3,461 Shares in Burlington Stores, Inc. (NYSE:BURL) Acquired by Trust Point Inc.

Trust Point Inc. acquired a new stake in Burlington Stores, Inc. (NYSE:BURL) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 3,461 shares of the company’s stock, valued at approximately $987,000.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. Creative Planning increased its holdings in Burlington Stores by 22.6% in the second quarter. Creative Planning now owns 4,192 shares of the company’s stock valued at $1,006,000 after buying an additional 773 shares during the last quarter. Cetera Investment Advisers boosted its position in shares of Burlington Stores by 0.5% during the 2nd quarter. Cetera Investment Advisers now owns 12,340 shares of the company’s stock worth $2,962,000 after acquiring an additional 61 shares in the last quarter. Sanctuary Advisors LLC purchased a new position in shares of Burlington Stores in the 2nd quarter valued at about $488,000. Handelsbanken Fonder AB raised its position in shares of Burlington Stores by 0.6% during the 3rd quarter. Handelsbanken Fonder AB now owns 16,000 shares of the company’s stock worth $4,216,000 after acquiring an additional 100 shares in the last quarter. Finally, GAMMA Investing LLC lifted its stake in Burlington Stores by 63.6% during the third quarter. GAMMA Investing LLC now owns 512 shares of the company’s stock worth $135,000 after purchasing an additional 199 shares during the last quarter.

Burlington Stores Stock Down 0.6 %

Shares of Burlington Stores stock opened at $272.04 on Wednesday. The company has a market cap of $17.27 billion, a P/E ratio of 37.27, a PEG ratio of 1.53 and a beta of 1.62. The firm has a fifty day moving average of $287.56 and a two-hundred day moving average of $270.92. The company has a debt-to-equity ratio of 1.35, a quick ratio of 0.54 and a current ratio of 1.17. Burlington Stores, Inc. has a one year low of $174.64 and a one year high of $298.89.

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

Insider Buying and Selling

In other Burlington Stores news, CMO Jennifer Vecchio sold 494 shares of the business’s stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $284.95, for a total transaction of $140,765.30. Following the sale, the chief marketing officer now directly owns 59,437 shares in the company, valued at approximately $16,936,573.15. The trade was a 0.82 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.91% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several brokerages have commented on BURL. UBS Group upgraded shares of Burlington Stores from a “neutral” rating to a “buy” rating and increased their price target for the company from $280.00 to $360.00 in a research note on Friday, January 10th. 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. Telsey Advisory Group restated an “outperform” rating and issued a $310.00 price objective on shares of Burlington Stores in a research note on Tuesday, November 26th. Evercore ISI lifted their target price on Burlington Stores from $315.00 to $340.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 27th. Finally, Morgan Stanley upped their target price on Burlington Stores from $285.00 to $305.00 and gave the company an “overweight” rating in a research report on Wednesday, November 27th. One research analyst has rated the stock with a hold rating and fifteen have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $317.87.

Burlington Stores 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.