Vanguard Group Inc. Sells 52,646 Shares of Burlington Stores, Inc. (NYSE:BURL)

Vanguard Group Inc. decreased its position in Burlington Stores, Inc. (NYSE:BURL - Free Report) by 0.8% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 6,384,133 shares of the company's stock after selling 52,646 shares during the period. Vanguard Group Inc. owned 10.06% of Burlington Stores worth $1,819,861,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently modified their holdings of BURL. IFP Advisors Inc increased its position in shares of Burlington Stores by 81.6% during the fourth quarter. IFP Advisors Inc now owns 89 shares of the company's stock valued at $25,000 after acquiring an additional 40 shares during the last quarter. Fortitude Family Office LLC increased its position in shares of Burlington Stores by 148.6% during the 4th quarter. Fortitude Family Office LLC now owns 92 shares of the company's stock valued at $26,000 after purchasing an additional 55 shares during the last quarter. RPg Family Wealth Advisory LLC purchased a new stake in shares of Burlington Stores during the 3rd quarter valued at $26,000. Stonebridge Financial Group LLC bought a new stake in shares of Burlington Stores during the 4th quarter worth $31,000. Finally, Brooklyn Investment Group purchased a new position in shares of Burlington Stores in the 3rd quarter worth about $33,000.

Burlington Stores Price Performance

Burlington Stores stock traded up $0.69 during midday trading on Monday, hitting $238.36. 1,104,749 shares of the company's stock were exchanged, compared to its average volume of 952,684. The company has a market cap of $15.07 billion, a P/E ratio of 32.65, a PEG ratio of 1.11 and a beta of 1.73. 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 stock has a 50-day moving average price of $252.81 and a two-hundred day moving average price of $266.12. Burlington Stores, Inc. has a 52-week low of $174.64 and a 52-week high of $298.89.

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Burlington Stores (NYSE:BURL - Get Free Report) last posted its quarterly earnings data on Thursday, March 6th. The company reported $4.07 earnings per share 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%. On average, equities research analysts forecast that Burlington Stores, Inc. will post 7.93 earnings per share for the current year.

Insider Activity

In related news, CMO Jennifer Vecchio sold 4,939 shares of the company's stock in a transaction on 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 completion of the transaction, the chief marketing officer now directly owns 70,006 shares in the company, valued at approximately $16,797,239.64. The trade was a 6.59 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In the last quarter, insiders have sold 5,926 shares of company stock worth $1,461,774. 0.91% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several analysts have commented on BURL shares. UBS Group lifted their price objective on shares of Burlington Stores from $360.00 to $405.00 and gave the stock a "buy" rating in a research report on Friday, March 7th. Telsey Advisory Group reaffirmed an "outperform" rating and issued a $340.00 price target on shares of Burlington Stores in a report on Thursday, March 6th. Citigroup dropped their price objective on Burlington Stores from $344.00 to $340.00 and set a "buy" rating on the stock in a research note on Friday, March 7th. Barclays raised their target price on Burlington Stores from $317.00 to $329.00 and gave the stock an "overweight" rating in a research report on Friday, March 7th. Finally, Morgan Stanley upped their price target on Burlington Stores from $296.00 to $297.00 and gave the company an "overweight" rating in a research report on Friday, March 7th. One research analyst has rated the stock with a hold rating and fifteen have issued a buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $323.20.

About Burlington Stores

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.