GW&K Investment Management LLC Has $85.23 Million Stock Position in Burlington Stores, Inc. (NYSE:BURL)

GW&K Investment Management LLC grew its holdings in Burlington Stores, Inc. (NYSE:BURL - Free Report) by 0.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 298,973 shares of the company's stock after purchasing an additional 2,124 shares during the quarter. Burlington Stores comprises about 0.7% of GW&K Investment Management LLC's investment portfolio, making the stock its 23rd largest position. GW&K Investment Management LLC owned 0.47% of Burlington Stores worth $85,226,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the stock. Argonautica Private Wealth Management Inc. increased its holdings 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 valued at $1,063,000 after purchasing an additional 39 shares in the last quarter. IFP Advisors Inc boosted its position in Burlington Stores by 81.6% in the 4th quarter. IFP Advisors Inc now owns 89 shares of the company's stock valued at $25,000 after buying an additional 40 shares during the last quarter. Legacy Capital Wealth Partners LLC increased its stake in shares of 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 buying an additional 42 shares during the period. MassMutual Private Wealth & Trust FSB raised its position in shares of Burlington Stores by 36.5% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 172 shares of the company's stock worth $49,000 after acquiring an additional 46 shares during the last quarter. Finally, M&T Bank Corp lifted its stake 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 valued at $813,000 after acquiring an additional 47 shares during the period.

Analysts Set New Price Targets

BURL has been the subject of several recent research reports. Telsey Advisory Group reissued an "outperform" rating and set a $340.00 price objective on shares of Burlington Stores in a report on Thursday, February 27th. Robert W. Baird boosted their price target on shares of Burlington Stores from $315.00 to $330.00 and gave the stock an "outperform" rating in a research note on Wednesday, November 27th. Barclays reduced their price objective on shares of Burlington Stores from $327.00 to $317.00 and set an "overweight" rating on the stock in a research note on Wednesday, November 27th. Evercore ISI upped their target price on shares of Burlington Stores from $315.00 to $340.00 and gave the company an "outperform" rating in a research report on Wednesday, November 27th. Finally, UBS Group upgraded Burlington Stores from a "neutral" rating to a "buy" rating and raised their price target for the stock from $280.00 to $360.00 in a research report on Friday, January 10th. One analyst has rated the stock with a hold rating and fifteen have assigned a buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $319.87.

Insider Activity

In related news, CMO Jennifer Vecchio sold 493 shares of the firm's stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $275.75, for a total transaction of $135,944.75. Following the sale, the chief marketing officer now directly owns 58,944 shares in the company, valued at $16,253,808. This trade represents a 0.83 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Corporate insiders own 0.91% of the company's stock.

Burlington Stores Stock Down 2.4 %

Shares of NYSE:BURL traded down $5.71 during trading on Tuesday, hitting $229.93. 1,751,208 shares of the company's stock traded hands, compared to its average volume of 894,122. The company has a 50-day moving average price of $272.22 and a 200-day moving average price of $270.26. Burlington Stores, Inc. has a 52 week low of $174.64 and a 52 week high of $298.89. The company has a current ratio of 1.17, a quick ratio of 0.54 and a debt-to-equity ratio of 1.35. The company has a market cap of $14.60 billion, a price-to-earnings ratio of 31.50, a price-to-earnings-growth ratio of 1.11 and a beta of 1.62.

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.