Choreo LLC Sells 201 Shares of Burlington Stores, Inc. (NYSE:BURL)

Choreo LLC trimmed its position in shares of Burlington Stores, Inc. (NYSE:BURL) by 13.0% during the 4th quarter, Holdings Channel reports. The firm owned 1,346 shares of the company’s stock after selling 201 shares during the period. Choreo LLC’s holdings in Burlington Stores were worth $383,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of BURL. Geode Capital Management LLC grew its stake 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 acquiring an additional 18,160 shares in the last quarter. Massachusetts Financial Services Co. MA grew its position in shares of Burlington Stores by 1,048.8% during the third quarter. Massachusetts Financial Services Co. MA now owns 730,524 shares of the company’s stock valued at $192,478,000 after purchasing an additional 666,934 shares in the last quarter. Jennison Associates LLC increased its holdings in shares of Burlington Stores by 2.4% in the third quarter. Jennison Associates LLC now owns 510,074 shares of the company’s stock worth $134,394,000 after purchasing an additional 12,143 shares during the last quarter. Stephens Investment Management Group LLC lifted its position in shares of Burlington Stores by 2.0% in the third quarter. Stephens Investment Management Group LLC now owns 403,981 shares of the company’s stock worth $106,441,000 after buying an additional 7,859 shares in the last quarter. Finally, Artemis Investment Management LLP boosted its stake in Burlington Stores by 6.6% during the fourth quarter. Artemis Investment Management LLP now owns 396,938 shares of the company’s stock valued at $113,151,000 after buying an additional 24,576 shares during the last quarter.

Wall Street Analyst Weigh In

BURL has been the topic of several analyst reports. Morgan Stanley boosted their price objective on Burlington Stores from $285.00 to $305.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 27th. TD Cowen increased their price target on Burlington Stores from $334.00 to $339.00 and gave the company a “buy” rating in a report on Thursday, December 12th. Barclays dropped their price objective on shares of Burlington Stores from $327.00 to $317.00 and set an “overweight” rating for the company in a research note on Wednesday, November 27th. UBS Group raised shares of Burlington Stores from a “neutral” rating to a “buy” rating and increased their target price for the company from $280.00 to $360.00 in a research note on Friday, January 10th. Finally, Citigroup lifted their price target on shares of Burlington Stores from $313.00 to $344.00 and gave the stock a “buy” rating in a research note on Wednesday, November 27th. One analyst has rated the stock with a hold rating and fifteen have issued a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $317.87.

Burlington Stores Trading Down 1.9 %

Shares of Burlington Stores stock opened at $250.23 on Thursday. The company has a 50-day moving average of $284.17 and a two-hundred day moving average of $271.18. Burlington Stores, Inc. has a 12-month low of $174.64 and a 12-month high of $298.89. 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 stock has a market cap of $15.88 billion, a PE ratio of 34.28, a price-to-earnings-growth ratio of 1.24 and a beta of 1.62.

Burlington Stores (NYSE:BURL) last released its quarterly earnings data on Tuesday, November 26th. The company reported $1.55 earnings per share for the quarter, beating the consensus estimate of $1.54 by $0.01. The firm had revenue of $2.53 billion during the quarter, compared to the consensus estimate of $2.55 billion. Burlington Stores had a return on equity of 47.52% and a net margin of 4.49%. Burlington Stores’s quarterly revenue was up 10.5% on a year-over-year basis. During the same period last year, the business posted $0.98 EPS. On average, research analysts anticipate that Burlington Stores, Inc. will post 7.93 EPS for the current fiscal year.

Insider Transactions at Burlington Stores

In other news, CMO Jennifer Vecchio sold 493 shares of the business’s stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $275.75, for a total value of $135,944.75. Following the completion of the transaction, the chief marketing officer now owns 58,944 shares of the company’s stock, valued at $16,253,808. The trade was a 0.83 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Insiders sold 1,481 shares of company stock valued at $421,892 in the last 90 days. 0.91% of the stock is currently owned by insiders.

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.