Intech Investment Management LLC Raises Holdings in Burlington Stores, Inc. (NYSE:BURL)

Intech Investment Management LLC increased its position in shares of Burlington Stores, Inc. (NYSE:BURL) by 67.0% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 7,715 shares of the company’s stock after purchasing an additional 3,094 shares during the quarter. Intech Investment Management LLC’s holdings in Burlington Stores were worth $2,199,000 as of its most recent filing with the SEC.

Other large investors have also recently made changes to their positions in the company. IFP Advisors Inc boosted its stake in Burlington Stores by 81.6% during the fourth quarter. IFP Advisors Inc now owns 89 shares of the company’s stock worth $25,000 after buying an additional 40 shares during the last quarter. Fortitude Family Office LLC boosted its stake 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 buying an additional 55 shares during the last quarter. RPg Family Wealth Advisory LLC acquired a new position in Burlington Stores during the third quarter worth $26,000. Stonebridge Financial Group LLC acquired a new position in Burlington Stores during the fourth quarter worth $31,000. Finally, Brooklyn Investment Group acquired a new position in Burlington Stores during the third quarter worth $33,000.

Burlington Stores Price Performance

BURL opened at $236.49 on Friday. The stock’s 50-day moving average price is $259.14 and its 200 day moving average price is $267.29. 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 firm has a market cap of $15.01 billion, a price-to-earnings ratio of 32.40, a PEG ratio of 1.11 and a beta of 1.73.

Burlington Stores (NYSE:BURL) last issued its quarterly earnings results on Thursday, March 6th. The company reported $4.07 earnings per share for the quarter, topping the consensus estimate of $3.75 by $0.32. Burlington Stores had a return on equity of 47.52% and a net margin of 4.49%. The company had revenue of $3.28 billion for the quarter, compared to the consensus estimate of $3.25 billion. As a group, sell-side analysts expect that Burlington Stores, Inc. will post 7.93 earnings per share for the current year.

Insiders Place Their Bets

In other Burlington Stores news, CMO Jennifer Vecchio sold 493 shares of the company’s stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $275.75, for a total transaction of $135,944.75. Following the sale, the chief marketing officer now owns 58,944 shares in the company, valued at $16,253,808. This represents a 0.83 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.91% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on BURL shares. TD Cowen boosted their price objective 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 upped their price target on Burlington Stores from $360.00 to $405.00 and gave the company a “buy” rating in a research note on Friday, March 7th. Evercore ISI upped their price target on Burlington Stores from $315.00 to $340.00 and gave the company an “outperform” rating in a research note on Wednesday, November 27th. Robert W. Baird upped their price target on Burlington Stores from $330.00 to $335.00 and gave the company an “outperform” rating in a research note on Friday, March 7th. Finally, Morgan Stanley upped their price target on Burlington Stores from $296.00 to $297.00 and gave the company an “overweight” rating in a research note on Friday, March 7th. One research analyst has rated the stock with a hold rating and fifteen have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $323.20.

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.