Burlington Stores, Inc. (NYSE:BURL) Shares Bought by Wahed Invest LLC

Wahed Invest LLC increased its stake in Burlington Stores, Inc. (NYSE:BURL) by 11.4% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,538 shares of the company’s stock after purchasing an additional 157 shares during the quarter. Wahed Invest LLC’s holdings in Burlington Stores were worth $405,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of BURL. RPg Family Wealth Advisory LLC acquired a new stake in shares of Burlington Stores in the 3rd quarter worth approximately $26,000. Crewe Advisors LLC bought a new position in Burlington Stores during the 2nd quarter valued at $25,000. Brooklyn Investment Group acquired a new position in shares of Burlington Stores during the 3rd quarter valued at $33,000. ORG Partners LLC bought a new stake in shares of Burlington Stores in the 2nd quarter worth $38,000. Finally, UMB Bank n.a. lifted its holdings in shares of 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 buying an additional 141 shares during the period.

Burlington Stores Price Performance

NYSE BURL opened at $288.97 on Friday. The company has a debt-to-equity ratio of 1.35, a current ratio of 1.17 and a quick ratio of 0.54. The firm has a market capitalization of $18.34 billion, a price-to-earnings ratio of 39.58, a price-to-earnings-growth ratio of 1.52 and a beta of 1.64. The company has a 50 day simple moving average of $264.67 and a 200-day simple moving average of $253.92. Burlington Stores, Inc. has a 52-week low of $173.21 and a 52-week high of $298.89.

Burlington Stores (NYSE:BURL) last released its earnings results on Tuesday, November 26th. The company reported $1.55 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.54 by $0.01. Burlington Stores had a net margin of 4.49% and a return on equity of 47.52%. The company had revenue of $2.53 billion during the quarter, compared to the consensus estimate of $2.55 billion. During the same quarter in the prior year, the firm earned $0.98 EPS. The company’s revenue was up 10.5% compared to the same quarter last year. Equities research analysts predict that Burlington Stores, Inc. will post 7.93 earnings per share for the current fiscal year.

Analysts Set New Price Targets

BURL has been the topic of a number of research analyst reports. Citigroup lifted their target price on Burlington Stores from $313.00 to $344.00 and gave the stock a “buy” rating in a report on Wednesday, November 27th. Gordon Haskett upgraded shares of Burlington Stores from a “hold” rating to a “buy” rating and set a $300.00 target price on the stock in a report on Monday, August 19th. Loop Capital increased their target price on shares of Burlington Stores from $270.00 to $345.00 and gave the company a “buy” rating in a research note on Friday, August 30th. Wells Fargo & Company upped their price target on Burlington Stores from $300.00 to $325.00 and gave the company an “overweight” rating in a report on Friday, August 23rd. Finally, Barclays reduced their price objective on Burlington Stores from $327.00 to $317.00 and set an “overweight” rating for the company in a research note on Wednesday, November 27th. Two equities research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. According to data from MarketBeat, Burlington Stores currently has a consensus rating of “Moderate Buy” and a consensus price target of $307.69.

Insider Activity at Burlington Stores

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 directly owns 7,393 shares in the company, valued at $2,048,230.65. The trade was a 18.74 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CMO Jennifer Vecchio sold 494 shares of the stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $293.89, for a total transaction of $145,181.66. Following the transaction, the chief marketing officer now owns 59,931 shares in the company, valued at approximately $17,613,121.59. This trade represents a 0.82 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 2,283 shares of company stock valued at $638,628. Insiders own 0.91% of the company’s stock.

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.