First National Advisers LLC Invests $845,000 in Burlington Stores, Inc. (NYSE:BURL)

Key Points

• First National Advisers LLC acquired 3,546 shares of Burlington Stores, Inc., valued at approximately $845,000, during the first quarter.
• Burlington Stores reported an earnings per share (EPS) of $1.60 for the latest quarter, surpassing the consensus estimate by $0.17.
• Multiple hedge funds have adjusted their stakes in Burlington Stores, with Golden State Wealth Management LLC increasing its position by 258.6% during the same period.

First National Advisers LLC acquired a new stake in Burlington Stores, Inc. (NYSE:BURL - Free Report) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 3,546 shares of the company's stock, valued at approximately $845,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Flagship Harbor Advisors LLC increased its holdings in Burlington Stores by 14.2% in the 1st quarter. Flagship Harbor Advisors LLC now owns 895 shares of the company's stock worth $213,000 after buying an additional 111 shares during the period. Grandeur Peak Global Advisors LLC grew its stake in Burlington Stores by 3.0% in the 4th quarter. Grandeur Peak Global Advisors LLC now owns 45,056 shares of the company's stock valued at $12,844,000 after acquiring an additional 1,305 shares during the period. Gateway Investment Advisers LLC grew its stake in Burlington Stores by 72.5% in the 1st quarter. Gateway Investment Advisers LLC now owns 5,628 shares of the company's stock valued at $1,341,000 after acquiring an additional 2,365 shares during the period. Asset Management One Co. Ltd. boosted its stake in Burlington Stores by 5.4% during the 1st quarter. Asset Management One Co. Ltd. now owns 23,914 shares of the company's stock worth $5,699,000 after purchasing an additional 1,225 shares during the last quarter. Finally, Bain Capital Public Equity Management II LLC boosted its stake in Burlington Stores by 39.5% during the 4th quarter. Bain Capital Public Equity Management II LLC now owns 456,416 shares of the company's stock worth $130,106,000 after purchasing an additional 129,303 shares during the last quarter.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on BURL shares. The Goldman Sachs Group lowered their target price on shares of Burlington Stores from $317.00 to $316.00 and set a "buy" rating on the stock in a research note on Tuesday, July 22nd. Barclays lifted their price target on Burlington Stores from $254.00 to $299.00 and gave the stock an "overweight" rating in a report on Friday, May 30th. Evercore ISI reduced their price objective on shares of Burlington Stores from $345.00 to $310.00 and set an "outperform" rating on the stock in a report on Friday, May 30th. UBS Group set a $390.00 price objective on shares of Burlington Stores and gave the company a "buy" rating in a report on Monday, July 14th. Finally, Robert W. Baird cut their price target on shares of Burlington Stores from $335.00 to $325.00 and set an "outperform" rating on the stock in a research note on Friday, May 30th. One analyst has rated the stock with a hold rating and fourteen have issued a buy rating to the company. According to MarketBeat.com, Burlington Stores presently has an average rating of "Moderate Buy" and a consensus price target of $317.57.

Burlington Stores Stock Performance

BURL stock traded down $6.07 during trading on Thursday, reaching $274.80. 298,600 shares of the company's stock were exchanged, compared to its average volume of 1,147,847. The company has a quick ratio of 0.39, a current ratio of 1.06 and a debt-to-equity ratio of 1.21. Burlington Stores, Inc. has a 1-year low of $212.92 and a 1-year high of $298.89. The company's fifty day moving average price is $246.61 and its 200-day moving average price is $248.39. The firm has a market cap of $17.34 billion, a PE ratio of 33.72, a P/E/G ratio of 2.45 and a beta of 1.64.

Burlington Stores (NYSE:BURL - Get Free Report) last announced its quarterly earnings results on Thursday, May 29th. The company reported $1.60 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.43 by $0.17. Burlington Stores had a return on equity of 44.03% and a net margin of 4.88%. The company had revenue of $2.50 billion during the quarter, compared to analyst estimates of $2.52 billion. During the same quarter in the previous year, the firm posted $1.35 EPS. The firm's quarterly revenue was up 6.0% on a year-over-year basis. On average, research analysts expect that Burlington Stores, Inc. will post 7.93 EPS for the current fiscal year.

Insider Transactions at Burlington Stores

In other news, CMO Jennifer Vecchio sold 420 shares of the business's stock in a transaction on Tuesday, July 1st. The stock was sold at an average price of $236.64, for a total value of $99,388.80. Following the sale, the chief marketing officer owned 65,429 shares of the company's stock, valued at approximately $15,483,118.56. The trade was a 0.64% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Stephen Ferroni sold 450 shares of the business's stock in a transaction on Thursday, June 5th. The stock was sold at an average price of $241.39, for a total value of $108,625.50. Following the sale, the chief accounting officer directly owned 2,389 shares in the company, valued at $576,680.71. This trade represents a 15.85% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 1,060 shares of company stock valued at $253,164. Corporate insiders own 1.10% of the company's stock.

Burlington Stores Company 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.