Harvest Investment Services LLC Invests $582,000 in Burlington Stores, Inc. (NYSE:BURL)

Harvest Investment Services LLC purchased a new stake in Burlington Stores, Inc. (NYSE:BURL - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 2,040 shares of the company's stock, valued at approximately $582,000.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Anomaly Capital Management LP increased its holdings in shares of Burlington Stores by 21.9% during the 4th quarter. Anomaly Capital Management LP now owns 961,281 shares of the company's stock worth $274,023,000 after buying an additional 172,431 shares during the last quarter. Nippon Life Global Investors Americas Inc. increased its stake in Burlington Stores by 2.3% during the fourth quarter. Nippon Life Global Investors Americas Inc. now owns 3,140 shares of the company's stock worth $895,000 after acquiring an additional 70 shares during the last quarter. Hsbc Holdings PLC raised its position in Burlington Stores by 6.6% in the fourth quarter. Hsbc Holdings PLC now owns 43,270 shares of the company's stock valued at $12,336,000 after purchasing an additional 2,685 shares during the period. SRS Investment Management LLC grew its holdings in shares of Burlington Stores by 10.8% during the 4th quarter. SRS Investment Management LLC now owns 1,270,421 shares of the company's stock worth $362,146,000 after purchasing an additional 123,973 shares during the period. Finally, J. Safra Sarasin Holding AG purchased a new position in shares of Burlington Stores during the 4th quarter worth $2,933,000.

Wall Street Analysts Forecast Growth

BURL has been the subject of several research analyst reports. Barclays increased their target price on shares of Burlington Stores from $317.00 to $329.00 and gave the stock an "overweight" rating in a research note on Friday, March 7th. Citigroup cut their target price on Burlington Stores from $344.00 to $340.00 and set a "buy" rating on the stock in a research report on Friday, March 7th. UBS Group raised their price target on Burlington Stores from $360.00 to $405.00 and gave the stock a "buy" rating in a research report on Friday, March 7th. Robert W. Baird boosted their price objective on Burlington Stores from $330.00 to $335.00 and gave the company an "outperform" rating in a report on Friday, March 7th. Finally, Morgan Stanley raised 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. One investment analyst has rated the stock with a hold rating and fifteen have issued a buy rating to the stock. Based on data from MarketBeat, Burlington Stores has a consensus rating of "Moderate Buy" and a consensus target price of $323.13.

Burlington Stores Stock Down 0.7 %

Burlington Stores stock opened at $215.94 on Wednesday. The company has a market capitalization of $13.60 billion, a P/E ratio of 29.58, 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, Inc. has a fifty-two week low of $174.64 and a fifty-two week high of $298.89. The stock has a 50-day simple moving average of $237.60 and a 200-day simple moving average of $261.67.

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. The business had revenue of $3.28 billion during the quarter, compared to the consensus estimate of $3.25 billion. Burlington Stores had a return on equity of 47.52% and a net margin of 4.49%. Equities research analysts expect that Burlington Stores, Inc. will post 7.93 earnings per share for the current year.

Insider Activity

In other news, CMO Jennifer Vecchio sold 493 shares of the company'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 transaction of $135,944.75. Following the completion of the sale, the chief marketing officer now owns 58,944 shares in the company, valued at $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 is available through this link. Corporate insiders own 1.10% 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.

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