Burlington Stores, Inc. (NYSE:BURL) Shares Acquired by Focus Partners Wealth

Focus Partners Wealth lifted its holdings in Burlington Stores, Inc. (NYSE:BURL) by 28.1% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,591 shares of the company’s stock after purchasing an additional 349 shares during the period. Focus Partners Wealth’s holdings in Burlington Stores were worth $454,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Eisler Capital Management Ltd. purchased a new stake in shares of Burlington Stores during the 4th quarter worth approximately $1,818,000. Ensign Peak Advisors Inc raised its position in Burlington Stores by 3.8% in the 4th quarter. Ensign Peak Advisors Inc now owns 32,628 shares of the company’s stock valued at $9,301,000 after purchasing an additional 1,196 shares during the last quarter. Ethic Inc. increased its stake in Burlington Stores by 98.8% in the 4th quarter. Ethic Inc. now owns 3,524 shares of the company’s stock valued at $1,005,000 after buying an additional 1,751 shares during the period. Deutsche Bank AG raised its position in Burlington Stores by 13.0% during the 4th quarter. Deutsche Bank AG now owns 227,170 shares of the company’s stock worth $64,757,000 after buying an additional 26,170 shares during the last quarter. Finally, Dorsal Capital Management LP raised its position in Burlington Stores by 28.8% during the 4th quarter. Dorsal Capital Management LP now owns 515,000 shares of the company’s stock worth $146,806,000 after buying an additional 115,000 shares during the last quarter.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on BURL shares. Telsey Advisory Group reaffirmed an “outperform” rating and set a $340.00 price target on shares of Burlington Stores in a research note on Thursday, March 6th. Barclays lowered their price objective on shares of Burlington Stores from $329.00 to $254.00 and set an “overweight” rating on the stock in a research note on Monday, May 12th. Morgan Stanley lowered their price objective on shares of Burlington Stores from $297.00 to $269.00 and set an “overweight” rating on the stock in a research note on Tuesday, May 6th. UBS Group increased their price objective on shares of Burlington Stores from $360.00 to $405.00 and gave the company a “buy” rating in a research note on Friday, March 7th. Finally, JPMorgan Chase & Co. increased their price objective on shares of Burlington Stores from $287.00 to $327.00 and gave the company an “overweight” rating in a research note on Monday. One investment analyst has rated the stock with a hold rating and fifteen have given a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $317.27.

Insider Activity

In related news, CMO Jennifer Vecchio sold 4,939 shares of the business’s stock in a transaction that occurred on Thursday, March 20th. The stock was sold at an average price of $239.94, for a total value of $1,185,063.66. Following the completion of the sale, the chief marketing officer now owns 70,006 shares of the company’s stock, valued at approximately $16,797,239.64. The trade was a 6.59% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, COO Travis Marquette sold 190 shares of the business’s stock in a transaction that occurred on Monday, May 5th. The shares were sold at an average price of $237.63, for a total value of $45,149.70. Following the completion of the sale, the chief operating officer now directly owns 22,858 shares of the company’s stock, valued at approximately $5,431,746.54. The trade was a 0.82% decrease in their position. The disclosure for this sale can be found here. 1.10% of the stock is owned by corporate insiders.

Burlington Stores Price Performance

NYSE BURL opened at $267.87 on Wednesday. The stock’s 50-day moving average price is $238.73 and its two-hundred day moving average price is $260.33. The company has a current ratio of 1.17, a quick ratio of 0.54 and a debt-to-equity ratio of 1.35. The company has a market cap of $16.87 billion, a PE ratio of 36.69, a PEG ratio of 1.11 and a beta of 1.70. Burlington Stores, Inc. has a 1 year low of $181.87 and a 1 year high of $298.89.

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

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.