Pacer Advisors Inc. Buys Shares of 9,641 Burlington Stores, Inc. (NYSE:BURL)

Pacer Advisors Inc. purchased a new stake in Burlington Stores, Inc. (NYSE:BURLFree Report) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 9,641 shares of the company’s stock, valued at approximately $1,875,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Mercer Global Advisors Inc. ADV raised its stake in shares of Burlington Stores by 4.9% in the 1st quarter. Mercer Global Advisors Inc. ADV now owns 1,462 shares of the company’s stock valued at $295,000 after acquiring an additional 68 shares during the period. Salem Investment Counselors Inc. raised its stake in shares of Burlington Stores by 58.2% in the 2nd quarter. Salem Investment Counselors Inc. now owns 193 shares of the company’s stock valued at $26,000 after acquiring an additional 71 shares during the period. Ethic Inc. raised its stake in shares of Burlington Stores by 6.5% in the 1st quarter. Ethic Inc. now owns 1,188 shares of the company’s stock valued at $240,000 after acquiring an additional 73 shares during the period. Wahed Invest LLC raised its stake in shares of Burlington Stores by 9.7% in the 3rd quarter. Wahed Invest LLC now owns 1,026 shares of the company’s stock valued at $139,000 after acquiring an additional 91 shares during the period. Finally, KB Financial Partners LLC raised its stake in shares of Burlington Stores by 68.8% in the 1st quarter. KB Financial Partners LLC now owns 238 shares of the company’s stock valued at $43,000 after acquiring an additional 97 shares during the period.

Insider Activity

In other news, CMO Jennifer Vecchio sold 5,025 shares of the company’s stock in a transaction on Wednesday, March 20th. The shares were sold at an average price of $225.24, for a total value of $1,131,831.00. Following the completion of the transaction, the chief marketing officer now owns 61,115 shares in the company, valued at approximately $13,765,542.60. The sale was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 0.71% of the company’s stock.

Burlington Stores Trading Up 0.7 %

NYSE BURL opened at $232.19 on Friday. The company has a quick ratio of 0.61, a current ratio of 1.15 and a debt-to-equity ratio of 1.40. Burlington Stores, Inc. has a 52 week low of $115.66 and a 52 week high of $232.69. The stock has a market capitalization of $14.88 billion, a PE ratio of 44.23, a price-to-earnings-growth ratio of 1.35 and a beta of 1.48. The firm has a 50 day moving average of $207.19 and a two-hundred day moving average of $173.71.

Burlington Stores (NYSE:BURLGet Free Report) last posted its quarterly earnings results on Thursday, March 7th. The company reported $3.30 EPS for the quarter, topping the consensus estimate of $3.28 by $0.02. Burlington Stores had a net margin of 3.49% and a return on equity of 45.28%. The company had revenue of $3.13 billion during the quarter, compared to analysts’ expectations of $3.07 billion. During the same quarter in the previous year, the business posted $2.96 EPS. The firm’s revenue was up 13.9% on a year-over-year basis. As a group, research analysts expect that Burlington Stores, Inc. will post 7.41 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts recently weighed in on BURL shares. StockNews.com raised shares of Burlington Stores from a “hold” rating to a “buy” rating in a research note on Saturday, March 9th. Evercore ISI upped their target price on shares of Burlington Stores from $220.00 to $235.00 and gave the stock an “outperform” rating in a research note on Friday, February 23rd. Telsey Advisory Group reaffirmed an “outperform” rating and set a $250.00 target price (up from $225.00) on shares of Burlington Stores in a research note on Monday, March 4th. Finally, Piper Sandler raised shares of Burlington Stores from a “neutral” rating to an “overweight” rating and upped their target price for the stock from $155.00 to $240.00 in a research note on Wednesday, January 17th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and ten have given a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $210.69.

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Burlington Stores Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Burlington Stores (NYSE:BURL)

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