Custom Index Systems LLC Has $596,000 Holdings in Burlington Stores, Inc. (NYSE:BURL)

Custom Index Systems LLC increased its holdings in Burlington Stores, Inc. (NYSE:BURL) by 41.7% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,483 shares of the company’s stock after acquiring an additional 731 shares during the period. Custom Index Systems LLC’s holdings in Burlington Stores were worth $596,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in BURL. Crewe Advisors LLC purchased a new stake in Burlington Stores in the 2nd quarter valued at about $25,000. ORG Partners LLC purchased a new stake in Burlington Stores in the 2nd quarter valued at about $38,000. Rise Advisors LLC purchased a new stake in Burlington Stores in the 1st quarter valued at about $40,000. Blue Trust Inc. increased its stake in Burlington Stores by 619.2% in the 2nd quarter. Blue Trust Inc. now owns 187 shares of the company’s stock valued at $43,000 after buying an additional 161 shares during the last quarter. Finally, American National Bank purchased a new stake in Burlington Stores in the 2nd quarter valued at about $47,000.

Burlington Stores Stock Down 2.8 %

BURL opened at $259.92 on Friday. The company has a 50 day moving average of $254.69 and a 200 day moving average of $225.09. The company has a market cap of $16.59 billion, a PE ratio of 43.54, a price-to-earnings-growth ratio of 1.40 and a beta of 1.64. Burlington Stores, Inc. has a 12 month low of $115.66 and a 12 month high of $282.49. The company has a current ratio of 1.04, a quick ratio of 0.52 and a debt-to-equity ratio of 1.15.

Burlington Stores (NYSE:BURL) last released its quarterly earnings data on Thursday, August 29th. The company reported $1.20 EPS for the quarter, topping the consensus estimate of $0.95 by $0.25. The company had revenue of $2.47 billion during the quarter, compared to the consensus estimate of $2.42 billion. Burlington Stores had a net margin of 4.18% and a return on equity of 47.43%. Burlington Stores’s revenue for the quarter was up 13.4% on a year-over-year basis. During the same period last year, the firm earned $0.60 EPS. On average, sell-side analysts expect that Burlington Stores, Inc. will post 7.79 EPS for the current year.

Insider Buying and Selling at Burlington Stores

In other Burlington Stores news, CMO Jennifer Vecchio sold 494 shares of the firm’s stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $255.37, for a total value of $126,152.78. Following the completion of the transaction, the chief marketing officer now directly owns 61,907 shares of the company’s stock, valued at approximately $15,809,190.59. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Insiders own 0.91% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have commented on BURL shares. StockNews.com lowered shares of Burlington Stores from a “buy” rating to a “hold” rating in a research note on Saturday. Wells Fargo & Company increased their target price on shares of Burlington Stores from $300.00 to $325.00 and gave the company an “overweight” rating in a research report on Friday, August 23rd. Evercore ISI increased their target price on shares of Burlington Stores from $300.00 to $315.00 and gave the company an “outperform” rating in a research report on Friday, August 30th. UBS Group increased their target price on shares of Burlington Stores from $212.00 to $238.00 and gave the company a “neutral” rating in a research report on Monday, June 3rd. Finally, The Goldman Sachs Group increased their target price on shares of Burlington Stores from $278.00 to $310.00 and gave the company a “buy” rating in a research report on Friday, August 30th. Two analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $294.94.

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.