Primecap Management Co. CA Trims Stake in Burlington Stores, Inc. (NYSE:BURL)

Primecap Management Co. CA trimmed its position in shares of Burlington Stores, Inc. (NYSE:BURL - Free Report) by 6.6% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 465,350 shares of the company's stock after selling 32,850 shares during the quarter. Primecap Management Co. CA owned approximately 0.73% of Burlington Stores worth $132,653,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the company. Geode Capital Management LLC boosted its position in Burlington Stores by 1.7% during the 3rd quarter. Geode Capital Management LLC now owns 1,074,960 shares of the company's stock valued at $282,582,000 after acquiring an additional 18,160 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its position in shares of Burlington Stores by 1,048.8% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 730,524 shares of the company's stock worth $192,478,000 after purchasing an additional 666,934 shares in the last quarter. Jennison Associates LLC boosted its position in shares of Burlington Stores by 2.4% in the 3rd quarter. Jennison Associates LLC now owns 510,074 shares of the company's stock worth $134,394,000 after purchasing an additional 12,143 shares in the last quarter. Artemis Investment Management LLP boosted its position in shares of Burlington Stores by 6.6% in the 4th quarter. Artemis Investment Management LLP now owns 396,938 shares of the company's stock worth $113,151,000 after purchasing an additional 24,576 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its position in shares of Burlington Stores by 0.3% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 395,950 shares of the company's stock worth $112,870,000 after purchasing an additional 1,368 shares in the last quarter.

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Burlington Stores Price Performance

Shares of BURL traded down $2.41 during midday trading on Friday, hitting $234.16. 1,287,810 shares of the company traded hands, compared to its average volume of 935,895. 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 firm has a 50 day moving average of $258.08 and a 200-day moving average of $267.05. The stock has a market cap of $14.86 billion, a price-to-earnings ratio of 32.08, a PEG ratio of 1.11 and a beta of 1.73.

Burlington Stores (NYSE:BURL - Get Free Report) last announced its quarterly earnings results 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 firm had revenue of $3.28 billion during the quarter, compared to the consensus estimate of $3.25 billion. On average, analysts forecast that Burlington Stores, Inc. will post 7.93 EPS for the current fiscal year.

Insider Activity at Burlington Stores

In related news, CMO Jennifer Vecchio sold 494 shares of the stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $284.95, for a total value of $140,765.30. Following the sale, the chief marketing officer now directly owns 59,437 shares of the company's stock, valued at $16,936,573.15. This represents a 0.82 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.91% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the company. Morgan Stanley boosted their price target on Burlington Stores from $296.00 to $297.00 and gave the stock an "overweight" rating in a research report on Friday, March 7th. Telsey Advisory Group restated an "outperform" rating and issued a $340.00 price objective on shares of Burlington Stores in a research note on Thursday, March 6th. Robert W. Baird upped their price objective on Burlington Stores from $330.00 to $335.00 and gave the stock an "outperform" rating in a research note on Friday, March 7th. Barclays increased their price target on Burlington Stores from $317.00 to $329.00 and gave the stock an "overweight" rating in a research note on Friday, March 7th. Finally, Citigroup cut their price target 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. One equities research analyst has rated the stock with a hold rating and fifteen have given a buy rating to the company. According to data from MarketBeat, Burlington Stores presently has an average rating of "Moderate Buy" and a consensus target price of $323.20.

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.