Burlington Stores, Inc. (NYSE:BURL) Shares Bought by American Century Companies Inc.

American Century Companies Inc. boosted its stake in shares of Burlington Stores, Inc. (NYSE:BURL - Free Report) by 17.1% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 708,120 shares of the company's stock after acquiring an additional 103,202 shares during the quarter. American Century Companies Inc. owned approximately 1.12% of Burlington Stores worth $201,857,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. IFP Advisors Inc boosted its position in shares of Burlington Stores by 81.6% in the 4th quarter. IFP Advisors Inc now owns 89 shares of the company's stock worth $25,000 after purchasing an additional 40 shares during the last quarter. Fortitude Family Office LLC lifted its stake in 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 in the last quarter. RPg Family Wealth Advisory LLC acquired a new position in Burlington Stores during the third quarter worth $26,000. Stonebridge Financial Group LLC bought a new position in shares of Burlington Stores in the 4th quarter valued at about $31,000. Finally, Brooklyn Investment Group acquired a new position in shares of Burlington Stores during the 3rd quarter worth approximately $33,000.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on BURL shares. Telsey Advisory Group reissued an "outperform" rating and issued a $340.00 price objective on shares of Burlington Stores in a research report on Thursday, March 6th. TD Cowen upped their price objective on shares of Burlington Stores from $334.00 to $339.00 and gave the stock a "buy" rating in a research report on Thursday, December 12th. Morgan Stanley lifted their price target on Burlington Stores from $296.00 to $297.00 and gave the company an "overweight" rating in a research note on Friday, March 7th. Evercore ISI upped their price objective on shares of Burlington Stores from $315.00 to $340.00 and gave the stock an "outperform" rating in a research report on Wednesday, November 27th. Finally, UBS Group lifted their price target on Burlington Stores from $360.00 to $405.00 and gave the company a "buy" rating in a research note on Friday, March 7th. One investment analyst has rated the stock with a hold rating and fifteen have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $323.20.

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Insiders Place Their Bets

In other news, CMO Jennifer Vecchio sold 4,939 shares of the firm's stock in a transaction that occurred 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 completion of the sale, the chief marketing officer now directly owns 70,006 shares of the company's stock, valued at $16,797,239.64. This trade represents a 6.59 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Over the last quarter, insiders have sold 5,926 shares of company stock valued at $1,461,774. 0.91% of the stock is owned by corporate insiders.

Burlington Stores Stock Up 0.5 %

Shares of BURL traded up $1.28 during mid-day trading on Thursday, hitting $245.75. 683,594 shares of the company traded hands, compared to its average volume of 935,758. Burlington Stores, Inc. has a 1-year low of $174.64 and a 1-year high of $298.89. The company has a quick ratio of 0.54, a current ratio of 1.17 and a debt-to-equity ratio of 1.35. The company has a market capitalization of $15.53 billion, a PE ratio of 33.66, a price-to-earnings-growth ratio of 1.11 and a beta of 1.73. The business has a 50 day moving average of $255.77 and a 200 day moving average of $266.69.

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

About Burlington Stores

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.