Savant Capital LLC Sells 209 Shares of Burlington Stores, Inc. (NYSE:BURL)

Savant Capital LLC reduced its position in Burlington Stores, Inc. (NYSE:BURL) by 3.4% during the fourth quarter, HoldingsChannel reports. The fund owned 5,940 shares of the company’s stock after selling 209 shares during the quarter. Savant Capital LLC’s holdings in Burlington Stores were worth $1,693,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Bleakley Financial Group LLC raised its stake in Burlington Stores by 7.8% in the 4th quarter. Bleakley Financial Group LLC now owns 2,381 shares of the company’s stock valued at $679,000 after acquiring an additional 173 shares during the period. Trust Point Inc. bought a new stake in Burlington Stores in the 4th quarter valued at about $987,000. Tokio Marine Asset Management Co. Ltd. raised its stake in Burlington Stores by 4.4% in the 4th quarter. Tokio Marine Asset Management Co. Ltd. now owns 2,333 shares of the company’s stock valued at $665,000 after acquiring an additional 98 shares during the period. BDF Gestion bought a new stake in Burlington Stores in the 4th quarter valued at about $3,064,000. Finally, R Squared Ltd bought a new stake in Burlington Stores in the 4th quarter valued at about $102,000.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on BURL shares. UBS Group upgraded Burlington Stores from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $280.00 to $360.00 in a research note on Friday, January 10th. Barclays decreased their price target on Burlington Stores from $327.00 to $317.00 and set an “overweight” rating on the stock in a research report on Wednesday, November 27th. TD Cowen upped their price target on Burlington Stores from $334.00 to $339.00 and gave the company a “buy” rating in a research report on Thursday, December 12th. Robert W. Baird upped their price target on Burlington Stores from $315.00 to $330.00 and gave the company an “outperform” rating in a research report on Wednesday, November 27th. Finally, Citigroup upped their price target on Burlington Stores from $313.00 to $344.00 and gave the company a “buy” rating in a research report on Wednesday, November 27th. One investment analyst has rated the stock with a hold rating and fifteen have issued a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $317.87.

Burlington Stores Stock Down 0.7 %

Shares of NYSE BURL opened at $248.35 on Friday. Burlington Stores, Inc. has a 12 month low of $174.64 and a 12 month high of $298.89. The company has a current ratio of 1.17, a quick ratio of 0.54 and a debt-to-equity ratio of 1.35. The firm has a market capitalization of $15.77 billion, a price-to-earnings ratio of 34.02, a PEG ratio of 1.24 and a beta of 1.62. The business has a 50-day moving average of $283.28 and a 200-day moving average of $271.02.

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

Insiders Place Their Bets

In other Burlington Stores news, CMO Jennifer Vecchio sold 494 shares of the company’s stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $293.89, for a total value of $145,181.66. Following the completion of the sale, the chief marketing officer now owns 59,931 shares of the company’s stock, valued at $17,613,121.59. This represents a 0.82 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders sold a total of 1,481 shares of company stock valued at $421,892 over the last quarter. 0.91% of the stock is owned by corporate insiders.

About Burlington Stores

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.