Nisa Investment Advisors LLC increased its position in shares of Burlington Stores, Inc. (NYSE:BURL – Free Report) by 833.5% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 3,174 shares of the company’s stock after acquiring an additional 2,834 shares during the period. Nisa Investment Advisors LLC’s holdings in Burlington Stores were worth $808,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also bought and sold shares of BURL. Mather Group LLC. bought a new position in Burlington Stores in the third quarter valued at about $36,000. Geneos Wealth Management Inc. increased its stake in shares of Burlington Stores by 235.4% in the second quarter. Geneos Wealth Management Inc. now owns 161 shares of the company’s stock valued at $37,000 after buying an additional 113 shares during the period. Thurston Springer Miller Herd & Titak Inc. raised its holdings in Burlington Stores by 250.9% in the 2nd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 186 shares of the company’s stock valued at $43,000 after buying an additional 133 shares during the last quarter. Farther Finance Advisors LLC raised its holdings in Burlington Stores by 362.5% in the 2nd quarter. Farther Finance Advisors LLC now owns 222 shares of the company’s stock valued at $52,000 after buying an additional 174 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in Burlington Stores by 14.4% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 302 shares of the company’s stock worth $72,000 after buying an additional 38 shares during the period.
Burlington Stores Price Performance
BURL stock opened at $306.62 on Friday. The company has a quick ratio of 0.46, a current ratio of 1.21 and a debt-to-equity ratio of 1.32. The firm has a market cap of $19.30 billion, a price-to-earnings ratio of 35.24, a PEG ratio of 1.87 and a beta of 1.74. The company’s fifty day simple moving average is $280.11 and its 200 day simple moving average is $273.69. Burlington Stores, Inc. has a 12-month low of $212.92 and a 12-month high of $315.14.
Insiders Place Their Bets
In other Burlington Stores news, CMO Jennifer Vecchio sold 419 shares of the business’s stock in a transaction that occurred on Monday, November 3rd. The stock was sold at an average price of $274.48, for a total value of $115,007.12. Following the transaction, the chief marketing officer directly owned 63,751 shares of the company’s stock, valued at approximately $17,498,374.48. The trade was a 0.65% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 1.10% of the company’s stock.
Analyst Upgrades and Downgrades
BURL has been the subject of several analyst reports. Sanford C. Bernstein set a $350.00 price target on shares of Burlington Stores and gave the company an “outperform” rating in a research note on Tuesday, January 6th. BTIG Research assumed coverage on Burlington Stores in a report on Tuesday, October 14th. They issued a “neutral” rating for the company. Barclays cut their target price on Burlington Stores from $336.00 to $331.00 and set an “overweight” rating on the stock in a report on Wednesday, November 26th. Guggenheim assumed coverage on Burlington Stores in a research report on Tuesday, December 9th. They issued a “neutral” rating on the stock. Finally, Wells Fargo & Company lowered their price objective on Burlington Stores from $330.00 to $315.00 and set an “overweight” rating for the company in a research report on Monday, October 27th. Sixteen analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $335.94.
Check Out Our Latest Research Report on Burlington Stores
Burlington Stores Profile
Burlington Stores, Inc is an American off-price retailer that sells apparel and home goods at discounted prices. The company’s merchandise assortment includes clothing for women, men and children, plus baby products, footwear, accessories, beauty items, toys and home décor. Burlington’s merchandising strategy focuses on offering branded and private-label goods at lower prices than traditional department stores by sourcing excess inventory, closeouts and opportunistic buys from manufacturers and other retailers.
The business traces its roots to the Burlington Coat Factory name established in the early 1970s and has since evolved into a broader off-price retailer that carries a wide range of seasonal and everyday merchandise.
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