Burlington Stores, Inc. (NYSE:BURL) Shares Bought by Grandeur Peak Global Advisors LLC

Grandeur Peak Global Advisors LLC raised its position in shares of Burlington Stores, Inc. (NYSE:BURL - Free Report) by 3.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 45,056 shares of the company's stock after acquiring an additional 1,305 shares during the period. Burlington Stores makes up about 1.1% of Grandeur Peak Global Advisors LLC's investment portfolio, making the stock its 27th largest position. Grandeur Peak Global Advisors LLC owned 0.07% of Burlington Stores worth $12,844,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in BURL. IFP Advisors Inc grew its position in Burlington Stores by 81.6% in the 4th quarter. IFP Advisors Inc now owns 89 shares of the company's stock valued at $25,000 after acquiring an additional 40 shares during the last quarter. Fortitude Family Office LLC grew 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 worth $26,000 after purchasing an additional 55 shares during the last quarter. Stonebridge Financial Group LLC purchased a new position in Burlington Stores in the 4th quarter worth about $31,000. Farther Finance Advisors LLC lifted its holdings in Burlington Stores by 104.5% during the 4th quarter. Farther Finance Advisors LLC now owns 135 shares of the company's stock valued at $38,000 after buying an additional 69 shares in the last quarter. Finally, Parkside Financial Bank & Trust lifted its holdings in Burlington Stores by 157.1% during the 4th quarter. Parkside Financial Bank & Trust now owns 144 shares of the company's stock valued at $41,000 after buying an additional 88 shares in the last quarter.

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Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the stock. Morgan Stanley raised their target price on shares of Burlington Stores from $296.00 to $297.00 and gave the stock an "overweight" rating in a research report on Friday, March 7th. Citigroup lowered their target price on Burlington Stores from $344.00 to $340.00 and set a "buy" rating for the company in a report on Friday, March 7th. Barclays raised their price target on Burlington Stores from $317.00 to $329.00 and gave the company an "overweight" rating in a research note on Friday, March 7th. UBS Group upped their price objective on shares of Burlington Stores from $360.00 to $405.00 and gave the stock a "buy" rating in a research note on Friday, March 7th. Finally, Robert W. Baird raised their target price on shares of Burlington Stores from $330.00 to $335.00 and gave the company an "outperform" rating in a research report on Friday, March 7th. One investment analyst has rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $323.13.

Burlington Stores Stock Down 1.4 %

BURL stock traded down $3.33 on Tuesday, hitting $236.13. 999,028 shares of the company's stock were exchanged, compared to its average volume of 972,181. The firm has a 50 day moving average price of $240.69 and a two-hundred day moving average price of $263.02. Burlington Stores, Inc. has a 12-month low of $174.64 and a 12-month high of $298.89. The stock has a market cap of $14.87 billion, a P/E ratio of 32.35, a price-to-earnings-growth ratio of 1.11 and a beta of 1.65. 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 results on Thursday, March 6th. The company reported $4.07 earnings per share for the quarter, topping analysts' consensus estimates of $3.75 by $0.32. The business had revenue of $3.28 billion for the quarter, compared to analyst estimates of $3.25 billion. Burlington Stores had a return on equity of 47.52% and a net margin of 4.49%. As a group, equities research analysts expect that Burlington Stores, Inc. will post 7.93 EPS for the current fiscal year.

Insider Transactions at Burlington Stores

In related news, CMO Jennifer Vecchio sold 4,939 shares of the stock in a transaction that occurred 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 transaction, the chief marketing officer now owns 70,006 shares in the company, valued at approximately $16,797,239.64. This represents a 6.59 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.91% of the company's stock.

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.