Simplicity Solutions LLC Invests $316,000 in Burlington Stores, Inc. (NYSE:BURL)

Simplicity Solutions LLC purchased a new position in shares of Burlington Stores, Inc. (NYSE:BURL) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 1,624 shares of the company’s stock, valued at approximately $316,000.

A number of other institutional investors also recently modified their holdings of BURL. Salem Investment Counselors Inc. raised its holdings in shares of Burlington Stores by 58.2% during the 2nd quarter. Salem Investment Counselors Inc. now owns 193 shares of the company’s stock worth $26,000 after buying an additional 71 shares in the last quarter. Quarry LP acquired a new position in shares of Burlington Stores during the 1st quarter worth $39,000. KB Financial Partners LLC grew its position in Burlington Stores by 68.8% during the 1st quarter. KB Financial Partners LLC now owns 238 shares of the company’s stock worth $43,000 after acquiring an additional 97 shares during the last quarter. Fifth Third Bancorp bought a new stake in Burlington Stores during the 4th quarter worth $50,000. Finally, Homestead Advisers Corp bought a new stake in Burlington Stores during the 3rd quarter worth $53,000.

Insider Activity at Burlington Stores

In related news, CMO Jennifer Vecchio sold 5,025 shares of the company’s stock in a transaction dated Wednesday, March 20th. The stock was sold at an average price of $225.24, for a total transaction of $1,131,831.00. Following the sale, 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 filing with the SEC, which can be accessed through the SEC website. 0.91% of the stock is owned by corporate insiders.

Burlington Stores Trading Down 0.4 %

NYSE BURL opened at $178.57 on Friday. The business’s 50-day moving average price is $207.45 and its two-hundred day moving average price is $179.47. Burlington Stores, Inc. has a 12 month low of $115.66 and a 12 month high of $232.69. The firm has a market capitalization of $11.40 billion, a PE ratio of 34.01, a price-to-earnings-growth ratio of 1.05 and a beta of 1.49. The company has a current ratio of 1.15, a quick ratio of 0.61 and a debt-to-equity ratio of 1.40.

Burlington Stores (NYSE:BURL) last announced its earnings results on Thursday, March 7th. The company reported $3.30 EPS for the quarter, beating the consensus estimate 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 for the quarter, compared to analyst estimates of $3.07 billion. During the same quarter in the prior year, the company earned $2.96 EPS. The firm’s revenue for the quarter was up 13.9% compared to the same quarter last year. On average, analysts expect that Burlington Stores, Inc. will post 7.41 EPS for the current year.

Wall Street Analysts Forecast Growth

BURL has been the topic of a number of research reports. StockNews.com upgraded Burlington Stores from a “hold” rating to a “buy” rating in a research report on Saturday, March 9th. Telsey Advisory Group restated an “outperform” rating and set a $250.00 price objective (up previously from $225.00) on shares of Burlington Stores in a research report on Monday, March 4th. Evercore ISI boosted their price objective on 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 upgraded Burlington Stores from a “neutral” rating to an “overweight” rating and boosted their price objective for the stock from $155.00 to $240.00 in a research report on Wednesday, January 17th. One 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, Burlington Stores presently has an average rating of “Moderate Buy” and a consensus target price of $210.69.

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.