Toth Financial Advisory Corp purchased a new stake in Burlington Stores, Inc. (NYSE:BURL - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 1,130 shares of the company's stock, valued at approximately $322,000.
Other hedge funds have also modified their holdings of the company. RPg Family Wealth Advisory LLC acquired a new stake in Burlington Stores during the 3rd quarter valued at $26,000. Fortitude Family Office LLC lifted its position in shares of Burlington Stores by 148.6% in the fourth quarter. Fortitude Family Office LLC now owns 92 shares of the company's stock valued at $26,000 after acquiring an additional 55 shares in the last quarter. Brooklyn Investment Group acquired a new stake in shares of Burlington Stores during the third quarter valued at $33,000. UMB Bank n.a. increased its position in Burlington Stores by 391.7% during the 3rd quarter. UMB Bank n.a. now owns 177 shares of the company's stock worth $47,000 after purchasing an additional 141 shares in the last quarter. Finally, MassMutual Private Wealth & Trust FSB raised its stake in Burlington Stores by 36.5% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 172 shares of the company's stock valued at $49,000 after purchasing an additional 46 shares during the last quarter.
Insider Activity at Burlington Stores
In other Burlington Stores 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 value of $140,765.30. Following the completion of the transaction, 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 position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.91% of the stock is owned by insiders.
Burlington Stores Trading Up 0.0 %
Shares of Burlington Stores stock traded up $0.01 during trading hours on Friday, reaching $291.94. The stock had a trading volume of 477,623 shares, compared to its average volume of 579,730. 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 1 year low of $174.64 and a 1 year high of $298.89. The firm has a market capitalization of $18.53 billion, a price-to-earnings ratio of 39.99, a P/E/G ratio of 1.55 and a beta of 1.63. The firm has a 50 day simple moving average of $286.79 and a two-hundred day simple moving average of $269.17.
Burlington Stores (NYSE:BURL - Get Free Report) last posted its quarterly earnings results on Tuesday, November 26th. The company reported $1.55 EPS for the quarter, beating the consensus estimate of $1.54 by $0.01. Burlington Stores had a net margin of 4.49% and a return on equity of 47.52%. The firm had revenue of $2.53 billion for the quarter, compared to analyst estimates of $2.55 billion. During the same quarter last year, the firm posted $0.98 earnings per share. Burlington Stores's revenue for the quarter was up 10.5% compared to the same quarter last year. As a group, equities research analysts anticipate that Burlington Stores, Inc. will post 7.93 earnings per share for the current year.
Analysts Set New Price Targets
Several equities research analysts have issued reports on the stock. Citigroup raised their price target on shares of Burlington Stores from $313.00 to $344.00 and gave the stock a "buy" rating in a research note on Wednesday, November 27th. Morgan Stanley raised their target price on shares of Burlington Stores from $285.00 to $305.00 and gave the stock an "overweight" rating in a research report on Wednesday, November 27th. Robert W. Baird boosted their price target on Burlington Stores from $315.00 to $330.00 and gave the company an "outperform" rating in a report on Wednesday, November 27th. TD Cowen increased their price target on Burlington Stores from $334.00 to $339.00 and gave the stock a "buy" rating in a research note on Thursday, December 12th. Finally, StockNews.com downgraded Burlington Stores from a "buy" rating to a "hold" rating in a research report on Wednesday, October 23rd. 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 $317.87.
Check Out Our Latest Analysis on BURL
Burlington Stores 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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