Rafferty Asset Management LLC purchased a new position in shares of Burlington Stores Inc (NYSE:BURL) in the third quarter, HoldingsChannel reports. The institutional investor purchased 1,807 shares of the company’s stock, valued at approximately $294,000.

A number of other institutional investors have also made changes to their positions in BURL. Aperio Group LLC boosted its holdings in shares of Burlington Stores by 5.4% in the second quarter. Aperio Group LLC now owns 15,766 shares of the company’s stock valued at $2,373,000 after acquiring an additional 807 shares in the last quarter. Raymond James Financial Services Advisors Inc. purchased a new stake in Burlington Stores in the 2nd quarter worth approximately $1,050,000. Los Angeles Capital Management & Equity Research Inc. lifted its position in Burlington Stores by 40.6% in the 2nd quarter. Los Angeles Capital Management & Equity Research Inc. now owns 89,003 shares of the company’s stock worth $13,398,000 after buying an additional 25,690 shares in the last quarter. Comerica Bank lifted its position in Burlington Stores by 26.6% in the 2nd quarter. Comerica Bank now owns 4,470 shares of the company’s stock worth $685,000 after buying an additional 940 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. bought a new position in shares of Burlington Stores during the 2nd quarter valued at $564,000.

In other Burlington Stores news, CEO Thomas Kingsbury sold 20,000 shares of the business’s stock in a transaction dated Monday, September 10th. The shares were sold at an average price of $168.28, for a total value of $3,365,600.00. Following the completion of the transaction, the chief executive officer now directly owns 322,973 shares of the company’s stock, valued at $54,349,896.44. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Joyce Manning Magrini sold 2,500 shares of the business’s stock in a transaction dated Monday, October 1st. The stock was sold at an average price of $161.72, for a total transaction of $404,300.00. Following the completion of the transaction, the insider now directly owns 17,588 shares of the company’s stock, valued at $2,844,331.36. The disclosure for this sale can be found here. Insiders have sold a total of 88,142 shares of company stock valued at $14,466,014 over the last three months. 1.91% of the stock is currently owned by insiders.

Several research firms have issued reports on BURL. Bank of America raised their price target on shares of Burlington Stores from $180.00 to $190.00 and gave the stock a “buy” rating in a research report on Wednesday, November 14th. Wedbush downgraded shares of Burlington Stores from an “outperform” rating to a “neutral” rating and set a $175.00 price objective for the company. in a report on Friday, November 2nd. Zacks Investment Research downgraded shares of Burlington Stores from a “buy” rating to a “hold” rating and set a $193.00 price objective for the company. in a report on Monday, November 12th. SunTrust Banks raised their price objective on shares of Burlington Stores to $189.00 and gave the stock a “buy” rating in a report on Friday, August 31st. Finally, Goldman Sachs Group initiated coverage on shares of Burlington Stores in a report on Monday, September 3rd. They set a “neutral” rating and a $179.00 price objective for the company. One analyst has rated the stock with a sell rating, five have assigned a hold rating and seventeen have issued a buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $178.50.

Shares of BURL stock opened at $166.25 on Wednesday. Burlington Stores Inc has a 12-month low of $108.31 and a 12-month high of $180.27. The stock has a market cap of $11.17 billion, a P/E ratio of 38.04, a PEG ratio of 1.29 and a beta of 0.34. The company has a quick ratio of 0.24, a current ratio of 1.00 and a debt-to-equity ratio of 5.63.

Burlington Stores (NYSE:BURL) last announced its quarterly earnings results on Wednesday, November 28th. The company reported $1.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.06 by $0.15. Burlington Stores had a net margin of 7.12% and a return on equity of 293.30%. The firm had revenue of $1.63 billion during the quarter, compared to the consensus estimate of $1.61 billion. During the same period last year, the firm posted $0.70 EPS. The firm’s quarterly revenue was up 13.7% on a year-over-year basis. On average, equities research analysts expect that Burlington Stores Inc will post 6.37 EPS for the current fiscal year.

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Burlington Stores Profile

Burlington Stores, Inc operates as a retailer of branded apparel products in the United States. The company offers fashion-focused merchandise, including women's ready-to-wear apparel, accessories, footwear, menswear, youth apparel, coats, and gifts, as well as baby, home, and beauty products. As of February 3, 2018, it operated 629 stores, including an Internet store in 45 states and Puerto Rico.

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Institutional Ownership by Quarter for Burlington Stores (NYSE:BURL)

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