Inspire Advisors LLC Reduces Position in Burlington Stores, Inc. (NYSE:BURL)

Inspire Advisors LLC lessened its position in shares of Burlington Stores, Inc. (NYSE:BURL) by 9.7% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 2,422 shares of the company’s stock after selling 260 shares during the quarter. Inspire Advisors LLC’s holdings in Burlington Stores were worth $581,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Crewe Advisors LLC acquired a new stake in Burlington Stores during the 2nd quarter worth approximately $25,000. ORG Partners LLC acquired a new stake in Burlington Stores during the 2nd quarter worth approximately $38,000. Rise Advisors LLC acquired a new stake in Burlington Stores during the 1st quarter worth approximately $40,000. Blue Trust Inc. lifted its position in Burlington Stores by 619.2% during the 2nd quarter. Blue Trust Inc. now owns 187 shares of the company’s stock worth $43,000 after acquiring an additional 161 shares during the period. Finally, American National Bank acquired a new stake in Burlington Stores during the 2nd quarter worth approximately $47,000.

Insider Activity

In other news, CMO Jennifer Vecchio sold 494 shares of the business’s stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $255.37, for a total transaction of $126,152.78. Following the completion of the transaction, the chief marketing officer now directly owns 61,907 shares in the company, valued at $15,809,190.59. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 0.91% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on BURL shares. BMO Capital Markets increased their price objective on Burlington Stores from $227.00 to $240.00 and gave the stock an “outperform” rating in a research report on Friday, May 31st. Evercore ISI raised their price target on Burlington Stores from $300.00 to $315.00 and gave the company an “outperform” rating in a report on Friday, August 30th. The Goldman Sachs Group raised their price target on Burlington Stores from $278.00 to $310.00 and gave the company a “buy” rating in a report on Friday, August 30th. StockNews.com raised Burlington Stores from a “hold” rating to a “buy” rating in a research note on Sunday. Finally, UBS Group raised their price objective on Burlington Stores from $212.00 to $238.00 and gave the company a “neutral” rating in a research note on Monday, June 3rd. One investment analyst has rated the stock with a hold rating and sixteen have given a buy rating to the stock. According to MarketBeat.com, Burlington Stores currently has an average rating of “Moderate Buy” and a consensus price target of $294.94.

Burlington Stores Trading Up 0.8 %

NYSE:BURL opened at $277.45 on Friday. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.48 and a current ratio of 1.04. Burlington Stores, Inc. has a one year low of $115.66 and a one year high of $282.49. The business’s 50-day simple moving average is $258.20 and its 200 day simple moving average is $227.46. The stock has a market cap of $17.66 billion, a price-to-earnings ratio of 46.47, a price-to-earnings-growth ratio of 1.37 and a beta of 1.64.

Burlington Stores (NYSE:BURL) last announced its quarterly earnings data on Thursday, August 29th. The company reported $1.20 earnings per share for the quarter, beating the consensus estimate of $0.95 by $0.25. The firm had revenue of $2.47 billion during the quarter, compared to analyst estimates of $2.42 billion. Burlington Stores had a return on equity of 47.43% and a net margin of 4.18%. Burlington Stores’s quarterly revenue was up 13.4% on a year-over-year basis. During the same period in the previous year, the company earned $0.60 earnings per share. As a group, sell-side analysts predict that Burlington Stores, Inc. will post 7.86 earnings per share for the current fiscal year.

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.