Ritholtz Wealth Management Buys Shares of 981 Burlington Stores, Inc. (NYSE:BURL)

Ritholtz Wealth Management bought a new stake in Burlington Stores, Inc. (NYSE:BURL) during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund bought 981 shares of the company’s stock, valued at approximately $234,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in BURL. Norges Bank purchased a new position in Burlington Stores in the fourth quarter valued at about $227,268,000. Capital International Investors grew its stake in Burlington Stores by 7.7% in the fourth quarter. Capital International Investors now owns 5,160,096 shares of the company’s stock valued at $1,470,929,000 after purchasing an additional 367,703 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in Burlington Stores by 55.6% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 671,999 shares of the company’s stock valued at $191,560,000 after purchasing an additional 240,144 shares during the last quarter. Steadfast Capital Management LP purchased a new position in Burlington Stores in the fourth quarter valued at about $67,075,000. Finally, Massachusetts Financial Services Co. MA grew its stake in Burlington Stores by 30.8% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 955,648 shares of the company’s stock valued at $272,417,000 after purchasing an additional 225,124 shares during the last quarter.

Burlington Stores Trading Down 0.8%

Shares of NYSE:BURL opened at $225.41 on Friday. Burlington Stores, Inc. has a 12-month low of $212.92 and a 12-month high of $298.89. The company has a market capitalization of $14.22 billion, a PE ratio of 27.66, a PEG ratio of 1.62 and a beta of 1.65. The business has a 50 day moving average of $238.33 and a two-hundred day moving average of $254.86. The company has a current ratio of 1.06, a quick ratio of 0.39 and a debt-to-equity ratio of 1.21.

Burlington Stores (NYSE:BURL) last announced its quarterly earnings results on Thursday, May 29th. The company reported $1.60 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.43 by $0.17. Burlington Stores had a return on equity of 44.03% and a net margin of 4.88%. The company had revenue of $2.50 billion during the quarter, compared to the consensus estimate of $2.52 billion. During the same period in the previous year, the company posted $1.35 earnings per share. Burlington Stores’s revenue for the quarter was up 6.0% on a year-over-year basis. As a group, analysts forecast that Burlington Stores, Inc. will post 7.93 EPS for the current year.

Analyst Ratings Changes

BURL has been the topic of a number of research analyst reports. UBS Group boosted their price target on Burlington Stores from $360.00 to $405.00 and gave the stock a “buy” rating in a research note on Friday, March 7th. Morgan Stanley dropped their price target on Burlington Stores from $297.00 to $269.00 and set an “overweight” rating on the stock in a research note on Tuesday, May 6th. Citigroup dropped their price target 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. Wells Fargo & Company dropped their price target on Burlington Stores from $325.00 to $300.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 30th. Finally, Barclays boosted their price target on Burlington Stores from $254.00 to $299.00 and gave the stock an “overweight” rating in a research note on Friday, May 30th. One equities research analyst has rated the stock with a hold rating and fourteen have issued a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $317.43.

Insider Buying and Selling at Burlington Stores

In other news, COO Travis Marquette sold 190 shares of the company’s stock in a transaction that occurred on Monday, May 5th. The stock was sold at an average price of $237.63, for a total transaction of $45,149.70. Following the completion of the transaction, the chief operating officer now directly owns 22,858 shares of the company’s stock, valued at $5,431,746.54. This represents a 0.82% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CAO Stephen Ferroni sold 450 shares of the company’s stock in a transaction that occurred on Thursday, June 5th. The stock was sold at an average price of $241.39, for a total value of $108,625.50. Following the transaction, the chief accounting officer now directly owns 2,389 shares of the company’s stock, valued at approximately $576,680.71. The trade was a 15.85% decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.10% of the stock is currently owned by corporate insiders.

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.