Geode Capital Management LLC Buys 8,892 Shares of Burlington Stores, Inc. (NYSE:BURL)

Geode Capital Management LLC boosted its holdings in shares of Burlington Stores, Inc. (NYSE:BURL - Free Report) by 0.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,083,852 shares of the company's stock after acquiring an additional 8,892 shares during the period. Geode Capital Management LLC owned about 1.71% of Burlington Stores worth $308,403,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of BURL. Summit Financial LLC purchased a new stake in Burlington Stores during the 4th quarter worth about $316,000. Meeder Asset Management Inc. raised its position in shares of Burlington Stores by 13.4% in the fourth quarter. Meeder Asset Management Inc. now owns 18,804 shares of the company's stock valued at $5,360,000 after buying an additional 2,228 shares during the last quarter. Wellington Management Group LLP lifted its stake in shares of Burlington Stores by 43.2% during the fourth quarter. Wellington Management Group LLP now owns 212,950 shares of the company's stock valued at $60,704,000 after buying an additional 64,233 shares during the period. CIBC Private Wealth Group LLC boosted its position in Burlington Stores by 33.3% during the fourth quarter. CIBC Private Wealth Group LLC now owns 709 shares of the company's stock worth $203,000 after acquiring an additional 177 shares during the last quarter. Finally, Schroder Investment Management Group grew its stake in Burlington Stores by 5.5% in the 4th quarter. Schroder Investment Management Group now owns 201,270 shares of the company's stock worth $57,322,000 after acquiring an additional 10,430 shares during the period.

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Burlington Stores Stock Down 2.9 %

Shares of NYSE BURL traded down $7.19 during mid-day trading on Thursday, reaching $239.67. The company had a trading volume of 308,700 shares, compared to its average volume of 969,092. The stock has a fifty day moving average of $243.15 and a two-hundred day moving average of $263.91. Burlington Stores, Inc. has a 12-month low of $174.64 and a 12-month high of $298.89. The company has a market capitalization of $15.15 billion, a price-to-earnings ratio of 32.85, a PEG 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 (NYSE:BURL - Get Free Report) last issued its 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 firm had revenue of $3.28 billion for the quarter, compared to the consensus estimate of $3.25 billion. As a group, equities research analysts expect that Burlington Stores, Inc. will post 7.93 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on BURL. UBS Group upped their price objective on shares of Burlington Stores from $360.00 to $405.00 and gave the company a "buy" rating in a research note on Friday, March 7th. TD Cowen upped their price target on shares of Burlington Stores from $334.00 to $339.00 and gave the stock a "buy" rating in a research report on Thursday, December 12th. Morgan Stanley boosted their target price 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. Robert W. Baird raised their price target on shares of Burlington Stores from $330.00 to $335.00 and gave the company an "outperform" rating in a report on Friday, March 7th. Finally, 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. One analyst has rated the stock with a hold rating and fifteen have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $323.20.

Insider Activity at Burlington Stores

In related news, CMO Jennifer Vecchio sold 4,939 shares of the firm's stock in a transaction on 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 transaction, the chief marketing officer now directly owns 70,006 shares in the company, valued at approximately $16,797,239.64. This trade represents a 6.59 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. 0.91% of the stock is owned by company insiders.

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.