Bleakley Financial Group LLC Raises Holdings in Burlington Stores, Inc. (NYSE:BURL)

Bleakley Financial Group LLC increased its position in shares of Burlington Stores, Inc. (NYSE:BURL) by 7.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,381 shares of the company’s stock after buying an additional 173 shares during the period. Bleakley Financial Group LLC’s holdings in Burlington Stores were worth $679,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Trust Point Inc. purchased a new position in Burlington Stores during the 4th quarter valued at about $987,000. Tokio Marine Asset Management Co. Ltd. boosted its stake in shares of Burlington Stores by 4.4% during the fourth quarter. Tokio Marine Asset Management Co. Ltd. now owns 2,333 shares of the company’s stock valued at $665,000 after purchasing an additional 98 shares in the last quarter. BDF Gestion purchased a new position in Burlington Stores during the fourth quarter valued at approximately $3,064,000. R Squared Ltd bought a new position in Burlington Stores in the fourth quarter worth approximately $102,000. Finally, KBC Group NV lifted its holdings in Burlington Stores by 8.4% during the fourth quarter. KBC Group NV now owns 40,717 shares of the company’s stock worth $11,607,000 after buying an additional 3,154 shares during the period.

Burlington Stores Stock Down 3.5 %

Burlington Stores stock opened at $260.05 on Monday. The business’s 50-day simple moving average is $286.32 and its two-hundred day simple moving average is $271.23. The company has a debt-to-equity ratio of 1.35, a quick ratio of 0.54 and a current ratio of 1.17. The company has a market cap of $16.51 billion, a PE ratio of 35.62, a PEG ratio of 1.24 and a beta of 1.62. Burlington Stores, Inc. has a fifty-two week low of $174.64 and a fifty-two week high of $298.89.

Burlington Stores (NYSE:BURL) last issued its earnings results on Tuesday, November 26th. The company reported $1.55 EPS for the quarter, beating analysts’ consensus estimates of $1.54 by $0.01. Burlington Stores had a return on equity of 47.52% and a net margin of 4.49%. The firm had revenue of $2.53 billion for the quarter, compared to analyst estimates of $2.55 billion. During the same quarter in the prior year, the firm earned $0.98 earnings per share. Burlington Stores’s revenue for the quarter was up 10.5% on a year-over-year basis. Equities analysts anticipate that Burlington Stores, Inc. will post 7.93 EPS for the current year.

Insider Transactions at Burlington Stores

In other news, CMO Jennifer Vecchio sold 494 shares of the company’s stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $284.95, for a total value of $140,765.30. Following the sale, the chief marketing officer now owns 59,437 shares in the company, valued at $16,936,573.15. This represents a 0.82 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders have sold 1,481 shares of company stock worth $421,892 over the last 90 days. 0.91% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on BURL shares. Barclays cut their price target on Burlington Stores from $327.00 to $317.00 and set an “overweight” rating on the stock in a report on Wednesday, November 27th. UBS Group upgraded shares of Burlington Stores from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $280.00 to $360.00 in a report on Friday, January 10th. StockNews.com cut shares of Burlington Stores from a “buy” rating to a “hold” rating in a report on Wednesday, October 23rd. Robert W. Baird boosted their price objective on shares of Burlington Stores from $315.00 to $330.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 27th. Finally, Evercore ISI raised their target price on shares of Burlington Stores from $315.00 to $340.00 and gave the company an “outperform” rating in a research note on Wednesday, November 27th. One investment analyst has rated the stock with a hold rating and fifteen have issued a buy rating to the company. Based on data from MarketBeat.com, Burlington Stores currently has a consensus rating of “Moderate Buy” and an average target price of $317.87.

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.