Pallas Capital Advisors LLC Has $468,000 Stake in Burlington Stores, Inc. (NYSE:BURL)

Pallas Capital Advisors LLC lessened its stake in shares of Burlington Stores, Inc. (NYSE:BURL) by 4.3% during the fourth quarter, Holdings Channel reports. The fund owned 1,642 shares of the company’s stock after selling 73 shares during the quarter. Pallas Capital Advisors LLC’s holdings in Burlington Stores were worth $468,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Geode Capital Management LLC grew its stake in shares of Burlington Stores by 1.7% in the 3rd quarter. Geode Capital Management LLC now owns 1,074,960 shares of the company’s stock valued at $282,582,000 after buying an additional 18,160 shares during the period. Massachusetts Financial Services Co. MA grew its stake in Burlington Stores by 1,048.8% in the third quarter. Massachusetts Financial Services Co. MA now owns 730,524 shares of the company’s stock valued at $192,478,000 after acquiring an additional 666,934 shares during the period. Anomaly Capital Management LP increased its holdings in shares of Burlington Stores by 34.6% during the second quarter. Anomaly Capital Management LP now owns 730,175 shares of the company’s stock valued at $175,242,000 after acquiring an additional 187,760 shares in the last quarter. Clearbridge Investments LLC raised its position in shares of Burlington Stores by 2.2% during the second quarter. Clearbridge Investments LLC now owns 663,527 shares of the company’s stock worth $159,246,000 after purchasing an additional 14,080 shares during the period. Finally, Dimensional Fund Advisors LP lifted its holdings in shares of Burlington Stores by 54.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 587,376 shares of the company’s stock worth $140,968,000 after purchasing an additional 207,959 shares in the last quarter.

Burlington Stores Price Performance

Shares of NYSE BURL opened at $283.62 on Wednesday. The firm has a market capitalization of $18.00 billion, a P/E ratio of 38.85, a P/E/G ratio of 1.58 and a beta of 1.63. The company has a quick ratio of 0.54, a current ratio of 1.17 and a debt-to-equity ratio of 1.35. The stock’s 50-day simple moving average is $281.94 and its two-hundred day simple moving average is $265.87. Burlington Stores, Inc. has a twelve month low of $174.64 and a twelve month high of $298.89.

Burlington Stores (NYSE:BURL) last announced its earnings results on Tuesday, November 26th. The company reported $1.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.54 by $0.01. Burlington Stores had a net margin of 4.49% and a return on equity of 47.52%. The business had revenue of $2.53 billion during the quarter, compared to analyst estimates of $2.55 billion. During the same period in the previous year, the business posted $0.98 earnings per share. Burlington Stores’s revenue for the quarter was up 10.5% on a year-over-year basis. As a group, equities analysts anticipate that Burlington Stores, Inc. will post 7.93 EPS for the current fiscal year.

Insider Buying and Selling

In related news, CMO Jennifer Vecchio sold 494 shares of the firm’s stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $284.95, for a total transaction of $140,765.30. Following the transaction, the chief marketing officer now directly owns 59,437 shares in the company, valued at $16,936,573.15. This trade represents a 0.82 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.91% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

BURL has been the subject of a number of analyst reports. StockNews.com cut shares of Burlington Stores from a “buy” rating to a “hold” rating in a report on Wednesday, October 23rd. Morgan Stanley boosted their price objective on Burlington Stores from $285.00 to $305.00 and gave the stock an “overweight” rating in a report on Wednesday, November 27th. UBS Group raised Burlington Stores from a “neutral” rating to a “buy” rating and lifted their target price for the company from $280.00 to $360.00 in a research report on Friday, January 10th. Telsey Advisory Group reissued an “outperform” rating and issued a $310.00 price target on shares of Burlington Stores in a research report on Tuesday, November 26th. Finally, Robert W. Baird lifted their price objective on shares of Burlington Stores from $315.00 to $330.00 and gave the stock an “outperform” rating in a report on Wednesday, November 27th. One research analyst has rated the stock with a hold rating and sixteen have issued a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $313.00.

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.