Heritage Investors Management Corp Has $11.09 Million Holdings in Burlington Stores, Inc. (NYSE:BURL)

Heritage Investors Management Corp boosted its stake in Burlington Stores, Inc. (NYSE:BURL - Free Report) by 3.0% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 46,518 shares of the company's stock after buying an additional 1,362 shares during the quarter. Heritage Investors Management Corp owned approximately 0.07% of Burlington Stores worth $11,087,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Golden State Wealth Management LLC raised its position in Burlington Stores by 258.6% in the 1st quarter. Golden State Wealth Management LLC now owns 104 shares of the company's stock valued at $25,000 after purchasing an additional 75 shares during the last quarter. Farther Finance Advisors LLC raised its position in Burlington Stores by 104.5% in the 4th quarter. Farther Finance Advisors LLC now owns 135 shares of the company's stock valued at $38,000 after purchasing an additional 69 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new stake in shares of Burlington Stores during the fourth quarter worth $75,000. Blue Trust Inc. raised its position in shares of Burlington Stores by 35.9% during the first quarter. Blue Trust Inc. now owns 352 shares of the company's stock worth $84,000 after acquiring an additional 93 shares during the last quarter. Finally, Fifth Third Bancorp raised its position in shares of Burlington Stores by 19.8% during the first quarter. Fifth Third Bancorp now owns 514 shares of the company's stock worth $123,000 after acquiring an additional 85 shares during the last quarter.

Insiders Place Their Bets

In related news, CMO Jennifer Vecchio sold 420 shares of the 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 transaction, the chief marketing officer owned 65,429 shares of the company's stock, valued at $15,483,118.56. This represents a 0.64% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Travis Marquette sold 190 shares of the stock in a transaction on Monday, May 5th. The shares were sold at an average price of $237.63, for a total value of $45,149.70. Following the completion of the transaction, the chief operating officer directly owned 22,858 shares in the company, valued at approximately $5,431,746.54. This represents a 0.82% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 1,060 shares of company stock worth $253,164 over the last 90 days. Corporate insiders own 1.10% of the company's stock.

Analyst Ratings Changes

BURL has been the subject of a number of recent analyst reports. Evercore ISI dropped their price objective on Burlington Stores from $345.00 to $310.00 and set an "outperform" rating for the company in a report on Friday, May 30th. Morgan Stanley dropped their target price on Burlington Stores from $297.00 to $269.00 and set an "overweight" rating on the stock in a report on Tuesday, May 6th. Robert W. Baird dropped their price objective on Burlington Stores from $335.00 to $325.00 and set an "outperform" rating on the stock in a research note on Friday, May 30th. UBS Group set a $390.00 target price on Burlington Stores and gave the stock a "buy" rating in a research note on Monday, July 14th. Finally, JPMorgan Chase & Co. increased their target price on Burlington Stores from $287.00 to $327.00 and gave the stock an "overweight" rating in a research note on Monday, May 19th. One equities research analyst has rated the stock with a hold rating and fourteen have issued a buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $316.36.

Burlington Stores Stock Up 1.2%

Shares of BURL opened at $265.30 on Friday. The company has a market capitalization of $16.74 billion, a PE ratio of 32.55, a PEG ratio of 2.32 and a beta of 1.64. The company has a current ratio of 1.06, a quick ratio of 0.39 and a debt-to-equity ratio of 1.21. The stock's 50-day moving average price is $244.23 and its two-hundred day moving average price is $248.52. Burlington Stores, Inc. has a 12 month low of $212.92 and a 12 month high of $298.89.

Burlington Stores (NYSE:BURL - Get Free Report) last issued its earnings results on Thursday, May 29th. The company reported $1.60 EPS for the quarter, beating analysts' consensus estimates of $1.43 by $0.17. The business had revenue of $2.50 billion during 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%. The firm's revenue was up 6.0% compared to the same quarter last year. During the same period in the previous year, the company posted $1.35 EPS. On average, analysts anticipate that Burlington Stores, Inc. will post 7.93 EPS for the current 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.

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