M&T Bank Corp Purchases 47 Shares of Burlington Stores, Inc. (NYSE:BURL)

M&T Bank Corp grew its position in shares of Burlington Stores, Inc. (NYSE:BURL) by 1.5% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 3,089 shares of the company’s stock after buying an additional 47 shares during the quarter. M&T Bank Corp’s holdings in Burlington Stores were worth $813,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. RPg Family Wealth Advisory LLC purchased a new stake in Burlington Stores during the third quarter worth about $26,000. Crewe Advisors LLC bought a new position in shares of Burlington Stores during the 2nd quarter valued at approximately $25,000. Brooklyn Investment Group purchased a new stake in shares of Burlington Stores during the 3rd quarter worth approximately $33,000. UMB Bank n.a. raised its holdings in shares of Burlington Stores by 391.7% in the 3rd quarter. UMB Bank n.a. now owns 177 shares of the company’s stock worth $47,000 after purchasing an additional 141 shares during the period. Finally, Blue Trust Inc. lifted its stake in Burlington Stores by 619.2% in the second quarter. Blue Trust Inc. now owns 187 shares of the company’s stock valued at $43,000 after purchasing an additional 161 shares during the last quarter.

Burlington Stores Stock Performance

Shares of BURL opened at $287.68 on Tuesday. Burlington Stores, Inc. has a 12-month low of $174.64 and a 12-month high of $298.89. The company has a current ratio of 1.17, a quick ratio of 0.54 and a debt-to-equity ratio of 1.35. The company has a market cap of $18.26 billion, a PE ratio of 39.41, a price-to-earnings-growth ratio of 1.58 and a beta of 1.64. The stock has a 50-day moving average price of $268.43 and a 200-day moving average price of $258.54.

Burlington Stores (NYSE:BURL) last announced its earnings results on Tuesday, November 26th. The company reported $1.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.54 by $0.01. The business had revenue of $2.53 billion during the quarter, compared to analyst estimates of $2.55 billion. Burlington Stores had a net margin of 4.49% and a return on equity of 47.52%. Burlington Stores’s revenue for the quarter was up 10.5% on a year-over-year basis. During the same period in the previous year, the business posted $0.98 earnings per share. As a group, equities analysts forecast that Burlington Stores, Inc. will post 7.93 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts have issued reports on BURL shares. UBS Group raised their target price on Burlington Stores from $270.00 to $280.00 and gave the stock a “neutral” rating in a research report on Thursday, November 14th. Robert W. Baird lifted their price objective on Burlington Stores from $315.00 to $330.00 and gave the stock an “outperform” rating in a report on Wednesday, November 27th. Gordon Haskett raised shares of Burlington Stores from a “hold” rating to a “buy” rating and set a $300.00 price objective on the stock in a report on Monday, August 19th. The Goldman Sachs Group lifted their target price on shares of Burlington Stores from $278.00 to $310.00 and gave the stock a “buy” rating in a research note on Friday, August 30th. Finally, Evercore ISI upped their price target on shares of Burlington Stores from $315.00 to $340.00 and gave the company an “outperform” rating in a research note on Wednesday, November 27th. Two research 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 presently has a consensus rating of “Moderate Buy” and an average price target of $308.00.

Insider Buying and Selling

In related news, Director Paul Sullivan sold 1,705 shares of the business’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 sale, the director now owns 7,393 shares in the company, valued at $2,048,230.65. The trade was a 18.74 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CMO Jennifer Vecchio sold 494 shares of the stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $293.89, for a total transaction of $145,181.66. Following the transaction, the chief marketing officer now owns 59,931 shares in the company, valued at $17,613,121.59. The trade was a 0.82 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 2,283 shares of company stock worth $638,628. Corporate insiders own 0.91% of the company’s stock.

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.