Harvest Fund Management Co. Ltd Increases Holdings in Burlington Stores, Inc. (NYSE:BURL)

Harvest Fund Management Co. Ltd grew its stake in Burlington Stores, Inc. (NYSE:BURL - Free Report) by 227.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,443 shares of the company's stock after buying an additional 2,390 shares during the period. Harvest Fund Management Co. Ltd's holdings in Burlington Stores were worth $981,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in BURL. Argonautica Private Wealth Management Inc. raised its holdings in shares of Burlington Stores by 1.1% during the 4th quarter. Argonautica Private Wealth Management Inc. now owns 3,728 shares of the company's stock valued at $1,063,000 after buying an additional 39 shares in the last quarter. IFP Advisors Inc raised its stake in shares of Burlington Stores by 81.6% during the fourth quarter. IFP Advisors Inc now owns 89 shares of the company's stock worth $25,000 after acquiring an additional 40 shares in the last quarter. Legacy Capital Wealth Partners LLC lifted its holdings 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 worth $300,000 after acquiring an additional 42 shares during the last quarter. MassMutual Private Wealth & Trust FSB boosted its stake in shares of 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 holdings in shares of Burlington Stores by 1.5% during the 3rd quarter. M&T Bank Corp now owns 3,089 shares of the company's stock valued at $813,000 after purchasing an additional 47 shares during the last quarter.

Remove Ads

Analyst Ratings Changes

Several research firms have weighed in on BURL. UBS Group boosted their price target on shares of Burlington Stores from $360.00 to $405.00 and gave the stock a "buy" rating in a research note on Friday, March 7th. Morgan Stanley increased their target price on Burlington Stores from $296.00 to $297.00 and gave the company an "overweight" rating in a report on Friday, March 7th. Citigroup decreased their price target on Burlington Stores from $344.00 to $340.00 and set a "buy" rating on the stock in a research note on Friday, March 7th. Telsey Advisory Group reissued an "outperform" rating and set a $340.00 price objective on shares of Burlington Stores in a research note on Thursday, March 6th. Finally, Robert W. Baird lifted their target price on shares of Burlington Stores from $330.00 to $335.00 and gave the stock an "outperform" rating in a research note on Friday, March 7th. 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 company has a consensus rating of "Moderate Buy" and a consensus price target of $323.20.

Burlington Stores Trading Down 1.5 %

Shares of BURL traded down $3.67 during trading hours on Tuesday, reaching $244.88. 668,423 shares of the company traded hands, compared to its average volume of 937,452. Burlington Stores, Inc. has a 12 month low of $174.64 and a 12 month 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 company's fifty day moving average price is $257.35 and its two-hundred day moving average price is $266.95. The company has a market capitalization of $15.48 billion, a price-to-earnings ratio of 33.55, a price-to-earnings-growth ratio of 1.11 and a beta of 1.73.

Burlington Stores (NYSE:BURL - Get Free Report) last posted its quarterly earnings data on Thursday, March 6th. The company reported $4.07 earnings per share for the quarter, beating the consensus estimate of $3.75 by $0.32. Burlington Stores had a return on equity of 47.52% and a net margin of 4.49%. The business had revenue of $3.28 billion for the quarter, compared to analysts' expectations of $3.25 billion. Equities research analysts predict 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 stock in a transaction 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 completion of the transaction, the chief marketing officer now owns 58,944 shares in the company, valued at approximately $16,253,808. This represents a 0.83 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders have sold 5,926 shares of company stock worth $1,461,774 over the last ninety days. 0.91% of the stock is owned by corporate 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.