Allstate Corp Makes New Investment in Burlington Stores, Inc. (NYSE:BURL)

Allstate Corp bought a new position in shares of Burlington Stores, Inc. (NYSE:BURL - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 1,865 shares of the company's stock, valued at approximately $532,000.

Several other institutional investors have also modified their holdings of the business. Norges Bank acquired a new position in Burlington Stores in the fourth quarter worth about $227,268,000. American Century Companies Inc. grew its position in shares of Burlington Stores by 17.1% in the 4th quarter. American Century Companies Inc. now owns 708,120 shares of the company's stock worth $201,857,000 after acquiring an additional 103,202 shares in the last quarter. Victory Capital Management Inc. increased its holdings in shares of Burlington Stores by 52.7% in the 4th quarter. Victory Capital Management Inc. now owns 222,151 shares of the company's stock valued at $63,326,000 after acquiring an additional 76,684 shares during the last quarter. Proficio Capital Partners LLC acquired a new stake in shares of Burlington Stores during the 4th quarter valued at approximately $20,965,000. Finally, Raymond James Financial Inc. bought a new position in Burlington Stores during the fourth quarter worth $17,330,000.

Burlington Stores Price Performance

NYSE:BURL traded down $5.14 during midday trading on Friday, hitting $230.52. 3,035,888 shares of the stock were exchanged, compared to its average volume of 959,458. The company has a market capitalization of $14.57 billion, a price-to-earnings ratio of 31.58, a P/E/G ratio of 1.11 and a beta of 1.73. The company has a current ratio of 1.17, a quick ratio of 0.54 and a debt-to-equity ratio of 1.35. Burlington Stores, Inc. has a one year low of $174.64 and a one year high of $298.89. The business has a 50-day moving average price of $248.86 and a two-hundred day moving average price of $265.23.

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

Analysts Set New Price Targets

Several analysts have weighed in on BURL shares. UBS Group boosted their target price on shares of Burlington Stores from $360.00 to $405.00 and gave the company a "buy" rating in a research note on Friday, March 7th. Citigroup dropped their price objective on shares of Burlington Stores from $344.00 to $340.00 and set a "buy" rating on the stock in a research note on Friday, March 7th. 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 research report on Friday, March 7th. Finally, Robert W. Baird boosted their price objective on Burlington Stores from $330.00 to $335.00 and gave the company an "outperform" rating in a research report on Friday, March 7th. One analyst has rated the stock with a hold rating and fifteen have issued a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $323.20.

Insider Activity

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