Burlington Stores, Inc. (NYSE:BURL) Shares Acquired by LPL Financial LLC

LPL Financial LLC grew its holdings in Burlington Stores, Inc. (NYSE:BURL - Free Report) by 18.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 19,567 shares of the company's stock after acquiring an additional 3,071 shares during the period. LPL Financial LLC's holdings in Burlington Stores were worth $5,648,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. IFP Advisors Inc raised its holdings in Burlington Stores by 81.6% in the 4th quarter. IFP Advisors Inc now owns 89 shares of the company's stock worth $25,000 after purchasing an additional 40 shares during the period. Fortitude Family Office LLC raised its stake in shares of Burlington Stores by 148.6% in the fourth quarter. Fortitude Family Office LLC now owns 92 shares of the company's stock worth $26,000 after buying an additional 55 shares during the period. Stonebridge Financial Group LLC purchased a new position in shares of Burlington Stores during the 4th quarter valued at about $31,000. Farther Finance Advisors LLC grew its stake in shares of Burlington Stores by 104.5% during the 4th quarter. Farther Finance Advisors LLC now owns 135 shares of the company's stock valued at $38,000 after acquiring an additional 69 shares during the period. Finally, Parkside Financial Bank & Trust increased its holdings in Burlington Stores by 157.1% in the 4th quarter. Parkside Financial Bank & Trust now owns 144 shares of the company's stock worth $41,000 after acquiring an additional 88 shares in the last quarter.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the stock. Barclays lifted their price target on shares of Burlington Stores from $317.00 to $329.00 and gave the company an "overweight" rating in a report on Friday, March 7th. Telsey Advisory Group reaffirmed an "outperform" rating and issued a $340.00 target price on shares of Burlington Stores in a report on Thursday, March 6th. Citigroup decreased their price target on Burlington Stores from $344.00 to $340.00 and set a "buy" rating on the stock in a report on Friday, March 7th. Robert W. Baird upped their price objective on Burlington Stores from $330.00 to $335.00 and gave the stock an "outperform" rating in a research note on Friday, March 7th. Finally, Morgan Stanley lifted their target price on Burlington Stores from $296.00 to $297.00 and gave the company an "overweight" rating in a research note on Friday, March 7th. One research analyst has rated the stock with a hold rating and fifteen have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $323.20.

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Burlington Stores Price Performance

Burlington Stores stock traded down $2.85 during mid-day trading on Friday, reaching $240.59. 1,114,783 shares of the company's stock traded hands, compared to its average volume of 973,415. Burlington Stores, Inc. has a 12-month low of $174.64 and a 12-month high of $298.89. The company has a market cap of $15.15 billion, a price-to-earnings ratio of 32.96, a PEG ratio of 1.11 and a beta of 1.65. The stock has a 50 day moving average of $241.92 and a two-hundred day moving average of $263.46. 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 released its quarterly earnings results on Thursday, March 6th. The company reported $4.07 EPS for the quarter, topping the consensus estimate of $3.75 by $0.32. Burlington Stores had a return on equity of 47.52% and a net margin of 4.49%. The company had revenue of $3.28 billion during the quarter, compared to analyst estimates of $3.25 billion. Equities analysts forecast that Burlington Stores, Inc. will post 7.93 earnings per share for the current year.

Insider Activity

In other Burlington Stores news, CMO Jennifer Vecchio sold 4,939 shares of the business's stock in a transaction dated Thursday, March 20th. The shares were sold at an average price of $239.94, for a total value of $1,185,063.66. Following the completion of the transaction, the chief marketing officer now directly 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 document filed with the SEC, which can be accessed through the SEC website. Insiders own 0.91% of the company's stock.

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.