Candriam S.C.A. Has $11.94 Million Stock Holdings in Burlington Stores, Inc. (NYSE:BURL)

Candriam S.C.A. grew its stake in shares of Burlington Stores, Inc. (NYSE:BURL - Free Report) by 975.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 41,870 shares of the company's stock after purchasing an additional 37,978 shares during the quarter. Candriam S.C.A. owned approximately 0.07% of Burlington Stores worth $11,935,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in BURL. Massachusetts Financial Services Co. MA boosted its stake in Burlington Stores by 1,048.8% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 730,524 shares of the company's stock valued at $192,478,000 after purchasing an additional 666,934 shares during the period. Victory Capital Management Inc. raised its holdings in shares of Burlington Stores by 52.7% during the fourth quarter. Victory Capital Management Inc. now owns 222,151 shares of the company's stock valued at $63,326,000 after buying an additional 76,684 shares during the last quarter. Proficio Capital Partners LLC acquired a new position in shares of Burlington Stores during the fourth quarter worth approximately $20,965,000. Raymond James Financial Inc. bought a new position in Burlington Stores in the 4th quarter worth approximately $17,330,000. Finally, Principal Financial Group Inc. increased its position in Burlington Stores by 35.3% in the 4th quarter. Principal Financial Group Inc. now owns 227,020 shares of the company's stock valued at $64,714,000 after acquiring an additional 59,173 shares during the period.

Wall Street Analyst Weigh In

BURL has been the subject of several recent analyst reports. Citigroup decreased 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. TD Cowen increased their target price on shares of Burlington Stores from $334.00 to $339.00 and gave the company a "buy" rating in a research report on Thursday, December 12th. Morgan Stanley boosted their price target on shares of Burlington Stores from $296.00 to $297.00 and gave the stock an "overweight" rating in a research report on Friday. Telsey Advisory Group reiterated an "outperform" rating and issued a $340.00 price objective on shares of Burlington Stores in a report on Thursday, March 6th. Finally, Robert W. Baird raised their price objective on shares of Burlington Stores from $330.00 to $335.00 and gave the company an "outperform" rating in a research note on Friday. One analyst has rated the stock with a hold rating and fifteen have given a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $323.20.

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Insiders Place Their Bets

In other news, CMO Jennifer Vecchio sold 494 shares of Burlington Stores stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $284.95, for a total transaction of $140,765.30. Following the sale, the chief marketing officer now owns 59,437 shares of the company's stock, valued at approximately $16,936,573.15. This trade represents a 0.82 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.91% of the company's stock.

Burlington Stores Trading Up 1.3 %

BURL traded up $3.05 during trading on Tuesday, reaching $235.76. The company had a trading volume of 1,672,692 shares, compared to its average volume of 1,109,497. 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 12-month low of $174.64 and a 12-month high of $298.89. The company has a market cap of $14.97 billion, a price-to-earnings ratio of 32.30, a PEG ratio of 1.11 and a beta of 1.73. The firm's 50-day simple moving average is $268.22 and its 200 day simple moving average is $269.56.

Burlington Stores (NYSE:BURL - Get Free Report) last announced its earnings results on Thursday, March 6th. The company reported $4.07 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.75 by $0.32. The company had revenue of $3.28 billion for the quarter, compared to the consensus estimate of $3.25 billion. Burlington Stores had a net margin of 4.49% and a return on equity of 47.52%. Equities research analysts anticipate that Burlington Stores, Inc. will post 7.93 earnings per share 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.