Massachusetts Financial Services Co. MA Sells 18,695 Shares of Burlington Stores, Inc. (NYSE:BURL)

Massachusetts Financial Services Co. MA cut its holdings in shares of Burlington Stores, Inc. (NYSE:BURLFree Report) by 20.7% during the fourth quarter, Holdings Channel reports. The fund owned 71,785 shares of the company’s stock after selling 18,695 shares during the period. Massachusetts Financial Services Co. MA’s holdings in Burlington Stores were worth $13,961,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of the business. Lindbrook Capital LLC lifted its holdings in Burlington Stores by 114.6% during the 4th quarter. Lindbrook Capital LLC now owns 176 shares of the company’s stock worth $34,000 after buying an additional 94 shares in the last quarter. GAMMA Investing LLC acquired a new position in shares of Burlington Stores in the 4th quarter valued at $41,000. Fifth Third Bancorp acquired a new position in shares of Burlington Stores in the 4th quarter valued at $50,000. Homestead Advisers Corp acquired a new stake in Burlington Stores during the 3rd quarter worth $53,000. Finally, Operose Advisors LLC acquired a new stake in Burlington Stores during the 3rd quarter worth $84,000.

Insider Activity

In other news, CMO Jennifer Vecchio sold 5,025 shares of the firm’s stock in a transaction dated Wednesday, March 20th. The stock was sold at an average price of $225.24, for a total value of $1,131,831.00. Following the completion of the transaction, the chief marketing officer now owns 61,115 shares in the company, valued at approximately $13,765,542.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.91% of the stock is owned by corporate insiders.

Burlington Stores Price Performance

BURL stock opened at $193.14 on Friday. The stock has a 50-day moving average price of $200.88 and a two-hundred day moving average price of $188.93. The stock has a market cap of $12.34 billion, a PE ratio of 36.79, a price-to-earnings-growth ratio of 1.13 and a beta of 1.54. The company has a current ratio of 1.15, a quick ratio of 0.61 and a debt-to-equity ratio of 1.40. Burlington Stores, Inc. has a 1 year low of $115.66 and a 1 year high of $232.69.

Burlington Stores (NYSE:BURLGet Free Report) last announced its quarterly earnings data on Thursday, March 7th. The company reported $3.30 earnings per share for the quarter, beating the consensus estimate of $3.28 by $0.02. The company had revenue of $3.13 billion during the quarter, compared to analysts’ expectations of $3.07 billion. Burlington Stores had a return on equity of 45.28% and a net margin of 3.49%. Burlington Stores’s revenue for the quarter was up 13.9% compared to the same quarter last year. During the same quarter last year, the company earned $2.96 EPS. Equities analysts forecast that Burlington Stores, Inc. will post 7.38 EPS for the current fiscal year.

Wall Street Analyst Weigh In

BURL has been the topic of several research analyst reports. Morgan Stanley dropped their price objective on Burlington Stores from $233.00 to $218.00 and set an “overweight” rating on the stock in a research note on Monday, May 6th. UBS Group raised Burlington Stores from a “sell” rating to a “neutral” rating and raised their price objective for the stock from $126.00 to $212.00 in a research note on Thursday, May 2nd. StockNews.com raised Burlington Stores from a “hold” rating to a “buy” rating in a research note on Saturday, March 9th. TD Cowen dropped their price objective on Burlington Stores from $230.00 to $209.00 and set a “hold” rating on the stock in a research note on Friday. Finally, Evercore ISI raised their price objective on Burlington Stores from $220.00 to $235.00 and gave the stock an “outperform” rating in a research note on Friday, February 23rd. Three investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $220.14.

Check Out Our Latest Analysis on Burlington Stores

Burlington Stores Company Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Burlington Stores (NYSE:BURL)

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