Vinva Investment Management Ltd Sells 13,673 Shares of Burlington Stores, Inc. (NYSE:BURL)

Vinva Investment Management Ltd lowered its position in shares of Burlington Stores, Inc. (NYSE:BURL - Free Report) by 83.9% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 2,630 shares of the company's stock after selling 13,673 shares during the period. Vinva Investment Management Ltd's holdings in Burlington Stores were worth $749,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Massachusetts Financial Services Co. MA raised its position in Burlington Stores by 1,048.8% in the third quarter. Massachusetts Financial Services Co. MA now owns 730,524 shares of the company's stock valued at $192,478,000 after purchasing an additional 666,934 shares during the last quarter. Victory Capital Management Inc. raised its holdings in Burlington Stores by 52.7% in the 4th quarter. Victory Capital Management Inc. now owns 222,151 shares of the company's stock valued at $63,326,000 after buying an additional 76,684 shares during the last quarter. Proficio Capital Partners LLC acquired a new stake in Burlington Stores during the 4th quarter worth approximately $20,965,000. Raymond James Financial Inc. bought a new stake in Burlington Stores during the 4th quarter worth approximately $17,330,000. Finally, Principal Financial Group Inc. grew its holdings in Burlington Stores by 35.3% during the 4th quarter. Principal Financial Group Inc. now owns 227,020 shares of the company's stock worth $64,714,000 after acquiring an additional 59,173 shares during the last quarter.

Burlington Stores Stock Down 1.5 %

Shares of NYSE BURL traded down $3.67 during trading on Tuesday, hitting $244.88. 668,423 shares of the company traded hands, compared to its average volume of 937,452. The firm has a market capitalization of $15.48 billion, a price-to-earnings ratio of 33.55, a P/E/G ratio of 1.11 and a beta of 1.73. The business's fifty day moving average is $257.35 and its 200 day moving average is $266.95. 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 fifty-two week low of $174.64 and a fifty-two week high of $298.89.

Remove Ads

Burlington Stores (NYSE:BURL - Get Free Report) last issued its earnings results on Thursday, March 6th. The company reported $4.07 EPS for the quarter, beating analysts' consensus estimates of $3.75 by $0.32. The business had revenue of $3.28 billion during the quarter, compared to analyst estimates of $3.25 billion. Burlington Stores had a return on equity of 47.52% and a net margin of 4.49%. Equities research analysts predict that Burlington Stores, Inc. will post 7.93 earnings per share for the current fiscal year.

Insider Activity

In related news, CMO Jennifer Vecchio sold 4,939 shares of Burlington Stores stock in a transaction on Thursday, March 20th. The shares were sold at an average price of $239.94, for a total value of $1,185,063.66. Following the completion of the sale, the chief marketing officer now owns 70,006 shares of the company's stock, valued at approximately $16,797,239.64. This trade represents a 6.59 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders sold a total of 5,926 shares of company stock worth $1,461,774 over the last quarter. 0.91% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the stock. UBS Group lifted their price target on shares of Burlington Stores from $360.00 to $405.00 and gave the stock a "buy" rating in a report on Friday, March 7th. Telsey Advisory Group reaffirmed an "outperform" rating and set a $340.00 target price on shares of Burlington Stores in a research report on Thursday, March 6th. Robert W. Baird upped their price target on Burlington Stores from $330.00 to $335.00 and gave the company an "outperform" rating in a research report on Friday, March 7th. TD Cowen increased their price target on Burlington Stores from $334.00 to $339.00 and gave the company a "buy" rating in a research note on Thursday, December 12th. Finally, Morgan Stanley lifted their price objective on Burlington Stores from $296.00 to $297.00 and gave the stock an "overweight" rating in a research note on Friday, March 7th. One equities research analyst has rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. According to data from MarketBeat, Burlington Stores has a consensus rating of "Moderate Buy" and an average price target of $323.20.

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.