Capital International Investors Acquires 367,703 Shares of Burlington Stores, Inc. (NYSE:BURL)

Capital International Investors increased its holdings in shares of Burlington Stores, Inc. (NYSE:BURL) by 7.7% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 5,160,096 shares of the company’s stock after purchasing an additional 367,703 shares during the period. Capital International Investors owned approximately 8.13% of Burlington Stores worth $1,470,929,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the business. Stifel Financial Corp lifted its position in shares of Burlington Stores by 178.5% during the 3rd quarter. Stifel Financial Corp now owns 4,713 shares of the company’s stock valued at $1,242,000 after acquiring an additional 3,021 shares during the period. MML Investors Services LLC increased its stake in Burlington Stores by 13.0% in the third quarter. MML Investors Services LLC now owns 2,675 shares of the company’s stock valued at $705,000 after purchasing an additional 308 shares in the last quarter. Sanctuary Advisors LLC raised its holdings in shares of Burlington Stores by 30.7% during the third quarter. Sanctuary Advisors LLC now owns 2,656 shares of the company’s stock valued at $760,000 after purchasing an additional 624 shares during the period. Wilmington Savings Fund Society FSB bought a new position in shares of Burlington Stores during the 3rd quarter worth about $57,000. Finally, Logan Capital Management Inc. grew its stake in shares of Burlington Stores by 9.1% in the 3rd quarter. Logan Capital Management Inc. now owns 56,354 shares of the company’s stock valued at $14,848,000 after buying an additional 4,695 shares during the period.

Insider Transactions at Burlington Stores

In other Burlington Stores news, CMO Jennifer Vecchio sold 4,939 shares of the stock in a transaction on Thursday, March 20th. The stock was sold at an average price of $239.94, for a total transaction of $1,185,063.66. Following the completion of the transaction, the chief marketing officer now directly owns 70,006 shares of the company’s stock, valued at approximately $16,797,239.64. This represents a 6.59 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 1.10% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the company. Citigroup dropped their price target on Burlington Stores from $344.00 to $340.00 and set a “buy” rating on the stock in a research note on Friday, March 7th. Barclays upped their target price on Burlington Stores from $317.00 to $329.00 and gave the stock an “overweight” rating in a research report on Friday, March 7th. Robert W. Baird boosted their price target on shares of Burlington Stores from $330.00 to $335.00 and gave the company an “outperform” rating in a research note on Friday, March 7th. JPMorgan Chase & Co. dropped their price objective on shares of Burlington Stores from $336.00 to $287.00 and set an “overweight” rating on the stock in a research note on Monday. Finally, UBS Group boosted their target price on shares of Burlington Stores from $360.00 to $405.00 and gave the stock a “buy” rating in a research report on Friday, March 7th. One research analyst has rated the stock with a hold rating and fifteen have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $323.13.

Burlington Stores Stock Performance

Shares of Burlington Stores stock opened at $226.67 on Friday. The firm has a market capitalization of $14.28 billion, a P/E ratio of 31.05, a price-to-earnings-growth ratio of 1.11 and a beta of 1.65. 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 business’s fifty day simple moving average is $239.48 and its 200 day simple moving average is $262.52. Burlington Stores, Inc. has a 12 month low of $174.64 and a 12 month high of $298.89.

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 analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $3.25 billion. As a group, analysts anticipate that Burlington Stores, Inc. will post 7.93 EPS for the current 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.