Envestnet Asset Management Inc. Sells 4,510 Shares of Burlington Stores, Inc. (NYSE:BURL)

Envestnet Asset Management Inc. reduced its stake in Burlington Stores, Inc. (NYSE:BURL - Free Report) by 3.9% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 110,555 shares of the company's stock after selling 4,510 shares during the quarter. Envestnet Asset Management Inc. owned about 0.18% of Burlington Stores worth $26,349,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of BURL. Flagship Harbor Advisors LLC boosted its position in shares of Burlington Stores by 14.2% in the first quarter. Flagship Harbor Advisors LLC now owns 895 shares of the company's stock valued at $213,000 after acquiring an additional 111 shares during the period. Grandeur Peak Global Advisors LLC raised 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 worth $12,844,000 after purchasing an additional 1,305 shares in the last quarter. Gateway Investment Advisers LLC boosted its holdings 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 purchasing an additional 2,365 shares during the period. Asset Management One Co. Ltd. grew its position in shares of 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 in the last quarter. Finally, Bain Capital Public Equity Management II LLC increased its holdings in shares of Burlington Stores by 39.5% during the fourth 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 period.

Burlington Stores Price Performance

Shares of NYSE BURL traded up $8.41 during midday trading on Thursday, reaching $262.92. 1,237,419 shares of the company were exchanged, compared to its average volume of 1,007,444. The stock's 50-day moving average price is $243.43 and its 200-day moving average price is $249.06. The stock has a market cap of $16.59 billion, a P/E ratio of 32.26, a PEG ratio of 2.20 and a beta of 1.64. 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 one year low of $212.92 and a one year high of $298.89.

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

Insider Buying and Selling at Burlington Stores

In other Burlington Stores news, COO Travis Marquette sold 190 shares of Burlington Stores stock in a transaction dated Monday, May 5th. The stock was sold at an average price of $237.63, for a total transaction of $45,149.70. Following the completion of the transaction, the chief operating officer owned 22,858 shares in the company, valued at approximately $5,431,746.54. The trade was a 0.82% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Stephen Ferroni sold 450 shares of the business's stock in a transaction that occurred 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 of the company's stock, valued at $576,680.71. This represents a 15.85% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 1,060 shares of company stock valued at $253,164. 1.10% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on BURL shares. Barclays increased their price target on Burlington Stores from $254.00 to $299.00 and gave the stock an "overweight" rating in a research report on Friday, May 30th. Loop Capital reduced their target price on Burlington Stores from $315.00 to $305.00 and set a "buy" rating on the stock in a report on Friday, May 30th. Telsey Advisory Group reaffirmed an "outperform" rating and issued a $300.00 price target (down previously from $340.00) on shares of Burlington Stores in a research note on Thursday, May 29th. Robert W. Baird cut their price objective on shares of Burlington Stores from $335.00 to $325.00 and set an "outperform" rating for the company in a research report on Friday, May 30th. Finally, Wells Fargo & Company decreased their target price on shares of Burlington Stores from $325.00 to $300.00 and set an "overweight" rating on the stock in a report on Wednesday, April 30th. One research analyst has rated the stock with a hold rating and fourteen have issued a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $316.36.

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.