Assenagon Asset Management S.A. Lowers Stock Position in Burlington Stores, Inc. (NYSE:BURL)

Assenagon Asset Management S.A. lessened its stake in Burlington Stores, Inc. (NYSE:BURL - Free Report) by 27.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 67,003 shares of the company's stock after selling 25,364 shares during the period. Assenagon Asset Management S.A. owned 0.11% of Burlington Stores worth $19,100,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in BURL. M&T Bank Corp grew its position in shares of Burlington Stores by 1.5% during the 3rd quarter. M&T Bank Corp now owns 3,089 shares of the company's stock worth $813,000 after buying an additional 47 shares in the last quarter. Tributary Capital Management LLC boosted its holdings in shares of Burlington Stores by 1.0% in the 3rd quarter. Tributary Capital Management LLC now owns 4,991 shares of the company's stock valued at $1,315,000 after buying an additional 50 shares in the last quarter. Mount Lucas Management LP boosted its stake in Burlington Stores by 2.4% in the third quarter. Mount Lucas Management LP now owns 2,266 shares of the company's stock valued at $597,000 after acquiring an additional 54 shares in the last quarter. OneDigital Investment Advisors LLC boosted its position in shares of Burlington Stores by 5.5% in the 3rd quarter. OneDigital Investment Advisors LLC now owns 1,027 shares of the company's stock worth $271,000 after purchasing an additional 54 shares in the last quarter. Finally, Fortitude Family Office LLC grew its stake in Burlington Stores by 148.6% during the 4th quarter. Fortitude Family Office LLC now owns 92 shares of the company's stock worth $26,000 after buying an additional 55 shares during the last quarter.

Burlington Stores Price Performance

Shares of BURL stock traded up $1.02 during trading hours on Friday, hitting $290.46. 415,855 shares of the company's stock were exchanged, compared to its average volume of 584,832. 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 firm has a market cap of $18.44 billion, a P/E ratio of 39.79, a P/E/G ratio of 1.54 and a beta of 1.63. Burlington Stores, Inc. has a fifty-two week low of $174.64 and a fifty-two week high of $298.89. The firm has a 50 day moving average of $284.30 and a two-hundred day moving average of $266.87.

Burlington Stores (NYSE:BURL - Get Free Report) last issued its quarterly earnings results on Tuesday, November 26th. The company reported $1.55 earnings per share for the quarter, beating analysts' consensus estimates of $1.54 by $0.01. Burlington Stores had a net margin of 4.49% and a return on equity of 47.52%. The firm had revenue of $2.53 billion for the quarter, compared to analyst estimates of $2.55 billion. During the same period last year, the company posted $0.98 EPS. Burlington Stores's quarterly revenue was up 10.5% compared to the same quarter last year. Sell-side analysts forecast that Burlington Stores, Inc. will post 7.93 EPS for the current year.

Insider Activity at Burlington Stores

In other Burlington Stores news, CMO Jennifer Vecchio sold 494 shares of the company's stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $284.95, for a total value of $140,765.30. Following the completion of the sale, the chief marketing officer now directly owns 59,437 shares in the company, valued at $16,936,573.15. This represents a 0.82 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.91% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

BURL has been the subject of several research analyst reports. Telsey Advisory Group reaffirmed an "outperform" rating and issued a $310.00 price objective on shares of Burlington Stores in a research report on Tuesday, November 26th. TD Cowen raised their price target on shares of Burlington Stores from $334.00 to $339.00 and gave the stock a "buy" rating in a report on Thursday, December 12th. StockNews.com lowered shares of Burlington Stores from a "buy" rating to a "hold" rating in a report on Wednesday, October 23rd. Citigroup raised their target price on Burlington Stores from $313.00 to $344.00 and gave the stock a "buy" rating in a research note on Wednesday, November 27th. Finally, UBS Group upgraded Burlington Stores from a "neutral" rating to a "buy" rating and boosted their price target for the company from $280.00 to $360.00 in a research note on Friday, January 10th. One research analyst has rated the stock with a hold rating and fifteen have given a buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $317.87.

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.