Sterling Capital Management LLC Sells 131 Shares of Burlington Stores, Inc. (NYSE:BURL)

Sterling Capital Management LLC lowered its position in shares of Burlington Stores, Inc. (NYSE:BURL) by 11.3% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,025 shares of the company’s stock after selling 131 shares during the period. Sterling Capital Management LLC’s holdings in Burlington Stores were worth $292,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. IFP Advisors Inc increased its stake in shares of Burlington Stores by 81.6% in the fourth quarter. IFP Advisors Inc now owns 89 shares of the company’s stock valued at $25,000 after buying an additional 40 shares during the period. Fortitude Family Office LLC grew its holdings in Burlington Stores by 148.6% during the 4th quarter. Fortitude Family Office LLC now owns 92 shares of the company’s stock worth $26,000 after acquiring an additional 55 shares during the last quarter. Stonebridge Financial Group LLC acquired a new position in Burlington Stores in the 4th quarter valued at approximately $31,000. Farther Finance Advisors LLC raised its stake in shares of Burlington Stores by 104.5% during the fourth quarter. Farther Finance Advisors LLC now owns 135 shares of the company’s stock valued at $38,000 after acquiring an additional 69 shares during the last quarter. Finally, Parkside Financial Bank & Trust grew its stake in shares of Burlington Stores by 157.1% in the fourth quarter. Parkside Financial Bank & Trust now owns 144 shares of the company’s stock worth $41,000 after purchasing an additional 88 shares during the last quarter.

Burlington Stores Price Performance

Shares of BURL opened at $226.67 on Monday. The stock has a market cap of $14.28 billion, a P/E ratio of 31.05, a P/E/G ratio of 1.11 and a beta of 1.65. The business’s fifty day moving average is $238.90 and its 200 day moving average is $262.31. The company has a quick ratio of 0.54, a current ratio of 1.17 and a debt-to-equity ratio of 1.35. Burlington Stores, Inc. has a 12-month low of $174.64 and a 12-month high of $298.89.

Burlington Stores (NYSE:BURL) last issued its quarterly earnings data on Thursday, March 6th. The company reported $4.07 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.75 by $0.32. Burlington Stores had a net margin of 4.49% and a return on equity of 47.52%. The firm had revenue of $3.28 billion during the quarter, compared to analysts’ expectations of $3.25 billion. Sell-side analysts anticipate that Burlington Stores, Inc. will post 7.93 earnings per share for the current fiscal year.

Insider Activity at Burlington Stores

In other Burlington Stores news, CMO Jennifer Vecchio sold 4,939 shares of Burlington Stores stock in a transaction on Thursday, March 20th. The shares were sold at an average price of $239.94, for a total transaction of $1,185,063.66. Following the transaction, the chief marketing officer now directly owns 70,006 shares of the company’s stock, valued at $16,797,239.64. The trade was a 6.59 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 1.10% of the stock is owned by insiders.

Analysts Set New Price Targets

Several brokerages recently issued reports on BURL. Barclays raised their target price on Burlington Stores from $317.00 to $329.00 and gave the stock an “overweight” rating in a research report on Friday, March 7th. Citigroup cut their price objective on Burlington Stores from $344.00 to $340.00 and set a “buy” rating on the stock in a research note on Friday, March 7th. Robert W. Baird increased their target price on shares of Burlington Stores from $330.00 to $335.00 and gave the company an “outperform” rating in a research report on Friday, March 7th. Telsey Advisory Group restated an “outperform” rating and issued a $340.00 price target on shares of Burlington Stores in a research report on Thursday, March 6th. Finally, JPMorgan Chase & Co. decreased their price objective on shares of Burlington Stores from $336.00 to $287.00 and set an “overweight” rating for the company in a research report on Monday, April 14th. One equities research analyst has rated the stock with a hold rating and fifteen have assigned a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $323.13.

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.