Burlington Stores, Inc. (NYSE:BURL) Shares Sold by Atria Investments Inc

Atria Investments Inc lessened its holdings in Burlington Stores, Inc. (NYSE:BURL) by 3.6% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,949 shares of the company’s stock after selling 72 shares during the quarter. Atria Investments Inc’s holdings in Burlington Stores were worth $514,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in BURL. CANADA LIFE ASSURANCE Co boosted its holdings in shares of Burlington Stores by 7.4% during the first quarter. CANADA LIFE ASSURANCE Co now owns 56,326 shares of the company’s stock valued at $13,073,000 after acquiring an additional 3,867 shares during the period. Tidal Investments LLC increased its stake in shares of Burlington Stores by 178.4% in the first quarter. Tidal Investments LLC now owns 6,163 shares of the company’s stock valued at $1,431,000 after purchasing an additional 3,949 shares during the period. Cetera Investment Advisers bought a new stake in shares of Burlington Stores during the first quarter valued at approximately $2,851,000. AMF Tjanstepension AB acquired a new position in shares of Burlington Stores during the second quarter worth approximately $8,186,000. Finally, Hsbc Holdings PLC grew its holdings in Burlington Stores by 5.5% in the 2nd quarter. Hsbc Holdings PLC now owns 43,486 shares of the company’s stock worth $10,435,000 after buying an additional 2,258 shares in the last quarter.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on BURL shares. The Goldman Sachs Group boosted their price target on Burlington Stores from $278.00 to $310.00 and gave the stock a “buy” rating in a research report on Friday, August 30th. Telsey Advisory Group reissued an “outperform” rating and set a $300.00 target price on shares of Burlington Stores in a research note on Thursday, August 29th. UBS Group upped their price target on shares of Burlington Stores from $270.00 to $280.00 and gave the stock a “neutral” rating in a research note on Thursday, November 14th. Morgan Stanley raised their price objective on shares of Burlington Stores from $284.00 to $300.00 and gave the company an “overweight” rating in a research note on Friday, August 30th. Finally, Loop Capital boosted their price objective on Burlington Stores from $270.00 to $345.00 and gave the stock a “buy” rating in a research note on Friday, August 30th. Two analysts have rated the stock with a hold rating and fifteen have assigned 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 $297.56.

Burlington Stores Stock Down 1.9 %

Shares of NYSE:BURL opened at $268.85 on Thursday. The company has a market capitalization of $17.11 billion, a PE ratio of 40.43, a P/E/G ratio of 1.37 and a beta of 1.64. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.48 and a current ratio of 1.04. The company’s fifty day moving average is $261.21 and its 200-day moving average is $246.35. Burlington Stores, Inc. has a 52 week low of $156.01 and a 52 week high of $282.49.

Burlington Stores (NYSE:BURL) last issued its quarterly earnings data on Thursday, August 29th. The company reported $1.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.95 by $0.25. The firm had revenue of $2.47 billion during the quarter, compared to the consensus estimate of $2.42 billion. Burlington Stores had a return on equity of 47.43% and a net margin of 4.18%. The business’s revenue for the quarter was up 13.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.60 EPS. Equities research analysts predict that Burlington Stores, Inc. will post 7.93 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, Director Paul Sullivan sold 1,705 shares of the business’s stock in a transaction on Thursday, September 19th. The shares were sold at an average price of $277.05, for a total value of $472,370.25. Following the sale, the director now directly owns 7,393 shares of the company’s stock, valued at approximately $2,048,230.65. The trade was a 18.74 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.91% of the stock is owned by 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.