Argentarii LLC Invests $482,000 in Burlington Stores, Inc. (NYSE:BURL)

Argentarii LLC purchased a new position in shares of Burlington Stores, Inc. (NYSE:BURL - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 1,691 shares of the company's stock, valued at approximately $482,000.

A number of other large investors have also recently bought and sold shares of BURL. Massachusetts Financial Services Co. MA raised its position in Burlington Stores by 1,048.8% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 730,524 shares of the company's stock worth $192,478,000 after buying an additional 666,934 shares during the last quarter. Victory Capital Management Inc. raised its position in Burlington Stores by 52.7% during the 4th quarter. Victory Capital Management Inc. now owns 222,151 shares of the company's stock worth $63,326,000 after buying an additional 76,684 shares during the last quarter. Proficio Capital Partners LLC acquired a new position in Burlington Stores during the fourth quarter worth $20,965,000. Raymond James Financial Inc. acquired a new position in Burlington Stores during the fourth quarter worth $17,330,000. Finally, Principal Financial Group Inc. lifted its holdings in Burlington Stores by 35.3% in the fourth quarter. Principal Financial Group Inc. now owns 227,020 shares of the company's stock valued at $64,714,000 after acquiring an additional 59,173 shares during the period.

Insider Activity at Burlington Stores

In related news, CMO Jennifer Vecchio sold 494 shares of the stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $284.95, for a total transaction of $140,765.30. Following the transaction, the chief marketing officer now directly owns 59,437 shares in the company, valued at approximately $16,936,573.15. This represents a 0.82 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.91% of the company's stock.

Remove Ads

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the stock. UBS Group increased their price target on shares of Burlington Stores from $360.00 to $405.00 and gave the company a "buy" rating in a report on Friday, March 7th. Citigroup dropped their target price on shares of Burlington Stores from $344.00 to $340.00 and set a "buy" rating for the company in a report on Friday, March 7th. TD Cowen boosted their price target on Burlington Stores from $334.00 to $339.00 and gave the stock a "buy" rating in a research note on Thursday, December 12th. Barclays raised their price objective on Burlington Stores from $317.00 to $329.00 and gave the company an "overweight" rating in a research note on Friday, March 7th. Finally, Morgan Stanley lifted their price objective on Burlington Stores from $296.00 to $297.00 and gave the stock an "overweight" rating in a 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 currently has a consensus rating of "Moderate Buy" and a consensus price target of $323.20.

Burlington Stores Price Performance

Shares of BURL traded down $15.01 during trading hours on Thursday, reaching $228.24. 1,454,021 shares of the company traded hands, compared to its average volume of 1,131,367. 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 stock has a market capitalization of $14.49 billion, a PE ratio of 31.27, a price-to-earnings-growth ratio of 1.11 and a beta of 1.73. Burlington Stores, Inc. has a fifty-two week low of $174.64 and a fifty-two week high of $298.89. The stock has a fifty day simple moving average of $265.36 and a 200 day simple moving average of $268.85.

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, beating analysts' consensus estimates of $3.75 by $0.32. The business had revenue of $3.28 billion for the quarter, compared to analyst estimates of $3.25 billion. Burlington Stores had a return on equity of 47.52% and a net margin of 4.49%. As a group, research analysts predict that Burlington Stores, Inc. will post 7.93 EPS for the current fiscal 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.