Merit Financial Group LLC Makes New $337,000 Investment in Burlington Stores, Inc. (NYSE:BURL)

Merit Financial Group LLC acquired a new stake in Burlington Stores, Inc. (NYSE:BURL - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 1,182 shares of the company's stock, valued at approximately $337,000.

Other institutional investors have also recently modified their holdings of the company. RPg Family Wealth Advisory LLC acquired a new stake in Burlington Stores during the 3rd quarter worth about $26,000. Fortitude Family Office LLC grew its holdings in Burlington Stores by 148.6% during the fourth quarter. Fortitude Family Office LLC now owns 92 shares of the company's stock worth $26,000 after acquiring an additional 55 shares during the period. Brooklyn Investment Group acquired a new position in Burlington Stores in the third quarter valued at approximately $33,000. UMB Bank n.a. boosted its position in Burlington Stores by 391.7% in the 3rd quarter. UMB Bank n.a. now owns 177 shares of the company's stock worth $47,000 after purchasing an additional 141 shares in the last quarter. Finally, AM Squared Ltd acquired a new stake in shares of Burlington Stores during the 3rd quarter worth approximately $53,000.

Burlington Stores Price Performance

Shares of NYSE:BURL traded up $0.01 during midday trading on Friday, hitting $291.94. The company had a trading volume of 477,623 shares, compared to its average volume of 579,730. The business's 50-day simple moving average is $286.79 and its 200-day simple moving average is $268.98. The stock has a market cap of $18.53 billion, a price-to-earnings ratio of 39.99, a price-to-earnings-growth ratio of 1.55 and a beta of 1.63. The company has a debt-to-equity ratio of 1.35, a current ratio of 1.17 and a quick ratio of 0.54. Burlington Stores, Inc. has a twelve month low of $174.64 and a twelve month high of $298.89.

Burlington Stores (NYSE:BURL - Get Free Report) last posted its quarterly earnings results on Tuesday, November 26th. The company reported $1.55 EPS for the quarter, topping 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 analyst estimates of $2.55 billion. During the same quarter in the previous year, the firm earned $0.98 EPS. The company's quarterly revenue was up 10.5% compared to the same quarter last year. On average, research analysts predict that Burlington Stores, Inc. will post 7.93 earnings per share for the current year.

Analysts Set New Price Targets

Several research firms recently issued reports on BURL. Telsey Advisory Group reiterated an "outperform" rating and issued a $310.00 target price on shares of Burlington Stores in a research note on Tuesday, November 26th. Citigroup increased their target price on shares of Burlington Stores from $313.00 to $344.00 and gave the stock a "buy" rating in a research note on Wednesday, November 27th. UBS Group raised Burlington Stores from a "neutral" rating to a "buy" rating and upped their price target for the stock from $280.00 to $360.00 in a report on Friday, January 10th. Evercore ISI raised their price objective on Burlington Stores from $315.00 to $340.00 and gave the company an "outperform" rating in a report on Wednesday, November 27th. Finally, StockNews.com cut shares of Burlington Stores from a "buy" rating to a "hold" rating in a research note on Wednesday, October 23rd. One equities research analyst has rated the stock with a hold rating and fifteen have assigned a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $317.87.

Insider Activity at Burlington Stores

In other news, CMO Jennifer Vecchio sold 494 shares of the firm's stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $284.95, for a total transaction of $140,765.30. Following the completion of the transaction, the chief marketing officer now directly owns 59,437 shares in the company, valued at $16,936,573.15. This trade represents a 0.82 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 0.91% of the stock is owned by insiders.

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.