Buckingham Capital Management Inc. Has $4.97 Million Position in Burlington Stores, Inc. (NYSE:BURL)

Buckingham Capital Management Inc. lifted its stake in Burlington Stores, Inc. (NYSE:BURL - Free Report) by 159.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 17,419 shares of the company's stock after buying an additional 10,693 shares during the period. Buckingham Capital Management Inc.'s holdings in Burlington Stores were worth $4,965,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. RPg Family Wealth Advisory LLC acquired a new stake in shares of Burlington Stores in the third quarter valued at approximately $26,000. Fortitude Family Office LLC increased its holdings in shares of Burlington Stores by 148.6% in the fourth quarter. Fortitude Family Office LLC now owns 92 shares of the company's stock valued at $26,000 after purchasing an additional 55 shares in the last quarter. Stonebridge Financial Group LLC acquired a new stake in shares of Burlington Stores in the fourth quarter valued at approximately $31,000. Brooklyn Investment Group acquired a new stake in shares of Burlington Stores in the third quarter valued at approximately $33,000. Finally, MassMutual Private Wealth & Trust FSB increased its holdings in shares of Burlington Stores by 36.5% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 172 shares of the company's stock valued at $49,000 after purchasing an additional 46 shares in the last quarter.

Burlington Stores Stock Down 2.6 %

BURL traded down $6.25 during trading on Friday, hitting $235.74. The company had a trading volume of 873,043 shares, compared to its average volume of 796,881. The company has a market capitalization of $14.96 billion, a PE ratio of 32.29, a PEG ratio of 1.11 and a beta of 1.62. Burlington Stores, Inc. has a one year low of $174.64 and a one year high of $298.89. The firm's 50-day moving average price is $277.47 and its 200 day moving average price is $270.56. The company has a quick ratio of 0.54, a current ratio of 1.17 and a debt-to-equity ratio of 1.35.

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

Insider Activity at Burlington Stores

In other Burlington Stores news, CMO Jennifer Vecchio sold 494 shares of Burlington Stores stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $284.95, for a total value of $140,765.30. Following the sale, the chief marketing officer now directly owns 59,437 shares in the company, valued at approximately $16,936,573.15. The trade was a 0.82 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In the last ninety days, insiders have sold 1,481 shares of company stock valued at $421,892. 0.91% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on BURL shares. Barclays lowered their price target on shares of Burlington Stores from $327.00 to $317.00 and set an "overweight" rating for the company in a report on Wednesday, November 27th. Morgan Stanley raised their price target on shares of Burlington Stores from $285.00 to $305.00 and gave the company an "overweight" rating in a report on Wednesday, November 27th. Citigroup raised their price target on shares of Burlington Stores from $313.00 to $344.00 and gave the company a "buy" rating in a report on Wednesday, November 27th. Evercore ISI lifted their target price on shares of Burlington Stores from $315.00 to $340.00 and gave the stock an "outperform" rating in a report on Wednesday, November 27th. Finally, Telsey Advisory Group reaffirmed an "outperform" rating and set a $310.00 target price on shares of Burlington Stores in a report on Tuesday, November 26th. One research analyst has rated the stock with a hold rating and fifteen have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $317.87.

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.