LPL Financial LLC Has $4.96 Million Holdings in Burlington Stores, Inc. (NYSE:BURL)

Key Points

• LPL Financial LLC has increased its shareholding in Burlington Stores by 9.7% during Q1, now owning 21,471 shares valued at approximately $4.96 million.
• Burlington Stores' stock has risen by 3.1%, currently trading at $287.19, having a market cap of $18.12 billion and a P/E ratio of 35.24.
• Despite a revenue of $2.50 billion for the quarter, Burlington Stores exceeded EPS estimates by $0.17, reporting $1.60 against a consensus of $1.43.

LPL Financial LLC raised its stake in Burlington Stores, Inc. (NYSE:BURL - Free Report) by 9.7% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 21,471 shares of the company's stock after purchasing an additional 1,904 shares during the quarter. LPL Financial LLC's holdings in Burlington Stores were worth $4,962,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Golden State Wealth Management LLC boosted its position in Burlington Stores by 258.6% during the first quarter. Golden State Wealth Management LLC now owns 104 shares of the company's stock worth $25,000 after purchasing an additional 75 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new stake in shares of Burlington Stores during the 4th quarter valued at about $75,000. Blue Trust Inc. raised its holdings in shares of Burlington Stores by 35.9% during the 1st quarter. Blue Trust Inc. now owns 352 shares of the company's stock valued at $84,000 after buying an additional 93 shares during the period. Fifth Third Bancorp boosted its stake in shares of Burlington Stores by 19.8% during the 1st quarter. Fifth Third Bancorp now owns 514 shares of the company's stock valued at $123,000 after buying an additional 85 shares during the last quarter. Finally, Fourth Dimension Wealth LLC purchased a new position in shares of Burlington Stores during the 4th quarter valued at approximately $151,000.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on BURL shares. Loop Capital lowered their price target on Burlington Stores from $315.00 to $305.00 and set a "buy" rating for the company in a report 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 report on Monday, July 14th. Wells Fargo & Company dropped their price target on Burlington Stores from $325.00 to $300.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 30th. JPMorgan Chase & Co. upped their target price on Burlington Stores from $280.00 to $338.00 and gave the stock an "overweight" rating in a research report on Monday, July 28th. Finally, Telsey Advisory Group reiterated an "outperform" rating and set a $300.00 price target (down previously from $340.00) on shares of Burlington Stores in a research note on Thursday, May 29th. One investment analyst has rated the stock with a hold rating and fourteen have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $317.57.

Burlington Stores Price Performance

Shares of BURL traded down $0.79 during mid-day trading on Friday, reaching $280.54. The company had a trading volume of 829,452 shares, compared to its average volume of 880,191. Burlington Stores, Inc. has a twelve month low of $212.92 and a twelve month high of $298.89. The company has a debt-to-equity ratio of 1.21, a current ratio of 1.06 and a quick ratio of 0.39. The company's 50-day moving average is $256.02 and its 200-day moving average is $247.52. The company has a market capitalization of $17.70 billion, a P/E ratio of 34.42, a P/E/G ratio of 2.44 and a beta of 1.69.

Burlington Stores (NYSE:BURL - Get Free Report) last released its quarterly earnings results on Thursday, May 29th. The company reported $1.60 EPS 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 revenue for the quarter was up 6.0% on a year-over-year basis. During the same period in the prior year, the company earned $1.35 EPS. On average, equities analysts anticipate that Burlington Stores, Inc. will post 7.93 EPS for the current year.

Insider Buying and Selling at Burlington Stores

In related news, CMO Jennifer Vecchio sold 420 shares of the firm's stock in a transaction on Tuesday, July 1st. The stock was sold at an average price of $236.64, for a total transaction 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 trade represents a 0.64% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CAO Stephen Ferroni sold 450 shares of Burlington Stores stock in a transaction dated Thursday, June 5th. The shares were sold at an average price of $241.39, for a total value of $108,625.50. Following the completion of the sale, the chief accounting officer directly owned 2,389 shares in the company, valued at $576,680.71. This represents a 15.85% decrease in their position. The disclosure for this sale can be found here. 1.10% of the stock is owned by company insiders.

About Burlington Stores

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.