60,794 Shares in Burlington Stores, Inc. (NYSE:BURL) Bought by Raymond James Financial Inc.

Raymond James Financial Inc. acquired a new position in Burlington Stores, Inc. (NYSE:BURL - Free Report) during the fourth 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 quarter.

Several other large investors also recently added to or reduced their stakes in BURL. Geode Capital Management LLC lifted its stake in shares of Burlington Stores by 1.7% during the 3rd quarter. Geode Capital Management LLC now owns 1,074,960 shares of the company's stock valued at $282,582,000 after buying an additional 18,160 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its holdings in Burlington Stores by 1,048.8% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 730,524 shares of the company's stock worth $192,478,000 after purchasing an additional 666,934 shares in the last quarter. Jennison Associates LLC raised its position in shares of Burlington Stores by 2.4% during the third quarter. Jennison Associates LLC now owns 510,074 shares of the company's stock valued at $134,394,000 after buying an additional 12,143 shares during the last quarter. Artemis Investment Management LLP lifted its holdings in shares of Burlington Stores by 6.6% in the fourth quarter. Artemis Investment Management LLP now owns 396,938 shares of the company's stock worth $113,151,000 after buying an additional 24,576 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its position in shares of Burlington Stores by 0.3% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 395,950 shares of the company's stock worth $112,870,000 after acquiring an additional 1,368 shares during the last quarter.

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Burlington Stores Trading Down 1.0 %

Burlington Stores stock traded down $2.41 during mid-day trading on Friday, hitting $234.16. The company's stock had a trading volume of 1,283,163 shares, compared to its average volume of 935,459. Burlington Stores, Inc. has a one year low of $174.64 and a one year high of $298.89. The stock has a market cap of $14.86 billion, a PE ratio of 32.08, a P/E/G ratio of 1.11 and a beta of 1.73. The company has a 50 day moving average of $259.14 and a 200-day moving average of $267.29. The company has a debt-to-equity ratio of 1.35, a quick ratio of 0.54 and a current ratio of 1.17.

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

Insider Buying and Selling at Burlington Stores

In other Burlington Stores news, CMO Jennifer Vecchio sold 494 shares of the firm's stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $284.95, for a total transaction of $140,765.30. Following the transaction, the chief marketing officer now owns 59,437 shares of the company's stock, valued at approximately $16,936,573.15. This trade represents a 0.82 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.91% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

BURL has been the topic of several research analyst reports. Telsey Advisory Group reiterated an "outperform" rating and issued a $340.00 price target on shares of Burlington Stores in a research note on Thursday, March 6th. Robert W. Baird increased their price target on Burlington Stores from $330.00 to $335.00 and gave the company an "outperform" rating in a research note on Friday, March 7th. Evercore ISI raised their price target on Burlington Stores from $315.00 to $340.00 and gave the company an "outperform" rating in a report on Wednesday, November 27th. Morgan Stanley upped their price objective on Burlington Stores from $296.00 to $297.00 and gave the stock an "overweight" rating in a report on Friday, March 7th. Finally, Citigroup cut their target price on shares of Burlington Stores from $344.00 to $340.00 and set a "buy" rating for the company in a report on Friday, March 7th. One analyst has rated the stock with a hold rating and fifteen have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $323.20.

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.