Trust Point Inc. Invests $987,000 in Burlington Stores, Inc. (NYSE:BURL)

Trust Point Inc. acquired a new position in shares of Burlington Stores, Inc. (NYSE:BURL - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 3,461 shares of the company's stock, valued at approximately $987,000.

A number of other hedge funds have also recently bought and sold shares of BURL. RPg Family Wealth Advisory LLC bought a new stake in Burlington Stores in the 3rd quarter valued at about $26,000. Fortitude Family Office LLC raised its stake in Burlington Stores by 148.6% in 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 during the period. Brooklyn Investment Group bought a new stake in Burlington Stores in the 3rd quarter valued at about $33,000. UMB Bank n.a. raised its stake in Burlington Stores by 391.7% in the 3rd quarter. UMB Bank n.a. now owns 177 shares of the company's stock valued at $47,000 after acquiring an additional 141 shares during the period. 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 acquiring an additional 46 shares during the period.

Analyst Ratings Changes

BURL has been the topic of a number of research reports. UBS Group upgraded Burlington Stores from a "neutral" rating to a "buy" rating and boosted their price objective for the company from $280.00 to $360.00 in a research note on Friday, January 10th. Telsey Advisory Group reiterated an "outperform" rating and set a $310.00 price target on shares of Burlington Stores in a research report on Tuesday, November 26th. TD Cowen upped their price target on Burlington Stores from $334.00 to $339.00 and gave the company a "buy" rating in a research report on Thursday, December 12th. Citigroup upped their price target on Burlington Stores from $313.00 to $344.00 and gave the company a "buy" rating in a research report on Wednesday, November 27th. Finally, Morgan Stanley upped their price target on Burlington Stores from $285.00 to $305.00 and gave the company an "overweight" rating in a research report on Wednesday, November 27th. One analyst has rated the stock with a hold rating and fifteen have given a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $317.87.

Burlington Stores Trading Down 3.5 %

Shares of NYSE:BURL traded down $9.39 during trading on Friday, reaching $260.05. 1,056,478 shares of the company traded hands, compared to its average volume of 708,592. The firm has a market capitalization of $16.51 billion, a price-to-earnings ratio of 35.62, a P/E/G ratio of 1.24 and a beta of 1.62. Burlington Stores, Inc. has a 52-week low of $174.64 and a 52-week 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. The business's fifty day moving average is $286.32 and its 200-day moving average is $271.05.

Burlington Stores (NYSE:BURL - Get Free Report) last released its quarterly earnings data on Tuesday, November 26th. The company reported $1.55 earnings per share for the quarter, beating analysts' consensus estimates of $1.54 by $0.01. Burlington Stores had a return on equity of 47.52% and a net margin of 4.49%. The firm had revenue of $2.53 billion during the quarter, compared to analyst estimates of $2.55 billion. During the same quarter in the prior year, the firm posted $0.98 earnings per share. The business's quarterly revenue was up 10.5% compared to the same quarter last year. As a group, analysts forecast that Burlington Stores, Inc. will post 7.93 EPS for the current year.

Insider Buying and Selling

In other news, CMO Jennifer Vecchio sold 494 shares of the firm's stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $284.95, for a total transaction of $140,765.30. Following the completion of the transaction, the chief marketing officer now directly owns 59,437 shares in the company, valued at $16,936,573.15. This trade represents a 0.82 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders sold 1,481 shares of company stock valued at $421,892 over the last quarter. 0.91% of the stock is owned by company insiders.

Burlington Stores 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.