Stephens Investment Management Group LLC Grows Holdings in Burlington Stores, Inc. (NYSE:BURL)

Stephens Investment Management Group LLC raised its position in Burlington Stores, Inc. (NYSE:BURL - Free Report) by 4.5% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 416,764 shares of the company's stock after purchasing an additional 17,942 shares during the period. Burlington Stores comprises about 1.4% of Stephens Investment Management Group LLC's investment portfolio, making the stock its 14th largest position. Stephens Investment Management Group LLC owned about 0.66% of Burlington Stores worth $99,327,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in BURL. Golden State Wealth Management LLC lifted its holdings 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 in the last quarter. Farther Finance Advisors LLC lifted its holdings in shares of Burlington Stores by 104.5% during the 4th quarter. Farther Finance Advisors LLC now owns 135 shares of the company's stock worth $38,000 after acquiring an additional 69 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new position in shares of Burlington Stores during the 4th quarter worth about $75,000. Steward Partners Investment Advisory LLC lifted its holdings in shares of Burlington Stores by 34.9% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 290 shares of the company's stock worth $83,000 after acquiring an additional 75 shares during the period. Finally, Blue Trust Inc. lifted 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 worth $84,000 after acquiring an additional 93 shares during the period.

Insider Transactions at Burlington Stores

In other news, CAO Stephen Ferroni sold 450 shares of the firm's stock in a transaction that occurred on Thursday, June 5th. The shares were sold at an average price of $241.39, for a total transaction of $108,625.50. Following the completion of the sale, 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 Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CMO Jennifer Vecchio sold 420 shares of the firm's stock in a transaction that occurred 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 directly owned 65,429 shares of the company's stock, valued at $15,483,118.56. The trade was a 0.64% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 1,060 shares of company stock valued at $253,164. 1.10% of the stock is currently owned by corporate insiders.

Burlington Stores Stock Down 1.0%

Shares of NYSE:BURL opened at $250.02 on Friday. 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 52-week low of $212.92 and a 52-week high of $298.89. The company has a 50 day moving average of $242.56 and a two-hundred day moving average of $249.56. The company has a market capitalization of $15.77 billion, a price-to-earnings ratio of 30.68, a price-to-earnings-growth ratio of 2.18 and a beta of 1.64.

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 (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 company had revenue of $2.50 billion during the quarter, compared to the consensus estimate of $2.52 billion. During the same quarter last year, the company earned $1.35 earnings per share. Burlington Stores's revenue for the quarter was up 6.0% on a year-over-year basis. As a group, analysts forecast that Burlington Stores, Inc. will post 7.93 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the stock. Evercore ISI cut their price objective on shares of Burlington Stores from $345.00 to $310.00 and set an "outperform" rating on the stock in a report on Friday, May 30th. Morgan Stanley cut their price objective on shares of Burlington Stores from $297.00 to $269.00 and set an "overweight" rating on the stock in a report on Tuesday, May 6th. JPMorgan Chase & Co. increased their price objective on shares of Burlington Stores from $287.00 to $327.00 and gave the stock an "overweight" rating in a report on Monday, May 19th. Barclays increased their price objective on shares of Burlington Stores from $254.00 to $299.00 and gave the stock an "overweight" rating in a report on Friday, May 30th. Finally, Robert W. Baird cut their price objective on shares of Burlington Stores from $335.00 to $325.00 and set an "outperform" rating on the stock in a report on Friday, May 30th. One research analyst has rated the stock with a hold rating and fourteen have issued a buy rating to the stock. According to MarketBeat.com, 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.

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