Burlington Stores, Inc. (NYSE:BURL) Shares Sold by Jennison Associates LLC

Jennison Associates LLC decreased its holdings in shares of Burlington Stores, Inc. (NYSE:BURL - Free Report) by 3.0% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 494,644 shares of the company's stock after selling 15,430 shares during the period. Jennison Associates LLC owned approximately 0.78% of Burlington Stores worth $141,003,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. RPg Family Wealth Advisory LLC acquired a new stake in shares of Burlington Stores during the third quarter worth about $26,000. Fortitude Family Office LLC raised its position in Burlington Stores by 148.6% during 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. Brooklyn Investment Group purchased a new position in Burlington Stores during the 3rd quarter worth $33,000. UMB Bank n.a. raised its position in Burlington Stores by 391.7% during the 3rd quarter. UMB Bank n.a. now owns 177 shares of the company's stock worth $47,000 after buying an additional 141 shares during the last quarter. Finally, MassMutual Private Wealth & Trust FSB raised its position in Burlington Stores by 36.5% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 172 shares of the company's stock worth $49,000 after buying an additional 46 shares during the last quarter.

Insider Activity at Burlington Stores

In other Burlington Stores news, CMO Jennifer Vecchio sold 493 shares of the firm's stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $275.75, for a total transaction of $135,944.75. Following the sale, the chief marketing officer now directly owns 58,944 shares of the company's stock, valued at $16,253,808. This trade represents a 0.83 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In the last three months, insiders have sold 1,481 shares of company stock valued at $421,892. Insiders own 0.91% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have commented on the stock. TD Cowen upped their price objective on shares of Burlington Stores from $334.00 to $339.00 and gave the stock a "buy" rating in a research report on Thursday, December 12th. UBS Group upgraded shares of Burlington Stores from a "neutral" rating to a "buy" rating and upped their price objective for the stock from $280.00 to $360.00 in a research report on Friday, January 10th. Citigroup upped their price objective on shares of Burlington Stores from $313.00 to $344.00 and gave the stock a "buy" rating in a research report on Wednesday, November 27th. Evercore ISI upped their price objective on shares of Burlington Stores from $315.00 to $340.00 and gave the stock an "outperform" rating in a research report on Wednesday, November 27th. Finally, Telsey Advisory Group reiterated an "outperform" rating and issued a $310.00 price target on shares of Burlington Stores in a report on Tuesday, November 26th. One equities research 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 company currently has a consensus rating of "Moderate Buy" and an average target price of $317.87.

Burlington Stores Price Performance

NYSE BURL traded up $0.50 during trading hours on Thursday, reaching $269.06. The company's stock had a trading volume of 1,144,577 shares, compared to its average volume of 738,532. The stock has a market cap of $17.08 billion, a PE ratio of 36.86, a PEG ratio of 1.53 and a beta of 1.62. Burlington Stores, Inc. has a fifty-two week low of $174.64 and a fifty-two week high of $298.89. The company's 50-day moving average is $286.76 and its two-hundred day moving average is $270.89. 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 (NYSE:BURL - Get Free Report) last issued its quarterly earnings data on Tuesday, November 26th. The company reported $1.55 EPS for the quarter, beating analysts' consensus estimates of $1.54 by $0.01. The firm 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% on a year-over-year basis. During the same period in the prior year, the company earned $0.98 EPS. Analysts forecast that Burlington Stores, Inc. will post 7.93 EPS for the current year.

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.