Massachusetts Financial Services Co. MA Boosts Stake in Burlington Stores, Inc. (NYSE:BURL)

Massachusetts Financial Services Co. MA lifted its holdings in shares of Burlington Stores, Inc. (NYSE:BURL - Free Report) by 30.8% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 955,648 shares of the company's stock after buying an additional 225,124 shares during the period. Massachusetts Financial Services Co. MA owned approximately 1.51% of Burlington Stores worth $272,417,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Norges Bank purchased a new stake in shares of Burlington Stores in the fourth quarter valued at about $227,268,000. Arrowstreet Capital Limited Partnership boosted its holdings in Burlington Stores by 38.6% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 506,170 shares of the company's stock valued at $144,289,000 after purchasing an additional 141,020 shares in the last quarter. American Century Companies Inc. increased its position in Burlington Stores by 17.1% during the 4th quarter. American Century Companies Inc. now owns 708,120 shares of the company's stock worth $201,857,000 after purchasing an additional 103,202 shares during the period. Victory Capital Management Inc. raised its stake in shares of Burlington Stores by 52.7% during the 4th quarter. Victory Capital Management Inc. now owns 222,151 shares of the company's stock worth $63,326,000 after buying an additional 76,684 shares in the last quarter. Finally, Proficio Capital Partners LLC acquired a new stake in shares of Burlington Stores in the 4th quarter valued at approximately $20,965,000.

Insider Transactions at Burlington Stores

In other news, CMO Jennifer Vecchio sold 4,939 shares of the stock in a transaction dated Thursday, March 20th. The shares were sold at an average price of $239.94, for a total transaction of $1,185,063.66. Following the transaction, the chief marketing officer now directly owns 70,006 shares in the company, valued at $16,797,239.64. This represents a 6.59 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 0.91% of the company's stock.

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Burlington Stores Price Performance

Shares of BURL traded down $4.72 during trading hours on Monday, reaching $226.78. 1,883,189 shares of the company traded hands, compared to its average volume of 963,138. The stock has a fifty day simple moving average of $248.86 and a 200 day simple moving average of $265.23. Burlington Stores, Inc. has a fifty-two week low of $174.64 and a fifty-two week high of $298.89. The stock has a market capitalization of $14.33 billion, a PE ratio of 31.07, a price-to-earnings-growth ratio of 1.11 and a beta of 1.65. 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 announced its quarterly earnings data on Thursday, March 6th. The company reported $4.07 earnings per share (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 the consensus estimate of $3.25 billion. Burlington Stores had a net margin of 4.49% and a return on equity of 47.52%. As a group, research analysts predict that Burlington Stores, Inc. will post 7.93 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on BURL. Barclays upped their price objective on Burlington Stores from $317.00 to $329.00 and gave the stock an "overweight" rating in a report on Friday, March 7th. UBS Group increased their price target on shares of Burlington Stores from $360.00 to $405.00 and gave the company a "buy" rating in a report on Friday, March 7th. Telsey Advisory Group reiterated an "outperform" rating and issued a $340.00 price objective on shares of Burlington Stores in a research note on Thursday, March 6th. Robert W. Baird upped their target price on shares of Burlington Stores from $330.00 to $335.00 and gave the stock an "outperform" rating in a research report on Friday, March 7th. Finally, Morgan Stanley lifted their price target on shares of Burlington Stores from $296.00 to $297.00 and gave the company an "overweight" rating in a research report on Friday, March 7th. One research analyst has rated the stock with a hold rating and fifteen have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target 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.