Gateway Investment Advisers LLC Sells 1,777 Shares of Burlington Stores, Inc. (NYSE:BURL)

Gateway Investment Advisers LLC lowered its position in Burlington Stores, Inc. (NYSE:BURL - Free Report) by 35.3% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,263 shares of the company's stock after selling 1,777 shares during the quarter. Gateway Investment Advisers LLC's holdings in Burlington Stores were worth $930,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in the business. Park Avenue Securities LLC lifted its holdings in Burlington Stores by 28.0% in the fourth quarter. Park Avenue Securities LLC now owns 1,597 shares of the company's stock worth $455,000 after purchasing an additional 349 shares during the period. Wedmont Private Capital lifted its stake in shares of Burlington Stores by 71.2% in the 4th quarter. Wedmont Private Capital now owns 2,743 shares of the company's stock worth $787,000 after acquiring an additional 1,141 shares during the period. Fortitude Family Office LLC lifted its stake in shares of Burlington Stores by 148.6% in the 4th quarter. Fortitude Family Office LLC now owns 92 shares of the company's stock worth $26,000 after acquiring an additional 55 shares during the period. Fulton Bank N.A. boosted its holdings in shares of Burlington Stores by 8.7% in the fourth quarter. Fulton Bank N.A. now owns 8,098 shares of the company's stock valued at $2,308,000 after acquiring an additional 645 shares in the last quarter. Finally, Everence Capital Management Inc. acquired a new position in shares of Burlington Stores during the fourth quarter valued at approximately $388,000.

Analyst Ratings Changes

BURL has been the subject of a number of research reports. Evercore ISI increased their price target on Burlington Stores from $315.00 to $340.00 and gave the company an "outperform" rating in a research note on Wednesday, November 27th. Robert W. Baird raised their target price on Burlington Stores from $315.00 to $330.00 and gave the company an "outperform" rating in a research note on Wednesday, November 27th. UBS Group upgraded shares of Burlington Stores from a "neutral" rating to a "buy" rating and boosted their price target for the stock from $280.00 to $360.00 in a research report on Friday, January 10th. Morgan Stanley raised their price objective on shares of Burlington Stores from $285.00 to $305.00 and gave the company an "overweight" rating in a research report on Wednesday, November 27th. Finally, Telsey Advisory Group reiterated an "outperform" rating and issued a $310.00 target price on shares of Burlington Stores in a report on Tuesday, November 26th. One research analyst has rated the stock with a hold rating and fifteen have assigned a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $317.87.

Burlington Stores Stock Up 0.4 %

Shares of Burlington Stores stock traded up $1.02 during midday trading on Friday, hitting $290.46. The company's stock had a trading volume of 415,855 shares, compared to its average volume of 584,832. Burlington Stores, Inc. has a 1-year low of $174.64 and a 1-year 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. The firm has a market capitalization of $18.44 billion, a P/E ratio of 39.79, a PEG ratio of 1.54 and a beta of 1.63. The stock has a 50-day simple moving average of $284.30 and a 200-day simple moving average of $267.09.

Burlington Stores (NYSE:BURL - Get Free Report) last released its earnings results on Tuesday, November 26th. The company reported $1.55 earnings per share for the quarter, beating the consensus estimate of $1.54 by $0.01. The company had revenue of $2.53 billion for the quarter, compared to analysts' expectations of $2.55 billion. Burlington Stores had a return on equity of 47.52% and a net margin of 4.49%. The business's revenue for the quarter was up 10.5% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.98 EPS. As a group, sell-side analysts expect that Burlington Stores, Inc. will post 7.93 earnings per share for the current year.

Insider Buying and Selling at Burlington Stores

In other Burlington Stores news, CMO Jennifer Vecchio sold 494 shares of the business's stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $284.95, for a total value of $140,765.30. Following the transaction, the chief marketing officer now owns 59,437 shares in the company, valued at $16,936,573.15. The trade was a 0.82 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 0.91% of the company's stock.

Burlington Stores Company 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.