Jupiter Asset Management Ltd. Decreases Position in Burlington Stores, Inc. (NYSE:BURL)

Jupiter Asset Management Ltd. cut its holdings in Burlington Stores, Inc. (NYSE:BURL - Free Report) by 65.4% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 40,335 shares of the company's stock after selling 76,373 shares during the quarter. Jupiter Asset Management Ltd. owned 0.06% of Burlington Stores worth $11,498,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Sumitomo Mitsui Trust Group Inc. increased its holdings in Burlington Stores by 2.3% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 145,552 shares of the company's stock worth $38,350,000 after acquiring an additional 3,246 shares in the last quarter. Alpha DNA Investment Management LLC purchased a new stake in shares of Burlington Stores during the third quarter worth about $764,000. Buckingham Capital Management Inc. increased its stake in shares of Burlington Stores by 159.0% during the fourth quarter. Buckingham Capital Management Inc. now owns 17,419 shares of the company's stock worth $4,965,000 after purchasing an additional 10,693 shares in the last quarter. Logan Capital Management Inc. lifted its stake in Burlington Stores by 9.1% in the 3rd quarter. Logan Capital Management Inc. now owns 56,354 shares of the company's stock valued at $14,848,000 after buying an additional 4,695 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC lifted its stake in Burlington Stores by 7.5% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 378,921 shares of the company's stock valued at $108,292,000 after buying an additional 26,412 shares in the last quarter.

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Insiders Place Their Bets

In other Burlington Stores news, CMO Jennifer Vecchio sold 493 shares of the business'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 value of $135,944.75. Following the sale, the chief marketing officer now owns 58,944 shares of the company's stock, valued at $16,253,808. The trade was a 0.83 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.91% of the stock is currently owned by insiders.

Burlington Stores Trading Up 0.0 %

BURL traded up $0.11 during trading hours on Friday, reaching $228.52. The company's stock had a trading volume of 986,745 shares, compared to its average volume of 1,128,415. The stock has a market cap of $14.51 billion, a PE ratio of 31.30, a P/E/G ratio of 1.11 and a beta of 1.73. Burlington Stores, Inc. has a fifty-two week low of $174.64 and a fifty-two week high of $298.89. The company has a debt-to-equity ratio of 1.35, a current ratio of 1.17 and a quick ratio of 0.54. The business's 50-day moving average is $263.00 and its 200-day moving average is $268.17.

Burlington Stores (NYSE:BURL - Get Free Report) last announced its quarterly earnings results on Thursday, March 6th. The company reported $4.07 EPS for the quarter, beating the consensus estimate of $3.75 by $0.32. The business had revenue of $3.28 billion for the quarter, compared to analyst estimates of $3.25 billion. Burlington Stores had a return on equity of 47.52% and a net margin of 4.49%. As a group, equities research analysts predict that Burlington Stores, Inc. will post 7.93 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts have commented on BURL shares. Telsey Advisory Group reiterated an "outperform" rating and set a $340.00 price objective on shares of Burlington Stores in a research note on Thursday, March 6th. Morgan Stanley increased their price objective on Burlington Stores from $296.00 to $297.00 and gave the company an "overweight" rating in a research note on Friday, March 7th. TD Cowen raised their price objective on Burlington Stores from $334.00 to $339.00 and gave the company a "buy" rating in a report on Thursday, December 12th. Evercore ISI upped their target price on shares of Burlington Stores from $315.00 to $340.00 and gave the stock an "outperform" rating in a report on Wednesday, November 27th. Finally, UBS Group raised 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. One investment analyst has rated the stock with a hold rating and fifteen have issued a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $323.20.

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.