Burlington Stores, Inc. (NYSE:BURL) Shares Sold by Savoir Faire Capital Management L.P.

Savoir Faire Capital Management L.P. trimmed its position in shares of Burlington Stores, Inc. (NYSE:BURL - Free Report) by 56.6% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 5,309 shares of the company's stock after selling 6,929 shares during the period. Savoir Faire Capital Management L.P.'s holdings in Burlington Stores were worth $1,399,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the company. Crewe Advisors LLC acquired a new position in Burlington Stores during the second quarter valued at approximately $25,000. ORG Partners LLC purchased a new stake in Burlington Stores during the 2nd quarter worth $38,000. UMB Bank n.a. increased its holdings in Burlington Stores by 391.7% in the 3rd quarter. UMB Bank n.a. now owns 177 shares of the company's stock valued at $47,000 after purchasing an additional 141 shares in the last quarter. Blue Trust Inc. increased its holdings in Burlington Stores by 619.2% in the 2nd quarter. Blue Trust Inc. now owns 187 shares of the company's stock valued at $43,000 after purchasing an additional 161 shares in the last quarter. Finally, American National Bank purchased a new position in Burlington Stores in the second quarter valued at about $47,000.

Analysts Set New Price Targets

A number of research firms have recently issued reports on BURL. Wells Fargo & Company increased their target price on Burlington Stores from $300.00 to $325.00 and gave the company an "overweight" rating in a research note on Friday, August 23rd. Evercore ISI lifted their price objective on shares of Burlington Stores from $300.00 to $315.00 and gave the company an "outperform" rating in a research note on Friday, August 30th. Gordon Haskett raised shares of Burlington Stores from a "hold" rating to a "buy" rating and set a $300.00 target price on the stock in a research report on Monday, August 19th. Telsey Advisory Group reaffirmed an "outperform" rating and set a $300.00 price target on shares of Burlington Stores in a research note on Thursday, August 29th. Finally, Morgan Stanley boosted their price objective on shares of Burlington Stores from $284.00 to $300.00 and gave the stock an "overweight" rating in a report on Friday, August 30th. Two research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company's stock. According to MarketBeat, Burlington Stores currently has a consensus rating of "Moderate Buy" and an average price target of $297.56.

Insiders Place Their Bets

In other Burlington Stores news, Director Paul Sullivan sold 1,705 shares of the firm's stock in a transaction on Thursday, September 19th. The stock was sold at an average price of $277.05, for a total value of $472,370.25. Following the sale, the director now directly owns 7,393 shares in the company, valued at approximately $2,048,230.65. This trade represents a 18.74 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 0.91% of the stock is currently owned by corporate insiders.

Burlington Stores Stock Performance

Shares of NYSE BURL traded up $2.26 during trading on Tuesday, reaching $274.06. The stock had a trading volume of 1,018,719 shares, compared to its average volume of 886,169. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.48 and a current ratio of 1.04. The stock has a market cap of $17.45 billion, a PE ratio of 41.21, a P/E/G ratio of 1.37 and a beta of 1.64. Burlington Stores, Inc. has a one year low of $133.09 and a one year high of $282.49. The firm's 50 day moving average price is $261.18 and its two-hundred day moving average price is $246.19.

Burlington Stores (NYSE:BURL - Get Free Report) last issued its earnings results on Thursday, August 29th. The company reported $1.20 earnings per share for the quarter, topping analysts' consensus estimates of $0.95 by $0.25. Burlington Stores had a net margin of 4.18% and a return on equity of 47.43%. The company had revenue of $2.47 billion for the quarter, compared to analysts' expectations of $2.42 billion. During the same period in the prior year, the company earned $0.60 earnings per share. The firm's revenue was up 13.4% compared to the same quarter last year. On average, research analysts forecast that Burlington Stores, Inc. will post 7.93 earnings per share for the current fiscal year.

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.