Raymond James Financial Inc. Acquires Shares of 60,794 Burlington Stores, Inc. (NYSE:BURL)

Raymond James Financial Inc. acquired a new position in Burlington Stores, Inc. (NYSE:BURL - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 60,794 shares of the company's stock, valued at approximately $17,330,000. Raymond James Financial Inc. owned about 0.10% of Burlington Stores at the end of the most recent reporting period.

Several other large investors have also modified their holdings of BURL. IFP Advisors Inc grew its stake in Burlington Stores by 81.6% in the 4th quarter. IFP Advisors Inc now owns 89 shares of the company's stock worth $25,000 after acquiring an additional 40 shares in the last quarter. Fortitude Family Office LLC raised its position in Burlington Stores by 148.6% during the 4th quarter. Fortitude Family Office LLC now owns 92 shares of the company's stock valued at $26,000 after purchasing an additional 55 shares in the last quarter. Stonebridge Financial Group LLC bought a new position in shares of Burlington Stores during the 4th quarter worth $31,000. Farther Finance Advisors LLC increased its stake in shares of Burlington Stores by 104.5% during the fourth quarter. Farther Finance Advisors LLC now owns 135 shares of the company's stock valued at $38,000 after buying an additional 69 shares during the period. Finally, Parkside Financial Bank & Trust raised its holdings in shares of Burlington Stores by 157.1% in the fourth quarter. Parkside Financial Bank & Trust now owns 144 shares of the company's stock valued at $41,000 after acquiring an additional 88 shares in the last quarter.

Burlington Stores Stock Performance

BURL stock traded up $3.89 during trading on Thursday, hitting $221.79. 673,000 shares of the company traded hands, compared to its average volume of 1,194,413. 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 1 year low of $174.64 and a 1 year high of $298.89. The stock's 50-day simple moving average is $237.06 and its 200 day simple moving average is $261.36. The company has a market cap of $13.97 billion, a PE ratio of 30.38, a P/E/G ratio of 1.11 and a beta of 1.65.

Burlington Stores (NYSE:BURL - Get Free Report) last announced its quarterly earnings results on Thursday, March 6th. The company reported $4.07 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $3.75 by $0.32. Burlington Stores had a net margin of 4.49% and a return on equity of 47.52%. The firm had revenue of $3.28 billion for the quarter, compared to the consensus estimate of $3.25 billion. On average, equities analysts expect that Burlington Stores, Inc. will post 7.93 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, CMO Jennifer Vecchio sold 4,939 shares of Burlington Stores stock in a transaction dated Thursday, March 20th. The shares were sold at an average price of $239.94, for a total value of $1,185,063.66. Following the sale, the chief marketing officer now owns 70,006 shares in the company, valued at $16,797,239.64. This trade represents a 6.59 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 1.10% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

BURL has been the subject of several research reports. UBS Group upped their price target on shares of Burlington Stores from $360.00 to $405.00 and gave the stock a "buy" rating in a research report on Friday, March 7th. JPMorgan Chase & Co. decreased their price objective on Burlington Stores from $336.00 to $287.00 and set an "overweight" rating for the company in a research note on Monday, April 14th. Morgan Stanley lifted their target price on Burlington Stores from $296.00 to $297.00 and gave the company an "overweight" rating in a research note on Friday, March 7th. Telsey Advisory Group reaffirmed an "outperform" rating and issued a $340.00 price objective on shares of Burlington Stores in a research report on Thursday, March 6th. Finally, Citigroup decreased their target price on shares of Burlington Stores from $344.00 to $340.00 and set a "buy" rating for the company in a research report on Friday, March 7th. One research analyst has rated the stock with a hold rating and fifteen have given a buy rating to the company. Based on data from MarketBeat, Burlington Stores has a consensus rating of "Moderate Buy" and an average price target of $323.13.

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.