Genesis Private Wealth LLC Takes Position in Burlington Stores, Inc. (NYSE:BURL)

Genesis Private Wealth LLC bought a new position in shares of Burlington Stores, Inc. (NYSE:BURL) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 720 shares of the company’s stock, valued at approximately $205,000.

Several other institutional investors have also recently added to or reduced their stakes in BURL. Fortitude Family Office LLC raised its holdings in Burlington Stores by 148.6% during the fourth quarter. Fortitude Family Office LLC now owns 92 shares of the company’s stock worth $26,000 after purchasing an additional 55 shares in the last quarter. RPg Family Wealth Advisory LLC purchased a new position in shares of Burlington Stores in the 3rd quarter valued at $26,000. Brooklyn Investment Group purchased a new stake in Burlington Stores in the third quarter valued at $33,000. MassMutual Private Wealth & Trust FSB lifted its position in Burlington Stores by 36.5% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 172 shares of the company’s stock valued at $49,000 after acquiring an additional 46 shares during the last quarter. Finally, UMB Bank n.a. boosted its stake in Burlington Stores by 391.7% in the third quarter. UMB Bank n.a. now owns 177 shares of the company’s stock valued at $47,000 after acquiring an additional 141 shares in the last quarter.

Analysts Set New Price Targets

A number of analysts have recently commented on BURL shares. StockNews.com cut Burlington Stores from a “buy” rating to a “hold” rating in a research report on Wednesday, October 23rd. Morgan Stanley boosted their price objective on Burlington Stores from $285.00 to $305.00 and gave the company an “overweight” rating in a research note on Wednesday, November 27th. UBS Group upgraded shares of Burlington Stores from a “neutral” rating to a “buy” rating and raised their target price for the stock from $280.00 to $360.00 in a research report on Friday, January 10th. TD Cowen upped their price target on shares of Burlington Stores from $334.00 to $339.00 and gave the company a “buy” rating in a research report on Thursday, December 12th. Finally, Barclays lowered their price objective on shares of Burlington Stores from $327.00 to $317.00 and set an “overweight” rating on the stock in a research report on Wednesday, November 27th. One equities research analyst has rated the stock with a hold rating and fifteen have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $317.87.

Insider Activity

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

Burlington Stores Trading Down 0.2 %

Shares of BURL stock opened at $288.86 on Thursday. Burlington Stores, Inc. has a twelve month low of $174.64 and a twelve month high of $298.89. The company has a market capitalization of $18.34 billion, a price-to-earnings ratio of 39.57, a PEG ratio of 1.56 and a beta of 1.63. The firm has a 50-day moving average price of $285.89 and a 200 day moving average price of $268.25. The company has a current ratio of 1.17, a quick ratio of 0.54 and a debt-to-equity ratio of 1.35.

Burlington Stores (NYSE:BURL) last announced its quarterly earnings data 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. The business had revenue of $2.53 billion for the quarter, compared to the consensus estimate of $2.55 billion. Burlington Stores had a net margin of 4.49% and a return on equity of 47.52%. The company’s quarterly revenue was up 10.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.98 earnings per share. Research analysts forecast that Burlington Stores, Inc. will post 7.93 earnings per share for the current fiscal 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.