Custom Index Systems LLC Has $497,000 Stock Position in Burlington Stores, Inc. (NYSE:BURL)

Custom Index Systems LLC cut its stake in shares of Burlington Stores, Inc. (NYSE:BURL) by 24.0% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 1,888 shares of the company’s stock after selling 595 shares during the quarter. Custom Index Systems LLC’s holdings in Burlington Stores were worth $497,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Crewe Advisors LLC bought a new position in Burlington Stores in the 2nd quarter valued at approximately $25,000. ORG Partners LLC bought a new position in shares of Burlington Stores during the second quarter valued at $38,000. Blue Trust Inc. lifted its holdings in shares of Burlington Stores by 619.2% during the second quarter. Blue Trust Inc. now owns 187 shares of the company’s stock worth $43,000 after purchasing an additional 161 shares during the period. American National Bank bought a new stake in shares of Burlington Stores in the second quarter worth $47,000. Finally, UMB Bank n.a. increased its holdings 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.

Burlington Stores Stock Down 0.5 %

BURL stock traded down $1.24 during trading on Friday, reaching $251.65. 634,497 shares of the stock were exchanged, compared to its average volume of 890,949. The firm’s 50 day moving average is $264.23 and its 200 day moving average is $236.70. The firm has a market cap of $16.06 billion, a P/E ratio of 42.15, a price-to-earnings-growth ratio of 1.28 and a beta of 1.64. The company has a current ratio of 1.04, a quick ratio of 0.48 and a debt-to-equity ratio of 1.15. Burlington Stores, Inc. has a twelve month low of $116.33 and a twelve month high of $282.49.

Burlington Stores (NYSE:BURL) last issued its earnings results on Thursday, August 29th. The company reported $1.20 earnings per share for the quarter, topping analysts’ consensus estimates of $0.95 by $0.25. Burlington Stores had a return on equity of 47.43% and a net margin of 4.18%. The company had revenue of $2.47 billion for the quarter, compared to analyst estimates of $2.42 billion. During the same period in the prior year, the firm earned $0.60 earnings per share. Burlington Stores’s revenue for the quarter was up 13.4% on a year-over-year basis. As a group, research analysts forecast that Burlington Stores, Inc. will post 7.91 EPS for the current year.

Insiders Place Their Bets

In other news, Director Paul Sullivan sold 1,705 shares of the business’s stock in a transaction dated Thursday, September 19th. The shares were sold at an average price of $277.05, for a total transaction of $472,370.25. Following the completion of the sale, the director now directly owns 7,393 shares of the company’s stock, valued at $2,048,230.65. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In related news, CMO Jennifer Vecchio sold 494 shares of the stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $255.37, for a total value of $126,152.78. Following the completion of the sale, the chief marketing officer now directly owns 61,907 shares of the company’s stock, valued at approximately $15,809,190.59. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Paul Sullivan sold 1,705 shares of Burlington Stores stock in a transaction on Thursday, September 19th. The stock was sold at an average price of $277.05, for a total transaction of $472,370.25. Following the transaction, the director now directly owns 7,393 shares in the company, valued at $2,048,230.65. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 2,283 shares of company stock worth $619,599. Insiders own 0.91% of the company’s stock.

Analysts Set New Price Targets

BURL has been the topic of several recent research reports. Bank of America lifted their target price on Burlington Stores from $275.00 to $315.00 and gave the stock a “buy” rating in a report on Friday, August 30th. StockNews.com lowered Burlington Stores from a “buy” rating to a “hold” rating in a research note on Wednesday. Citigroup increased their target price on shares of Burlington Stores from $276.00 to $313.00 and gave the company a “buy” rating in a research report on Friday, August 30th. Evercore ISI boosted their price target on shares of Burlington Stores from $300.00 to $315.00 and gave the stock an “outperform” rating in a research report on Friday, August 30th. Finally, TD Cowen increased their price objective on shares of Burlington Stores from $279.00 to $288.00 and gave the stock a “buy” rating in a research report on Friday, August 30th. Two investment analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company’s stock. Based on data from MarketBeat, Burlington Stores has a consensus rating of “Moderate Buy” and a consensus target price of $294.94.

Burlington Stores Company 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.