Proficio Capital Partners LLC Buys Shares of 73,545 Burlington Stores, Inc. (NYSE:BURL)

Proficio Capital Partners LLC acquired a new position in Burlington Stores, Inc. (NYSE:BURL - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 73,545 shares of the company's stock, valued at approximately $20,965,000. Proficio Capital Partners LLC owned approximately 0.12% of Burlington Stores as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in BURL. IFP Advisors Inc increased its position in shares of Burlington Stores by 81.6% in the fourth quarter. IFP Advisors Inc now owns 89 shares of the company's stock worth $25,000 after acquiring an additional 40 shares in the last quarter. RPg Family Wealth Advisory LLC acquired a new stake in shares of Burlington Stores in the third quarter worth $26,000. Fortitude Family Office LLC increased its position 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 acquiring an additional 55 shares in the last quarter. Stonebridge Financial Group LLC acquired a new stake in shares of Burlington Stores in the fourth quarter worth $31,000. Finally, Brooklyn Investment Group acquired a new stake in shares of Burlington Stores in the third quarter worth $33,000.

Analyst Ratings Changes

Several research firms have recently issued reports on BURL. Citigroup dropped their price objective on shares of Burlington Stores from $344.00 to $340.00 and set a "buy" rating for the company in a research report on Friday, March 7th. Barclays raised 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 set a $340.00 price target on shares of Burlington Stores in a report on Thursday, March 6th. Morgan Stanley raised their price target on shares of Burlington Stores from $296.00 to $297.00 and gave the company an "overweight" rating in a report on Friday, March 7th. Finally, Evercore ISI raised their price target on shares of Burlington Stores from $315.00 to $340.00 and gave the company an "outperform" rating in a report on Wednesday, November 27th. One equities research analyst has rated the stock with a hold rating and fifteen have issued a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $323.20.

Remove Ads

Insider Activity at Burlington Stores

In related news, CMO Jennifer Vecchio sold 493 shares of Burlington Stores stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $275.75, for a total value of $135,944.75. Following the sale, the chief marketing officer now directly owns 58,944 shares in the company, valued at $16,253,808. This trade represents a 0.83 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.91% of the stock is currently owned by insiders.

Burlington Stores Stock Performance

Shares of Burlington Stores stock traded down $0.19 during trading hours on Tuesday, reaching $233.91. The company's stock had a trading volume of 896,803 shares, compared to its average volume of 932,732. The company's 50 day simple moving average is $261.89 and its 200 day simple moving average is $267.91. The company has a debt-to-equity ratio of 1.35, a quick ratio of 0.54 and a current ratio of 1.17. Burlington Stores, Inc. has a one year low of $174.64 and a one year high of $298.89. The stock has a market cap of $14.85 billion, a P/E ratio of 32.04, a price-to-earnings-growth ratio of 1.11 and a beta of 1.73.

Burlington Stores (NYSE:BURL - Get Free Report) last posted its quarterly earnings results on Thursday, March 6th. The company reported $4.07 earnings per share (EPS) 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 the consensus estimate of $3.25 billion. As a group, analysts expect that Burlington Stores, Inc. will post 7.93 EPS for the current fiscal year.

Burlington Stores 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.