Burlington Stores, Inc. (NYSE:BURL) Stock Holdings Raised by KBC Group NV

KBC Group NV grew its position in Burlington Stores, Inc. (NYSE:BURL - Free Report) by 8.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 40,717 shares of the company's stock after purchasing an additional 3,154 shares during the quarter. KBC Group NV owned approximately 0.06% of Burlington Stores worth $11,607,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. Geode Capital Management LLC raised its stake in Burlington Stores by 1.7% during the 3rd quarter. Geode Capital Management LLC now owns 1,074,960 shares of the company's stock valued at $282,582,000 after acquiring an additional 18,160 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its stake in shares of Burlington Stores by 1,048.8% in the third quarter. Massachusetts Financial Services Co. MA now owns 730,524 shares of the company's stock valued at $192,478,000 after buying an additional 666,934 shares in the last quarter. Clearbridge Investments LLC grew its holdings in Burlington Stores by 2.2% during the second quarter. Clearbridge Investments LLC now owns 663,527 shares of the company's stock worth $159,246,000 after acquiring an additional 14,080 shares during the period. Jennison Associates LLC raised its position in Burlington Stores by 2.4% in the third quarter. Jennison Associates LLC now owns 510,074 shares of the company's stock worth $134,394,000 after acquiring an additional 12,143 shares in the last quarter. Finally, Stephens Investment Management Group LLC raised its position in Burlington Stores by 2.0% in the third quarter. Stephens Investment Management Group LLC now owns 403,981 shares of the company's stock worth $106,441,000 after acquiring an additional 7,859 shares in the last quarter.

Insider Buying and Selling at Burlington Stores

In other news, CMO Jennifer Vecchio sold 494 shares of Burlington Stores stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $293.89, for a total transaction of $145,181.66. Following the sale, the chief marketing officer now owns 59,931 shares in the company, valued at $17,613,121.59. This trade represents a 0.82 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.91% of the stock is currently owned by corporate insiders.

Burlington Stores Trading Up 2.0 %

NYSE:BURL traded up $5.93 during trading hours on Thursday, reaching $295.88. 414,804 shares of the company were exchanged, compared to its average volume of 651,702. Burlington Stores, Inc. has a 52-week low of $174.64 and a 52-week high of $298.89. The stock has a 50 day simple moving average of $287.85 and a 200 day simple moving average of $269.82. The firm has a market cap of $18.78 billion, a price-to-earnings ratio of 40.53, a PEG ratio of 1.55 and a beta of 1.63. The company has a debt-to-equity ratio of 1.35, a current ratio of 1.17 and a quick ratio of 0.54.

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

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on BURL. UBS Group raised shares of Burlington Stores from a "neutral" rating to a "buy" rating and upped their price target for the stock from $280.00 to $360.00 in a research note on Friday, January 10th. Telsey Advisory Group reaffirmed an "outperform" rating and issued a $310.00 target price on shares of Burlington Stores in a report on Tuesday, November 26th. Morgan Stanley boosted their price target on Burlington Stores from $285.00 to $305.00 and gave the stock an "overweight" rating in a research note on Wednesday, November 27th. StockNews.com downgraded Burlington Stores from a "buy" rating to a "hold" rating in a research note on Wednesday, October 23rd. Finally, Evercore ISI lifted their price objective on Burlington Stores from $315.00 to $340.00 and gave the stock an "outperform" rating in a report on Wednesday, November 27th. One research analyst has rated the stock with a hold rating and fifteen have given a buy rating to the company's stock. According to data from MarketBeat, Burlington Stores currently has an average rating of "Moderate Buy" and a consensus price target of $317.87.

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.