Burlington Stores, Inc. (NYSE:BURL) Shares Sold by Cerity Partners LLC

Cerity Partners LLC reduced its stake in shares of Burlington Stores, Inc. (NYSE:BURL - Free Report) by 9.2% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 14,942 shares of the company's stock after selling 1,519 shares during the period. Cerity Partners LLC's holdings in Burlington Stores were worth $4,014,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the stock. Stifel Financial Corp grew its position in Burlington Stores by 178.5% during the third quarter. Stifel Financial Corp now owns 4,713 shares of the company's stock valued at $1,242,000 after acquiring an additional 3,021 shares during the period. MML Investors Services LLC increased its position in Burlington Stores by 13.0% during the 3rd quarter. MML Investors Services LLC now owns 2,675 shares of the company's stock worth $705,000 after purchasing an additional 308 shares in the last quarter. M&T Bank Corp raised 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. Geode Capital Management LLC lifted its position in Burlington Stores by 1.7% during the third quarter. Geode Capital Management LLC now owns 1,074,960 shares of the company's stock valued at $282,582,000 after buying an additional 18,160 shares in the last quarter. Finally, Coldstream Capital Management Inc. purchased a new stake in Burlington Stores during the third quarter worth approximately $239,000.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the stock. Citigroup reduced their target price on shares of Burlington Stores from $344.00 to $340.00 and set a "buy" rating on the stock in a report on Friday, March 7th. Robert W. Baird upped their target price on Burlington Stores from $330.00 to $335.00 and gave the stock an "outperform" rating in a research report on Friday, March 7th. JPMorgan Chase & Co. lowered their target price on Burlington Stores from $336.00 to $287.00 and set an "overweight" rating for the company in a research note on Monday. Telsey Advisory Group reissued an "outperform" rating and set a $340.00 price target on shares of Burlington Stores in a research report on Thursday, March 6th. Finally, Morgan Stanley increased their price objective on shares of Burlington Stores from $296.00 to $297.00 and gave the company an "overweight" rating in a research report on Friday, March 7th. One 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, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $323.13.

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Insider Transactions at Burlington Stores

In other Burlington Stores news, CMO Jennifer Vecchio sold 4,939 shares of the firm's stock in a transaction dated 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 of the company's stock, valued at $16,797,239.64. This trade represents a 6.59 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 0.91% of the company's stock.

Burlington Stores Stock Down 1.4 %

NYSE:BURL traded down $3.33 during mid-day trading on Tuesday, reaching $236.13. The stock had a trading volume of 999,028 shares, compared to its average volume of 972,181. The stock's 50 day simple moving average is $240.69 and its two-hundred day simple moving average is $263.02. Burlington Stores, Inc. has a 1-year low of $174.64 and a 1-year high of $298.89. The company has a market capitalization of $14.87 billion, a price-to-earnings 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 current ratio of 1.17 and a quick ratio of 0.54.

Burlington Stores (NYSE:BURL - Get Free Report) last issued 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 company had revenue of $3.28 billion during 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%. Equities 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.