Jefferies Financial Group Inc. reduced its stake in Burlington Stores, Inc. (NYSE:BURL – Free Report) by 41.7% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 6,061 shares of the company’s stock after selling 4,339 shares during the period. Jefferies Financial Group Inc.’s holdings in Burlington Stores were worth $1,543,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in Burlington Stores by 14.4% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 302 shares of the company’s stock valued at $72,000 after buying an additional 38 shares in the last quarter. Jones Financial Companies Lllp grew its stake in shares of Burlington Stores by 1,604.7% during the first quarter. Jones Financial Companies Lllp now owns 1,449 shares of the company’s stock worth $345,000 after buying an additional 1,364 shares during the last quarter. Savant Capital LLC increased its holdings in shares of Burlington Stores by 1.3% during the second quarter. Savant Capital LLC now owns 5,552 shares of the company’s stock worth $1,292,000 after buying an additional 71 shares in the last quarter. Prospera Financial Services Inc increased its holdings in shares of Burlington Stores by 333.7% during the second quarter. Prospera Financial Services Inc now owns 4,528 shares of the company’s stock worth $1,053,000 after buying an additional 3,484 shares in the last quarter. Finally, Aviva PLC lifted its stake in shares of Burlington Stores by 6.7% in the 2nd quarter. Aviva PLC now owns 46,783 shares of the company’s stock valued at $10,884,000 after acquiring an additional 2,927 shares during the last quarter.
Burlington Stores Trading Down 0.5%
NYSE:BURL opened at $303.97 on Thursday. Burlington Stores, Inc. has a 52 week low of $212.92 and a 52 week high of $332.20. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.65 and a current ratio of 1.23. The firm’s fifty day moving average is $304.13 and its 200-day moving average is $283.61. The firm has a market cap of $19.13 billion, a P/E ratio of 31.93, a P/E/G ratio of 1.86 and a beta of 1.73.
Analyst Ratings Changes
BURL has been the topic of several recent research reports. Robert W. Baird raised their price objective on Burlington Stores from $345.00 to $375.00 and gave the company an “outperform” rating in a report on Friday, March 6th. The Goldman Sachs Group set a $331.00 target price on Burlington Stores in a research report on Wednesday, November 26th. JPMorgan Chase & Co. lifted their price target on Burlington Stores from $356.00 to $365.00 and gave the company an “overweight” rating in a research note on Friday, March 6th. Barclays boosted their price target on Burlington Stores from $331.00 to $335.00 and gave the stock an “overweight” rating in a report on Monday, March 2nd. Finally, Sanford C. Bernstein set a $350.00 price objective on Burlington Stores and gave the company an “outperform” rating in a research note on Tuesday, January 6th. Fifteen investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $355.44.
View Our Latest Stock Report on BURL
Burlington Stores Profile
Burlington Stores, Inc is an American off-price retailer that sells apparel and home goods at discounted prices. The company’s merchandise assortment includes clothing for women, men and children, plus baby products, footwear, accessories, beauty items, toys and home décor. Burlington’s merchandising strategy focuses on offering branded and private-label goods at lower prices than traditional department stores by sourcing excess inventory, closeouts and opportunistic buys from manufacturers and other retailers.
The business traces its roots to the Burlington Coat Factory name established in the early 1970s and has since evolved into a broader off-price retailer that carries a wide range of seasonal and everyday merchandise.
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