Clearbridge Investments LLC grew its holdings in Burlington Stores, Inc. (NYSE:BURL - Free Report) by 0.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 644,801 shares of the company's stock after purchasing an additional 1,155 shares during the period. Clearbridge Investments LLC owned approximately 1.02% of Burlington Stores worth $183,807,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds have also modified their holdings of the company. Argonautica Private Wealth Management Inc. grew its stake in shares of Burlington Stores by 1.1% in the fourth quarter. Argonautica Private Wealth Management Inc. now owns 3,728 shares of the company's stock worth $1,063,000 after acquiring an additional 39 shares in the last quarter. IFP Advisors Inc grew its stake in Burlington Stores by 81.6% during the 4th quarter. IFP Advisors Inc now owns 89 shares of the company's stock worth $25,000 after purchasing an additional 40 shares in the last quarter. Legacy Capital Wealth Partners LLC raised its position in Burlington Stores by 4.2% in the 4th quarter. Legacy Capital Wealth Partners LLC now owns 1,051 shares of the company's stock valued at $300,000 after purchasing an additional 42 shares in the last quarter. MassMutual Private Wealth & Trust FSB raised its position in Burlington Stores by 36.5% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 172 shares of the company's stock valued at $49,000 after purchasing an additional 46 shares in the last quarter. Finally, M&T Bank Corp grew its position in shares of Burlington Stores by 1.5% during the third quarter. M&T Bank Corp now owns 3,089 shares of the company's stock worth $813,000 after buying an additional 47 shares in the last quarter.
Wall Street Analysts Forecast Growth
BURL has been the topic of several analyst reports. Barclays raised their target price on shares of Burlington Stores from $317.00 to $329.00 and gave the company an "overweight" rating in a report on Friday, March 7th. Telsey Advisory Group reaffirmed an "outperform" rating and set a $340.00 price objective on shares of Burlington Stores in a research report on Thursday, March 6th. TD Cowen increased their target price on Burlington Stores from $334.00 to $339.00 and gave the company a "buy" rating in a report on Thursday, December 12th. UBS Group lifted their price target on Burlington Stores from $360.00 to $405.00 and gave the stock a "buy" rating in a report on Friday, March 7th. Finally, Morgan Stanley upped their price objective on Burlington Stores from $296.00 to $297.00 and gave the stock 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 assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $323.20.
Check Out Our Latest Stock Report on Burlington Stores
Burlington Stores Stock Performance
BURL traded down $5.14 during trading on Friday, hitting $230.52. The stock had a trading volume of 3,035,888 shares, compared to its average volume of 959,951. The firm has a market capitalization of $14.57 billion, a P/E ratio of 31.58, 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. Burlington Stores, Inc. has a twelve month low of $174.64 and a twelve month high of $298.89. The company's 50-day moving average price is $248.86 and its 200 day moving average price is $265.30.
Burlington Stores (NYSE:BURL - Get Free Report) last announced its quarterly earnings data on Thursday, March 6th. The company reported $4.07 earnings per share 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 for the quarter, compared to analyst estimates of $3.25 billion. On average, equities research analysts forecast that Burlington Stores, Inc. will post 7.93 EPS for the current fiscal year.
Insider Buying and Selling
In related news, CMO Jennifer Vecchio sold 4,939 shares of the firm's stock in a transaction dated 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 sale, 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.91% of the stock is currently owned by corporate insiders.
About Burlington Stores
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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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