Victory Capital Management Inc. Boosts Position in Burlington Stores, Inc. (NYSE:BURL)

Victory Capital Management Inc. boosted its holdings in Burlington Stores, Inc. (NYSE:BURL) by 52.7% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 222,151 shares of the company’s stock after buying an additional 76,684 shares during the period. Victory Capital Management Inc.’s holdings in Burlington Stores were worth $63,326,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of BURL. IFP Advisors Inc raised its holdings in Burlington Stores by 81.6% in the fourth quarter. IFP Advisors Inc now owns 89 shares of the company’s stock valued at $25,000 after buying an additional 40 shares during the period. RPg Family Wealth Advisory LLC acquired a new stake in Burlington Stores in the third quarter valued at approximately $26,000. Fortitude Family Office LLC grew its position in Burlington Stores by 148.6% in the fourth quarter. Fortitude Family Office LLC now owns 92 shares of the company’s stock valued at $26,000 after acquiring an additional 55 shares in the last quarter. Stonebridge Financial Group LLC acquired a new stake in Burlington Stores in the fourth quarter valued at approximately $31,000. Finally, Brooklyn Investment Group acquired a new stake in Burlington Stores in the third quarter valued at approximately $33,000.

Burlington Stores Stock Down 6.9 %

BURL stock opened at $239.98 on Friday. The company has a market capitalization of $15.23 billion, a P/E ratio of 32.87, a PEG ratio of 1.11 and a beta of 1.62. The firm has a 50 day simple moving average of $269.26 and a 200-day simple moving average of $269.71. The company has a current ratio of 1.17, a quick ratio of 0.54 and a debt-to-equity ratio of 1.35. Burlington Stores, Inc. has a twelve month low of $174.64 and a twelve month high of $298.89.

Burlington Stores (NYSE:BURL) last released its quarterly earnings data on Thursday, March 6th. The company reported $4.07 EPS for the quarter, topping analysts’ consensus estimates of $3.75 by $0.32. The firm had revenue of $3.28 billion during the quarter, compared to the consensus estimate of $3.25 billion. Burlington Stores had a net margin of 4.49% and a return on equity of 47.52%. On average, equities research analysts predict that Burlington Stores, Inc. will post 7.93 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on BURL shares. Robert W. Baird increased their price objective on shares of Burlington Stores from $330.00 to $335.00 and gave the company an “outperform” rating in a research report on Friday. Evercore ISI increased their price objective on shares of Burlington Stores from $315.00 to $340.00 and gave the company an “outperform” rating in a research report on Wednesday, November 27th. Morgan Stanley increased their price objective on shares of Burlington Stores from $296.00 to $297.00 and gave the company an “overweight” rating in a research report on Friday. UBS Group increased their price objective on shares of Burlington Stores from $360.00 to $405.00 and gave the company a “buy” rating in a research report on Friday. Finally, Telsey Advisory Group reaffirmed an “outperform” rating and issued a $340.00 price objective on shares of Burlington Stores in a research report on Thursday. One equities research analyst has rated the stock with a hold rating and fifteen have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $323.20.

Insider Buying and Selling at Burlington Stores

In other Burlington Stores news, CMO Jennifer Vecchio sold 493 shares of the firm’s stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $275.75, for a total value of $135,944.75. Following the sale, the chief marketing officer now directly owns 58,944 shares in the company, valued at approximately $16,253,808. This trade represents a 0.83 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 0.91% of the stock is currently owned by company insiders.

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.