Burlington Stores, Inc. (NYSE:BURL) Shares Sold by Victory Capital Management Inc.

Victory Capital Management Inc. lessened its stake in Burlington Stores, Inc. (NYSE:BURL) by 14.7% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 145,467 shares of the company’s stock after selling 25,098 shares during the quarter. Victory Capital Management Inc. owned about 0.23% of Burlington Stores worth $38,328,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Crewe Advisors LLC acquired a new position in Burlington Stores in the 2nd quarter valued at about $25,000. ORG Partners LLC acquired a new position in Burlington Stores in the second quarter valued at approximately $38,000. Blue Trust Inc. grew its position in Burlington Stores by 619.2% in the second 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. American National Bank acquired a new stake in Burlington Stores during the second quarter worth $47,000. Finally, UMB Bank n.a. raised its position in Burlington Stores by 391.7% in the third quarter. UMB Bank n.a. now owns 177 shares of the company’s stock valued at $47,000 after purchasing an additional 141 shares during the period.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on BURL. The Goldman Sachs Group raised their price objective on Burlington Stores from $278.00 to $310.00 and gave the stock a “buy” rating in a research report on Friday, August 30th. UBS Group lifted their price target on shares of Burlington Stores from $270.00 to $280.00 and gave the company a “neutral” rating in a research report on Thursday. Morgan Stanley upped their price objective on shares of Burlington Stores from $284.00 to $300.00 and gave the stock an “overweight” rating in a report on Friday, August 30th. StockNews.com downgraded shares of Burlington Stores from a “buy” rating to a “hold” rating in a report on Wednesday, October 23rd. Finally, Bank of America upped their price target on Burlington Stores from $275.00 to $315.00 and gave the stock a “buy” rating in a research note on Friday, August 30th. Two equities research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $297.56.

Burlington Stores Stock Performance

Shares of BURL opened at $268.94 on Friday. The stock has a 50-day simple moving average of $260.80 and a 200-day simple moving average of $244.48. 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 1 year low of $128.57 and a 1 year high of $282.49. The stock has a market capitalization of $17.12 billion, a PE ratio of 40.44, a PEG ratio of 1.36 and a beta of 1.64.

Burlington Stores (NYSE:BURL) last posted its quarterly earnings results on Thursday, August 29th. The company reported $1.20 EPS for the quarter, topping the consensus estimate of $0.95 by $0.25. Burlington Stores had a net margin of 4.18% and a return on equity of 47.43%. The company had revenue of $2.47 billion during the quarter, compared to analysts’ expectations of $2.42 billion. During the same quarter in the previous year, the business posted $0.60 EPS. The firm’s revenue was up 13.4% on a year-over-year basis. On average, analysts predict that Burlington Stores, Inc. will post 7.93 earnings per share for the current fiscal year.

Insider Activity at Burlington Stores

In related news, Director Paul Sullivan sold 1,705 shares of the company’s stock in a transaction that occurred on Thursday, September 19th. The stock was sold at an average price of $277.05, for a total value of $472,370.25. Following the completion of the transaction, the director now directly owns 7,393 shares of the company’s stock, valued at $2,048,230.65. This represents a 18.74 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.91% of the stock is currently owned by corporate insiders.

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.