5,448 Shares in Burlington Stores, Inc. (NYSE:BURL) Purchased by Blueshift Asset Management LLC

Blueshift Asset Management LLC purchased a new stake in shares of Burlington Stores, Inc. (NYSE:BURL - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 5,448 shares of the company's stock, valued at approximately $1,553,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Royal London Asset Management Ltd. raised its holdings in Burlington Stores by 0.9% during the fourth quarter. Royal London Asset Management Ltd. now owns 25,411 shares of the company's stock valued at $7,244,000 after buying an additional 237 shares in the last quarter. Harvest Fund Management Co. Ltd raised its stake in shares of Burlington Stores by 227.0% in the 4th quarter. Harvest Fund Management Co. Ltd now owns 3,443 shares of the company's stock valued at $981,000 after acquiring an additional 2,390 shares in the last quarter. Xponance Inc. lifted its holdings in Burlington Stores by 3.4% in the 4th quarter. Xponance Inc. now owns 16,641 shares of the company's stock worth $4,744,000 after purchasing an additional 540 shares during the last quarter. Intech Investment Management LLC boosted its position in Burlington Stores by 67.0% during the fourth quarter. Intech Investment Management LLC now owns 7,715 shares of the company's stock worth $2,199,000 after purchasing an additional 3,094 shares during the period. Finally, Natixis Advisors LLC grew its holdings in Burlington Stores by 5.3% during the fourth quarter. Natixis Advisors LLC now owns 23,617 shares of the company's stock valued at $6,732,000 after purchasing an additional 1,198 shares during the last quarter.

Remove Ads

Burlington Stores Price Performance

NYSE BURL traded up $14.88 on Monday, reaching $248.84. The company's stock had a trading volume of 1,010,400 shares, compared to its average volume of 937,484. The firm has a market cap of $15.73 billion, a PE ratio of 34.09, a price-to-earnings-growth 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 52 week low of $174.64 and a 52 week high of $298.89. The business has a 50-day moving average price of $257.35 and a 200 day moving average price of $266.95.

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

Insider Buying and Selling at Burlington Stores

In other news, CMO Jennifer Vecchio sold 493 shares of Burlington Stores stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $275.75, for a total value of $135,944.75. Following the completion of the transaction, the chief marketing officer now owns 58,944 shares in the company, valued at approximately $16,253,808. The trade was a 0.83 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Over the last three months, insiders sold 5,926 shares of company stock valued at $1,461,774. 0.91% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on BURL shares. TD Cowen boosted their price objective on shares of Burlington Stores from $334.00 to $339.00 and gave the stock a "buy" rating in a research note on Thursday, December 12th. Robert W. Baird upped their price target on shares of Burlington Stores from $330.00 to $335.00 and gave the company an "outperform" rating in a report on Friday, March 7th. UBS Group lifted their price objective on Burlington Stores from $360.00 to $405.00 and gave the stock a "buy" rating in a research note on Friday, March 7th. Evercore ISI increased their target price on Burlington Stores from $315.00 to $340.00 and gave the company an "outperform" rating in a research note on Wednesday, November 27th. Finally, Morgan Stanley lifted 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. One analyst has rated the stock with a hold rating and fifteen have issued a buy rating to the company. According to data from MarketBeat, Burlington Stores presently has an average rating of "Moderate Buy" and an average price target of $323.20.

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.