Cramer Rosenthal Mcglynn LLC Lowers Stock Position in Burlington Stores, Inc. (NYSE:BURL)

Cramer Rosenthal Mcglynn LLC decreased its holdings in Burlington Stores, Inc. (NYSE:BURL - Free Report) by 32.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 61,431 shares of the company's stock after selling 29,651 shares during the quarter. Cramer Rosenthal Mcglynn LLC owned about 0.10% of Burlington Stores worth $17,512,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also added to or reduced their stakes in the stock. Argonautica Private Wealth Management Inc. lifted its position in shares of Burlington Stores by 1.1% in the 4th quarter. Argonautica Private Wealth Management Inc. now owns 3,728 shares of the company's stock worth $1,063,000 after purchasing an additional 39 shares during the period. IFP Advisors Inc lifted its holdings in Burlington Stores by 81.6% in the fourth quarter. IFP Advisors Inc now owns 89 shares of the company's stock worth $25,000 after buying an additional 40 shares during the period. Legacy Capital Wealth Partners LLC boosted its position in Burlington Stores by 4.2% during the 4th quarter. Legacy Capital Wealth Partners LLC now owns 1,051 shares of the company's stock valued at $300,000 after acquiring an additional 42 shares in the last quarter. MassMutual Private Wealth & Trust FSB grew its holdings in shares of Burlington Stores by 36.5% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 172 shares of the company's stock worth $49,000 after acquiring an additional 46 shares during the period. Finally, SRS Capital Advisors Inc. raised its position in shares of Burlington Stores by 21.7% in the 4th quarter. SRS Capital Advisors Inc. now owns 269 shares of the company's stock worth $77,000 after acquiring an additional 48 shares in the last quarter.

Insider Activity

In other 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 $16,797,239.64. This trade represents a 6.59 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 1.10% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on BURL shares. UBS Group lifted their price target on Burlington Stores from $360.00 to $405.00 and gave the company a "buy" rating in a research report on Friday, March 7th. Telsey Advisory Group restated an "outperform" rating and set a $340.00 target price on shares of Burlington Stores in a report on Thursday, March 6th. JPMorgan Chase & Co. decreased their price target on shares of Burlington Stores from $336.00 to $287.00 and set an "overweight" rating for the company in a research note on Monday, April 14th. Robert W. Baird lifted their target price on shares of Burlington Stores from $330.00 to $335.00 and gave the company an "outperform" rating in a report on Friday, March 7th. Finally, Barclays lifted their price objective on Burlington Stores from $317.00 to $329.00 and gave the company an "overweight" rating in a research note on Friday, March 7th. One analyst has rated the stock with a hold rating and fifteen have given a buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $323.13.

Burlington Stores Stock Performance

BURL traded up $5.45 during midday trading on Wednesday, hitting $221.23. 541,530 shares of the company traded hands, compared to its average volume of 978,756. The firm has a market capitalization of $13.94 billion, a PE ratio of 30.31, a price-to-earnings-growth ratio of 1.11 and a beta of 1.65. The company's 50-day moving average is $237.60 and its 200 day moving average is $261.67. Burlington Stores, Inc. has a 52 week low of $174.64 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 released its quarterly earnings results on Thursday, March 6th. The company reported $4.07 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $3.75 by $0.32. Burlington Stores had a return on equity of 47.52% and a net margin of 4.49%. The firm had revenue of $3.28 billion for the quarter, compared to the consensus estimate of $3.25 billion. On average, research analysts expect that Burlington Stores, Inc. will post 7.93 EPS for the current year.

Burlington Stores 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.