Aviva PLC Reduces Position in Burlington Stores, Inc. (NYSE:BURL)

Aviva PLC cut its stake in Burlington Stores, Inc. (NYSE:BURL - Free Report) by 10.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 38,371 shares of the company's stock after selling 4,708 shares during the quarter. Aviva PLC owned about 0.06% of Burlington Stores worth $10,938,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. IFP Advisors Inc raised its holdings in Burlington Stores by 81.6% in the fourth quarter. IFP Advisors Inc now owns 89 shares of the company's stock worth $25,000 after purchasing an additional 40 shares in the last quarter. Fortitude Family Office LLC grew its position 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 worth $26,000 after buying an additional 55 shares during the last quarter. Stonebridge Financial Group LLC bought a new position in shares of Burlington Stores during the 4th quarter worth approximately $31,000. Farther Finance Advisors LLC lifted its position in Burlington Stores by 104.5% during the fourth quarter. Farther Finance Advisors LLC now owns 135 shares of the company's stock valued at $38,000 after acquiring an additional 69 shares during the last quarter. Finally, Parkside Financial Bank & Trust boosted its stake in Burlington Stores by 157.1% in the fourth quarter. Parkside Financial Bank & Trust now owns 144 shares of the company's stock valued at $41,000 after acquiring an additional 88 shares in the last quarter.

Burlington Stores Price Performance

Shares of Burlington Stores stock traded up $6.78 on Monday, hitting $247.83. The company's stock had a trading volume of 209,622 shares, compared to its average volume of 969,195. The company has a market capitalization of $15.61 billion, a price-to-earnings ratio of 33.95, a price-to-earnings-growth ratio of 1.11 and a beta of 1.65. The firm has a fifty day moving average price of $241.92 and a 200-day moving average price of $263.38. The company has a debt-to-equity ratio of 1.35, a quick ratio of 0.54 and a current ratio of 1.17. Burlington Stores, Inc. has a 1 year low of $174.64 and a 1 year high of $298.89.

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Burlington Stores (NYSE:BURL - Get Free Report) last announced its earnings results on Thursday, March 6th. The company reported $4.07 earnings per share for the quarter, topping the consensus estimate of $3.75 by $0.32. The business had revenue of $3.28 billion during 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%. As a group, sell-side analysts anticipate that Burlington Stores, Inc. will post 7.93 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several analysts have recently commented on BURL shares. Citigroup decreased their price objective on Burlington Stores from $344.00 to $340.00 and set a "buy" rating for the company in a report on Friday, March 7th. Morgan Stanley raised 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. Robert W. Baird lifted their target price on shares of Burlington Stores from $330.00 to $335.00 and gave the stock an "outperform" rating in a research note on Friday, March 7th. Telsey Advisory Group reaffirmed an "outperform" rating and issued a $340.00 price target on shares of Burlington Stores in a report on Thursday, March 6th. Finally, Barclays boosted their price objective on shares of Burlington Stores from $317.00 to $329.00 and gave the company an "overweight" rating in a report on Friday, March 7th. One research analyst has rated the stock with a hold rating and fifteen have assigned a buy rating to the company. Based on data from MarketBeat, Burlington Stores presently has an average rating of "Moderate Buy" and an average price target of $323.20.

Insider Buying and Selling

In other Burlington Stores news, CMO Jennifer Vecchio sold 4,939 shares of the stock in a transaction that occurred 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 $16,797,239.64. This represents a 6.59 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.91% of the company's stock.

Burlington Stores Company 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.