Vontobel Holding Ltd. Sells 2,086 Shares of Burlington Stores, Inc. (NYSE:BURL)

Vontobel Holding Ltd. lowered its stake in shares of Burlington Stores, Inc. (NYSE:BURL) by 12.5% in the fourth quarter, Holdings Channel reports. The institutional investor owned 14,666 shares of the company’s stock after selling 2,086 shares during the period. Vontobel Holding Ltd.’s holdings in Burlington Stores were worth $2,852,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the stock. Louisiana State Employees Retirement System purchased a new stake in shares of Burlington Stores during the 4th quarter valued at $3,540,000. Simplicity Solutions LLC purchased a new stake in Burlington Stores in the fourth quarter valued at about $316,000. Mutual of America Capital Management LLC acquired a new stake in Burlington Stores in the fourth quarter worth about $7,795,000. Custom Index Systems LLC purchased a new stake in shares of Burlington Stores during the fourth quarter worth about $426,000. Finally, Sequoia Financial Advisors LLC increased its holdings in shares of Burlington Stores by 9.2% during the fourth quarter. Sequoia Financial Advisors LLC now owns 2,531 shares of the company’s stock valued at $492,000 after acquiring an additional 214 shares in the last quarter.

Burlington Stores Stock Performance

Shares of BURL stock opened at $179.29 on Friday. Burlington Stores, Inc. has a 52-week low of $115.66 and a 52-week high of $232.69. The company has a quick ratio of 0.61, a current ratio of 1.15 and a debt-to-equity ratio of 1.40. The stock has a market cap of $11.45 billion, a PE ratio of 34.15, a price-to-earnings-growth ratio of 1.05 and a beta of 1.49. The business has a 50-day simple moving average of $207.84 and a 200-day simple moving average of $179.15.

Burlington Stores (NYSE:BURL) last announced its quarterly earnings results on Thursday, March 7th. The company reported $3.30 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.28 by $0.02. Burlington Stores had a return on equity of 45.28% and a net margin of 3.49%. The company had revenue of $3.13 billion during the quarter, compared to the consensus estimate of $3.07 billion. During the same period in the previous year, the company posted $2.96 earnings per share. Burlington Stores’s revenue for the quarter was up 13.9% on a year-over-year basis. On average, equities analysts expect that Burlington Stores, Inc. will post 7.41 EPS for the current year.

Analysts Set New Price Targets

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

Insider Activity at Burlington Stores

In other Burlington Stores news, CMO Jennifer Vecchio sold 5,025 shares of the company’s stock in a transaction dated 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 $13,765,542.60. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Company insiders own 0.91% of the company’s stock.

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.