HB Wealth Management LLC Acquires Shares of 928 Burlington Stores, Inc. (NYSE:BURL)

HB Wealth Management LLC bought a new position in shares of Burlington Stores, Inc. (NYSE:BURL - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 928 shares of the company's stock, valued at approximately $265,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Massachusetts Financial Services Co. MA raised its holdings in shares of Burlington Stores by 1,048.8% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 730,524 shares of the company's stock worth $192,478,000 after purchasing an additional 666,934 shares during the period. AQR Capital Management LLC lifted its position in Burlington Stores by 2,542.2% during the second quarter. AQR Capital Management LLC now owns 247,970 shares of the company's stock valued at $59,114,000 after buying an additional 238,585 shares in the last quarter. International Assets Investment Management LLC purchased a new stake in Burlington Stores during the third quarter worth approximately $239,510,000. Robeco Institutional Asset Management B.V. increased its position in shares of Burlington Stores by 3,041.5% in the third quarter. Robeco Institutional Asset Management B.V. now owns 30,912 shares of the company's stock worth $8,145,000 after acquiring an additional 29,928 shares in the last quarter. Finally, KBC Group NV raised its stake in shares of Burlington Stores by 317.6% in the 3rd quarter. KBC Group NV now owns 37,563 shares of the company's stock valued at $9,897,000 after acquiring an additional 28,567 shares during the period.

Wall Street Analysts Forecast Growth

Several research firms have commented on BURL. Robert W. Baird raised their price objective on Burlington Stores from $315.00 to $330.00 and gave the company an "outperform" rating in a research report on Wednesday, November 27th. Telsey Advisory Group reaffirmed an "outperform" rating and issued a $310.00 price objective on shares of Burlington Stores in a research report on Tuesday, November 26th. StockNews.com cut shares of Burlington Stores from a "buy" rating to a "hold" rating in a research report on Wednesday, October 23rd. TD Cowen lifted their price target on shares of Burlington Stores from $334.00 to $339.00 and gave the stock a "buy" rating in a research note on Thursday, December 12th. Finally, UBS Group raised shares of Burlington Stores from a "neutral" rating to a "buy" rating and upped their price objective for the company from $280.00 to $360.00 in a research report on Friday, January 10th. 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 stock presently has an average rating of "Moderate Buy" and an average price target of $317.87.

Burlington Stores Stock Performance

Shares of Burlington Stores stock traded up $0.01 during trading hours on Friday, reaching $291.94. The company's stock had a trading volume of 477,623 shares, compared to its average volume of 579,730. 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 one year low of $174.64 and a one year high of $298.89. The company's 50 day simple moving average is $286.79 and its 200 day simple moving average is $268.98. The stock has a market cap of $18.53 billion, a P/E ratio of 39.99, a price-to-earnings-growth ratio of 1.55 and a beta of 1.63.

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

Insider Activity at Burlington Stores

In related news, CMO Jennifer Vecchio sold 494 shares of the stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $284.95, for a total transaction of $140,765.30. Following the completion of the sale, the chief marketing officer now directly owns 59,437 shares of the company's stock, valued at $16,936,573.15. This represents a 0.82 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.91% of the company's stock.

About Burlington Stores

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.