Arrowstreet Capital Limited Partnership Boosts Position in Burlington Stores, Inc. (NYSE:BURL)

Arrowstreet Capital Limited Partnership boosted its stake in shares of Burlington Stores, Inc. (NYSE:BURL - Free Report) by 38.6% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 506,170 shares of the company's stock after buying an additional 141,020 shares during the quarter. Arrowstreet Capital Limited Partnership owned approximately 0.80% of Burlington Stores worth $144,289,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the stock. Allstate Corp bought a new stake in shares of Burlington Stores in the fourth quarter valued at $532,000. Orion Portfolio Solutions LLC lifted its holdings in Burlington Stores by 3.9% during the fourth quarter. Orion Portfolio Solutions LLC now owns 8,534 shares of the company's stock valued at $2,433,000 after purchasing an additional 323 shares during the last quarter. Pictet Asset Management Holding SA boosted its position in Burlington Stores by 11.6% during the fourth quarter. Pictet Asset Management Holding SA now owns 33,744 shares of the company's stock worth $9,619,000 after purchasing an additional 3,517 shares during the period. Norges Bank purchased a new position in shares of Burlington Stores in the fourth quarter worth about $227,268,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. lifted its stake in shares of Burlington Stores by 9.6% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 47,253 shares of the company's stock valued at $13,664,000 after buying an additional 4,143 shares in the last quarter.

Burlington Stores Price Performance

BURL stock traded down $5.14 during mid-day trading on Friday, hitting $230.52. 3,035,888 shares of the stock were exchanged, compared to its average volume of 959,951. The business has a fifty day moving average price of $248.86 and a 200 day moving average price of $265.30. Burlington Stores, Inc. has a 12 month low of $174.64 and a 12 month high of $298.89. The company has a debt-to-equity ratio of 1.35, a current ratio of 1.17 and a quick ratio of 0.54. The stock has a market capitalization of $14.57 billion, a price-to-earnings ratio of 31.58, a PEG ratio of 1.11 and a beta of 1.73.

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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 the consensus estimate of $3.75 by $0.32. The firm had revenue of $3.28 billion for the quarter, compared to the consensus estimate of $3.25 billion. Burlington Stores had a net margin of 4.49% and a return on equity of 47.52%. On average, sell-side analysts anticipate that Burlington Stores, Inc. will post 7.93 EPS for the current year.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the stock. Citigroup reduced their price objective on shares of Burlington Stores from $344.00 to $340.00 and set a "buy" rating for the company in a research note on Friday, March 7th. Morgan Stanley boosted their price objective on Burlington Stores from $296.00 to $297.00 and gave the company an "overweight" rating in a research note on Friday, March 7th. Barclays upped their price target on Burlington Stores from $317.00 to $329.00 and gave the company an "overweight" rating in a research report on Friday, March 7th. TD Cowen raised their price objective on shares of Burlington Stores from $334.00 to $339.00 and gave the company a "buy" rating in a research report on Thursday, December 12th. Finally, Telsey Advisory Group reaffirmed an "outperform" rating and set a $340.00 target price on shares of Burlington Stores in a report on Thursday, March 6th. One investment analyst has rated the stock with a hold rating and fifteen have issued a buy rating to the company's stock. According to MarketBeat.com, Burlington Stores presently has a consensus 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 firm's stock in a transaction on 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 sale, the chief marketing officer now owns 70,006 shares of the company's stock, valued at $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 available at the SEC website. 0.91% of the stock is owned by corporate insiders.

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.