Envestnet Asset Management Inc. Cuts Holdings in Burlington Stores, Inc. (NYSE:BURL)

Envestnet Asset Management Inc. decreased its position in Burlington Stores, Inc. (NYSE:BURL) by 1.5% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 115,065 shares of the company’s stock after selling 1,694 shares during the period. Envestnet Asset Management Inc. owned 0.18% of Burlington Stores worth $32,800,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently modified their holdings of the company. Dynamic Technology Lab Private Ltd grew its stake in Burlington Stores by 175.5% in the 4th quarter. Dynamic Technology Lab Private Ltd now owns 6,504 shares of the company’s stock valued at $1,854,000 after purchasing an additional 4,143 shares during the period. Resona Asset Management Co. Ltd. purchased a new position in Burlington Stores in the fourth quarter valued at about $5,397,000. Savoir Faire Capital Management L.P. grew its position in shares of Burlington Stores by 229.5% during the 4th quarter. Savoir Faire Capital Management L.P. now owns 17,492 shares of the company’s stock valued at $4,986,000 after acquiring an additional 12,183 shares during the period. ExodusPoint Capital Management LP increased its position in Burlington Stores by 204.8% in the fourth quarter. ExodusPoint Capital Management LP now owns 14,102 shares of the company’s stock worth $4,020,000 after buying an additional 9,475 shares during the last quarter. Finally, Nicolet Advisory Services LLC raised its stake in shares of Burlington Stores by 8.2% in the fourth quarter. Nicolet Advisory Services LLC now owns 2,663 shares of the company’s stock valued at $764,000 after buying an additional 201 shares during the period.

Wall Street Analysts Forecast Growth

Several research firms have commented on BURL. Citigroup dropped their price objective on shares of Burlington Stores from $344.00 to $340.00 and set a “buy” rating on the stock in a report on Friday, March 7th. Barclays boosted their target price on shares of Burlington Stores from $317.00 to $329.00 and gave the company an “overweight” rating in a report on Friday, March 7th. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $340.00 price target on shares of Burlington Stores in a report on Thursday, March 6th. Morgan Stanley boosted their price objective on Burlington Stores from $296.00 to $297.00 and gave the company an “overweight” rating in a research note on Friday, March 7th. Finally, Robert W. Baird raised their target price on Burlington Stores from $330.00 to $335.00 and gave the stock an “outperform” rating in a research note on Friday, March 7th. One investment 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, Burlington Stores has an average rating of “Moderate Buy” and a consensus target price of $323.20.

Insider Buying and Selling at Burlington Stores

In other Burlington Stores news, CMO Jennifer Vecchio sold 4,939 shares of the stock in a transaction that occurred on Thursday, March 20th. The stock was sold at an average price of $239.94, for a total value of $1,185,063.66. Following the completion of the sale, the chief marketing officer now owns 70,006 shares in the company, valued at approximately $16,797,239.64. This trade represents a 6.59 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.91% of the stock is currently owned by corporate insiders.

Burlington Stores Trading Down 1.2 %

BURL stock opened at $240.59 on Friday. The company has a market capitalization of $15.21 billion, a PE ratio of 32.96, a price-to-earnings-growth ratio of 1.11 and a beta of 1.65. 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. The company’s 50 day moving average price is $241.92 and its two-hundred day moving average price is $263.46.

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

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.