Savoir Faire Capital Management L.P. Purchases 12,183 Shares of Burlington Stores, Inc. (NYSE:BURL)

Savoir Faire Capital Management L.P. raised its stake in Burlington Stores, Inc. (NYSE:BURL - Free Report) by 229.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 17,492 shares of the company's stock after acquiring an additional 12,183 shares during the quarter. Burlington Stores makes up 2.4% of Savoir Faire Capital Management L.P.'s holdings, making the stock its 18th biggest position. Savoir Faire Capital Management L.P.'s holdings in Burlington Stores were worth $4,986,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Geode Capital Management LLC boosted its holdings in Burlington Stores by 0.8% in the 4th quarter. Geode Capital Management LLC now owns 1,083,852 shares of the company's stock worth $308,403,000 after buying an additional 8,892 shares during the period. Massachusetts Financial Services Co. MA boosted its holdings in shares of Burlington Stores by 30.8% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 955,648 shares of the company's stock worth $272,417,000 after acquiring an additional 225,124 shares during the period. Norges Bank purchased a new position in shares of Burlington Stores in the fourth quarter valued at $227,268,000. American Century Companies Inc. raised its stake in shares of Burlington Stores by 17.1% during the 4th quarter. American Century Companies Inc. now owns 708,120 shares of the company's stock valued at $201,857,000 after purchasing an additional 103,202 shares during the period. Finally, Arrowstreet Capital Limited Partnership lifted its holdings in Burlington Stores by 38.6% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 506,170 shares of the company's stock worth $144,289,000 after purchasing an additional 141,020 shares in the last quarter.

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Analysts Set New Price Targets

Several brokerages have recently weighed in on BURL. TD Cowen upped their price target on Burlington Stores from $334.00 to $339.00 and gave the company a "buy" rating in a research report on Thursday, December 12th. Telsey Advisory Group reissued an "outperform" rating and issued a $340.00 price target on shares of Burlington Stores in a report on Thursday, March 6th. Robert W. Baird upped their price target on shares of Burlington Stores from $330.00 to $335.00 and gave the stock an "outperform" rating in a report on Friday, March 7th. Citigroup dropped their price objective on Burlington Stores from $344.00 to $340.00 and set a "buy" rating for the company in a research note on Friday, March 7th. Finally, Morgan Stanley upped their target price on Burlington Stores from $296.00 to $297.00 and gave the stock an "overweight" rating in a research note on Friday, March 7th. One investment analyst has rated the stock with a hold rating and fifteen have assigned a buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $323.20.

Burlington Stores Trading Up 1.0 %

NYSE:BURL traded up $2.15 during trading hours on Wednesday, reaching $221.50. The company's stock had a trading volume of 537,785 shares, compared to its average volume of 964,188. 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 firm has a market capitalization of $14.00 billion, a price-to-earnings ratio of 30.35, a PEG ratio of 1.11 and a beta of 1.65. The firm has a 50-day simple moving average of $244.83 and a 200-day simple moving average of $264.21. Burlington Stores, Inc. has a 1 year low of $174.64 and a 1 year high of $298.89.

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 analysts' consensus estimates of $3.75 by $0.32. The firm had revenue of $3.28 billion for the quarter, compared to analysts' expectations of $3.25 billion. Burlington Stores had a return on equity of 47.52% and a net margin of 4.49%. Research analysts expect that Burlington Stores, Inc. will post 7.93 EPS for the current fiscal year.

Insider Activity

In other news, CMO Jennifer Vecchio sold 4,939 shares of the company's 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 completion of the transaction, the chief marketing officer now directly owns 70,006 shares of the company's stock, valued at approximately $16,797,239.64. This represents a 6.59 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 0.91% of the company's stock.

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.