Cerity Partners LLC Grows Stock Holdings in Burlington Stores, Inc. (NYSE:BURL)

Cerity Partners LLC lifted its position in Burlington Stores, Inc. (NYSE:BURL) by 25.9% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 16,461 shares of the company’s stock after purchasing an additional 3,388 shares during the quarter. Cerity Partners LLC’s holdings in Burlington Stores were worth $4,337,000 at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of the company. Nicolet Advisory Services LLC boosted its stake in Burlington Stores by 6.0% in the third quarter. Nicolet Advisory Services LLC now owns 2,462 shares of the company’s stock worth $640,000 after buying an additional 140 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its holdings in shares of Burlington Stores by 1,048.8% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 730,524 shares of the company’s stock worth $192,478,000 after acquiring an additional 666,934 shares during the last quarter. Jennison Associates LLC boosted its stake in shares of Burlington Stores by 2.4% in the 3rd quarter. Jennison Associates LLC now owns 510,074 shares of the company’s stock valued at $134,394,000 after purchasing an additional 12,143 shares in the last quarter. PCJ Investment Counsel Ltd. bought a new position in shares of Burlington Stores during the 3rd quarter valued at $1,075,000. Finally, B. Metzler seel. Sohn & Co. Holding AG purchased a new position in Burlington Stores in the 3rd quarter worth $594,000.

Insider Activity at Burlington Stores

In related news, Director Paul Sullivan sold 1,705 shares of the company’s stock in a transaction that occurred on Thursday, September 19th. The stock was sold at an average price of $277.05, for a total value of $472,370.25. Following the sale, the director now owns 7,393 shares in the company, valued at $2,048,230.65. This represents a 18.74 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 0.91% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the company. UBS Group raised their price objective on Burlington Stores from $270.00 to $280.00 and gave the company a “neutral” rating in a research note on Thursday, November 14th. TD Cowen raised their price target on Burlington Stores from $288.00 to $334.00 and gave the stock a “buy” rating in a research report on Monday. Morgan Stanley boosted their price objective on Burlington Stores from $285.00 to $305.00 and gave the company an “overweight” rating in a research report on Wednesday. Citigroup raised their target price on shares of Burlington Stores from $313.00 to $344.00 and gave the stock a “buy” rating in a report on Wednesday. Finally, Evercore ISI upped their price target on shares of Burlington Stores from $315.00 to $340.00 and gave the company an “outperform” rating in a report on Wednesday. Two analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. Based on data from MarketBeat, Burlington Stores currently has a consensus rating of “Moderate Buy” and a consensus target price of $307.69.

Burlington Stores Stock Up 0.5 %

BURL stock opened at $288.36 on Friday. Burlington Stores, Inc. has a fifty-two week low of $168.49 and a fifty-two week high of $298.89. The company has a market capitalization of $18.36 billion, a price-to-earnings ratio of 43.36, a price-to-earnings-growth ratio of 1.48 and a beta of 1.64. The business’s 50 day moving average price is $262.41 and its two-hundred day moving average price is $249.71. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.48 and a current ratio of 1.04.

Burlington Stores (NYSE:BURL) last issued its quarterly earnings results on Tuesday, November 26th. The company reported $1.55 earnings per share for the quarter, topping the consensus estimate of $1.53 by $0.02. Burlington Stores had a return on equity of 47.43% and a net margin of 4.18%. The company had revenue of $2.53 billion for the quarter, compared to analysts’ expectations of $2.55 billion. During the same period in the prior year, the firm earned $0.98 earnings per share. The firm’s revenue for the quarter was up 10.5% on a year-over-year basis. As a group, analysts forecast that Burlington Stores, Inc. will post 7.94 earnings per share for the current fiscal year.

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.