Schroder Investment Management Group Increases Position in Burlington Stores, Inc. (NYSE:BURL)

Schroder Investment Management Group increased its stake in shares of Burlington Stores, Inc. (NYSE:BURL - Free Report) by 5.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 201,270 shares of the company's stock after purchasing an additional 10,430 shares during the quarter. Schroder Investment Management Group owned 0.32% of Burlington Stores worth $57,322,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the stock. Arrowstreet Capital Limited Partnership grew its position in shares of Burlington Stores by 38.6% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 506,170 shares of the company's stock worth $144,289,000 after buying an additional 141,020 shares in the last quarter. Allstate Corp purchased a new position in Burlington Stores in the fourth quarter worth approximately $532,000. Orion Portfolio Solutions LLC grew its holdings in Burlington Stores by 3.9% during the 4th quarter. Orion Portfolio Solutions LLC now owns 8,534 shares of the company's stock worth $2,433,000 after acquiring an additional 323 shares in the last quarter. Pictet Asset Management Holding SA increased its position in shares of Burlington Stores by 11.6% in the 4th quarter. Pictet Asset Management Holding SA now owns 33,744 shares of the company's stock valued at $9,619,000 after purchasing an additional 3,517 shares during the last quarter. Finally, Norges Bank purchased a new stake in shares of Burlington Stores in the 4th quarter valued at approximately $227,268,000.

Burlington Stores Stock Performance

Shares of BURL traded down $5.14 during mid-day trading on Friday, hitting $230.52. 3,035,888 shares of the company's stock were exchanged, compared to its average volume of 959,458. The firm has a market capitalization of $14.57 billion, a P/E ratio of 31.58, a P/E/G ratio of 1.11 and a beta of 1.73. Burlington Stores, Inc. has a fifty-two week low of $174.64 and a fifty-two week high of $298.89. The business's 50 day moving average is $248.86 and its two-hundred day moving average is $265.27. 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 (NYSE:BURL - Get Free Report) last announced its earnings results on Thursday, March 6th. The company reported $4.07 earnings per share for the quarter, beating 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 for the quarter, compared to the consensus estimate of $3.25 billion. On average, equities analysts expect that Burlington Stores, Inc. will post 7.93 earnings per share for the current year.

Insider Buying and Selling at Burlington Stores

In other Burlington Stores news, CMO Jennifer Vecchio sold 4,939 shares of Burlington Stores stock in a transaction that occurred on Thursday, March 20th. The stock was sold at an average price of $239.94, for a total value of $1,185,063.66. Following the sale, the chief marketing officer now owns 70,006 shares of the company's stock, valued at approximately $16,797,239.64. The trade was a 6.59 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.91% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

BURL has been the subject of a number of analyst reports. UBS Group boosted their target price on shares of Burlington Stores from $360.00 to $405.00 and gave the stock a "buy" rating in a research note on Friday, March 7th. Barclays raised their target price on Burlington Stores from $317.00 to $329.00 and gave the stock an "overweight" rating in a research report on Friday, March 7th. TD Cowen boosted their target price on Burlington Stores from $334.00 to $339.00 and gave the stock a "buy" rating in a research note on Thursday, December 12th. Robert W. Baird increased their price target on shares of Burlington Stores from $330.00 to $335.00 and gave the company an "outperform" rating in a research note on Friday, March 7th. Finally, Morgan Stanley boosted their price objective on shares of Burlington Stores from $296.00 to $297.00 and gave the stock an "overweight" rating in a research report on Friday, March 7th. One analyst has rated the stock with a hold rating and fifteen have issued a buy rating to the company. Based on data from MarketBeat.com, Burlington Stores presently has an average rating of "Moderate Buy" and a consensus price target of $323.20.

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.