Kestra Investment Management LLC Buys New Shares in Burlington Stores, Inc. (NYSE:BURL)

Kestra Investment Management LLC bought a new position in shares of Burlington Stores, Inc. (NYSE:BURL - Free Report) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 1,829 shares of the company's stock, valued at approximately $521,000.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. Geode Capital Management LLC raised its holdings in shares of Burlington Stores by 1.7% in the 3rd 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 grew its position 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 valued at $192,478,000 after buying an additional 666,934 shares during the last quarter. Jennison Associates LLC grew its position in shares of Burlington Stores by 2.4% in the 3rd quarter. Jennison Associates LLC now owns 510,074 shares of the company's stock valued at $134,394,000 after buying an additional 12,143 shares during the last quarter. Stephens Investment Management Group LLC grew its position in shares of Burlington Stores by 2.0% in the 3rd quarter. Stephens Investment Management Group LLC now owns 403,981 shares of the company's stock valued at $106,441,000 after buying an additional 7,859 shares during the last quarter. Finally, Artemis Investment Management LLP grew its position in shares of Burlington Stores by 6.6% in the 4th quarter. Artemis Investment Management LLP now owns 396,938 shares of the company's stock valued at $113,151,000 after buying an additional 24,576 shares during the last quarter.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on BURL shares. Robert W. Baird increased their target price on shares of Burlington Stores from $315.00 to $330.00 and gave the company an "outperform" rating in a research report on Wednesday, November 27th. Citigroup increased their target price on shares of Burlington Stores from $313.00 to $344.00 and gave the company a "buy" rating in a research report on Wednesday, November 27th. Morgan Stanley increased their target price on shares of Burlington Stores from $285.00 to $305.00 and gave the company an "overweight" rating in a research report on Wednesday, November 27th. Telsey Advisory Group reaffirmed an "outperform" rating and issued a $310.00 target price on shares of Burlington Stores in a research report on Tuesday, November 26th. Finally, Barclays lowered their price objective on shares of Burlington Stores from $327.00 to $317.00 and set an "overweight" rating on the stock in a research report on Wednesday, November 27th. One investment analyst has rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $317.87.

Insider Transactions at Burlington Stores

In other news, CMO Jennifer Vecchio sold 494 shares of Burlington Stores stock in a transaction dated 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 in the company, valued at $16,936,573.15. The trade was a 0.82 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Insiders sold a total of 1,481 shares of company stock worth $421,892 over the last ninety days. 0.91% of the stock is currently owned by corporate insiders.

Burlington Stores Price Performance

Shares of NYSE BURL traded down $6.25 during midday trading on Friday, hitting $235.74. The company had a trading volume of 873,043 shares, compared to its average volume of 796,881. 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, 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 $278.56 and a two-hundred day simple moving average of $270.63. The firm has a market capitalization of $14.96 billion, a price-to-earnings ratio of 32.29, a price-to-earnings-growth ratio of 1.11 and a beta of 1.62.

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