Liberty One Investment Management LLC trimmed its stake in shares of Burlington Stores, Inc. (NYSE:BURL – Free Report) by 4.5% during the second quarter, Holdings Channel.com reports. The firm owned 2,571 shares of the company’s stock after selling 122 shares during the period. Liberty One Investment Management LLC’s holdings in Burlington Stores were worth $598,000 at the end of the most recent reporting period.
A number of other large investors also recently modified their holdings of BURL. State of Alaska Department of Revenue lifted its position in shares of Burlington Stores by 2.4% during the first quarter. State of Alaska Department of Revenue now owns 7,360 shares of the company’s stock worth $1,754,000 after purchasing an additional 175 shares in the last quarter. Blue Trust Inc. lifted its position in shares of Burlington Stores by 35.9% during the first quarter. Blue Trust Inc. now owns 352 shares of the company’s stock worth $84,000 after purchasing an additional 93 shares in the last quarter. Kentucky Retirement Systems acquired a new position in shares of Burlington Stores during the first quarter worth approximately $1,032,000. Kentucky Retirement Systems Insurance Trust Fund acquired a new position in shares of Burlington Stores during the first quarter worth approximately $439,000. Finally, Flagship Harbor Advisors LLC lifted its holdings in Burlington Stores by 14.2% in the first quarter. Flagship Harbor Advisors LLC now owns 895 shares of the company’s stock valued at $213,000 after buying an additional 111 shares during the period.
Burlington Stores Stock Performance
Shares of BURL stock opened at $267.24 on Tuesday. The stock has a market cap of $16.84 billion, a P/E ratio of 31.55, a P/E/G ratio of 2.05 and a beta of 1.74. The company has a debt-to-equity ratio of 1.40, a current ratio of 1.23 and a quick ratio of 0.55. The company has a fifty day moving average price of $273.54 and a two-hundred day moving average price of $255.76. Burlington Stores, Inc. has a one year low of $212.92 and a one year high of $309.00.
Analyst Upgrades and Downgrades
Several equities analysts recently weighed in on the stock. Jefferies Financial Group increased their price objective on shares of Burlington Stores from $300.00 to $350.00 and gave the company a “buy” rating in a report on Friday, August 29th. Telsey Advisory Group reissued an “outperform” rating and set a $350.00 price objective (up previously from $300.00) on shares of Burlington Stores in a research report on Thursday, August 28th. Wells Fargo & Company increased their price objective on shares of Burlington Stores from $300.00 to $330.00 and gave the stock an “overweight” rating in a research report on Thursday, August 28th. Evercore ISI raised their target price on shares of Burlington Stores from $310.00 to $370.00 and gave the company an “outperform” rating in a research report on Friday, August 29th. Finally, Bank of America raised their target price on shares of Burlington Stores from $350.00 to $363.00 and gave the company a “buy” rating in a research report on Friday, August 29th. Fourteen investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $344.29.
Read Our Latest Analysis on Burlington Stores
Insider Buying and Selling
In other Burlington Stores news, CAO Stephen Ferroni sold 1,123 shares of the stock in a transaction on Tuesday, September 9th. The shares were sold at an average price of $281.25, for a total value of $315,843.75. Following the completion of the sale, the chief accounting officer owned 2,389 shares in the company, valued at $671,906.25. This trade represents a 31.98% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 1.10% of the stock is currently owned by corporate insiders.
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.
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