Optimize Financial Inc Takes Position in Burlington Stores, Inc. (NYSE:BURL)

Optimize Financial Inc acquired a new position in shares of Burlington Stores, Inc. (NYSE:BURL - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 2,036 shares of the company's stock, valued at approximately $580,000.

Other institutional investors have also modified their holdings of the company. IFP Advisors Inc grew its stake in Burlington Stores by 81.6% during the 4th quarter. IFP Advisors Inc now owns 89 shares of the company's stock worth $25,000 after buying an additional 40 shares during the last quarter. Fortitude Family Office LLC increased its holdings in shares of Burlington Stores by 148.6% in the 4th quarter. Fortitude Family Office LLC now owns 92 shares of the company's stock valued at $26,000 after acquiring an additional 55 shares during the period. Stonebridge Financial Group LLC purchased a new stake in Burlington Stores in the 4th quarter valued at $31,000. Farther Finance Advisors LLC boosted its stake in Burlington Stores by 104.5% during the 4th quarter. Farther Finance Advisors LLC now owns 135 shares of the company's stock worth $38,000 after purchasing an additional 69 shares during the period. Finally, Parkside Financial Bank & Trust grew its position in Burlington Stores by 157.1% during the 4th quarter. Parkside Financial Bank & Trust now owns 144 shares of the company's stock worth $41,000 after purchasing an additional 88 shares during the last quarter.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on BURL. Telsey Advisory Group reiterated an "outperform" rating and set a $340.00 target price on shares of Burlington Stores in a research note on Thursday, March 6th. Barclays lifted their target price on Burlington Stores from $317.00 to $329.00 and gave the company an "overweight" rating in a research note on Friday, March 7th. Morgan Stanley increased their price target on Burlington Stores from $296.00 to $297.00 and gave the stock an "overweight" rating in a report on Friday, March 7th. JPMorgan Chase & Co. dropped their price objective on shares of Burlington Stores from $336.00 to $287.00 and set an "overweight" rating on the stock in a research note on Monday. Finally, Citigroup cut their price objective on shares of Burlington Stores from $344.00 to $340.00 and set a "buy" rating for the company in a research report on Friday, March 7th. One analyst has rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $323.13.

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Insiders Place Their Bets

In other Burlington Stores news, CMO Jennifer Vecchio sold 4,939 shares of the firm's stock in a transaction on Thursday, March 20th. The stock was sold at an average price of $239.94, for a total transaction of $1,185,063.66. Following the completion of the transaction, the chief marketing officer now owns 70,006 shares of the company's stock, valued at approximately $16,797,239.64. This trade represents a 6.59 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 0.91% of the stock is currently owned by company insiders.

Burlington Stores Price Performance

Shares of NYSE:BURL traded down $3.33 during trading on Tuesday, hitting $236.13. 999,028 shares of the stock were exchanged, compared to its average volume of 972,181. The company has a market cap of $14.87 billion, a PE ratio of 32.35, a P/E/G ratio of 1.11 and a beta of 1.65. 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 fifty day moving average price of $240.69 and a two-hundred day moving average price of $263.02. Burlington Stores, Inc. has a 12-month low of $174.64 and a 12-month high of $298.89.

Burlington Stores (NYSE:BURL - Get Free Report) last posted its earnings results on Thursday, March 6th. The company reported $4.07 EPS for the quarter, topping analysts' consensus estimates of $3.75 by $0.32. Burlington Stores had a return on equity of 47.52% and a net margin of 4.49%. The company had revenue of $3.28 billion for the quarter, compared to the consensus estimate of $3.25 billion. On average, analysts forecast that Burlington Stores, Inc. will post 7.93 EPS for the current year.

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.