Sequoia Financial Advisors LLC Increases Stock Position in Burlington Stores, Inc. (NYSE:BURL)

Sequoia Financial Advisors LLC raised its position in shares of Burlington Stores, Inc. (NYSE:BURL) by 9.2% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,531 shares of the company’s stock after buying an additional 214 shares during the period. Sequoia Financial Advisors LLC’s holdings in Burlington Stores were worth $492,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the company. Norges Bank purchased a new stake in shares of Burlington Stores in the 4th quarter worth about $115,609,000. Cooper Creek Partners Management LLC lifted its position in shares of Burlington Stores by 716.8% in the 3rd quarter. Cooper Creek Partners Management LLC now owns 610,821 shares of the company’s stock worth $82,644,000 after purchasing an additional 536,038 shares during the period. Renaissance Technologies LLC purchased a new stake in shares of Burlington Stores in the 1st quarter worth about $106,648,000. Holocene Advisors LP purchased a new stake in shares of Burlington Stores in the 2nd quarter worth about $78,220,000. Finally, Wolf Hill Capital Management LP purchased a new stake in shares of Burlington Stores in the 2nd quarter worth about $74,394,000.

Burlington Stores Trading Down 2.1 %

Shares of NYSE BURL opened at $180.92 on Wednesday. The stock has a market cap of $11.56 billion, a P/E ratio of 34.46, a price-to-earnings-growth ratio of 1.11 and a beta of 1.49. The company has a debt-to-equity ratio of 1.40, a current ratio of 1.15 and a quick ratio of 0.61. Burlington Stores, Inc. has a 1 year low of $115.66 and a 1 year high of $232.69. The firm has a 50-day moving average of $208.54 and a 200 day moving average of $179.14.

Burlington Stores (NYSE:BURL) last released its quarterly earnings data on Thursday, March 7th. The company reported $3.30 earnings per share for the quarter, beating analysts’ consensus estimates of $3.28 by $0.02. The business had revenue of $3.13 billion during the quarter, compared to analyst estimates of $3.07 billion. Burlington Stores had a net margin of 3.49% and a return on equity of 45.28%. Burlington Stores’s revenue was up 13.9% compared to the same quarter last year. During the same period last year, the business earned $2.96 EPS. As a group, sell-side analysts expect that Burlington Stores, Inc. will post 7.41 EPS for the current fiscal year.

Analysts Set New Price Targets

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

Insider Buying and Selling at Burlington Stores

In other news, CMO Jennifer Vecchio sold 5,025 shares of Burlington Stores stock in a transaction that occurred 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 sale, the chief marketing officer now directly owns 61,115 shares in the company, valued at $13,765,542.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.91% of the stock is owned by company insiders.

Burlington Stores Company 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.