Gateway Investment Advisers LLC lowered its position in shares of Burlington Stores, Inc. (NYSE:BURL - Free Report) by 35.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,263 shares of the company's stock after selling 1,777 shares during the period. Gateway Investment Advisers LLC's holdings in Burlington Stores were worth $930,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Sumitomo Mitsui Trust Group Inc. grew its stake in shares of Burlington Stores by 2.3% during the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 145,552 shares of the company's stock valued at $38,350,000 after buying an additional 3,246 shares during the last quarter. Alpha DNA Investment Management LLC bought a new position in Burlington Stores during the 3rd quarter worth approximately $764,000. Logan Capital Management Inc. increased its stake in Burlington Stores by 9.1% in the 3rd quarter. Logan Capital Management Inc. now owns 56,354 shares of the company's stock worth $14,848,000 after purchasing an additional 4,695 shares during the period. Dai ichi Life Insurance Company Ltd bought a new stake in Burlington Stores in the third quarter valued at approximately $1,190,000. Finally, Hsbc Holdings PLC boosted its stake in shares of Burlington Stores by 5.5% during the second quarter. Hsbc Holdings PLC now owns 43,486 shares of the company's stock valued at $10,435,000 after purchasing an additional 2,258 shares during the period.
A number of analysts have recently weighed in on BURL shares. Morgan Stanley increased their target price on shares of Burlington Stores from $285.00 to $305.00 and gave the stock an "overweight" rating in a report on Wednesday, November 27th. TD Cowen increased their price objective on Burlington Stores from $334.00 to $339.00 and gave the stock a "buy" rating in a report on Thursday, December 12th. Telsey Advisory Group reissued an "outperform" rating and set a $310.00 target price on shares of Burlington Stores in a research note on Tuesday, November 26th. UBS Group raised Burlington Stores from a "neutral" rating to a "buy" rating and raised their price target for the stock from $280.00 to $360.00 in a research note on Friday, January 10th. Finally, Barclays reduced 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 investment analyst has rated the stock with a hold rating and fifteen have given a buy rating to the company. According to data from MarketBeat, Burlington Stores has a consensus rating of "Moderate Buy" and an average price target of $317.87.
View Our Latest Stock Analysis on Burlington Stores
Burlington Stores stock traded up $1.02 during mid-day trading on Friday, hitting $290.46. The company had a trading volume of 415,855 shares, compared to its average volume of 584,832. Burlington Stores, Inc. has a 12 month low of $174.64 and a 12 month high of $298.89. 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 stock's 50 day moving average price is $284.30 and its two-hundred day moving average price is $267.09. The company has a market capitalization of $18.44 billion, a PE ratio of 39.79, a price-to-earnings-growth ratio of 1.54 and a beta of 1.63.
Burlington Stores (NYSE:BURL - Get Free Report) last announced its quarterly earnings data on Tuesday, November 26th. The company reported $1.55 EPS for the quarter, beating the consensus estimate of $1.54 by $0.01. The company 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%. Burlington Stores's revenue for the quarter was up 10.5% on a year-over-year basis. During the same period in the prior year, the firm posted $0.98 EPS. As a group, sell-side analysts anticipate that Burlington Stores, Inc. will post 7.93 earnings per share for the current fiscal year.
In related news, CMO Jennifer Vecchio sold 494 shares of Burlington Stores stock in a transaction dated Thursday, January 2nd. The stock was 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 in the company, valued at approximately $16,936,573.15. This trade represents a 0.82 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.91% of the stock is currently owned by insiders.
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.
Before you consider Burlington Stores, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Burlington Stores wasn't on the list.
While Burlington Stores currently has a "Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.