Vinva Investment Management Ltd Cuts Stock Position in Burlington Stores, Inc. (NYSE:BURL)

Vinva Investment Management Ltd decreased its stake in shares of Burlington Stores, Inc. (NYSE:BURL) by 83.9% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,630 shares of the company’s stock after selling 13,673 shares during the quarter. Vinva Investment Management Ltd’s holdings in Burlington Stores were worth $749,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of BURL. Xponance Inc. boosted its position in shares of Burlington Stores by 3.4% in the 4th quarter. Xponance Inc. now owns 16,641 shares of the company’s stock valued at $4,744,000 after purchasing an additional 540 shares during the period. Intech Investment Management LLC raised its holdings in Burlington Stores by 67.0% during the fourth quarter. Intech Investment Management LLC now owns 7,715 shares of the company’s stock worth $2,199,000 after purchasing an additional 3,094 shares during the last quarter. Natixis Advisors LLC raised its holdings in shares of Burlington Stores by 5.3% in the fourth quarter. Natixis Advisors LLC now owns 23,617 shares of the company’s stock worth $6,732,000 after acquiring an additional 1,198 shares during the last quarter. Hilton Capital Management LLC raised its holdings in shares of Burlington Stores by 4.9% in the fourth quarter. Hilton Capital Management LLC now owns 8,153 shares of the company’s stock worth $2,324,000 after acquiring an additional 383 shares during the last quarter. Finally, PGGM Investments raised its holdings in shares of Burlington Stores by 27.8% in the fourth quarter. PGGM Investments now owns 3,880 shares of the company’s stock worth $1,106,000 after acquiring an additional 843 shares during the last quarter.

Burlington Stores Trading Down 3.3 %

Shares of NYSE BURL opened at $236.49 on Friday. The company’s fifty day moving average is $259.14 and its 200-day moving average is $267.29. The stock has a market cap of $15.01 billion, a price-to-earnings ratio of 32.40, a P/E/G ratio of 1.11 and a beta of 1.73. Burlington Stores, Inc. has a twelve month low of $174.64 and a twelve month high of $298.89. The company has a quick ratio of 0.54, a current ratio of 1.17 and a debt-to-equity ratio of 1.35.

Burlington Stores (NYSE:BURL) last issued its quarterly earnings results on Thursday, March 6th. The company reported $4.07 EPS for the quarter, topping the consensus estimate of $3.75 by $0.32. Burlington Stores had a net margin of 4.49% and a return on equity of 47.52%. The firm had revenue of $3.28 billion for the quarter, compared to analysts’ expectations of $3.25 billion. Equities research analysts predict that Burlington Stores, Inc. will post 7.93 EPS for the current year.

Insider Activity at Burlington Stores

In other news, CMO Jennifer Vecchio sold 494 shares of the company’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 transaction of $140,765.30. Following the completion of the sale, the chief marketing officer now owns 59,437 shares of the company’s stock, valued at approximately $16,936,573.15. This represents a 0.82 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.91% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on BURL shares. Citigroup lowered their price target on Burlington Stores from $344.00 to $340.00 and set a “buy” rating for the company in a research report on Friday, March 7th. Barclays boosted their price target on Burlington Stores from $317.00 to $329.00 and gave the stock an “overweight” rating in a research note on Friday, March 7th. TD Cowen upped their price objective on Burlington Stores from $334.00 to $339.00 and gave the company a “buy” rating in a research note on Thursday, December 12th. Telsey Advisory Group restated an “outperform” rating and set a $340.00 price objective on shares of Burlington Stores in a research note on Thursday, March 6th. Finally, Evercore ISI upped their target price on Burlington Stores from $315.00 to $340.00 and gave the company an “outperform” rating in a report on Wednesday, November 27th. One analyst has rated the stock with a hold rating and fifteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently 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.