Burlington Stores, Inc. (NYSE:BURL) Shares Sold by Stephens Investment Management Group LLC

Stephens Investment Management Group LLC reduced its position in shares of Burlington Stores, Inc. (NYSE:BURL - Free Report) by 1.3% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 398,822 shares of the company's stock after selling 5,159 shares during the quarter. Burlington Stores comprises 1.5% of Stephens Investment Management Group LLC's portfolio, making the stock its 4th largest holding. Stephens Investment Management Group LLC owned about 0.63% of Burlington Stores worth $113,688,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Cetera Investment Advisers lifted its holdings in Burlington Stores by 0.5% in the 2nd quarter. Cetera Investment Advisers now owns 12,340 shares of the company's stock worth $2,962,000 after purchasing an additional 61 shares during the last quarter. Sanctuary Advisors LLC bought a new stake in shares of Burlington Stores during the second quarter valued at approximately $488,000. GAMMA Investing LLC increased its position in shares of Burlington Stores by 63.6% during the third quarter. GAMMA Investing LLC now owns 512 shares of the company's stock valued at $135,000 after purchasing an additional 199 shares during the period. Atomi Financial Group Inc. grew its position in Burlington Stores by 6.1% in the third quarter. Atomi Financial Group Inc. now owns 1,131 shares of the company's stock valued at $298,000 after acquiring an additional 65 shares during the period. Finally, CWM LLC grew its holdings in shares of Burlington Stores by 95.0% during the third quarter. CWM LLC now owns 5,266 shares of the company's stock worth $1,387,000 after purchasing an additional 2,566 shares during the last quarter.

Insiders Place Their Bets

In other Burlington Stores news, CMO Jennifer Vecchio sold 494 shares of the firm's stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $284.95, for a total value of $140,765.30. Following the completion of the sale, the chief marketing officer now owns 59,437 shares of the company's stock, valued at $16,936,573.15. This trade represents a 0.82 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In the last quarter, insiders sold 1,481 shares of company stock worth $421,892. Corporate insiders own 0.91% of the company's stock.

Burlington Stores Price Performance

NYSE:BURL traded down $4.82 during trading hours on Wednesday, hitting $250.23. 885,018 shares of the company's stock traded hands, compared to its average volume of 804,575. The company has a quick ratio of 0.54, a current ratio of 1.17 and a debt-to-equity ratio of 1.35. The business's fifty day simple moving average is $284.17 and its two-hundred day simple moving average is $271.18. Burlington Stores, Inc. has a 52 week low of $174.64 and a 52 week high of $298.89. The firm has a market cap of $15.88 billion, a P/E ratio of 34.28, a P/E/G ratio of 1.24 and a beta of 1.62.

Burlington Stores (NYSE:BURL - Get Free Report) last released its quarterly earnings data on Tuesday, November 26th. The company reported $1.55 EPS for the quarter, topping the consensus estimate of $1.54 by $0.01. Burlington Stores had a return on equity of 47.52% and a net margin of 4.49%. The firm had revenue of $2.53 billion for the quarter, compared to the consensus estimate of $2.55 billion. During the same quarter in the previous year, the business earned $0.98 earnings per share. The company's quarterly revenue was up 10.5% on a year-over-year basis. On average, research analysts anticipate that Burlington Stores, Inc. will post 7.93 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have weighed in on BURL shares. TD Cowen increased their target price on Burlington Stores from $334.00 to $339.00 and gave the company a "buy" rating in a research note on Thursday, December 12th. Barclays decreased their price objective on Burlington Stores from $327.00 to $317.00 and set an "overweight" rating for the company in a report on Wednesday, November 27th. Citigroup raised their price target on Burlington Stores from $313.00 to $344.00 and gave the company a "buy" rating in a research note on Wednesday, November 27th. StockNews.com cut Burlington Stores from a "buy" rating to a "hold" rating in a report on Wednesday, October 23rd. Finally, UBS Group raised Burlington Stores from a "neutral" rating to a "buy" rating and lifted their price objective for the company from $280.00 to $360.00 in a report on Friday, January 10th. One research analyst has rated the stock with a hold rating and fifteen have given a buy rating to the stock. Based on data from MarketBeat, Burlington Stores presently has a consensus rating of "Moderate Buy" and an average target price of $317.87.

Burlington Stores Company 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.