Burlington Stores, Inc. (NYSE:BURL) Shares Sold by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. reduced its position in shares of Burlington Stores, Inc. (NYSE:BURL - Free Report) by 1.5% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 115,065 shares of the company's stock after selling 1,694 shares during the quarter. Envestnet Asset Management Inc. owned about 0.18% of Burlington Stores worth $32,800,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of BURL. Norges Bank bought a new stake in shares of Burlington Stores in the 4th quarter valued at about $227,268,000. Massachusetts Financial Services Co. MA increased its holdings 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 buying an additional 225,124 shares during the period. Arrowstreet Capital Limited Partnership raised its stake in Burlington Stores by 38.6% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 506,170 shares of the company's stock worth $144,289,000 after buying an additional 141,020 shares in the last quarter. American Century Companies Inc. lifted its holdings in Burlington Stores by 17.1% during the fourth quarter. American Century Companies Inc. now owns 708,120 shares of the company's stock worth $201,857,000 after buying an additional 103,202 shares during the period. Finally, Victory Capital Management Inc. boosted its position in Burlington Stores by 52.7% during the 4th quarter. Victory Capital Management Inc. now owns 222,151 shares of the company's stock valued at $63,326,000 after acquiring an additional 76,684 shares in the last quarter.

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Analyst Upgrades and Downgrades

BURL has been the subject of several recent analyst reports. Morgan Stanley boosted their price objective on shares of Burlington Stores from $296.00 to $297.00 and gave the stock an "overweight" rating in a research note on Friday, March 7th. Telsey Advisory Group reiterated an "outperform" rating and set a $340.00 price objective on shares of Burlington Stores in a report on Thursday, March 6th. Barclays raised their price objective on Burlington Stores from $317.00 to $329.00 and gave the stock an "overweight" rating in a research report on Friday, March 7th. UBS Group upped their target price on Burlington Stores from $360.00 to $405.00 and gave the company a "buy" rating in a research report on Friday, March 7th. Finally, JPMorgan Chase & Co. lowered their price target on Burlington Stores from $336.00 to $287.00 and set an "overweight" rating for the company in a report on Monday. One analyst has rated the stock with a hold rating and fifteen have given a buy rating to the company's stock. According to MarketBeat, Burlington Stores presently has a consensus rating of "Moderate Buy" and an average price target of $323.13.

Burlington Stores Stock Performance

BURL stock traded down $3.33 during trading on Tuesday, hitting $236.13. 999,028 shares of the company traded hands, compared to its average volume of 973,988. Burlington Stores, Inc. has a 1 year low of $174.64 and a 1 year high of $298.89. The company has a market cap of $14.87 billion, a PE ratio of 32.35, a P/E/G ratio of 1.11 and a beta of 1.65. The stock's 50-day simple moving average is $241.35 and its 200 day simple moving average is $263.21. The company has a debt-to-equity ratio of 1.35, a current ratio of 1.17 and a quick ratio of 0.54.

Burlington Stores (NYSE:BURL - Get Free Report) last announced 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 net margin of 4.49% and a return on equity of 47.52%. The firm had revenue of $3.28 billion for the quarter, compared to the consensus estimate of $3.25 billion. On average, equities analysts expect that Burlington Stores, Inc. will post 7.93 earnings per share for the current fiscal year.

Insider Activity at Burlington Stores

In other Burlington Stores news, CMO Jennifer Vecchio sold 493 shares of the firm's stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $275.75, for a total value of $135,944.75. Following the sale, the chief marketing officer now directly owns 58,944 shares of the company's stock, valued at approximately $16,253,808. This trade represents a 0.83 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.91% of the stock is owned by company insiders.

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.