Vestcor Inc Grows Holdings in Burlington Stores, Inc. (NYSE:BURL)

Vestcor Inc increased its stake in Burlington Stores, Inc. (NYSE:BURL - Free Report) by 86.9% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 32,914 shares of the company's stock after purchasing an additional 15,300 shares during the quarter. Vestcor Inc owned about 0.05% of Burlington Stores worth $8,672,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. M&T Bank Corp grew its position in Burlington Stores by 1.5% during the third quarter. M&T Bank Corp now owns 3,089 shares of the company's stock worth $813,000 after buying an additional 47 shares in the last quarter. Tributary Capital Management LLC grew its position in Burlington Stores by 1.0% during the third quarter. Tributary Capital Management LLC now owns 4,991 shares of the company's stock worth $1,315,000 after buying an additional 50 shares in the last quarter. Signaturefd LLC grew its position in Burlington Stores by 9.1% during the second quarter. Signaturefd LLC now owns 648 shares of the company's stock worth $156,000 after buying an additional 54 shares in the last quarter. Mount Lucas Management LP lifted its stake in Burlington Stores by 2.4% during the third quarter. Mount Lucas Management LP now owns 2,266 shares of the company's stock worth $597,000 after purchasing an additional 54 shares during the last quarter. Finally, OneDigital Investment Advisors LLC lifted its stake in Burlington Stores by 5.5% during the third quarter. OneDigital Investment Advisors LLC now owns 1,027 shares of the company's stock worth $271,000 after purchasing an additional 54 shares during the last quarter.

Analyst Ratings Changes

A number of research analysts have commented on the company. TD Cowen upped their price target on Burlington Stores from $288.00 to $334.00 and gave the company a "buy" rating in a research report on Monday, November 25th. Gordon Haskett upgraded Burlington Stores from a "hold" rating to a "buy" rating and set a $300.00 target price on the stock in a report on Monday, August 19th. StockNews.com downgraded Burlington Stores from a "buy" rating to a "hold" rating in a report on Wednesday, October 23rd. Robert W. Baird upped their target price on Burlington Stores from $315.00 to $330.00 and gave the stock an "outperform" rating in a report on Wednesday, November 27th. Finally, Loop Capital upped their target price on Burlington Stores from $270.00 to $345.00 and gave the stock a "buy" rating in a report on Friday, August 30th. Two analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $307.69.

Insiders Place Their Bets

In other news, CMO Jennifer Vecchio sold 494 shares of the company's stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $293.89, for a total transaction of $145,181.66. Following the completion of the transaction, the chief marketing officer now owns 59,931 shares of the company's stock, valued at $17,613,121.59. This represents a 0.82 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Paul Sullivan sold 1,705 shares of the company's stock in a transaction dated Thursday, September 19th. The shares were sold at an average price of $277.05, for a total transaction of $472,370.25. Following the transaction, the director now directly owns 7,393 shares of the company's stock, valued at approximately $2,048,230.65. This represents a 18.74 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 2,283 shares of company stock worth $638,628. Corporate insiders own 0.91% of the company's stock.

Burlington Stores Stock Down 0.4 %

NYSE:BURL traded down $1.04 during mid-day trading on Tuesday, hitting $290.30. The stock had a trading volume of 832,740 shares, compared to its average volume of 901,027. The stock has a 50-day simple moving average of $265.84 and a two-hundred day simple moving average of $256.23. The company has a market capitalization of $18.43 billion, a PE ratio of 39.77, a PEG ratio of 1.54 and a beta of 1.64. Burlington Stores, Inc. has a twelve month low of $174.64 and a twelve month high of $298.89. The company has a current ratio of 1.17, a quick ratio of 0.54 and a debt-to-equity ratio of 1.35.

Burlington Stores (NYSE:BURL - Get Free Report) last released its quarterly earnings data on Tuesday, November 26th. The company reported $1.55 earnings per share for the quarter, topping analysts' consensus estimates of $1.54 by $0.01. The company 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 for the quarter was up 10.5% on a year-over-year basis. During the same quarter last year, the company earned $0.98 earnings per share. On average, equities research analysts anticipate that Burlington Stores, Inc. will post 7.93 EPS for the current year.

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.