UBS Group AG Grows Holdings in Burlington Stores, Inc. (NYSE:BURL)

UBS Group AG grew its holdings in shares of Burlington Stores, Inc. (NYSE:BURLFree Report) by 35.6% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 114,442 shares of the company’s stock after purchasing an additional 30,056 shares during the quarter. UBS Group AG owned approximately 0.18% of Burlington Stores worth $22,257,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in BURL. Lindbrook Capital LLC increased its position in shares of Burlington Stores by 114.6% in the fourth quarter. Lindbrook Capital LLC now owns 176 shares of the company’s stock worth $34,000 after purchasing an additional 94 shares during the last quarter. GAMMA Investing LLC bought a new position in Burlington Stores in the fourth quarter worth about $41,000. Fifth Third Bancorp purchased a new position in shares of Burlington Stores during the 4th quarter worth approximately $50,000. Homestead Advisers Corp purchased a new stake in Burlington Stores in the third quarter worth $53,000. Finally, Operose Advisors LLC purchased a new position in shares of Burlington Stores during the third quarter valued at approximately $84,000.

Burlington Stores Trading Up 0.7 %

NYSE BURL opened at $200.39 on Thursday. Burlington Stores, Inc. has a 12 month low of $115.66 and a 12 month high of $232.69. The company’s 50-day moving average price is $196.65 and its 200-day moving average price is $192.57. The stock has a market cap of $12.80 billion, a PE ratio of 38.17, a PEG ratio of 1.12 and a beta of 1.54. 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:BURLGet Free Report) last issued its earnings results on Thursday, March 7th. The company reported $3.30 EPS for the quarter, topping analysts’ consensus estimates of $3.28 by $0.02. The business had revenue of $3.13 billion for 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%. The company’s quarterly revenue was up 13.9% compared to the same quarter last year. During the same period last year, the company posted $2.96 earnings per share. Equities research analysts forecast that Burlington Stores, Inc. will post 7.34 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the company. Evercore ISI upped their price objective on Burlington Stores from $220.00 to $235.00 and gave the company an “outperform” rating in a research report on Friday, February 23rd. UBS Group upgraded shares of Burlington Stores from a “sell” rating to a “neutral” rating and boosted their price target for the stock from $126.00 to $212.00 in a research note on Thursday, May 2nd. TD Cowen cut their price objective on Burlington Stores from $230.00 to $209.00 and set a “hold” rating for the company in a research report on Friday, May 17th. StockNews.com upgraded Burlington Stores from a “hold” rating to a “buy” rating in a research report on Saturday, March 9th. Finally, Telsey Advisory Group restated an “outperform” rating and set a $250.00 price target on shares of Burlington Stores in a report on Thursday, May 23rd. Three analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat, Burlington Stores currently has an average rating of “Moderate Buy” and a consensus price target of $211.70.

Get Our Latest Stock Analysis on BURL

Insider Transactions 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 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 of the company’s stock, valued at $13,765,542.60. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.91% of the company’s stock.

About Burlington Stores

(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.

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

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