Burlington Stores, Inc. (NYSE:BURL) Shares Purchased by Logan Capital Management Inc.

Logan Capital Management Inc. grew its holdings in Burlington Stores, Inc. (NYSE:BURL - Free Report) by 9.1% in the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 56,354 shares of the company's stock after buying an additional 4,695 shares during the quarter. Logan Capital Management Inc. owned approximately 0.09% of Burlington Stores worth $14,848,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in BURL. Sequoia Financial Advisors LLC raised its stake in Burlington Stores by 2.8% in the second quarter. Sequoia Financial Advisors LLC now owns 2,623 shares of the company's stock worth $630,000 after buying an additional 71 shares in the last quarter. Wealth Enhancement Advisory Services LLC raised its position in shares of Burlington Stores by 31.3% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 3,311 shares of the company's stock worth $795,000 after acquiring an additional 789 shares in the last quarter. ORG Partners LLC purchased a new position in shares of Burlington Stores in the 2nd quarter valued at approximately $38,000. Envestnet Portfolio Solutions Inc. boosted its position in shares of Burlington Stores by 16.8% during the second quarter. Envestnet Portfolio Solutions Inc. now owns 3,774 shares of the company's stock valued at $906,000 after purchasing an additional 542 shares in the last quarter. Finally, Assenagon Asset Management S.A. grew its stake in 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 purchasing an additional 196,986 shares during the period.

Wall Street Analyst Weigh In

Several brokerages have commented on BURL. Robert W. Baird raised their price objective on Burlington Stores from $315.00 to $330.00 and gave the company an "outperform" rating in a research report on Wednesday, November 27th. Morgan Stanley boosted their price objective on shares of Burlington Stores from $285.00 to $305.00 and gave the stock an "overweight" rating in a research note on Wednesday, November 27th. Loop Capital raised their target price on shares of Burlington Stores from $270.00 to $345.00 and gave the company a "buy" rating in a research note on Friday, August 30th. TD Cowen boosted their price target on Burlington Stores from $334.00 to $339.00 and gave the stock a "buy" rating in a research report on Thursday. Finally, UBS Group raised their price objective on Burlington Stores from $270.00 to $280.00 and gave the company a "neutral" rating in a research report on Thursday, November 14th. Two analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $308.00.

Burlington Stores Trading Up 0.0 %

Shares of NYSE:BURL traded up $0.07 during midday trading on Friday, reaching $289.97. 460,946 shares of the company's stock were exchanged, compared to its average volume of 897,723. Burlington Stores, Inc. has a fifty-two week low of $174.64 and a fifty-two week high of $298.89. The company has a debt-to-equity ratio of 1.35, a current ratio of 1.17 and a quick ratio of 0.54. The firm's 50 day simple moving average is $267.64 and its two-hundred day simple moving average is $257.36. The stock has a market cap of $18.41 billion, a price-to-earnings ratio of 39.72, a P/E/G ratio of 1.58 and a beta of 1.64.

Burlington Stores (NYSE:BURL - Get Free Report) last announced 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 business had revenue of $2.53 billion for the quarter, compared to analysts' expectations of $2.55 billion. During the same period last year, the firm earned $0.98 earnings per share. The company's revenue for the quarter was up 10.5% compared to the same quarter last year. As a group, sell-side analysts forecast that Burlington Stores, Inc. will post 7.93 EPS for the current fiscal year.

Insider Activity

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

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.