Sheets Smith Investment Management Acquires New Position in Burlington Stores, Inc. (NYSE:BURL)

Sheets Smith Investment Management acquired a new stake in Burlington Stores, Inc. (NYSE:BURL) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 3,175 shares of the company’s stock, valued at approximately $905,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Geode Capital Management LLC raised its position in Burlington Stores by 1.7% during the 3rd quarter. Geode Capital Management LLC now owns 1,074,960 shares of the company’s stock worth $282,582,000 after buying an additional 18,160 shares during the last quarter. American Century Companies Inc. raised its position in Burlington Stores by 17.1% during the 4th quarter. American Century Companies Inc. now owns 708,120 shares of the company’s stock worth $201,857,000 after buying an additional 103,202 shares during the last quarter. Artemis Investment Management LLP raised its position in Burlington Stores by 6.6% during the 4th quarter. Artemis Investment Management LLP now owns 396,938 shares of the company’s stock worth $113,151,000 after buying an additional 24,576 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position in Burlington Stores by 0.3% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 395,950 shares of the company’s stock worth $112,870,000 after buying an additional 1,368 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC raised its position in Burlington Stores by 7.5% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 378,921 shares of the company’s stock worth $108,292,000 after buying an additional 26,412 shares during the last quarter.

Insiders Place Their Bets

In other Burlington Stores news, CMO Jennifer Vecchio sold 494 shares of Burlington Stores stock in a transaction 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 sale, the chief marketing officer now owns 59,437 shares of the company’s stock, valued at $16,936,573.15. The trade was a 0.82 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.91% of the stock is currently owned by corporate insiders.

Burlington Stores Price Performance

Shares of NYSE BURL opened at $234.16 on Monday. The firm has a market cap of $14.80 billion, a PE ratio of 32.08, a PEG ratio of 1.11 and a beta of 1.73. The firm has a fifty day moving average of $258.08 and a 200 day moving average of $267.08. The company has a debt-to-equity ratio of 1.35, a quick ratio of 0.54 and a current ratio of 1.17. Burlington Stores, Inc. has a one year low of $174.64 and a one year high of $298.89.

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 company had revenue of $3.28 billion during the quarter, compared to analyst estimates of $3.25 billion. As a group, research analysts predict that Burlington Stores, Inc. will post 7.93 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts have issued reports on BURL shares. Robert W. Baird raised their price target on shares of Burlington Stores from $330.00 to $335.00 and gave the stock an “outperform” rating in a research report on Friday, March 7th. TD Cowen raised their price target on shares of Burlington Stores from $334.00 to $339.00 and gave the stock a “buy” rating in a research report on Thursday, December 12th. Evercore ISI raised their price target on shares of Burlington Stores from $315.00 to $340.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 27th. Citigroup cut their target price on shares of Burlington Stores from $344.00 to $340.00 and set a “buy” rating for the company in a report on Friday, March 7th. Finally, Morgan Stanley lifted their target price on shares of Burlington Stores from $296.00 to $297.00 and gave the company an “overweight” rating in a report on Friday, March 7th. One research analyst has rated the stock with a hold rating and fifteen have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average 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.