Burlington Stores, Inc. (NYSE:BURL) Shares Sold by Janus Henderson Group PLC

Janus Henderson Group PLC trimmed its position in Burlington Stores, Inc. (NYSE:BURL) by 0.4% during the fourth quarter, HoldingsChannel.com reports. The firm owned 838,534 shares of the company’s stock after selling 3,654 shares during the quarter. Janus Henderson Group PLC’s holdings in Burlington Stores were worth $239,032,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. IFP Advisors Inc raised its holdings in shares of Burlington Stores by 81.6% in the 4th quarter. IFP Advisors Inc now owns 89 shares of the company’s stock worth $25,000 after purchasing an additional 40 shares during the period. Stonebridge Financial Group LLC purchased a new position in shares of Burlington Stores in the 4th quarter worth about $31,000. Farther Finance Advisors LLC raised its holdings in shares of Burlington Stores by 104.5% in the 4th quarter. Farther Finance Advisors LLC now owns 135 shares of the company’s stock worth $38,000 after purchasing an additional 69 shares during the period. Parkside Financial Bank & Trust raised its holdings in shares of Burlington Stores by 157.1% in the 4th quarter. Parkside Financial Bank & Trust now owns 144 shares of the company’s stock worth $41,000 after purchasing an additional 88 shares during the period. Finally, MassMutual Private Wealth & Trust FSB raised its holdings in shares of Burlington Stores by 36.5% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 172 shares of the company’s stock worth $49,000 after purchasing an additional 46 shares during the period.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the company. UBS Group raised their price objective on Burlington Stores from $360.00 to $405.00 and gave the stock a “buy” rating in a report on Friday, March 7th. Telsey Advisory Group restated an “outperform” rating and issued a $340.00 price objective on shares of Burlington Stores in a report on Thursday, March 6th. Robert W. Baird raised their target price on Burlington Stores from $330.00 to $335.00 and gave the company an “outperform” rating in a report on Friday, March 7th. Wells Fargo & Company dropped their target price on Burlington Stores from $325.00 to $300.00 and set an “overweight” rating on the stock in a report on Wednesday, April 30th. Finally, Morgan Stanley dropped their target price on Burlington Stores from $297.00 to $269.00 and set an “overweight” rating on the stock in a report on Tuesday, May 6th. One analyst has rated the stock with a hold rating and fifteen have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $319.60.

Burlington Stores Price Performance

Shares of NYSE BURL opened at $239.38 on Monday. Burlington Stores, Inc. has a fifty-two week low of $181.87 and a fifty-two week high of $298.89. The business has a 50 day moving average price of $235.08 and a two-hundred day moving average price of $259.70. The company has a quick ratio of 0.54, a current ratio of 1.17 and a debt-to-equity ratio of 1.35. The firm has a market cap of $15.08 billion, a PE ratio of 32.79, a price-to-earnings-growth ratio of 1.11 and a beta of 1.70.

Burlington Stores (NYSE:BURL) last issued its quarterly earnings data on Thursday, March 6th. The company reported $4.07 earnings per share for the quarter, beating analysts’ consensus estimates of $3.75 by $0.32. Burlington Stores had a return on equity of 47.52% and a net margin of 4.49%. The firm had revenue of $3.28 billion during the quarter, compared to analyst estimates of $3.25 billion. Sell-side analysts expect that Burlington Stores, Inc. will post 7.93 earnings per share for the current fiscal year.

Insider Buying and Selling at Burlington Stores

In other news, CMO Jennifer Vecchio sold 4,939 shares of Burlington Stores stock in a transaction that occurred on Thursday, March 20th. The stock was sold at an average price of $239.94, for a total value of $1,185,063.66. Following the completion of the transaction, the chief marketing officer now owns 70,006 shares in the company, valued at approximately $16,797,239.64. This trade represents a 6.59% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Travis Marquette sold 190 shares of Burlington Stores stock in a transaction that occurred on Monday, May 5th. The stock was sold at an average price of $237.63, for a total value of $45,149.70. Following the completion of the transaction, the chief operating officer now owns 22,858 shares of the company’s stock, valued at approximately $5,431,746.54. The trade was a 0.82% decrease in their position. The disclosure for this sale can be found here. 1.10% of the stock is owned by insiders.

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.