Townsquare Capital LLC Increases Stake in Burlington Stores, Inc. (NYSE:BURL)

Townsquare Capital LLC boosted its holdings in Burlington Stores, Inc. (NYSE:BURL - Free Report) by 111.0% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 3,492 shares of the company's stock after purchasing an additional 1,837 shares during the quarter. Townsquare Capital LLC's holdings in Burlington Stores were worth $995,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the company. Geode Capital Management LLC boosted its position in Burlington Stores by 0.8% in the fourth quarter. Geode Capital Management LLC now owns 1,083,852 shares of the company's stock worth $308,403,000 after purchasing an additional 8,892 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its holdings in shares of Burlington Stores by 30.8% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 955,648 shares of the company's stock worth $272,417,000 after buying an additional 225,124 shares during the last quarter. Norges Bank bought a new stake in Burlington Stores during the fourth quarter valued at approximately $227,268,000. American Century Companies Inc. increased its holdings in Burlington Stores by 17.1% during the fourth quarter. American Century Companies Inc. now owns 708,120 shares of the company's stock valued at $201,857,000 after buying an additional 103,202 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership raised its position in Burlington Stores by 38.6% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 506,170 shares of the company's stock worth $144,289,000 after acquiring an additional 141,020 shares during the period.

Insider Activity

In other Burlington Stores news, CMO Jennifer Vecchio sold 493 shares of the business's stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $275.75, for a total value of $135,944.75. Following the completion of the sale, the chief marketing officer now directly owns 58,944 shares of the company's stock, valued at $16,253,808. The trade was a 0.83 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 1.10% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the company. Citigroup reduced their price objective on Burlington Stores from $344.00 to $340.00 and set a "buy" rating for the company in a research note on Friday, March 7th. Robert W. Baird upped their price target on shares of Burlington Stores from $330.00 to $335.00 and gave the stock an "outperform" rating in a research report on Friday, March 7th. Telsey Advisory Group restated an "outperform" rating and set a $340.00 price objective on shares of Burlington Stores in a research report on Thursday, March 6th. JPMorgan Chase & Co. dropped their target price on shares of Burlington Stores from $336.00 to $287.00 and set an "overweight" rating for the company in a report on Monday, April 14th. Finally, Morgan Stanley raised their price target on Burlington Stores from $296.00 to $297.00 and gave the company an "overweight" rating in a report on Friday, March 7th. One research analyst has rated the stock with a hold rating and fifteen have given a buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $323.13.

Burlington Stores Trading Up 4.1 %

Shares of NYSE:BURL traded up $8.92 during trading on Wednesday, hitting $224.70. The company had a trading volume of 365,753 shares, compared to its average volume of 978,100. The stock has a market cap of $14.15 billion, a price-to-earnings ratio of 30.78, 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 current ratio of 1.17 and a quick ratio of 0.54. The company has a fifty day simple moving average of $237.60 and a two-hundred day simple moving average of $261.67. Burlington Stores, Inc. has a one year low of $174.64 and a one year high of $298.89.

Burlington Stores (NYSE:BURL - Get Free Report) last issued its quarterly earnings results on Thursday, March 6th. The company reported $4.07 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $3.75 by $0.32. The company had revenue of $3.28 billion during 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%. As a group, equities analysts forecast that Burlington Stores, Inc. will post 7.93 earnings per share for the current year.

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.