T. Rowe Price Investment Management Inc. Sells 32,746 Shares of Burlington Stores, Inc. (NYSE:BURL)

T. Rowe Price Investment Management Inc. cut its stake in shares of Burlington Stores, Inc. (NYSE:BURL - Free Report) by 1.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,526,104 shares of the company's stock after selling 32,746 shares during the quarter. T. Rowe Price Investment Management Inc. owned approximately 3.98% of Burlington Stores worth $720,092,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of BURL. Buckingham Capital Management Inc. lifted its holdings in shares of Burlington Stores by 159.0% in the 4th quarter. Buckingham Capital Management Inc. now owns 17,419 shares of the company's stock worth $4,965,000 after purchasing an additional 10,693 shares in the last quarter. Logan Capital Management Inc. lifted its stake in shares of Burlington Stores by 9.1% in the third quarter. Logan Capital Management Inc. now owns 56,354 shares of the company's stock valued at $14,848,000 after buying an additional 4,695 shares in the last quarter. Allspring Global Investments Holdings LLC grew its holdings in shares of Burlington Stores by 7.5% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 378,921 shares of the company's stock valued at $108,292,000 after buying an additional 26,412 shares during the last quarter. Grandeur Peak Global Advisors LLC raised its holdings in shares of Burlington Stores by 3.0% in the 4th quarter. Grandeur Peak Global Advisors LLC now owns 45,056 shares of the company's stock worth $12,844,000 after acquiring an additional 1,305 shares during the last quarter. Finally, HB Wealth Management LLC acquired a new position in Burlington Stores during the 4th quarter valued at about $265,000.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the company. UBS Group lifted their target price on Burlington Stores from $360.00 to $405.00 and gave the company a "buy" rating in a research report on Friday, March 7th. Morgan Stanley increased their target price on shares of Burlington Stores from $296.00 to $297.00 and gave the company an "overweight" rating in a report on Friday, March 7th. Citigroup cut their price target on shares of Burlington Stores from $344.00 to $340.00 and set a "buy" rating on the stock in a report on Friday, March 7th. Barclays increased their price objective on shares of Burlington Stores from $317.00 to $329.00 and gave the company an "overweight" rating in a research note on Friday, March 7th. Finally, 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. One research analyst has rated the stock with a hold rating and fifteen have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $323.13.

Burlington Stores Stock Performance

Shares of NYSE BURL traded up $2.07 during midday trading on Friday, hitting $223.06. The company's stock had a trading volume of 910,214 shares, compared to its average volume of 981,586. The stock has a fifty day moving average price of $236.12 and a 200 day moving average price of $260.98. The firm has a market capitalization of $14.05 billion, a price-to-earnings ratio of 30.56, a P/E/G ratio of 1.11 and a beta of 1.65. Burlington Stores, Inc. has a one year low of $175.30 and a one year high of $298.89. 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 posted its earnings results on Thursday, March 6th. The company reported $4.07 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.75 by $0.32. The firm had revenue of $3.28 billion for the quarter, compared to the consensus estimate of $3.25 billion. Burlington Stores had a return on equity of 47.52% and a net margin of 4.49%. On average, research analysts forecast that Burlington Stores, Inc. will post 7.93 EPS for the current fiscal year.

Insider Buying and Selling

In related news, CMO Jennifer Vecchio sold 493 shares of the company's stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $275.75, for a total transaction of $135,944.75. Following the sale, the chief marketing officer now owns 58,944 shares of the company's stock, valued at approximately $16,253,808. This represents a 0.83 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 1.10% of the stock is currently owned by insiders.

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.