Sanctuary Advisors LLC Takes Position in Burlington Stores, Inc. (NYSE:BURL)

Sanctuary Advisors LLC bought a new stake in Burlington Stores, Inc. (NYSE:BURL - Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm bought 2,032 shares of the company's stock, valued at approximately $488,000.

Several other institutional investors also recently bought and sold shares of BURL. GAMMA Investing LLC lifted its stake in shares of Burlington Stores by 20.4% during the second quarter. GAMMA Investing LLC now owns 313 shares of the company's stock worth $75,000 after buying an additional 53 shares during the period. Park Avenue Securities LLC lifted its stake in shares of Burlington Stores by 3.4% during the first quarter. Park Avenue Securities LLC now owns 1,661 shares of the company's stock worth $386,000 after buying an additional 54 shares during the period. Signaturefd LLC lifted its stake in shares of Burlington Stores by 9.1% during the second quarter. Signaturefd LLC now owns 648 shares of the company's stock worth $156,000 after buying an additional 54 shares during the period. Cetera Investment Advisers lifted its stake in shares of Burlington Stores by 0.5% during the second quarter. Cetera Investment Advisers now owns 12,340 shares of the company's stock worth $2,962,000 after buying an additional 61 shares during the period. Finally, Atomi Financial Group Inc. lifted its stake in shares of Burlington Stores by 6.5% during the second quarter. Atomi Financial Group Inc. now owns 1,066 shares of the company's stock worth $256,000 after buying an additional 65 shares during the period.

Burlington Stores Price Performance

Shares of BURL stock traded up $6.00 on Wednesday, reaching $259.11. 856,277 shares of the company were exchanged, compared to its average volume of 900,373. The company has a market cap of $16.54 billion, a price-to-earnings ratio of 42.40, a P/E/G ratio of 1.28 and a beta of 1.64. The business has a 50-day moving average price of $264.21 and a 200 day moving average price of $234.26. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.48 and a current ratio of 1.04. Burlington Stores, Inc. has a 1 year low of $116.03 and a 1 year high of $282.49.

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 business had revenue of $2.47 billion during the quarter, compared to analysts' expectations of $2.42 billion. Burlington Stores had a net margin of 4.18% and a return on equity of 47.43%. The company's quarterly revenue was up 13.4% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.60 earnings per share. Equities research analysts forecast that Burlington Stores, Inc. will post 7.91 earnings per share for the current fiscal year.

Analysts Set New Price Targets

BURL has been the subject of several research reports. JPMorgan Chase & Co. lifted their price objective on shares of Burlington Stores from $284.00 to $288.00 and gave the stock an "overweight" rating in a research note on Monday, July 22nd. StockNews.com raised shares of Burlington Stores from a "hold" rating to a "buy" rating in a report on Sunday, September 15th. Loop Capital raised their target price on shares of 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 raised their target price on shares of Burlington Stores from $278.00 to $310.00 and gave the stock a "buy" rating in a report on Friday, August 30th. Finally, Wells Fargo & Company raised their target price on shares of Burlington Stores from $300.00 to $325.00 and gave the stock an "overweight" rating in a report on Friday, August 23rd. One research analyst has rated the stock with a hold rating and sixteen have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Burlington Stores has an average rating of "Moderate Buy" and an average price target of $294.94.

Insider Buying and Selling

In related news, Director Paul Sullivan sold 1,705 shares of the business'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 transaction, the director now directly owns 7,393 shares in the company, valued at approximately $2,048,230.65. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other Burlington Stores news, CMO Jennifer Vecchio sold 494 shares of the business's stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $255.37, for a total value of $126,152.78. Following the transaction, the chief marketing officer now directly owns 61,907 shares in the company, valued at $15,809,190.59. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Paul Sullivan sold 1,705 shares of the business'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 completion of the transaction, the director now owns 7,393 shares in the company, valued at $2,048,230.65. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 2,283 shares of company stock worth $619,599. 0.91% of the stock is owned by 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.