American Century Companies Inc. Has $201.86 Million Position in Burlington Stores, Inc. (NYSE:BURL)

American Century Companies Inc. grew its holdings in Burlington Stores, Inc. (NYSE:BURL) by 17.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 708,120 shares of the company’s stock after purchasing an additional 103,202 shares during the quarter. American Century Companies Inc. owned about 1.12% of Burlington Stores worth $201,857,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently bought and sold shares of BURL. IFP Advisors Inc boosted its stake in Burlington Stores by 81.6% in the fourth quarter. IFP Advisors Inc now owns 89 shares of the company’s stock worth $25,000 after purchasing an additional 40 shares in the last quarter. RPg Family Wealth Advisory LLC acquired a new position in Burlington Stores in the third quarter worth $26,000. Fortitude Family Office LLC boosted its stake in Burlington Stores by 148.6% in 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. Stonebridge Financial Group LLC acquired a new position in Burlington Stores in the fourth quarter worth $31,000. Finally, Brooklyn Investment Group acquired a new position in shares of Burlington Stores during the third quarter valued at $33,000.

Burlington Stores Stock Down 1.0 %

Shares of Burlington Stores stock opened at $234.16 on Friday. Burlington Stores, Inc. has a 1 year low of $174.64 and a 1 year high of $298.89. The business has a 50-day moving average of $258.08 and a two-hundred day moving average of $267.06. The company has a market capitalization of $14.80 billion, a P/E ratio of 32.08, a price-to-earnings-growth ratio of 1.11 and a beta of 1.73. The company has a debt-to-equity ratio of 1.35, a current ratio of 1.17 and a quick ratio of 0.54.

Burlington Stores (NYSE:BURL) last announced its quarterly earnings results on Thursday, March 6th. The company reported $4.07 earnings per share (EPS) 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 during the quarter, compared to the consensus estimate of $3.25 billion. As a group, equities analysts predict that Burlington Stores, Inc. will post 7.93 EPS for the current year.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on BURL. Telsey Advisory Group reaffirmed an “outperform” rating and set a $340.00 price target on shares of Burlington Stores in a research note on Thursday, March 6th. 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. TD Cowen upped their price target on Burlington Stores from $334.00 to $339.00 and gave the company 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. Finally, Barclays upped their price target on Burlington Stores from $317.00 to $329.00 and gave the company an “overweight” rating in a research note on Friday, March 7th. One investment analyst has rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $323.20.

Insiders Place Their Bets

In related news, CMO Jennifer Vecchio sold 493 shares of the 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 completion of the transaction, the chief marketing officer now directly owns 58,944 shares in the company, valued at approximately $16,253,808. This trade represents a 0.83 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.91% of the company’s stock.

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.