Pathstone Holdings LLC Decreases Position in Burlington Stores, Inc. (NYSE:BURL)

Pathstone Holdings LLC trimmed its holdings in shares of Burlington Stores, Inc. (NYSE:BURL) by 1.2% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,590 shares of the company’s stock after selling 67 shares during the period. Pathstone Holdings LLC’s holdings in Burlington Stores were worth $1,473,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Crewe Advisors LLC bought a new stake in shares of Burlington Stores in the 2nd quarter valued at about $25,000. ORG Partners LLC purchased a new position in Burlington Stores in the 2nd quarter worth approximately $38,000. UMB Bank n.a. lifted its position in Burlington Stores by 391.7% in the third quarter. UMB Bank n.a. now owns 177 shares of the company’s stock valued at $47,000 after purchasing an additional 141 shares during the last quarter. Blue Trust Inc. boosted its stake in shares of Burlington Stores by 619.2% during the second quarter. Blue Trust Inc. now owns 187 shares of the company’s stock valued at $43,000 after purchasing an additional 161 shares during the period. Finally, American National Bank bought a new position in shares of Burlington Stores in the second quarter worth approximately $47,000.

Burlington Stores Price Performance

Shares of NYSE BURL opened at $288.36 on Friday. The firm has a market cap of $18.36 billion, a P/E ratio of 43.36, a PEG ratio of 1.48 and a beta of 1.64. Burlington Stores, Inc. has a twelve month low of $168.49 and a twelve month high of $298.89. The company has a quick ratio of 0.48, a current ratio of 1.04 and a debt-to-equity ratio of 1.15. The company has a 50 day moving average of $262.41 and a 200 day moving average of $249.71.

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

Insider Activity

In other Burlington Stores news, Director Paul Sullivan sold 1,705 shares of Burlington Stores stock in a transaction that occurred 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 completion of the sale, the director now 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 document filed with the SEC, which is accessible through this hyperlink. 0.91% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of equities research analysts recently commented on BURL shares. The Goldman Sachs Group upped their price target on shares of Burlington Stores from $278.00 to $310.00 and gave the company a “buy” rating in a report on Friday, August 30th. TD Cowen increased their price objective on Burlington Stores from $288.00 to $334.00 and gave the stock a “buy” rating in a report on Monday. Citigroup raised their price target on Burlington Stores from $313.00 to $344.00 and gave the stock a “buy” rating in a research note on Wednesday. Evercore ISI lifted 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. Finally, Gordon Haskett upgraded shares of Burlington Stores from a “hold” rating to a “buy” rating and set a $300.00 price objective for the company in a report on Monday, August 19th. Two investment analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company’s stock. According to MarketBeat, Burlington Stores currently has an average rating of “Moderate Buy” and a consensus price target of $307.69.

Burlington Stores 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.