Alliancebernstein L.P. Sells 23,811 Shares of Burlington Stores, Inc. (NYSE:BURL)

Alliancebernstein L.P. decreased its position in shares of Burlington Stores, Inc. (NYSE:BURL - Free Report) by 6.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 343,239 shares of the company's stock after selling 23,811 shares during the quarter. Alliancebernstein L.P. owned approximately 0.54% of Burlington Stores worth $97,844,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Argonautica Private Wealth Management Inc. raised its stake in shares of Burlington Stores by 1.1% during the fourth quarter. Argonautica Private Wealth Management Inc. now owns 3,728 shares of the company's stock valued at $1,063,000 after acquiring an additional 39 shares during the last quarter. IFP Advisors Inc boosted its stake in shares of 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 purchasing an additional 40 shares during the last quarter. Legacy Capital Wealth Partners LLC increased its position in shares of Burlington Stores by 4.2% during the fourth quarter. Legacy Capital Wealth Partners LLC now owns 1,051 shares of the company's stock worth $300,000 after buying an additional 42 shares during the period. MassMutual Private Wealth & Trust FSB raised its stake in Burlington Stores by 36.5% during the fourth 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. Finally, M&T Bank Corp lifted its holdings in Burlington Stores by 1.5% in the third quarter. M&T Bank Corp now owns 3,089 shares of the company's stock valued at $813,000 after buying an additional 47 shares during the period.

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Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on BURL shares. Barclays boosted their price objective on Burlington Stores from $317.00 to $329.00 and gave the company an "overweight" rating in a research note on Friday, March 7th. Citigroup decreased their price target 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. Robert W. Baird increased their price target on Burlington Stores from $330.00 to $335.00 and gave the stock an "outperform" rating in a report on Friday, March 7th. TD Cowen lifted their price target 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 reiterated an "outperform" rating and set a $340.00 price objective 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 assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $323.20.

Burlington Stores Price Performance

NYSE BURL traded down $4.63 on Monday, hitting $226.88. The stock had a trading volume of 682,684 shares, compared to its average volume of 958,495. The firm has a 50-day moving average of $248.86 and a 200-day moving average of $265.23. 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, Inc. has a 52-week low of $174.64 and a 52-week high of $298.89. The company has a market capitalization of $14.34 billion, a price-to-earnings ratio of 31.12, a price-to-earnings-growth ratio of 1.11 and a beta of 1.65.

Burlington Stores (NYSE:BURL - Get Free Report) last posted its 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 business had revenue of $3.28 billion during the quarter, compared to analysts' expectations of $3.25 billion. Burlington Stores had a return on equity of 47.52% and a net margin of 4.49%. Equities analysts expect that Burlington Stores, Inc. will post 7.93 EPS for the current year.

Insider Buying and Selling at Burlington Stores

In other Burlington Stores news, CMO Jennifer Vecchio sold 493 shares of Burlington Stores stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $275.75, for a total value of $135,944.75. Following the transaction, the chief marketing officer now directly owns 58,944 shares of the company's stock, valued at $16,253,808. The trade was a 0.83 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.91% of the company's stock.

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.