Sirios Capital Management L P Buys New Shares in Burlington Stores, Inc. (NYSE:BURL)

Sirios Capital Management L P purchased a new stake in Burlington Stores, Inc. (NYSE:BURL - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 3,155 shares of the company's stock, valued at approximately $899,000.

A number of other large investors have also recently added to or reduced their stakes in the stock. Sanctuary Advisors LLC grew its position in shares of Burlington Stores by 30.7% in the 3rd quarter. Sanctuary Advisors LLC now owns 2,656 shares of the company's stock worth $760,000 after acquiring an additional 624 shares in the last quarter. Wilmington Savings Fund Society FSB bought a new stake in Burlington Stores during the third quarter valued at $57,000. Logan Capital Management Inc. raised its holdings in shares of Burlington Stores by 9.1% during the third quarter. Logan Capital Management Inc. now owns 56,354 shares of the company's stock worth $14,848,000 after purchasing an additional 4,695 shares during the period. Versant Capital Management Inc lifted its position in shares of Burlington Stores by 682.1% in the 4th quarter. Versant Capital Management Inc now owns 219 shares of the company's stock worth $62,000 after buying an additional 191 shares during the last quarter. Finally, GAMMA Investing LLC grew its position in shares of Burlington Stores by 77.1% during the 4th quarter. GAMMA Investing LLC now owns 907 shares of the company's stock valued at $259,000 after buying an additional 395 shares during the last quarter.

Burlington Stores Price Performance

Shares of NYSE:BURL traded up $2.07 during trading hours on Friday, hitting $223.06. 910,214 shares of the company's stock traded hands, compared to its average volume of 981,586. The company's fifty day simple moving average is $236.12 and its two-hundred day simple moving average is $260.98. The company has a market cap of $14.05 billion, a price-to-earnings ratio of 30.56, a price-to-earnings-growth ratio of 1.11 and a beta of 1.65. 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 52 week low of $175.30 and a 52 week high of $298.89.

Burlington Stores (NYSE:BURL - Get Free Report) last issued its earnings results on Thursday, March 6th. The company reported $4.07 earnings per share 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 firm had revenue of $3.28 billion during the quarter, compared to analysts' expectations of $3.25 billion. As a group, equities analysts anticipate that Burlington Stores, Inc. will post 7.93 EPS for the current fiscal year.

Analysts Set New Price Targets

BURL has been the subject of several recent research reports. Robert W. Baird upped their target price on Burlington Stores from $330.00 to $335.00 and gave the company an "outperform" rating in a report on Friday, March 7th. Barclays raised their target price on Burlington Stores from $317.00 to $329.00 and gave the company an "overweight" rating in a research note on Friday, March 7th. UBS Group upped their price target on shares of Burlington Stores from $360.00 to $405.00 and gave the stock a "buy" rating in a research report on Friday, March 7th. Morgan Stanley increased their price objective on shares of Burlington Stores from $296.00 to $297.00 and gave the stock an "overweight" rating in a report on Friday, March 7th. Finally, Telsey Advisory Group reissued an "outperform" rating and set a $340.00 target price on shares of Burlington Stores in a research note on Thursday, March 6th. One investment analyst has rated the stock with a hold rating and fifteen have assigned a buy rating to the company's stock. According to MarketBeat.com, Burlington Stores presently has an average rating of "Moderate Buy" and an average target price of $323.13.

Insider Buying and Selling

In related news, CMO Jennifer Vecchio sold 4,939 shares of the business's stock in a transaction dated Thursday, March 20th. The stock was 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 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 1.10% 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.