William Blair Investment Management LLC Has $99.80 Million Position in Burlington Stores, Inc. (NYSE:BURL)

William Blair Investment Management LLC reduced its position in shares of Burlington Stores, Inc. (NYSE:BURL) by 13.2% in the 4th quarter, Holdings Channel reports. The institutional investor owned 350,110 shares of the company’s stock after selling 53,097 shares during the quarter. William Blair Investment Management LLC’s holdings in Burlington Stores were worth $99,802,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. IFP Advisors Inc boosted its position in shares of Burlington Stores by 81.6% during the fourth quarter. IFP Advisors Inc now owns 89 shares of the company’s stock worth $25,000 after buying an additional 40 shares during the period. Fortitude Family Office LLC raised its holdings in Burlington Stores by 148.6% during the fourth quarter. Fortitude Family Office LLC now owns 92 shares of the company’s stock worth $26,000 after acquiring an additional 55 shares in the last quarter. RPg Family Wealth Advisory LLC bought a new stake in Burlington Stores during the third quarter worth about $26,000. Stonebridge Financial Group LLC bought a new stake in Burlington Stores during the fourth quarter worth about $31,000. Finally, Brooklyn Investment Group bought a new stake in Burlington Stores during the third quarter worth about $33,000.

Analysts Set New Price Targets

Several analysts recently issued reports on the company. Barclays upped their target price on Burlington Stores from $317.00 to $329.00 and gave the stock an “overweight” rating in a report on Friday, March 7th. Evercore ISI upped their target price on Burlington Stores from $315.00 to $340.00 and gave the stock an “outperform” rating in a report on Wednesday, November 27th. UBS Group upped their target price on Burlington Stores from $360.00 to $405.00 and gave the stock a “buy” rating in a report on Friday, March 7th. TD Cowen upped their price objective on Burlington Stores from $334.00 to $339.00 and gave the company a “buy” rating in a research note on Thursday, December 12th. Finally, Citigroup dropped their price objective 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. One research analyst has rated the stock with a hold rating and fifteen have assigned a buy rating to the company. Based on data from MarketBeat.com, Burlington Stores currently has an average rating of “Moderate Buy” and an average price target of $323.20.

Insider Buying and Selling

In related news, CMO Jennifer Vecchio sold 493 shares of the stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $275.75, for a total transaction of $135,944.75. Following the sale, the chief marketing officer now owns 58,944 shares of the company’s stock, valued at $16,253,808. This represents a 0.83 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.91% of the stock is currently owned by company insiders.

Burlington Stores Price Performance

Burlington Stores stock opened at $234.75 on Tuesday. Burlington Stores, Inc. has a 12 month low of $174.64 and a 12 month high of $298.89. The stock’s 50 day moving average is $261.89 and its 200-day moving average is $267.91. 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 company has a market capitalization of $14.90 billion, a price-to-earnings ratio of 32.16, a PEG ratio of 1.11 and a beta of 1.73.

Burlington Stores (NYSE:BURL) last posted its earnings results on Thursday, March 6th. The company reported $4.07 EPS for the quarter, beating the consensus estimate of $3.75 by $0.32. The company had revenue of $3.28 billion for the quarter, compared to the consensus estimate of $3.25 billion. Burlington Stores had a return on equity of 47.52% and a net margin of 4.49%. Equities research analysts expect 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.