FormulaFolio Investments LLC Takes $452,000 Position in Burlington Stores, Inc. (NYSE:BURL)


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FormulaFolio Investments LLC bought a new stake in Burlington Stores, Inc. (NYSE:BURL) in the fourth quarter, HoldingsChannel.com reports. The institutional investor bought 1,728 shares of the company’s stock, valued at approximately $452,000.

Other large investors have also made changes to their positions in the company. Perigon Wealth Management LLC acquired a new stake in shares of Burlington Stores in the fourth quarter valued at $25,000. Caption Management LLC acquired a new stake in Burlington Stores in the fourth quarter worth about $26,000. Whittier Trust Co. acquired a new stake in Burlington Stores in the fourth quarter worth about $33,000. Concord Wealth Partners acquired a new stake in Burlington Stores in the fourth quarter worth about $49,000. Finally, Ellevest Inc. increased its position in Burlington Stores by 55.6% in the fourth quarter. Ellevest Inc. now owns 263 shares of the company’s stock worth $69,000 after purchasing an additional 94 shares during the period.

In related news, CMO Jennifer Vecchio sold 20,000 shares of Burlington Stores stock in a transaction that occurred on Wednesday, March 10th. The stock was sold at an average price of $305.57, for a total value of $6,111,400.00. 1.48% of the stock is currently owned by company insiders.

A number of analysts recently commented on the company. Morgan Stanley lifted their price objective on Burlington Stores from $290.00 to $317.00 and gave the stock an “overweight” rating in a research report on Wednesday, March 17th. Jefferies Financial Group lifted their price objective on Burlington Stores from $310.00 to $355.00 and gave the stock a “buy” rating in a research report on Thursday, March 11th. Citigroup reiterated a “neutral” rating and issued a $258.00 price objective (up from $250.00) on shares of Burlington Stores in a research report on Wednesday, January 27th. Royal Bank of Canada lifted their price objective on Burlington Stores from $295.00 to $320.00 and gave the stock an “outperform” rating in a research report on Thursday, March 11th. Finally, BMO Capital Markets raised their target price on Burlington Stores from $264.00 to $332.00 and gave the stock an “outperform” rating in a report on Wednesday, March 17th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and nineteen have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $280.39.

NYSE:BURL opened at $306.63 on Thursday. Burlington Stores, Inc. has a fifty-two week low of $155.03 and a fifty-two week high of $321.86. The company has a debt-to-equity ratio of 7.57, a current ratio of 1.51 and a quick ratio of 1.02. The stock has a market capitalization of $20.36 billion, a PE ratio of -117.93 and a beta of 0.75. The business’s 50-day simple moving average is $287.65 and its 200-day simple moving average is $245.83.

Burlington Stores (NYSE:BURL) last released its quarterly earnings data on Wednesday, March 3rd. The company reported $2.44 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $2.12 by $0.32. Burlington Stores had a negative return on equity of 33.07% and a negative net margin of 2.92%. The business had revenue of $2.28 billion for the quarter, compared to analysts’ expectations of $2.07 billion. During the same quarter in the previous year, the business posted $3.25 EPS. Burlington Stores’s revenue for the quarter was up 3.5% on a year-over-year basis. On average, research analysts expect that Burlington Stores, Inc. will post -2.84 earnings per share for the current year.

Burlington Stores Profile

Burlington Stores, Inc operates as a retailer of branded apparel products in the United States. The company offers fashion-focused merchandise, including women's ready-to-wear apparel, accessories, footwear, menswear, youth apparel, coats, toys, and gifts, as well as baby, home, and beauty products.

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

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