Burlington Stores, Inc. (NYSE:BURL) Shares Bought by Parr Mcknight Wealth Management Group LLC

Parr Mcknight Wealth Management Group LLC increased its position in Burlington Stores, Inc. (NYSE:BURL - Free Report) by 33.8% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,415 shares of the company's stock after acquiring an additional 1,368 shares during the quarter. Parr Mcknight Wealth Management Group LLC's holdings in Burlington Stores were worth $1,291,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. EverSource Wealth Advisors LLC boosted its stake in Burlington Stores by 18.3% in the 4th quarter. EverSource Wealth Advisors LLC now owns 317 shares of the company's stock worth $90,000 after purchasing an additional 49 shares during the period. Nissay Asset Management Corp Japan ADV lifted its position in shares of Burlington Stores by 0.6% in the fourth quarter. Nissay Asset Management Corp Japan ADV now owns 7,660 shares of the company's stock worth $2,237,000 after buying an additional 49 shares in the last quarter. Oregon Public Employees Retirement Fund grew its holdings in Burlington Stores by 0.5% during the 1st quarter. Oregon Public Employees Retirement Fund now owns 12,869 shares of the company's stock valued at $3,067,000 after buying an additional 59 shares in the last quarter. Assetmark Inc. raised its holdings in shares of Burlington Stores by 9.9% during the 4th quarter. Assetmark Inc. now owns 712 shares of the company's stock worth $203,000 after acquiring an additional 64 shares in the last quarter. Finally, Bessemer Group Inc. grew its holdings in shares of Burlington Stores by 0.6% in the fourth quarter. Bessemer Group Inc. now owns 11,520 shares of the company's stock valued at $3,283,000 after purchasing an additional 66 shares in the last quarter.

Insider Buying and Selling at Burlington Stores

In other news, CAO Stephen Ferroni sold 450 shares of the stock in a transaction that occurred 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 transaction, the chief accounting officer owned 2,389 shares in the company, valued at $576,680.71. This trade represents a 15.85% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CMO Jennifer Vecchio sold 420 shares of the company'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 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 disclosure for this sale can be found here. Over the last three months, insiders have sold 1,060 shares of company stock valued at $253,164. Company insiders own 1.10% of the company's stock.

Burlington Stores Stock Performance

BURL stock traded down $2.60 during trading on Friday, hitting $250.02. 720,497 shares of the company traded hands, compared to its average volume of 1,005,110. The company has a debt-to-equity ratio of 1.21, a current ratio of 1.06 and a quick ratio of 0.39. Burlington Stores, Inc. has a 1 year low of $212.92 and a 1 year high of $298.89. The stock's 50-day simple moving average is $242.56 and its 200 day simple moving average is $249.84. The company has a market cap of $15.77 billion, a PE ratio of 30.68, a P/E/G ratio of 2.21 and a beta of 1.64.

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

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the company. Evercore ISI decreased their price objective on Burlington Stores from $345.00 to $310.00 and set an "outperform" rating on the stock in a research report on Friday, May 30th. Telsey Advisory Group reiterated an "outperform" rating and issued a $300.00 target price (down from $340.00) on shares of Burlington Stores in a research note on Thursday, May 29th. Loop Capital cut their price target on shares of Burlington Stores from $315.00 to $305.00 and set a "buy" rating on the stock in a research note on Friday, May 30th. Wells Fargo & Company lowered 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, Barclays upped their target price on Burlington Stores from $254.00 to $299.00 and gave the company an "overweight" rating in a research report on Friday, May 30th. One analyst has rated the stock with a hold rating and fourteen have issued a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $317.43.

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.