Burlington Stores, Inc. (NYSE:BURL) Shares Acquired by Wellington Management Group LLP

Wellington Management Group LLP increased its stake in Burlington Stores, Inc. (NYSE:BURL - Free Report) by 43.2% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 212,950 shares of the company's stock after purchasing an additional 64,233 shares during the quarter. Wellington Management Group LLP owned 0.34% of Burlington Stores worth $60,704,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Captrust Financial Advisors raised its position in shares of Burlington Stores by 1.7% during the 3rd quarter. Captrust Financial Advisors now owns 4,413 shares of the company's stock valued at $1,163,000 after purchasing an additional 75 shares during the period. Benjamin Edwards Inc. boosted its stake in shares of Burlington Stores by 35,575.0% during the 3rd quarter. Benjamin Edwards Inc. now owns 1,427 shares of the company's stock worth $376,000 after purchasing an additional 1,423 shares during the period. Chevy Chase Trust Holdings LLC purchased a new position in shares of Burlington Stores during the 3rd quarter worth about $201,000. Centiva Capital LP bought a new stake in Burlington Stores during the 3rd quarter valued at about $675,000. Finally, Investment Management Corp of Ontario lifted its holdings in Burlington Stores by 41.3% during the 3rd quarter. Investment Management Corp of Ontario now owns 2,054 shares of the company's stock valued at $541,000 after buying an additional 600 shares in the last quarter.

Analysts Set New Price Targets

BURL has been the subject of several recent research reports. Telsey Advisory Group restated an "outperform" rating and issued a $340.00 price target on shares of Burlington Stores in a report on Thursday, March 6th. Citigroup dropped their target price on shares of Burlington Stores from $344.00 to $340.00 and set a "buy" rating on the stock in a research report on Friday, March 7th. Robert W. Baird upped their price objective on shares of Burlington Stores from $330.00 to $335.00 and gave the company an "outperform" rating in a report on Friday, March 7th. Morgan Stanley upped their price objective on shares of Burlington Stores from $296.00 to $297.00 and gave the company an "overweight" rating in a report on Friday, March 7th. Finally, UBS Group boosted their target price on shares of Burlington Stores from $360.00 to $405.00 and gave the company a "buy" rating in a research note on Friday, March 7th. One analyst has rated the stock with a hold rating and fifteen have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $323.20.

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Insiders Place Their Bets

In other news, CMO Jennifer Vecchio sold 4,939 shares of the firm's stock in a transaction that occurred on Thursday, March 20th. The shares were sold at an average price of $239.94, for a total transaction of $1,185,063.66. Following the transaction, the chief marketing officer now directly owns 70,006 shares in the company, valued at approximately $16,797,239.64. This trade represents a 6.59 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 0.91% of the stock is owned by corporate insiders.

Burlington Stores Trading Down 1.7 %

BURL stock traded down $4.28 during mid-day trading on Thursday, hitting $242.58. 224,759 shares of the company were exchanged, compared to its average volume of 968,885. The business has a fifty day simple moving average of $243.15 and a 200-day simple moving average of $263.91. The company has a quick ratio of 0.54, a current ratio of 1.17 and a debt-to-equity ratio of 1.35. Burlington Stores, Inc. has a 12-month low of $174.64 and a 12-month high of $298.89. The firm has a market capitalization of $15.33 billion, a P/E ratio of 33.22, a PEG ratio of 1.11 and a beta of 1.65.

Burlington Stores (NYSE:BURL - Get Free Report) last posted its quarterly earnings data on Thursday, March 6th. The company reported $4.07 EPS for the quarter, beating the consensus estimate 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 net margin of 4.49% and a return on equity of 47.52%. On average, equities research analysts predict that Burlington Stores, Inc. will post 7.93 earnings per share for the current fiscal year.

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.