Burlington Stores, Inc. (NYSE:BURL) Shares Bought by Intech Investment Management LLC

Intech Investment Management LLC lifted its holdings in shares of Burlington Stores, Inc. (NYSE:BURL - Free Report) by 67.0% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 7,715 shares of the company's stock after acquiring an additional 3,094 shares during the period. Intech Investment Management LLC's holdings in Burlington Stores were worth $2,199,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in BURL. OneDigital Investment Advisors LLC grew its holdings in shares of Burlington Stores by 5.5% during the third quarter. OneDigital Investment Advisors LLC now owns 1,027 shares of the company's stock worth $271,000 after purchasing an additional 54 shares during the last quarter. CIBC Asset Management Inc increased its position in Burlington Stores by 5.4% during the third quarter. CIBC Asset Management Inc now owns 2,283 shares of the company's stock worth $602,000 after buying an additional 116 shares during the period. Natixis Advisors LLC lifted its stake in Burlington Stores by 66.3% in the third quarter. Natixis Advisors LLC now owns 22,419 shares of the company's stock valued at $5,907,000 after buying an additional 8,939 shares during the last quarter. Fifth Third Wealth Advisors LLC boosted its holdings in shares of Burlington Stores by 9.9% in the third quarter. Fifth Third Wealth Advisors LLC now owns 2,226 shares of the company's stock valued at $587,000 after acquiring an additional 201 shares during the period. Finally, B. Metzler seel. Sohn & Co. Holding AG purchased a new position in shares of Burlington Stores during the third quarter worth approximately $594,000.

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Burlington Stores Price Performance

Shares of NYSE BURL traded down $3.67 during midday trading on Tuesday, hitting $244.88. The company had a trading volume of 668,423 shares, compared to its average volume of 937,452. The firm 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, Inc. has a twelve month low of $174.64 and a twelve month high of $298.89. The business has a 50-day simple moving average of $257.35 and a two-hundred day simple moving average of $266.95. 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 posted its quarterly earnings results on Thursday, March 6th. The company reported $4.07 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $3.75 by $0.32. The company had revenue of $3.28 billion during the quarter, compared to the consensus estimate of $3.25 billion. Burlington Stores had a net margin of 4.49% and a return on equity of 47.52%. Equities research analysts anticipate that Burlington Stores, Inc. will post 7.93 earnings per share for the current year.

Insiders Place Their Bets

In other Burlington Stores news, CMO Jennifer Vecchio sold 4,939 shares of Burlington Stores stock in a transaction dated Thursday, March 20th. The shares were sold at an average price of $239.94, for a total transaction of $1,185,063.66. Following the completion of the transaction, the chief marketing officer now owns 70,006 shares in the company, valued at approximately $16,797,239.64. The trade was a 6.59 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Over the last ninety days, insiders have sold 5,926 shares of company stock worth $1,461,774. 0.91% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on BURL. Robert W. Baird increased their price target 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. 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. Evercore ISI boosted their price target on Burlington Stores from $315.00 to $340.00 and gave the company an "outperform" rating in a research report on Wednesday, November 27th. Telsey Advisory Group reaffirmed an "outperform" rating and set a $340.00 price objective on shares of Burlington Stores in a research report on Thursday, March 6th. Finally, UBS Group lifted their target price on Burlington Stores from $360.00 to $405.00 and gave the company a "buy" rating in a research note on Friday, March 7th. One equities research analyst has rated the stock with a hold rating and fifteen have given a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $323.20.

Burlington Stores 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.