Peregrine Capital Management LLC Purchases 3,828 Shares of Burlington Stores, Inc. (NYSE:BURL)

Peregrine Capital Management LLC lifted its stake in Burlington Stores, Inc. (NYSE:BURL - Free Report) by 10.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 41,990 shares of the company's stock after buying an additional 3,828 shares during the period. Peregrine Capital Management LLC owned about 0.07% of Burlington Stores worth $11,970,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Venturi Wealth Management LLC lifted its stake in Burlington Stores by 145.9% during the fourth quarter. Venturi Wealth Management LLC now owns 268 shares of the company's stock worth $76,000 after purchasing an additional 159 shares during the period. CIBC Asset Management Inc lifted its stake in Burlington Stores by 13.5% during the fourth quarter. CIBC Asset Management Inc now owns 2,592 shares of the company's stock worth $739,000 after purchasing an additional 309 shares during the period. Principal Financial Group Inc. lifted its stake in Burlington Stores by 35.3% during the fourth quarter. Principal Financial Group Inc. now owns 227,020 shares of the company's stock worth $64,714,000 after purchasing an additional 59,173 shares during the period. Legacy Capital Wealth Partners LLC lifted its stake in Burlington Stores by 4.2% during the fourth quarter. Legacy Capital Wealth Partners LLC now owns 1,051 shares of the company's stock worth $300,000 after purchasing an additional 42 shares during the period. Finally, Empire Life Investments Inc. lifted its stake in Burlington Stores by 31.7% during the fourth quarter. Empire Life Investments Inc. now owns 7,983 shares of the company's stock worth $2,276,000 after purchasing an additional 1,922 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 target price on shares of Burlington Stores from $315.00 to $330.00 and gave the company an "outperform" rating in a research note on Wednesday, November 27th. Citigroup lifted their target price on shares of Burlington Stores from $313.00 to $344.00 and gave the company a "buy" rating in a research note on Wednesday, November 27th. Telsey Advisory Group reiterated an "outperform" rating and issued a $310.00 target price on shares of Burlington Stores in a research note on Tuesday, November 26th. Barclays cut their target price on shares of Burlington Stores from $327.00 to $317.00 and set an "overweight" rating for the company in a research note on Wednesday, November 27th. Finally, TD Cowen lifted their target price on shares of Burlington Stores from $334.00 to $339.00 and gave the company a "buy" rating in a research note on Thursday, December 12th. One investment analyst has rated the stock with a hold rating and fifteen have given a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $317.87.

Insiders Place Their Bets

In other Burlington Stores news, CMO Jennifer Vecchio sold 493 shares of Burlington Stores stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $275.75, for a total transaction of $135,944.75. Following the completion of the sale, the chief marketing officer now owns 58,944 shares of the company's stock, valued at approximately $16,253,808. The trade was a 0.83 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In the last 90 days, insiders sold 1,481 shares of company stock valued at $421,892. Company insiders own 0.91% of the company's stock.

Burlington Stores Price Performance

Shares of Burlington Stores stock traded down $6.25 during midday trading on Friday, reaching $235.74. The company had a trading volume of 873,043 shares, compared to its average volume of 796,881. The stock has a fifty day simple moving average of $277.47 and a 200 day simple moving average of $270.56. The company has a current ratio of 1.17, a quick ratio of 0.54 and a debt-to-equity ratio of 1.35. Burlington Stores, Inc. has a 1-year low of $174.64 and a 1-year high of $298.89. The company 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 released its earnings results on Tuesday, November 26th. The company reported $1.55 EPS for the quarter, topping analysts' consensus estimates of $1.54 by $0.01. Burlington Stores had a net margin of 4.49% and a return on equity of 47.52%. The firm had revenue of $2.53 billion during the quarter, compared to analyst estimates of $2.55 billion. During the same quarter in the previous year, the business earned $0.98 EPS. The business's quarterly revenue was up 10.5% compared to the same quarter last year. As a group, equities research analysts forecast 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.