Prudential Financial Inc. Sells 33,858 Shares of Burlington Stores, Inc. (NYSE:BURL)

Prudential Financial Inc. lessened its stake in shares of Burlington Stores, Inc. (NYSE:BURL - Free Report) by 86.7% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 5,210 shares of the company's stock after selling 33,858 shares during the period. Prudential Financial Inc.'s holdings in Burlington Stores were worth $1,485,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also bought and sold shares of the company. Captrust Financial Advisors grew its position in shares of Burlington Stores by 1.7% in the third quarter. Captrust Financial Advisors now owns 4,413 shares of the company's stock valued at $1,163,000 after purchasing an additional 75 shares during the last quarter. Benjamin Edwards Inc. boosted its stake in shares of Burlington Stores by 35,575.0% in the third quarter. Benjamin Edwards Inc. now owns 1,427 shares of the company's stock valued at $376,000 after buying an additional 1,423 shares during the period. Chevy Chase Trust Holdings LLC bought a new stake in shares of Burlington Stores in the third quarter valued at approximately $201,000. Centiva Capital LP bought a new stake in Burlington Stores during the third quarter worth $675,000. Finally, Investment Management Corp of Ontario lifted its stake in Burlington Stores by 41.3% during the third quarter. Investment Management Corp of Ontario now owns 2,054 shares of the company's stock worth $541,000 after purchasing an additional 600 shares during the last quarter.

Analysts Set New Price Targets

A number of brokerages have recently commented on BURL. Robert W. Baird increased their price target on Burlington Stores from $330.00 to $335.00 and gave the company 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 report on Friday, March 7th. Citigroup decreased their price target on Burlington Stores from $344.00 to $340.00 and set a "buy" rating for the company in a report on Friday, March 7th. Telsey Advisory Group restated an "outperform" rating and issued a $340.00 target price on shares of Burlington Stores in a research note on Thursday, March 6th. Finally, UBS Group raised their price target on shares of Burlington Stores from $360.00 to $405.00 and gave the company a "buy" rating in a research report on Friday, March 7th. One investment analyst has rated the stock with a hold rating and fifteen have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $323.20.

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Burlington Stores Stock Down 0.1 %

Shares of BURL traded down $0.32 on Thursday, hitting $246.54. 183,105 shares of the stock traded hands, compared to its average volume of 968,600. Burlington Stores, Inc. has a one year low of $174.64 and a one year high of $298.89. The company has a debt-to-equity ratio of 1.35, a quick ratio of 0.54 and a current ratio of 1.17. The business has a 50 day simple moving average of $243.15 and a 200 day simple moving average of $263.91. The company has a market capitalization of $15.58 billion, a PE ratio of 33.77, a P/E/G ratio of 1.11 and a beta of 1.65.

Burlington Stores (NYSE:BURL - Get Free Report) last issued its earnings results on Thursday, March 6th. The company reported $4.07 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.75 by $0.32. The company had revenue of $3.28 billion for the quarter, compared to analysts' expectations of $3.25 billion. Burlington Stores had a net margin of 4.49% and a return on equity of 47.52%. As a group, equities analysts forecast that Burlington Stores, Inc. will post 7.93 earnings per share for the current fiscal year.

Insider Activity

In other news, CMO Jennifer Vecchio sold 493 shares of the business's stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $275.75, for a total value of $135,944.75. Following the sale, the chief marketing officer now directly owns 58,944 shares in the company, valued at $16,253,808. The trade was a 0.83 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 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.