted its position in shares of Burlington Stores, Inc. (NYSE:BURL - Free Report) by 90.0% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,482 shares of the company's stock after buying an additional 2,123 shares during the period. Janney Montgomery Scott LLC's holdings in Burlington Stores were worth $1,181,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of BURL. Crewe Advisors LLC bought a new position in shares of Burlington Stores during the second quarter valued at about $25,000. ORG Partners LLC bought a new stake in Burlington Stores in the second quarter valued at approximately $38,000. Blue Trust Inc. boosted its stake in shares of Burlington Stores by 619.2% during the second quarter. Blue Trust Inc. now owns 187 shares of the company's stock valued at $43,000 after purchasing an additional 161 shares during the period. American National Bank bought a new position in shares of Burlington Stores in the second quarter worth approximately $47,000. Finally, UMB Bank n.a. increased its stake in shares of Burlington Stores by 391.7% in 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 during the period.

Insider Activity at Burlington Stores

In other news, Director Paul Sullivan sold 1,705 shares of the firm's stock in a transaction dated Thursday, September 19th. The shares were 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 of the company's stock, valued at $2,048,230.65. This trade represents a 18.74 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.91% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on BURL shares. Wells Fargo & Company increased their price target on shares of Burlington Stores from $300.00 to $325.00 and gave the company an "overweight" rating in a research report on Friday, August 23rd. TD Cowen raised their target price on Burlington Stores from $279.00 to $288.00 and gave the stock a "buy" rating in a research note on Friday, August 30th. JPMorgan Chase & Co. upped their price target on Burlington Stores from $284.00 to $288.00 and gave the company an "overweight" rating in a research report on Monday, July 22nd. Bank of America lifted their price objective on Burlington Stores from $275.00 to $315.00 and gave the stock a "buy" rating in a research report 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 report on Friday, August 30th. Two analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. According to MarketBeat.com, Burlington Stores has a consensus rating of "Moderate Buy" and a consensus target price of $297.56.

Burlington Stores Stock Down 0.2 %

Shares of NYSE BURL traded down $0.65 on Friday, reaching $268.94. 646,518 shares of the company's stock traded hands, compared to its average volume of 886,894. The business's 50 day simple moving average is $260.80 and its two-hundred day simple moving average is $244.48. Burlington Stores, Inc. has a 12 month low of $128.57 and a 12 month high of $282.49. The company has a market cap of $17.12 billion, a price-to-earnings ratio of 40.44, a price-to-earnings-growth ratio of 1.36 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 (NYSE:BURL - Get Free Report) last released its earnings results on Thursday, August 29th. The company reported $1.20 EPS for the quarter, topping analysts' consensus estimates of $0.95 by $0.25. The firm had revenue of $2.47 billion for the quarter, compared to analysts' expectations of $2.42 billion. Burlington Stores had a return on equity of 47.43% and a net margin of 4.18%. The company's quarterly revenue was up 13.4% on a year-over-year basis. During the same period in the prior year, the firm posted $0.60 earnings per share. As a group, equities research analysts forecast that Burlington Stores, Inc. will post 7.93 EPS for the current fiscal 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.