Contravisory Investment Management Inc. purchased a new position in shares of Burlington Stores, Inc. (NYSE:BURL – Free Report) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 3,308 shares of the company’s stock, valued at approximately $884,000.
Other large investors have also added to or reduced their stakes in the company. Reflection Asset Management acquired a new stake in Burlington Stores during the 4th quarter valued at $34,000. CoreCap Advisors LLC increased its holdings in shares of Burlington Stores by 923.1% in the third quarter. CoreCap Advisors LLC now owns 133 shares of the company’s stock valued at $36,000 after purchasing an additional 120 shares during the last quarter. Elevation Wealth Partners LLC raised its position in shares of Burlington Stores by 272.2% in the third quarter. Elevation Wealth Partners LLC now owns 134 shares of the company’s stock valued at $36,000 after purchasing an additional 98 shares during the period. SJS Investment Consulting Inc. raised its position in shares of Burlington Stores by 925.0% in the first quarter. SJS Investment Consulting Inc. now owns 205 shares of the company’s stock valued at $67,000 after purchasing an additional 185 shares during the period. Finally, CX Institutional raised its position in shares of Burlington Stores by 182.7% in the third quarter. CX Institutional now owns 212 shares of the company’s stock valued at $57,000 after purchasing an additional 137 shares during the period.
Burlington Stores Stock Performance
BURL stock traded down $4.62 during trading hours on Tuesday, hitting $263.54. 1,235,170 shares of the stock were exchanged, compared to its average volume of 962,810. Burlington Stores, Inc. has a 12 month low of $226.85 and a 12 month high of $378.33. The company has a current ratio of 1.17, a quick ratio of 0.47 and a debt-to-equity ratio of 0.95. The firm has a market capitalization of $16.55 billion, a P/E ratio of 23.66, a P/E/G ratio of 1.68 and a beta of 1.43. The company has a 50-day simple moving average of $288.84 and a two-hundred day simple moving average of $314.13.
Insiders Place Their Bets
In other Burlington Stores news, CMO Jennifer Vecchio sold 1,678 shares of the business’s stock in a transaction dated Thursday, October 1st. The shares were sold at an average price of $271.53, for a total value of $455,627.34. Following the completion of the sale, the chief marketing officer owned 74,305 shares of the company’s stock, valued at $20,176,036.65. The trade was a 2.21% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 1.30% of the stock is owned by company insiders.
Wall Street Analysts Forecast Growth
BURL has been the subject of several research analyst reports. Morgan Stanley reduced their target price on shares of Burlington Stores from $438.00 to $432.00 and set an “overweight” rating for the company in a report on Friday, August 28th. Weiss Ratings cut shares of Burlington Stores from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday, October 2nd. The Goldman Sachs Group cut their price objective on shares of Burlington Stores from $394.00 to $382.00 and set a “buy” rating for the company in a research report on Monday, August 31st. Evercore restated an “outperform” rating and set a $400.00 price objective on shares of Burlington Stores in a report on Monday, August 17th. Finally, UBS Group boosted their price objective on Burlington Stores from $435.00 to $440.00 and gave the stock a “buy” rating in a report on Monday, August 17th. Thirteen equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to MarketBeat.com, Burlington Stores currently has a consensus rating of “Moderate Buy” and an average target price of $370.75.
Get Our Latest Analysis on Burlington Stores
About Burlington Stores
Burlington Stores, Inc is an off-price retailer operating under the Burlington brand. The company offers a broad assortment of branded and private-label merchandise at prices generally below those of department stores and specialty retailers.
Its product categories include women’s, men’s and children’s clothing; footwear; accessories; beauty products; home goods; and baby merchandise. Burlington’s stores typically feature a continuously changing selection sourced through opportunistic purchasing, allowing the company to offer seasonal and fashion-oriented products across multiple departments.
The company was founded in 1972 as Burlington Coat Factory Warehouse Corporation and initially focused on selling coats and outerwear.
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