Daiwa Securities Group Inc. Sells 2,332 Shares of Burlington Stores, Inc. (NYSE:BURL)

Daiwa Securities Group Inc. cut its stake in Burlington Stores, Inc. (NYSE:BURL - Free Report) by 27.8% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 6,049 shares of the company's stock after selling 2,332 shares during the period. Daiwa Securities Group Inc.'s holdings in Burlington Stores were worth $1,724,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the company. IFP Advisors Inc raised its position in shares of Burlington Stores by 81.6% in the 4th quarter. IFP Advisors Inc now owns 89 shares of the company's stock worth $25,000 after acquiring an additional 40 shares in the last quarter. Fortitude Family Office LLC grew its stake in 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 period. RPg Family Wealth Advisory LLC bought a new position in Burlington Stores in the third quarter worth $26,000. Stonebridge Financial Group LLC purchased a new position in Burlington Stores during the fourth quarter valued at $31,000. Finally, Brooklyn Investment Group bought a new stake in shares of Burlington Stores during the 3rd quarter valued at $33,000.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the stock. 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. Morgan Stanley raised their target price on shares of Burlington Stores from $296.00 to $297.00 and gave the company an "overweight" rating in a research note on Friday, March 7th. Citigroup dropped their price target on Burlington Stores from $344.00 to $340.00 and set a "buy" rating on the stock in a research report on Friday, March 7th. Evercore ISI raised their price objective on Burlington Stores from $315.00 to $340.00 and gave the company an "outperform" rating in a research report on Wednesday, November 27th. Finally, Barclays boosted their target price on Burlington Stores from $317.00 to $329.00 and gave the stock an "overweight" rating in a report on Friday, March 7th. One equities research analyst has rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $323.20.

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Insider Activity

In related news, CMO Jennifer Vecchio sold 493 shares of the business's stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $275.75, for a total transaction of $135,944.75. Following the completion of the transaction, the chief marketing officer now directly owns 58,944 shares in the company, valued at approximately $16,253,808. The trade was a 0.83 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 0.91% of the company's stock.

Burlington Stores Stock Performance

Shares of BURL traded down $0.19 during trading hours on Tuesday, hitting $233.91. The stock had a trading volume of 896,817 shares, compared to its average volume of 932,732. The firm has a market capitalization of $14.85 billion, a PE ratio of 32.04, a PEG ratio of 1.11 and a beta of 1.73. 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, Inc. has a 12 month low of $174.64 and a 12 month high of $298.89. The stock has a fifty day moving average price of $261.89 and a 200 day moving average price of $267.91.

Burlington Stores (NYSE:BURL - Get Free Report) last released its quarterly earnings results on Thursday, March 6th. The company reported $4.07 EPS for the quarter, beating the consensus estimate of $3.75 by $0.32. Burlington Stores had a net margin of 4.49% and a return on equity of 47.52%. The firm had revenue of $3.28 billion during the quarter, compared to analyst estimates of $3.25 billion. 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.