Boothbay Fund Management LLC Acquires 17,156 Shares of Burlington Stores, Inc. (NYSE:BURL)

Boothbay Fund Management LLC lifted its stake in Burlington Stores, Inc. (NYSE:BURL - Free Report) by 37.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 63,251 shares of the company's stock after purchasing an additional 17,156 shares during the quarter. Boothbay Fund Management LLC owned about 0.10% of Burlington Stores worth $18,030,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in BURL. Buckingham Capital Management Inc. grew its stake in shares of Burlington Stores by 159.0% in the fourth quarter. Buckingham Capital Management Inc. now owns 17,419 shares of the company's stock worth $4,965,000 after acquiring an additional 10,693 shares during the last quarter. Logan Capital Management Inc. boosted its stake in Burlington Stores by 9.1% in the 3rd quarter. Logan Capital Management Inc. now owns 56,354 shares of the company's stock worth $14,848,000 after purchasing an additional 4,695 shares in the last quarter. Allspring Global Investments Holdings LLC grew its position in Burlington Stores by 7.5% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 378,921 shares of the company's stock valued at $108,292,000 after purchasing an additional 26,412 shares during the last quarter. Grandeur Peak Global Advisors LLC raised its holdings in Burlington Stores by 3.0% in the fourth quarter. Grandeur Peak Global Advisors LLC now owns 45,056 shares of the company's stock worth $12,844,000 after buying an additional 1,305 shares during the last quarter. Finally, HB Wealth Management LLC bought a new position in shares of Burlington Stores in the fourth quarter worth approximately $265,000.

Insiders Place Their Bets

In related news, CMO Jennifer Vecchio sold 4,939 shares of the stock in a transaction dated Thursday, March 20th. The shares were sold at an average price of $239.94, for a total value 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 approximately $16,797,239.64. This trade represents a 6.59 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 1.10% of the company's stock.

Burlington Stores Trading Up 0.9 %

Shares of Burlington Stores stock opened at $223.06 on Friday. The company has a debt-to-equity ratio of 1.35, a quick ratio of 0.54 and a current ratio of 1.17. The company has a fifty day moving average of $236.12 and a 200 day moving average of $260.98. The company has a market capitalization of $14.05 billion, a P/E ratio of 30.56, a P/E/G ratio of 1.11 and a beta of 1.65. Burlington Stores, Inc. has a fifty-two week low of $175.30 and a fifty-two week high of $298.89.

Burlington Stores (NYSE:BURL - Get Free Report) last posted its quarterly earnings results on Thursday, March 6th. The company reported $4.07 EPS for the quarter, topping analysts' consensus estimates of $3.75 by $0.32. The company had revenue of $3.28 billion for 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%. On average, sell-side analysts anticipate that Burlington Stores, Inc. will post 7.93 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the company. Telsey Advisory Group reaffirmed an "outperform" rating and issued a $340.00 price objective on shares of Burlington Stores in a research report on Thursday, March 6th. 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. Barclays upped their target price on shares of Burlington Stores from $317.00 to $329.00 and gave the company an "overweight" rating in a research note on Friday, March 7th. Robert W. Baird lifted their price target 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. Finally, JPMorgan Chase & Co. lowered their price objective on shares of Burlington Stores from $336.00 to $287.00 and set an "overweight" rating on the stock in a research report on Monday, April 14th. One investment analyst has rated the stock with a hold rating and fifteen have given a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $323.13.

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.

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