Cwm LLC Buys 2,566 Shares of Burlington Stores, Inc. (NYSE:BURL)

CWM LLC raised its position in shares of Burlington Stores, Inc. (NYSE:BURL - Free Report) by 95.0% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 5,266 shares of the company's stock after purchasing an additional 2,566 shares during the period. CWM LLC's holdings in Burlington Stores were worth $1,387,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Wellington Management Group LLP lifted its stake in shares of Burlington Stores by 12.8% in the 4th quarter. Wellington Management Group LLP now owns 886,603 shares of the company's stock worth $172,427,000 after acquiring an additional 100,823 shares during the period. Vanguard Group Inc. lifted its stake in shares of Burlington Stores by 3.8% in the 4th quarter. Vanguard Group Inc. now owns 6,227,333 shares of the company's stock worth $1,211,092,000 after acquiring an additional 226,804 shares during the period. HighPoint Advisor Group LLC acquired a new stake in Burlington Stores during the fourth quarter valued at approximately $196,000. Nomura Holdings Inc. acquired a new stake in Burlington Stores during the fourth quarter valued at approximately $2,645,000. Finally, Mather Group LLC. acquired a new stake in Burlington Stores during the first quarter valued at approximately $48,000.

Burlington Stores Stock Up 0.7 %

Burlington Stores stock traded up $1.89 during trading hours on Thursday, hitting $261.00. The company had a trading volume of 610,514 shares, compared to its average volume of 898,932. The firm has a market capitalization of $16.66 billion, a P/E ratio of 43.72, a price-to-earnings-growth ratio of 1.28 and a beta of 1.64. The company has a debt-to-equity ratio of 1.15, a current ratio of 1.04 and a quick ratio of 0.48. The firm's fifty day moving average is $264.71 and its 200-day moving average is $234.61. Burlington Stores, Inc. has a fifty-two week low of $116.03 and a fifty-two week high of $282.49.

Burlington Stores (NYSE:BURL - Get Free Report) last released its quarterly earnings data on Thursday, August 29th. The company reported $1.20 earnings per share for the quarter, beating the consensus estimate of $0.95 by $0.25. The firm had revenue of $2.47 billion for the quarter, compared to analyst estimates of $2.42 billion. Burlington Stores had a net margin of 4.18% and a return on equity of 47.43%. The company's revenue for the quarter was up 13.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.60 EPS. On average, research analysts forecast that Burlington Stores, Inc. will post 7.91 earnings per share for the current year.

Analysts Set New Price Targets

Several analysts recently commented on BURL shares. Bank of America increased their target price on shares of Burlington Stores from $275.00 to $315.00 and gave the company a "buy" rating in a research note on Friday, August 30th. StockNews.com raised shares of Burlington Stores from a "hold" rating to a "buy" rating in a research note on Sunday, September 15th. Telsey Advisory Group reissued an "outperform" rating and set a $300.00 target price on shares of Burlington Stores in a research note on Thursday, August 29th. The Goldman Sachs Group increased their target price on shares of Burlington Stores from $278.00 to $310.00 and gave the company a "buy" rating in a research note on Friday, August 30th. Finally, Wells Fargo & Company increased their target price on shares of Burlington Stores from $300.00 to $325.00 and gave the company an "overweight" rating in a research note on Friday, August 23rd. One investment analyst has rated the stock with a hold rating and sixteen have issued a buy rating to the stock. According to MarketBeat, Burlington Stores currently has a consensus rating of "Moderate Buy" and an average price target of $294.94.

Insider Transactions at Burlington Stores

In other news, CMO Jennifer Vecchio sold 494 shares of the stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $255.37, for a total transaction of $126,152.78. Following the transaction, the chief marketing officer now owns 61,907 shares in the company, valued at $15,809,190.59. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other news, CMO Jennifer Vecchio sold 494 shares of the stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $255.37, for a total transaction of $126,152.78. Following the transaction, the chief marketing officer now owns 61,907 shares in the company, valued at $15,809,190.59. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Paul Sullivan sold 1,705 shares of the stock in a transaction on Thursday, September 19th. The stock was sold at an average price of $277.05, for a total transaction of $472,370.25. Following the transaction, the director now owns 7,393 shares in the company, valued at approximately $2,048,230.65. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 2,283 shares of company stock worth $619,599 in the last 90 days. 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.