Janus Henderson Group PLC Sells 239,957 Shares of Burlington Stores, Inc. (NYSE:BURL)

Janus Henderson Group PLC cut its holdings in Burlington Stores, Inc. (NYSE:BURL - Free Report) by 22.2% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 842,188 shares of the company's stock after selling 239,957 shares during the period. Janus Henderson Group PLC owned about 1.32% of Burlington Stores worth $221,899,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of BURL. Massachusetts Financial Services Co. MA grew its holdings in Burlington Stores by 1,048.8% during the third quarter. Massachusetts Financial Services Co. MA now owns 730,524 shares of the company's stock valued at $192,478,000 after purchasing an additional 666,934 shares during the period. AQR Capital Management LLC boosted its holdings in shares of Burlington Stores by 2,542.2% in the second quarter. AQR Capital Management LLC now owns 247,970 shares of the company's stock worth $59,114,000 after acquiring an additional 238,585 shares during the period. Dimensional Fund Advisors LP boosted its holdings in shares of Burlington Stores by 54.8% in the second quarter. Dimensional Fund Advisors LP now owns 587,376 shares of the company's stock worth $140,968,000 after acquiring an additional 207,959 shares during the period. Marshall Wace LLP bought a new position in shares of Burlington Stores in the second quarter worth $47,725,000. Finally, Assenagon Asset Management S.A. boosted its holdings in shares of Burlington Stores by 1,917.3% in the second quarter. Assenagon Asset Management S.A. now owns 207,260 shares of the company's stock worth $49,742,000 after acquiring an additional 196,986 shares during the period.

Analyst Ratings Changes

A number of equities analysts have recently commented on BURL shares. Loop Capital raised their price target on Burlington Stores from $270.00 to $345.00 and gave the stock a "buy" rating in a report on Friday, August 30th. The Goldman Sachs Group increased their price objective on Burlington Stores from $278.00 to $310.00 and gave the stock a "buy" rating in a research report on Friday, August 30th. UBS Group increased their price objective on Burlington Stores from $270.00 to $280.00 and gave the stock a "neutral" rating in a research report on Thursday, November 14th. TD Cowen increased their price objective on Burlington Stores from $288.00 to $334.00 and gave the stock a "buy" rating in a research report on Monday, November 25th. Finally, Barclays lowered their price objective on Burlington Stores from $327.00 to $317.00 and set an "overweight" rating on the stock in a research report on Wednesday, November 27th. Two investment analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $307.69.

Burlington Stores Trading Up 1.8 %

Shares of NYSE BURL traded up $5.19 during trading hours on Wednesday, hitting $291.03. The company's stock had a trading volume of 759,505 shares, compared to its average volume of 902,552. The company has a debt-to-equity ratio of 1.35, a quick ratio of 0.54 and a current ratio of 1.17. The stock has a market cap of $18.47 billion, a price-to-earnings ratio of 39.17, a P/E/G ratio of 1.55 and a beta of 1.64. Burlington Stores, Inc. has a 12 month low of $173.21 and a 12 month high of $298.89. The business has a 50-day simple moving average of $263.53 and a 200-day simple moving average of $252.70.

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

Insider Buying and Selling at Burlington Stores

In related news, Director Paul Sullivan sold 1,705 shares of the company's stock in a transaction that occurred on Thursday, September 19th. The stock was sold at an average price of $277.05, for a total value of $472,370.25. Following the transaction, the director now directly owns 7,393 shares of the company's stock, valued at approximately $2,048,230.65. This represents a 18.74 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CMO Jennifer Vecchio sold 494 shares of the stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $293.89, for a total value of $145,181.66. Following the transaction, the chief marketing officer now directly owns 59,931 shares in the company, valued at $17,613,121.59. The trade was a 0.82 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 2,283 shares of company stock valued at $638,628. 0.91% of the stock is currently owned by corporate insiders.

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.