Nicolet Advisory Services LLC Buys Shares of 1,733 Burlington Stores, Inc. (NYSE:BURL)

Nicolet Advisory Services LLC bought a new stake in shares of Burlington Stores, Inc. (NYSE:BURL) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 1,733 shares of the company’s stock, valued at approximately $402,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Lindbrook Capital LLC lifted its stake in shares of Burlington Stores by 114.6% in the 4th quarter. Lindbrook Capital LLC now owns 176 shares of the company’s stock worth $34,000 after purchasing an additional 94 shares during the period. Rise Advisors LLC bought a new position in shares of Burlington Stores in the 1st quarter worth approximately $40,000. GAMMA Investing LLC bought a new position in shares of Burlington Stores in the 4th quarter worth approximately $41,000. Mather Group LLC. bought a new position in shares of Burlington Stores in the 1st quarter worth approximately $48,000. Finally, Fifth Third Bancorp bought a new position in shares of Burlington Stores in the 4th quarter worth approximately $50,000.

Burlington Stores Price Performance

Shares of BURL stock traded down $1.50 on Friday, reaching $244.70. The company’s stock had a trading volume of 415,844 shares, compared to its average volume of 690,091. The stock’s fifty day simple moving average is $226.55 and its 200-day simple moving average is $209.12. Burlington Stores, Inc. has a 1 year low of $115.66 and a 1 year high of $255.79. The company has a current ratio of 1.07, a quick ratio of 0.52 and a debt-to-equity ratio of 1.20. The company has a market capitalization of $15.62 billion, a price-to-earnings ratio of 40.99, a price-to-earnings-growth ratio of 1.31 and a beta of 1.61.

Burlington Stores (NYSE:BURL) last posted its earnings results on Thursday, May 30th. The company reported $1.42 earnings per share for the quarter, beating analysts’ consensus estimates of $1.04 by $0.38. Burlington Stores had a net margin of 3.87% and a return on equity of 46.39%. The firm had revenue of $2.36 billion during the quarter, compared to analyst estimates of $2.34 billion. During the same period last year, the firm posted $0.84 earnings per share. Burlington Stores’s revenue for the quarter was up 10.7% compared to the same quarter last year. Analysts forecast that Burlington Stores, Inc. will post 7.6 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several brokerages have recently weighed in on BURL. Morgan Stanley lowered their price objective on shares of Burlington Stores from $233.00 to $218.00 and set an “overweight” rating on the stock in a research note on Monday, May 6th. JPMorgan Chase & Co. increased their target price on shares of Burlington Stores from $246.00 to $284.00 and gave the stock an “overweight” rating in a report on Friday, May 31st. Robert W. Baird increased their target price on shares of Burlington Stores from $260.00 to $275.00 and gave the stock an “outperform” rating in a report on Friday, May 31st. Bank of America increased their target price on shares of Burlington Stores from $250.00 to $275.00 and gave the stock a “buy” rating in a report on Friday, May 31st. Finally, StockNews.com lowered shares of Burlington Stores from a “buy” rating to a “hold” rating in a report on Friday, July 12th. Four equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $246.87.

Burlington Stores Company 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.