Burlington Stores, Inc. (NYSE:BURL) Shares Sold by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC reduced its stake in Burlington Stores, Inc. (NYSE:BURL - Free Report) by 48.8% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,367 shares of the company's stock after selling 2,255 shares during the quarter. Janney Montgomery Scott LLC's holdings in Burlington Stores were worth $564,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Ritholtz Wealth Management purchased a new stake in shares of Burlington Stores in the 1st quarter valued at approximately $234,000. Elevation Point Wealth Partners LLC increased its stake in shares of Burlington Stores by 14.4% during the first quarter. Elevation Point Wealth Partners LLC now owns 1,923 shares of the company's stock worth $458,000 after buying an additional 242 shares during the period. Fifth Third Bancorp raised its holdings in Burlington Stores by 19.8% in the first quarter. Fifth Third Bancorp now owns 514 shares of the company's stock valued at $123,000 after acquiring an additional 85 shares in the last quarter. UMB Bank n.a. lifted its stake in Burlington Stores by 105.1% in the first quarter. UMB Bank n.a. now owns 605 shares of the company's stock worth $144,000 after acquiring an additional 310 shares during the last quarter. Finally, Gateway Investment Advisers LLC grew its holdings in Burlington Stores by 72.5% during the 1st quarter. Gateway Investment Advisers LLC now owns 5,628 shares of the company's stock worth $1,341,000 after acquiring an additional 2,365 shares in the last quarter.

Burlington Stores Price Performance

Shares of NYSE:BURL traded up $5.11 on Friday, reaching $247.39. 870,071 shares of the company were exchanged, compared to its average volume of 998,344. The company has a current ratio of 1.06, a quick ratio of 0.39 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 has a 50-day moving average of $239.71 and a 200-day moving average of $251.28. The firm has a market cap of $15.61 billion, a price-to-earnings ratio of 30.35, a price-to-earnings-growth ratio of 2.12 and a beta of 1.64.

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

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the stock. Evercore ISI decreased their price objective on shares of Burlington Stores from $345.00 to $310.00 and set an "outperform" rating for the company in a research report on Friday, May 30th. Robert W. Baird lowered their price objective on Burlington Stores from $335.00 to $325.00 and set an "outperform" rating for the company in a research report on Friday, May 30th. JPMorgan Chase & Co. increased their price target on shares of Burlington Stores from $287.00 to $327.00 and gave the company an "overweight" rating in a research note on Monday, May 19th. Wells Fargo & Company decreased their price objective on shares of Burlington Stores from $325.00 to $300.00 and set an "overweight" rating for the company in a research note on Wednesday, April 30th. Finally, UBS Group upped their target price on Burlington Stores from $360.00 to $405.00 and gave the company a "buy" rating in a research report on Friday, March 7th. One equities research analyst has rated the stock with a hold rating and fourteen have issued a buy rating to the stock. According to MarketBeat, Burlington Stores currently has an average rating of "Moderate Buy" and an average price target of $317.43.

Insider Buying and Selling

In other Burlington Stores news, CAO Stephen Ferroni sold 450 shares of the firm's stock in a transaction on Thursday, June 5th. The stock was sold at an average price of $241.39, for a total transaction of $108,625.50. Following the completion of the transaction, the chief accounting officer owned 2,389 shares of the company's stock, valued at approximately $576,680.71. This trade represents a 15.85% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CMO Jennifer Vecchio sold 420 shares of Burlington Stores stock in a transaction dated 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. This represents a 0.64% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 1,060 shares of company stock worth $253,164 in the last three months. 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.