IFP Advisors Inc lifted its stake in Burlington Stores, Inc. (NYSE:BURL – Free Report) by 4,612.8% in the fourth quarter, HoldingsChannel.com reports. The firm owned 1,838 shares of the company’s stock after purchasing an additional 1,799 shares during the quarter. IFP Advisors Inc’s holdings in Burlington Stores were worth $531,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also modified their holdings of BURL. Northwestern Mutual Wealth Management Co. increased its holdings in shares of Burlington Stores by 303,059.4% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 1,912,936 shares of the company’s stock valued at $552,552,000 after purchasing an additional 1,912,305 shares in the last quarter. Junto Capital Management LP increased its holdings in shares of Burlington Stores by 168.4% in the third quarter. Junto Capital Management LP now owns 503,080 shares of the company’s stock valued at $128,034,000 after purchasing an additional 315,664 shares in the last quarter. Vanguard Group Inc. increased its holdings in shares of Burlington Stores by 3.5% in the third quarter. Vanguard Group Inc. now owns 6,782,201 shares of the company’s stock valued at $1,726,070,000 after purchasing an additional 232,358 shares in the last quarter. Wellington Management Group LLP increased its holdings in shares of Burlington Stores by 536.2% in the third quarter. Wellington Management Group LLP now owns 269,633 shares of the company’s stock valued at $68,622,000 after purchasing an additional 227,254 shares in the last quarter. Finally, Samlyn Capital LLC increased its holdings in shares of Burlington Stores by 68.0% in the third quarter. Samlyn Capital LLC now owns 555,717 shares of the company’s stock valued at $141,430,000 after purchasing an additional 224,909 shares in the last quarter.
Burlington Stores Stock Up 0.0%
Shares of BURL stock opened at $324.60 on Tuesday. The company has a current ratio of 1.23, a quick ratio of 0.65 and a debt-to-equity ratio of 1.11. Burlington Stores, Inc. has a 1 year low of $218.52 and a 1 year high of $351.85. The firm’s fifty day moving average price is $318.93 and its two-hundred day moving average price is $300.32. The firm has a market capitalization of $20.39 billion, a P/E ratio of 34.10, a PEG ratio of 1.96 and a beta of 1.48.
Insider Transactions at Burlington Stores
In other Burlington Stores news, COO Travis Marquette sold 3,759 shares of Burlington Stores stock in a transaction on Tuesday, March 24th. The shares were sold at an average price of $327.75, for a total value of $1,232,012.25. Following the sale, the chief operating officer directly owned 26,350 shares in the company, valued at approximately $8,636,212.50. The trade was a 12.48% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 1.30% of the company’s stock.
Analysts Set New Price Targets
A number of equities analysts have issued reports on BURL shares. Wells Fargo & Company raised their price objective on shares of Burlington Stores from $350.00 to $400.00 and gave the company an “overweight” rating in a research note on Friday, March 6th. UBS Group reissued a “buy” rating on shares of Burlington Stores in a research report on Tuesday, March 3rd. Barclays raised their price objective on shares of Burlington Stores from $331.00 to $335.00 and gave the stock an “overweight” rating in a report on Monday, March 2nd. Robert W. Baird raised their price objective on shares of Burlington Stores from $345.00 to $375.00 and gave the stock an “outperform” rating in a report on Friday, March 6th. Finally, Weiss Ratings upgraded shares of Burlington Stores from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, March 23rd. Sixteen research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $353.00.
View Our Latest Research Report on Burlington Stores
Burlington Stores Profile
Burlington Stores, Inc is an American off-price retailer that sells apparel and home goods at discounted prices. The company’s merchandise assortment includes clothing for women, men and children, plus baby products, footwear, accessories, beauty items, toys and home décor. Burlington’s merchandising strategy focuses on offering branded and private-label goods at lower prices than traditional department stores by sourcing excess inventory, closeouts and opportunistic buys from manufacturers and other retailers.
The business traces its roots to the Burlington Coat Factory name established in the early 1970s and has since evolved into a broader off-price retailer that carries a wide range of seasonal and everyday merchandise.
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