1,622 Shares in Burlington Stores, Inc. (NYSE:BURL) Bought by XTX Topco Ltd

XTX Topco Ltd bought a new position in Burlington Stores, Inc. (NYSE:BURL - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 1,622 shares of the company's stock, valued at approximately $462,000.

Other institutional investors also recently made changes to their positions in the company. Belpointe Asset Management LLC bought a new stake in Burlington Stores in the 4th quarter valued at about $267,000. Mariner LLC boosted its position in shares of Burlington Stores by 16.7% during the fourth quarter. Mariner LLC now owns 10,606 shares of the company's stock worth $3,023,000 after buying an additional 1,520 shares during the period. Seeds Investor LLC grew its holdings in Burlington Stores by 11.2% in the 4th quarter. Seeds Investor LLC now owns 1,612 shares of the company's stock worth $460,000 after buying an additional 162 shares in the last quarter. Sagespring Wealth Partners LLC bought a new stake in Burlington Stores during the 4th quarter valued at $240,000. Finally, Optimize Financial Inc bought a new position in shares of Burlington Stores in the fourth quarter worth $580,000.

Burlington Stores Stock Up 1.5 %

Shares of NYSE:BURL traded up $3.34 during midday trading on Thursday, hitting $221.24. 870,110 shares of the stock were exchanged, compared to its average volume of 981,109. The business's fifty day simple moving average is $237.06 and its two-hundred day simple moving average is $261.36. 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 52-week low of $174.64 and a 52-week high of $298.89. The company has a market capitalization of $13.94 billion, a PE ratio of 30.31, a P/E/G ratio of 1.11 and a beta of 1.65.

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

Insider Activity at Burlington Stores

In other Burlington Stores news, CMO Jennifer Vecchio sold 4,939 shares of the firm's stock in a transaction dated Thursday, March 20th. The stock was 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 $16,797,239.64. This trade represents a 6.59 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 1.10% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of research firms have commented on BURL. Morgan Stanley boosted their price target on shares of Burlington Stores from $296.00 to $297.00 and gave the stock an "overweight" rating in a research report on Friday, March 7th. Barclays raised their target price on Burlington Stores from $317.00 to $329.00 and gave the company an "overweight" rating in a research note on Friday, March 7th. Robert W. Baird boosted 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. Citigroup cut their price target on shares of Burlington Stores from $344.00 to $340.00 and set a "buy" rating for the company in a report on Friday, March 7th. Finally, UBS Group lifted their price objective on shares of Burlington Stores from $360.00 to $405.00 and gave the stock a "buy" rating in a research note on Friday, March 7th. One investment analyst has rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $323.13.

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.