Summit Financial LLC bought a new position in shares of Burlington Stores, Inc. (NYSE:BURL - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 1,110 shares of the company's stock, valued at approximately $316,000.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Norges Bank acquired a new stake in shares of Burlington Stores in the fourth quarter valued at approximately $227,268,000. Arrowstreet Capital Limited Partnership raised its stake in Burlington Stores by 38.6% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 506,170 shares of the company's stock valued at $144,289,000 after acquiring an additional 141,020 shares during the period. American Century Companies Inc. lifted its holdings in 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 last quarter. Victory Capital Management Inc. boosted its position in Burlington Stores by 52.7% during the fourth quarter. Victory Capital Management Inc. now owns 222,151 shares of the company's stock worth $63,326,000 after purchasing an additional 76,684 shares during the period. Finally, Proficio Capital Partners LLC acquired a new position in shares of Burlington Stores in the fourth quarter valued at $20,965,000.
Insider Transactions at Burlington Stores
In other Burlington Stores news, CMO Jennifer Vecchio sold 4,939 shares of Burlington Stores stock in a transaction dated 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 transaction, the chief marketing officer now owns 70,006 shares in the company, valued at $16,797,239.64. The trade was a 6.59 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.91% of the stock is owned by insiders.
Burlington Stores Price Performance
BURL stock traded up $3.71 during mid-day trading on Tuesday, hitting $230.64. The stock had a trading volume of 370,302 shares, compared to its average volume of 1,148,873. The firm has a fifty day simple moving average of $247.68 and a 200 day simple moving average of $264.89. The firm has a market capitalization of $14.58 billion, a P/E ratio of 31.60, a P/E/G ratio of 1.11 and a beta of 1.65. 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, Inc. has a 52 week low of $174.64 and a 52 week 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. Burlington Stores had a net margin of 4.49% and a return on equity of 47.52%. The business had revenue of $3.28 billion for the quarter, compared to analysts' expectations of $3.25 billion. As a group, research analysts forecast that Burlington Stores, Inc. will post 7.93 EPS for the current year.
Wall Street Analyst Weigh In
Several brokerages recently commented on BURL. Telsey Advisory Group reaffirmed an "outperform" rating and set a $340.00 target price on shares of Burlington Stores in a report on Thursday, March 6th. Morgan Stanley boosted their price objective on Burlington Stores from $296.00 to $297.00 and gave the stock an "overweight" rating in a report on Friday, March 7th. TD Cowen increased 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 boosted their price target on Burlington Stores from $330.00 to $335.00 and gave the company an "outperform" rating in a research note on Friday, March 7th. Finally, UBS Group increased 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. One analyst has rated the stock with a hold rating and fifteen have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $323.20.
Check Out Our Latest Stock Analysis on Burlington Stores
Burlington Stores Company Profile
(
Free Report)
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.
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