Burlington Stores, Inc. (NYSE:BURL) Shares Purchased by LPL Financial LLC

LPL Financial LLC boosted its holdings in shares of Burlington Stores, Inc. (NYSE:BURL) by 18.6% in the fourth quarter, HoldingsChannel reports. The firm owned 19,567 shares of the company’s stock after buying an additional 3,071 shares during the period. LPL Financial LLC’s holdings in Burlington Stores were worth $5,648,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in BURL. Geode Capital Management LLC grew its position in Burlington Stores by 1.7% during the third quarter. Geode Capital Management LLC now owns 1,074,960 shares of the company’s stock valued at $282,582,000 after buying an additional 18,160 shares during the period. American Century Companies Inc. raised its holdings in Burlington Stores by 17.1% in the 4th quarter. American Century Companies Inc. now owns 708,120 shares of the company’s stock valued at $201,857,000 after acquiring an additional 103,202 shares during the last quarter. Artemis Investment Management LLP lifted its position in Burlington Stores by 6.6% during the fourth quarter. Artemis Investment Management LLP now owns 396,938 shares of the company’s stock worth $113,151,000 after buying an additional 24,576 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its position in shares of Burlington Stores by 0.3% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 395,950 shares of the company’s stock valued at $112,870,000 after acquiring an additional 1,368 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC increased its holdings in shares of Burlington Stores by 7.5% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 378,921 shares of the company’s stock worth $108,292,000 after buying an additional 26,412 shares during the last quarter.

Wall Street Analyst Weigh In

A number of research analysts have commented on the stock. Citigroup decreased their target price on shares of Burlington Stores from $344.00 to $340.00 and set a “buy” rating on the stock in a research report on Friday, March 7th. TD Cowen raised their price target on shares of Burlington Stores from $334.00 to $339.00 and gave the company a “buy” rating in a research report on Thursday, December 12th. Telsey Advisory Group reissued an “outperform” rating and set a $340.00 price objective on shares of Burlington Stores in a research report on Thursday, March 6th. UBS Group lifted their price target on Burlington Stores from $360.00 to $405.00 and gave the stock a “buy” rating in a report on Friday, March 7th. Finally, Barclays lifted their price target on shares of Burlington Stores from $317.00 to $329.00 and gave the stock an “overweight” rating in a research note on Friday, March 7th. One equities research analyst has rated the stock with a hold rating and fifteen have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $323.20.

Insider Activity

In related news, CMO Jennifer Vecchio sold 4,939 shares of the company’s stock in a transaction that occurred on Thursday, March 20th. The shares were sold at an average price of $239.94, for a total transaction of $1,185,063.66. Following the transaction, the chief marketing officer now 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 filing with the SEC, which is available at the SEC website. Company insiders own 0.91% of the company’s stock.

Burlington Stores Trading Down 2.0 %

NYSE BURL opened at $226.78 on Tuesday. The company has a quick ratio of 0.54, a current ratio of 1.17 and a debt-to-equity ratio of 1.35. The firm has a 50-day moving average price of $247.68 and a 200 day moving average price of $264.89. Burlington Stores, Inc. has a 52-week low of $174.64 and a 52-week high of $298.89. The stock has a market capitalization of $14.33 billion, a P/E ratio of 31.07, a P/E/G ratio of 1.11 and a beta of 1.65.

Burlington Stores (NYSE:BURL) last issued its earnings results on Thursday, March 6th. The company reported $4.07 earnings per share for the quarter, topping the consensus estimate of $3.75 by $0.32. The company had revenue of $3.28 billion for the quarter, compared to analyst estimates of $3.25 billion. Burlington Stores had a net margin of 4.49% and a return on equity of 47.52%. Equities research analysts expect that Burlington Stores, Inc. will post 7.93 EPS for the current year.

About Burlington Stores

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.