Trexquant Investment LP grew its stake in Burlington Stores, Inc. (NYSE:BURL - Free Report) by 97.8% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 23,796 shares of the company's stock after buying an additional 11,763 shares during the quarter. Trexquant Investment LP's holdings in Burlington Stores were worth $6,783,000 as of its most recent filing with the SEC.
A number of other large investors have also recently made changes to their positions in BURL. IFP Advisors Inc increased its stake in Burlington Stores by 81.6% in the fourth quarter. IFP Advisors Inc now owns 89 shares of the company's stock valued at $25,000 after purchasing an additional 40 shares during the period. Fortitude Family Office LLC lifted its holdings in shares of Burlington Stores by 148.6% during 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. Stonebridge Financial Group LLC acquired a new position in Burlington Stores in the 4th quarter valued at $31,000. Farther Finance Advisors LLC lifted its position in Burlington Stores by 104.5% in the fourth quarter. Farther Finance Advisors LLC now owns 135 shares of the company's stock valued at $38,000 after purchasing an additional 69 shares during the period. Finally, Parkside Financial Bank & Trust lifted its holdings in shares of Burlington Stores by 157.1% in the 4th quarter. Parkside Financial Bank & Trust now owns 144 shares of the company's stock valued at $41,000 after buying an additional 88 shares during the period.
Burlington Stores Price Performance
BURL traded up $27.37 on Wednesday, reaching $246.72. The company had a trading volume of 2,776,066 shares, compared to its average volume of 971,643. Burlington Stores, Inc. has a one year low of $174.64 and a one year high of $298.89. The company has a market capitalization of $15.59 billion, a P/E ratio of 33.80, a PEG ratio of 1.11 and a beta of 1.65. The company has a fifty day moving average of $243.15 and a 200-day moving average of $263.91. The company has a current ratio of 1.17, a quick ratio of 0.54 and a debt-to-equity ratio of 1.35.
Burlington Stores (NYSE:BURL - Get Free Report) last released its earnings results on Thursday, March 6th. The company reported $4.07 earnings per share for the quarter, topping analysts' consensus estimates of $3.75 by $0.32. The firm had revenue of $3.28 billion during the quarter, compared to the consensus estimate of $3.25 billion. Burlington Stores had a return on equity of 47.52% and a net margin of 4.49%. As a group, equities research analysts anticipate that Burlington Stores, Inc. will post 7.93 earnings per share for the current year.
Insider Activity at Burlington Stores
In other news, CMO Jennifer Vecchio sold 4,939 shares of the company's stock in a transaction on Thursday, March 20th. The stock was sold at an average price of $239.94, for a total transaction of $1,185,063.66. Following the completion of the sale, the chief marketing officer now directly owns 70,006 shares of the company's stock, valued at $16,797,239.64. This represents a 6.59 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 0.91% of the company's stock.
Wall Street Analyst Weigh In
Several equities analysts recently issued reports on BURL shares. Morgan Stanley lifted their price objective on Burlington Stores from $296.00 to $297.00 and gave the stock an "overweight" rating in a report on Friday, March 7th. Telsey Advisory Group reiterated an "outperform" rating and issued a $340.00 price target on shares of Burlington Stores in a report on Thursday, March 6th. 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 report on Friday, March 7th. 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 report on Friday, March 7th. Finally, Barclays raised their price objective on shares of 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 issued a buy rating to the stock. Based on data from MarketBeat.com, Burlington Stores presently has an average rating of "Moderate Buy" and an average target price of $323.20.
Check Out Our Latest Report on Burlington Stores
Burlington Stores Profile
(
Free Report)
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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