Burlington Stores, Inc. (NYSE:BURL) Holdings Boosted by Arrowstreet Capital Limited Partnership

Arrowstreet Capital Limited Partnership grew its stake in shares of Burlington Stores, Inc. (NYSE:BURL) by 38.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 506,170 shares of the company’s stock after purchasing an additional 141,020 shares during the quarter. Arrowstreet Capital Limited Partnership owned approximately 0.80% of Burlington Stores worth $144,289,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in BURL. IFP Advisors Inc lifted its stake in 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 last quarter. Fortitude Family Office LLC increased its stake in shares of Burlington Stores by 148.6% in the fourth quarter. Fortitude Family Office LLC now owns 92 shares of the company’s stock valued at $26,000 after purchasing an additional 55 shares during the period. Stonebridge Financial Group LLC bought a new stake in shares of Burlington Stores during the fourth quarter valued at approximately $31,000. Farther Finance Advisors LLC increased its position in Burlington Stores by 104.5% in the 4th 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 period. Finally, Parkside Financial Bank & Trust raised its stake in Burlington Stores by 157.1% during the 4th quarter. Parkside Financial Bank & Trust now owns 144 shares of the company’s stock valued at $41,000 after acquiring an additional 88 shares in the last quarter.

Insider Transactions at Burlington Stores

In other news, CMO Jennifer Vecchio sold 494 shares of the 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 completion of the sale, the chief marketing officer now directly owns 59,437 shares of the company’s stock, valued at $16,936,573.15. This represents a 0.82 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders sold a total of 5,926 shares of company stock valued at $1,461,774 over the last quarter. Company insiders own 0.91% of the company’s stock.

Burlington Stores Price Performance

NYSE BURL opened at $238.00 on Monday. 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, Inc. has a 1 year low of $174.64 and a 1 year high of $298.89. The company has a market cap of $15.04 billion, a PE ratio of 32.60, a PEG ratio of 1.11 and a beta of 1.73. The stock’s 50-day moving average price is $253.86 and its two-hundred day moving average price is $266.38.

Burlington Stores (NYSE:BURL) last released its quarterly earnings results 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 business had revenue of $3.28 billion for the quarter, compared to analyst estimates of $3.25 billion. On average, analysts predict that Burlington Stores, Inc. will post 7.93 EPS for the current year.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on BURL shares. TD Cowen increased their price target on Burlington Stores from $334.00 to $339.00 and gave the stock a “buy” rating in a research note on Thursday, December 12th. UBS Group increased their target price on shares of Burlington Stores from $360.00 to $405.00 and gave the company a “buy” rating in a research report on Friday, March 7th. Morgan Stanley boosted their price target on shares of Burlington Stores from $296.00 to $297.00 and gave the stock an “overweight” rating in a research report on Friday, March 7th. Barclays increased their price objective on shares of Burlington Stores from $317.00 to $329.00 and gave the company an “overweight” rating in a report on Friday, March 7th. Finally, Citigroup dropped their target price on Burlington Stores from $344.00 to $340.00 and set a “buy” rating on the stock in a report on Friday, March 7th. One investment analyst has rated the stock with a hold rating and fifteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $323.20.

Burlington Stores 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.