Charles Schwab Investment Management Inc. Purchases 1,368 Shares of Burlington Stores, Inc. (NYSE:BURL)

Charles Schwab Investment Management Inc. boosted its holdings in shares of Burlington Stores, Inc. (NYSE:BURL) by 0.3% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 395,950 shares of the company’s stock after purchasing an additional 1,368 shares during the period. Charles Schwab Investment Management Inc.’s holdings in Burlington Stores were worth $112,870,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the stock. IFP Advisors Inc boosted its position in Burlington Stores by 81.6% during the 4th quarter. IFP Advisors Inc now owns 89 shares of the company’s stock valued at $25,000 after acquiring an additional 40 shares in the last quarter. RPg Family Wealth Advisory LLC purchased a new stake in shares of Burlington Stores in the 3rd quarter worth approximately $26,000. Fortitude Family Office LLC increased its position in Burlington Stores by 148.6% during the 4th quarter. Fortitude Family Office LLC now owns 92 shares of the company’s stock valued at $26,000 after buying an additional 55 shares in the last quarter. Stonebridge Financial Group LLC purchased a new position in Burlington Stores during the fourth quarter valued at $31,000. Finally, Brooklyn Investment Group bought a new stake in Burlington Stores in the third quarter worth $33,000.

Burlington Stores Stock Down 6.9 %

Burlington Stores stock opened at $239.98 on Friday. Burlington Stores, Inc. has a one year low of $174.64 and a one year high of $298.89. The stock has a fifty day moving average of $268.22 and a 200 day moving average of $269.58. The company has a debt-to-equity ratio of 1.35, a quick ratio of 0.54 and a current ratio of 1.17. The stock has a market cap of $15.23 billion, a PE ratio of 32.87, a price-to-earnings-growth ratio of 1.11 and a beta of 1.73.

Burlington Stores (NYSE:BURL) last released its quarterly earnings results on Thursday, March 6th. The company reported $4.07 EPS for the quarter, beating the consensus estimate of $3.75 by $0.32. The firm had revenue of $3.28 billion during the quarter, compared to analyst estimates of $3.25 billion. Burlington Stores had a net margin of 4.49% and a return on equity of 47.52%. As a group, sell-side analysts predict that Burlington Stores, Inc. will post 7.93 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on BURL shares. Robert W. Baird raised their price target on Burlington Stores from $330.00 to $335.00 and gave the company an “outperform” rating in a report on Friday. Evercore ISI raised their price objective on shares of Burlington Stores from $315.00 to $340.00 and gave the company an “outperform” rating in a research note on Wednesday, November 27th. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $340.00 target price on shares of Burlington Stores in a report on Thursday. TD Cowen increased their price target on shares of Burlington Stores from $334.00 to $339.00 and gave the company a “buy” rating in a report on Thursday, December 12th. Finally, Citigroup decreased their price objective on shares of Burlington Stores from $344.00 to $340.00 and set a “buy” rating for the company in a report on Friday. One analyst has rated the stock with a hold rating and fifteen have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $323.20.

Insiders Place Their Bets

In other news, CMO Jennifer Vecchio sold 493 shares of the company’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 completion of the sale, the chief marketing officer now directly owns 58,944 shares in the company, valued at $16,253,808. This represents a 0.83 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Insiders own 0.91% of the company’s stock.

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.