Burlington Stores, Inc. (NYSE:BURL) Shares Purchased by Stifel Financial Corp

Stifel Financial Corp increased its holdings in shares of Burlington Stores, Inc. (NYSE:BURL - Free Report) by 178.5% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,713 shares of the company's stock after buying an additional 3,021 shares during the period. Stifel Financial Corp's holdings in Burlington Stores were worth $1,242,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently added to or reduced their stakes in the company. Bank of New York Mellon Corp raised its holdings in shares of Burlington Stores by 9.1% during the second quarter. Bank of New York Mellon Corp now owns 772,010 shares of the company's stock valued at $185,282,000 after acquiring an additional 64,410 shares during the last quarter. Massachusetts Financial Services Co. MA raised its stake 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 valued at $192,478,000 after purchasing an additional 666,934 shares during the last quarter. Anomaly Capital Management LP raised its stake in Burlington Stores by 34.6% in the 2nd quarter. Anomaly Capital Management LP now owns 730,175 shares of the company's stock valued at $175,242,000 after purchasing an additional 187,760 shares during the last quarter. Clearbridge Investments LLC lifted its holdings in Burlington Stores by 2.2% in the 2nd quarter. Clearbridge Investments LLC now owns 663,527 shares of the company's stock valued at $159,246,000 after purchasing an additional 14,080 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its stake in Burlington Stores by 54.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 587,376 shares of the company's stock worth $140,968,000 after purchasing an additional 207,959 shares during the last quarter.

Insider Activity at Burlington Stores

In other news, CMO Jennifer Vecchio sold 494 shares of the company's stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $293.89, for a total transaction of $145,181.66. Following the sale, the chief marketing officer now owns 59,931 shares of the company's stock, valued at approximately $17,613,121.59. This represents a 0.82 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.91% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on BURL shares. TD Cowen increased their target price on shares of Burlington Stores from $334.00 to $339.00 and gave the company a "buy" rating in a research report on Thursday, December 12th. 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 research note on Friday, August 30th. StockNews.com lowered Burlington Stores from a "buy" rating to a "hold" rating in a research report on Wednesday, October 23rd. Bank of America increased their price target on Burlington Stores from $275.00 to $315.00 and gave the company a "buy" rating in a report on Friday, August 30th. Finally, Telsey Advisory Group reissued an "outperform" rating and set a $310.00 price objective on shares of Burlington Stores in a research note on Tuesday, November 26th. Two investment analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company's stock. According to MarketBeat, Burlington Stores has an average rating of "Moderate Buy" and an average target price of $308.00.

Burlington Stores Trading Down 0.5 %

Shares of Burlington Stores stock traded down $1.55 on Monday, reaching $283.70. The company had a trading volume of 596,909 shares, compared to its average volume of 895,794. The firm's 50 day moving average price is $271.83 and its two-hundred day moving average price is $260.30. 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, Inc. has a 52-week low of $174.64 and a 52-week high of $298.89. The firm has a market cap of $18.01 billion, a PE ratio of 38.86, a PEG ratio of 1.58 and a beta of 1.64.

Burlington Stores (NYSE:BURL - Get Free Report) last announced its earnings results on Tuesday, November 26th. The company reported $1.55 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.54 by $0.01. Burlington Stores had a return on equity of 47.52% and a net margin of 4.49%. The company had revenue of $2.53 billion for the quarter, compared to analyst estimates of $2.55 billion. During the same quarter in the previous year, the company earned $0.98 earnings per share. The firm's quarterly revenue was up 10.5% compared to the same quarter last year. Sell-side analysts predict 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.