Burlington Stores, Inc. (NYSE:BURL) Shares Sold by Korea Investment CORP

Korea Investment CORP lessened its holdings in shares of Burlington Stores, Inc. (NYSE:BURL - Free Report) by 15.0% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 45,404 shares of the company's stock after selling 7,999 shares during the quarter. Korea Investment CORP owned 0.07% of Burlington Stores worth $12,943,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of the business. Zions Bancorporation N.A. raised its position in Burlington Stores by 21.3% in the fourth quarter. Zions Bancorporation N.A. now owns 12,830 shares of the company's stock valued at $3,657,000 after purchasing an additional 2,257 shares during the period. Sheets Smith Investment Management acquired a new stake in shares of Burlington Stores in the fourth quarter valued at about $905,000. Emerald Advisers LLC raised its holdings in shares of Burlington Stores by 60.6% during the 4th quarter. Emerald Advisers LLC now owns 2,244 shares of the company's stock valued at $640,000 after buying an additional 847 shares during the period. Stevens Capital Management LP acquired a new position in Burlington Stores during the 4th quarter worth approximately $536,000. Finally, LPL Financial LLC boosted its holdings in Burlington Stores by 18.6% in the 4th quarter. LPL Financial LLC now owns 19,567 shares of the company's stock worth $5,648,000 after acquiring an additional 3,071 shares during the period.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on BURL. Robert W. Baird lifted their price objective on shares of Burlington Stores from $330.00 to $335.00 and gave the company an "outperform" rating in a research note on Friday, March 7th. Barclays lifted their price target 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. Morgan Stanley boosted their price objective on shares of Burlington Stores from $296.00 to $297.00 and gave the stock an "overweight" rating in a report on Friday, March 7th. Telsey Advisory Group restated an "outperform" rating and set a $340.00 target price on shares of Burlington Stores in a research note on Thursday, March 6th. Finally, TD Cowen boosted their price target on Burlington Stores from $334.00 to $339.00 and gave the stock a "buy" rating in a research note on Thursday, December 12th. One 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 a consensus rating of "Moderate Buy" and an average price target of $323.20.

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Burlington Stores Stock Performance

Shares of NYSE BURL traded down $5.14 during trading on Friday, reaching $230.52. The stock had a trading volume of 3,035,888 shares, compared to its average volume of 959,951. The company has a debt-to-equity ratio of 1.35, a quick ratio of 0.54 and a current ratio of 1.17. The stock has a market cap of $14.57 billion, a PE ratio of 31.58, a P/E/G ratio of 1.11 and a beta of 1.73. Burlington Stores, Inc. has a one year low of $174.64 and a one year high of $298.89. The firm's 50 day moving average price is $248.86 and its two-hundred day moving average price is $265.30.

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

Insiders Place Their Bets

In other Burlington Stores news, CMO Jennifer Vecchio sold 4,939 shares of the stock in a transaction on Thursday, March 20th. The stock was sold at an average price of $239.94, for a total value of $1,185,063.66. Following the sale, the chief marketing officer now directly owns 70,006 shares of the company's stock, valued at $16,797,239.64. This trade represents a 6.59 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.91% of the stock is currently owned by corporate insiders.

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.