Independent Advisor Alliance Buys New Shares in Burlington Stores, Inc. (NYSE:BURL)

Independent Advisor Alliance acquired a new stake in shares of Burlington Stores, Inc. (NYSE:BURL - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 3,064 shares of the company's stock, valued at approximately $873,000.

A number of other hedge funds have also recently made changes to their positions in BURL. Geode Capital Management LLC lifted its position in shares of Burlington Stores by 1.7% during the third quarter. Geode Capital Management LLC now owns 1,074,960 shares of the company's stock valued at $282,582,000 after purchasing an additional 18,160 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its position in shares of Burlington Stores by 1,048.8% during the third quarter. Massachusetts Financial Services Co. MA now owns 730,524 shares of the company's stock valued at $192,478,000 after purchasing an additional 666,934 shares in the last quarter. Jennison Associates LLC lifted its position in shares of Burlington Stores by 2.4% during the third quarter. Jennison Associates LLC now owns 510,074 shares of the company's stock valued at $134,394,000 after purchasing an additional 12,143 shares in the last quarter. Artemis Investment Management LLP lifted its position in shares of Burlington Stores by 6.6% during the fourth quarter. Artemis Investment Management LLP now owns 396,938 shares of the company's stock valued at $113,151,000 after purchasing an additional 24,576 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its position in shares of Burlington Stores by 0.3% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 395,950 shares of the company's stock valued at $112,870,000 after purchasing an additional 1,368 shares in the last quarter.

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Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on BURL shares. UBS Group raised their price target on shares of Burlington Stores from $360.00 to $405.00 and gave the company a "buy" rating in a research report on Friday, March 7th. Citigroup lowered their price objective on shares of Burlington Stores from $344.00 to $340.00 and set a "buy" rating on the stock in a research report on Friday, March 7th. Robert W. Baird lifted their price objective on shares of Burlington Stores from $330.00 to $335.00 and gave the stock an "outperform" rating in a research report on Friday, March 7th. Evercore ISI lifted their price objective on shares of Burlington Stores from $315.00 to $340.00 and gave the stock an "outperform" rating in a research report on Wednesday, November 27th. Finally, TD Cowen lifted their price objective 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. 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.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $323.20.

Insider Activity at Burlington Stores

In other news, CMO Jennifer Vecchio sold 493 shares of the stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $275.75, for a total value of $135,944.75. Following the transaction, the chief marketing officer now owns 58,944 shares of the company's stock, valued at $16,253,808. This represents a 0.83 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.91% of the stock is owned by corporate insiders.

Burlington Stores Price Performance

NYSE:BURL traded up $10.73 during mid-day trading on Wednesday, hitting $244.63. 1,250,561 shares of the stock traded hands, compared to its average volume of 933,256. The business's 50-day moving average price is $260.94 and its 200 day moving average price is $267.67. The company has a market cap of $15.53 billion, a PE ratio of 33.51, a price-to-earnings-growth ratio of 1.11 and a beta of 1.73. 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.

Burlington Stores (NYSE:BURL - Get Free Report) last issued its quarterly earnings data on Thursday, March 6th. The company reported $4.07 EPS for the quarter, beating the consensus estimate of $3.75 by $0.32. The company had revenue of $3.28 billion during the quarter, compared to analysts' expectations of $3.25 billion. Burlington Stores had a net margin of 4.49% and a return on equity of 47.52%. On average, analysts expect that Burlington Stores, Inc. will post 7.93 EPS for the current fiscal year.

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.