Burlington Stores, Inc. (NYSE:BURL) Shares Sold by Price T Rowe Associates Inc. MD

Price T Rowe Associates Inc. MD trimmed its stake in Burlington Stores, Inc. (NYSE:BURL - Free Report) by 10.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,222,104 shares of the company's stock after selling 149,565 shares during the period. Price T Rowe Associates Inc. MD owned approximately 1.93% of Burlington Stores worth $348,374,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of the stock. Capital International Investors grew its position in shares of Burlington Stores by 7.7% during the fourth quarter. Capital International Investors now owns 5,160,096 shares of the company's stock worth $1,470,929,000 after acquiring an additional 367,703 shares during the last quarter. SRS Investment Management LLC grew its position in Burlington Stores by 10.8% during the 4th quarter. SRS Investment Management LLC now owns 1,270,421 shares of the company's stock worth $362,146,000 after purchasing an additional 123,973 shares during the last quarter. Geode Capital Management LLC increased its stake in Burlington Stores by 0.8% in the fourth quarter. Geode Capital Management LLC now owns 1,083,852 shares of the company's stock valued at $308,403,000 after purchasing an additional 8,892 shares during the period. Anomaly Capital Management LP raised its holdings in shares of Burlington Stores by 21.9% in the fourth quarter. Anomaly Capital Management LP now owns 961,281 shares of the company's stock valued at $274,023,000 after buying an additional 172,431 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA boosted its stake in shares of Burlington Stores by 30.8% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 955,648 shares of the company's stock worth $272,417,000 after buying an additional 225,124 shares during the period.

Wall Street Analyst Weigh In

Several analysts have commented on BURL shares. Citigroup reduced their price objective on Burlington Stores from $344.00 to $340.00 and set a "buy" rating for the company in a research note on Friday, March 7th. Morgan Stanley increased their price target on Burlington Stores from $296.00 to $297.00 and gave the stock an "overweight" rating in a report on Friday, March 7th. JPMorgan Chase & Co. dropped their price objective on shares of Burlington Stores from $336.00 to $287.00 and set an "overweight" rating on the stock in a research note on Monday, April 14th. Barclays lifted their target price on shares of Burlington Stores from $317.00 to $329.00 and gave the company an "overweight" rating in a report on Friday, March 7th. Finally, Telsey Advisory Group reissued an "outperform" rating and set a $340.00 price target on shares of Burlington Stores in a report on Thursday, March 6th. One equities research analyst has rated the stock with a hold rating and fifteen have given a buy rating to the company. According to MarketBeat.com, Burlington Stores currently has an average rating of "Moderate Buy" and an average target price of $323.13.

Insider Activity

In related news, CMO Jennifer Vecchio sold 4,939 shares of Burlington Stores stock in a transaction on Thursday, March 20th. The shares were sold at an average price of $239.94, for a total transaction 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. The trade was a 6.59 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 1.10% of the company's stock.

Burlington Stores Price Performance

Shares of NYSE:BURL opened at $223.06 on Friday. The company has a market cap of $14.05 billion, a P/E ratio of 30.56, a P/E/G ratio of 1.11 and a beta of 1.65. The business has a fifty day simple moving average of $236.12 and a 200-day simple moving average of $260.98. Burlington Stores, Inc. has a 52 week low of $175.30 and a 52 week high of $298.89. The company has a quick ratio of 0.54, a current ratio of 1.17 and a debt-to-equity ratio of 1.35.

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

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