Sheets Smith Investment Management Acquires New Position in Burlington Stores, Inc. (NYSE:BURL)

Sheets Smith Investment Management acquired a new stake in Burlington Stores, Inc. (NYSE:BURL - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 3,175 shares of the company's stock, valued at approximately $905,000.

A number of other large investors also recently bought and sold shares of the stock. American Century Companies Inc. raised its holdings in shares of Burlington Stores by 17.1% in the 4th quarter. American Century Companies Inc. now owns 708,120 shares of the company's stock valued at $201,857,000 after buying an additional 103,202 shares during the period. Victory Capital Management Inc. grew its position in Burlington Stores by 52.7% in the 4th quarter. Victory Capital Management Inc. now owns 222,151 shares of the company's stock valued at $63,326,000 after acquiring an additional 76,684 shares in the last quarter. Proficio Capital Partners LLC purchased a new stake in Burlington Stores during the fourth quarter worth about $20,965,000. Raymond James Financial Inc. acquired a new stake in shares of Burlington Stores during the fourth quarter worth about $17,330,000. Finally, Principal Financial Group Inc. boosted its stake in shares of Burlington Stores by 35.3% in the fourth quarter. Principal Financial Group Inc. now owns 227,020 shares of the company's stock valued at $64,714,000 after purchasing an additional 59,173 shares during the period.

Burlington Stores Stock Performance

NYSE BURL traded down $7.59 on Friday, reaching $238.00. The stock had a trading volume of 1,126,339 shares, compared to its average volume of 952,075. The stock has a market cap of $15.04 billion, a P/E ratio of 32.60, a price-to-earnings-growth ratio of 1.11 and a beta of 1.73. Burlington Stores, Inc. has a 12-month low of $174.64 and a 12-month high of $298.89. The business's 50-day moving average price is $253.86 and its 200 day moving average price is $266.37. The company has a debt-to-equity ratio of 1.35, a quick ratio of 0.54 and a current ratio of 1.17.

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Burlington Stores (NYSE:BURL - Get Free Report) last announced its earnings results on Thursday, March 6th. The company reported $4.07 EPS for the quarter, beating analysts' consensus estimates of $3.75 by $0.32. The business had revenue of $3.28 billion for the quarter, compared to analysts' expectations of $3.25 billion. Burlington Stores had a net margin of 4.49% and a return on equity of 47.52%. As a group, equities analysts expect that Burlington Stores, Inc. will post 7.93 earnings per share for the current year.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the stock. TD Cowen upped their target price on shares of Burlington Stores from $334.00 to $339.00 and gave the stock a "buy" rating in a research note on Thursday, December 12th. UBS Group upped their price objective on Burlington Stores from $360.00 to $405.00 and gave the stock a "buy" rating in a research report on Friday, March 7th. Telsey Advisory Group reiterated an "outperform" rating and issued a $340.00 target price on shares of Burlington Stores in a report on Thursday, March 6th. Robert W. Baird boosted their target price on Burlington Stores from $330.00 to $335.00 and gave the stock an "outperform" rating in a research note on Friday, March 7th. Finally, Morgan Stanley increased their price target on 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 assigned a buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $323.20.

Insider Activity

In other news, CMO Jennifer Vecchio sold 494 shares of the company's stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $284.95, for a total transaction of $140,765.30. Following the completion of the sale, the chief marketing officer now owns 59,437 shares in the company, valued at $16,936,573.15. This represents a 0.82 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Over the last three months, insiders sold 5,926 shares of company stock valued at $1,461,774. Insiders own 0.91% of the company's stock.

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.