Burlington Stores, Inc. (NYSE:BURL) Position Raised by Vanguard Group Inc.

Vanguard Group Inc. boosted its holdings in Burlington Stores, Inc. (NYSE:BURL - Free Report) by 3.4% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,603,257 shares of the company's stock after purchasing an additional 219,124 shares during the quarter. Vanguard Group Inc. owned about 10.48% of Burlington Stores worth $1,573,754,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Golden State Wealth Management LLC increased its holdings in shares of 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. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new stake in shares of Burlington Stores during the 4th quarter worth about $75,000. Blue Trust Inc. boosted its stake 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 purchasing an additional 93 shares during the last quarter. 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 worth $123,000 after purchasing an additional 85 shares during the last quarter. Finally, UMB Bank n.a. boosted its stake in shares of Burlington Stores by 105.1% during the 1st quarter. UMB Bank n.a. now owns 605 shares of the company's stock worth $144,000 after purchasing an additional 310 shares during the last quarter.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the stock. Evercore ISI decreased their price target on shares of Burlington Stores from $345.00 to $310.00 and set an "outperform" rating on the stock in a research note on Friday, May 30th. Wells Fargo & Company decreased their price target on shares of Burlington Stores from $325.00 to $300.00 and set an "overweight" rating on the stock in a research note on Wednesday, April 30th. Telsey Advisory Group reaffirmed an "outperform" rating and set a $300.00 price target (down from $340.00) on shares of Burlington Stores in a research note on Thursday, May 29th. 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. Finally, 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. One research analyst has rated the stock with a hold rating and fourteen have assigned a buy rating to the company. Based on data from MarketBeat.com, Burlington Stores has an average rating of "Moderate Buy" and a consensus price target of $317.57.

Burlington Stores Trading Down 1.0%

NYSE BURL traded down $2.71 during mid-day trading on Friday, hitting $278.62. The company's stock had a trading volume of 109,587 shares, compared to its average volume of 1,127,101. Burlington Stores, Inc. has a 52-week low of $212.92 and a 52-week high of $298.89. The stock's fifty day simple moving average is $255.34 and its two-hundred day simple moving average is $247.59. 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 firm has a market capitalization of $17.58 billion, a P/E ratio of 34.18, a price-to-earnings-growth ratio of 2.50 and a beta of 1.69.

Burlington Stores (NYSE:BURL - Get Free Report) last posted its quarterly earnings data 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 for the quarter, compared to analyst estimates of $2.52 billion. Burlington Stores had a net margin of 4.88% and a return on equity of 44.03%. The business's quarterly revenue was up 6.0% on a year-over-year basis. During the same quarter last year, the firm posted $1.35 earnings per share. Research analysts expect that Burlington Stores, Inc. will post 7.93 EPS for the current year.

Insider Buying and Selling

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 Burlington Stores 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 completion of the transaction, the chief marketing officer directly 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. 1.10% of the stock is currently owned by company insiders.

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.