Tributary Capital Management LLC increased its stake in Burlington Stores, Inc. (NYSE:BURL - Free Report) by 46.7% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 7,320 shares of the company's stock after acquiring an additional 2,329 shares during the quarter. Tributary Capital Management LLC's holdings in Burlington Stores were worth $2,087,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds also recently modified their holdings of the stock. RPg Family Wealth Advisory LLC acquired a new stake in shares of Burlington Stores in the third quarter worth $26,000. Fortitude Family Office LLC grew its stake in Burlington Stores by 148.6% during the 4th 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 position in shares of Burlington Stores in the 3rd quarter valued at about $33,000. UMB Bank n.a. lifted its position in shares of Burlington Stores by 391.7% in the third 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 grew its position in Burlington Stores by 36.5% during the fourth 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 in the last quarter.
Burlington Stores Stock Performance
Shares of BURL traded up $0.01 during mid-day trading on Friday, hitting $291.94. The company's stock had a trading volume of 477,623 shares, compared to its average volume of 579,730. The stock's 50-day moving average is $286.79 and its two-hundred day moving average is $268.98. The firm has a market capitalization of $18.53 billion, a PE ratio of 39.99, a price-to-earnings-growth ratio of 1.55 and a beta of 1.63. The company has a debt-to-equity ratio of 1.35, a quick ratio of 0.54 and a current ratio of 1.17. 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 posted its quarterly earnings results on Tuesday, November 26th. The company reported $1.55 earnings per share (EPS) for the quarter, topping 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 company had revenue of $2.53 billion for the quarter, compared to analyst estimates of $2.55 billion. During the same period last year, the business posted $0.98 EPS. The business's quarterly revenue was up 10.5% on a year-over-year basis. As a group, sell-side analysts anticipate that Burlington Stores, Inc. will post 7.93 EPS for the current year.
Wall Street Analyst Weigh In
BURL has been the subject of a number of research analyst reports. Robert W. Baird increased their target price on shares of Burlington Stores from $315.00 to $330.00 and gave the stock an "outperform" rating in a research report on Wednesday, November 27th. Citigroup upped 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. Evercore ISI boosted their target price on Burlington Stores from $315.00 to $340.00 and gave the company an "outperform" rating in a research note on Wednesday, November 27th. Morgan Stanley raised their price target on Burlington Stores from $285.00 to $305.00 and gave the stock an "overweight" rating in a research note on Wednesday, November 27th. Finally, Telsey Advisory Group reissued an "outperform" rating and issued a $310.00 price target on shares of Burlington Stores in a research note on Tuesday, November 26th. One equities research analyst has rated the stock with a hold rating and fifteen have issued a buy rating to the stock. Based on data from MarketBeat.com, Burlington Stores has a consensus rating of "Moderate Buy" and a consensus price target of $317.87.
View Our Latest Stock Analysis on BURL
Insider Transactions at Burlington Stores
In other news, CMO Jennifer Vecchio sold 494 shares of Burlington Stores stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $284.95, for a total transaction of $140,765.30. Following the sale, the chief marketing officer now directly owns 59,437 shares in the company, valued at approximately $16,936,573.15. The trade was a 0.82 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.91% of the stock is owned by insiders.
Burlington Stores Profile
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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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