Capital International Inc. CA Trims Stake in Burlington Stores, Inc. (NYSE:BURL)

Capital International Inc. CA reduced its holdings in shares of Burlington Stores, Inc. (NYSE:BURL - Free Report) by 2.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 69,779 shares of the company's stock after selling 1,971 shares during the quarter. Capital International Inc. CA owned 0.11% of Burlington Stores worth $19,891,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Norges Bank bought a new stake in Burlington Stores during the 4th quarter valued at $227,268,000. Capital International Investors increased its holdings in shares of Burlington Stores by 7.7% in the 4th quarter. Capital International Investors now owns 5,160,096 shares of the company's stock valued at $1,470,929,000 after purchasing an additional 367,703 shares during the period. Massachusetts Financial Services Co. MA boosted its position in Burlington Stores by 30.8% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 955,648 shares of the company's stock valued at $272,417,000 after purchasing an additional 225,124 shares during the last quarter. Arrowstreet Capital Limited Partnership grew its stake in shares of Burlington Stores by 38.6% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 506,170 shares of the company's stock valued at $144,289,000 after buying an additional 141,020 shares in the last quarter. Finally, American Century Companies Inc. raised its holdings in shares of Burlington Stores by 17.1% during the 4th quarter. American Century Companies Inc. now owns 708,120 shares of the company's stock valued at $201,857,000 after purchasing an additional 103,202 shares in the last quarter.

Insiders Place Their Bets

In related news, CMO Jennifer Vecchio sold 4,939 shares of Burlington Stores stock in a transaction that occurred 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 directly owns 70,006 shares of the company's stock, valued at $16,797,239.64. This trade represents a 6.59 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Insiders own 1.10% of the company's stock.

Burlington Stores Stock Performance

NYSE:BURL traded down $1.60 during mid-day trading on Tuesday, hitting $215.94. 1,437,680 shares of the stock were exchanged, compared to its average volume of 980,408. The stock has a market capitalization of $13.60 billion, a price-to-earnings ratio of 29.58, a price-to-earnings-growth ratio of 1.11 and a beta of 1.65. 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 fifty-two week low of $174.64 and a fifty-two week high of $298.89. The firm's 50-day simple moving average is $237.60 and its 200 day simple moving average is $261.67.

Burlington Stores (NYSE:BURL - Get Free Report) last issued its quarterly earnings results on Thursday, March 6th. The company reported $4.07 EPS for the quarter, beating 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 company had revenue of $3.28 billion during the quarter, compared to the consensus estimate of $3.25 billion. As a group, equities analysts anticipate that Burlington Stores, Inc. will post 7.93 EPS for the current fiscal year.

Analyst Ratings Changes

Several brokerages have commented on BURL. JPMorgan Chase & Co. dropped their price target on Burlington Stores from $336.00 to $287.00 and set an "overweight" rating on the stock in a research report on Monday, April 14th. Barclays boosted 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. Robert W. Baird increased their target price on shares of Burlington Stores from $330.00 to $335.00 and gave the stock an "outperform" rating in a report on Friday, March 7th. Morgan Stanley lifted their price objective on shares of Burlington Stores from $296.00 to $297.00 and gave the stock an "overweight" rating in a research report on Friday, March 7th. Finally, Citigroup cut their price target on shares of Burlington Stores from $344.00 to $340.00 and set a "buy" rating for the company in a report on Friday, March 7th. One research analyst has rated the stock with a hold rating and fifteen have given a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $323.13.

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.