William Blair Investment Management LLC Has $99.80 Million Holdings in Burlington Stores, Inc. (NYSE:BURL)

William Blair Investment Management LLC trimmed its position in shares of Burlington Stores, Inc. (NYSE:BURL - Free Report) by 13.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 350,110 shares of the company's stock after selling 53,097 shares during the period. William Blair Investment Management LLC owned approximately 0.55% of Burlington Stores worth $99,802,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. IFP Advisors Inc raised its stake in Burlington Stores by 81.6% during the 4th quarter. IFP Advisors Inc now owns 89 shares of the company's stock valued at $25,000 after purchasing an additional 40 shares during the last quarter. RPg Family Wealth Advisory LLC bought a new stake in shares of Burlington Stores in the third quarter valued at about $26,000. Fortitude Family Office LLC grew its position in Burlington Stores by 148.6% during the fourth quarter. Fortitude Family Office LLC now owns 92 shares of the company's stock worth $26,000 after buying an additional 55 shares in the last quarter. Stonebridge Financial Group LLC bought a new position in Burlington Stores during the fourth quarter valued at about $31,000. Finally, Brooklyn Investment Group acquired a new position in Burlington Stores in the 3rd quarter valued at approximately $33,000.

Insider Transactions at Burlington Stores

In other news, CMO Jennifer Vecchio sold 493 shares of Burlington Stores stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $275.75, for a total transaction of $135,944.75. Following the completion of the sale, the chief marketing officer now owns 58,944 shares in the company, valued at $16,253,808. The trade was a 0.83 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.91% of the stock is currently owned by corporate insiders.

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Wall Street Analyst Weigh In

Several analysts have recently weighed in on BURL shares. UBS Group lifted their price objective on 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 reissued 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 price objective on shares of Burlington Stores from $344.00 to $340.00 and set a "buy" rating for the company in a research note on Friday, March 7th. Barclays lifted their target price on shares of Burlington Stores from $317.00 to $329.00 and gave the company an "overweight" rating in a research report on Friday, March 7th. Finally, Robert W. Baird increased 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. One investment analyst has rated the stock with a hold rating and fifteen have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $323.20.

Burlington Stores Price Performance

NYSE BURL traded down $2.41 on Friday, hitting $234.16. 1,287,810 shares of the company were exchanged, compared to its average volume of 1,129,575. Burlington Stores, Inc. has a 1-year low of $174.64 and a 1-year high of $298.89. The firm has a 50 day moving average of $259.14 and a two-hundred day moving average of $267.29. 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 company has a market cap of $14.86 billion, a P/E ratio of 32.08, a P/E/G ratio of 1.11 and a beta of 1.73.

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

About Burlington Stores

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.