GW&K Investment Management LLC Raises Stake in Burlington Stores, Inc. (NYSE:BURL)

GW&K Investment Management LLC increased its stake in shares of Burlington Stores, Inc. (NYSE:BURL) by 0.7% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 298,973 shares of the company’s stock after buying an additional 2,124 shares during the quarter. Burlington Stores makes up about 0.7% of GW&K Investment Management LLC’s portfolio, making the stock its 23rd largest position. GW&K Investment Management LLC’s holdings in Burlington Stores were worth $85,226,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Argonautica Private Wealth Management Inc. grew its holdings in Burlington Stores by 1.1% during the fourth quarter. Argonautica Private Wealth Management Inc. now owns 3,728 shares of the company’s stock valued at $1,063,000 after purchasing an additional 39 shares during the period. IFP Advisors Inc increased its position in shares of Burlington Stores by 81.6% during 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. Legacy Capital Wealth Partners LLC increased its holdings in Burlington Stores by 4.2% during the 4th quarter. Legacy Capital Wealth Partners LLC now owns 1,051 shares of the company’s stock worth $300,000 after acquiring an additional 42 shares during the period. MassMutual Private Wealth & Trust FSB grew its position in shares of Burlington Stores by 36.5% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 172 shares of the company’s stock valued at $49,000 after purchasing an additional 46 shares in the last quarter. Finally, M&T Bank Corp increased its holdings in shares of Burlington Stores by 1.5% in the third quarter. M&T Bank Corp now owns 3,089 shares of the company’s stock worth $813,000 after purchasing an additional 47 shares during the period.

Burlington Stores Stock Performance

NYSE BURL opened at $242.06 on Friday. The firm has a market cap of $15.37 billion, a price-to-earnings ratio of 33.16, a PEG ratio of 1.11 and a beta of 1.62. The company has a 50-day simple moving average of $273.89 and a two-hundred day simple moving average of $270.33. The company has a quick ratio of 0.54, a current ratio of 1.17 and a debt-to-equity ratio of 1.35. Burlington Stores, Inc. has a 12-month low of $174.64 and a 12-month high of $298.89.

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

Analyst Upgrades and Downgrades

BURL has been the subject of several research analyst reports. Evercore ISI lifted their price objective on 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 reiterated an “outperform” rating and set a $340.00 price target on shares of Burlington Stores in a research report on Thursday. UBS Group upgraded shares of Burlington Stores from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $280.00 to $360.00 in a research report on Friday, January 10th. Morgan Stanley lifted their target price on shares of Burlington Stores from $285.00 to $305.00 and gave the company an “overweight” rating in a research report on Wednesday, November 27th. Finally, Robert W. Baird increased their price target on shares of Burlington Stores from $315.00 to $330.00 and gave the stock an “outperform” rating in a report on Wednesday, November 27th. One research analyst has rated the stock with a hold rating and fifteen have issued a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $319.87.

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 shares were sold at an average price of $275.75, for a total value of $135,944.75. Following the sale, the chief marketing officer now owns 58,944 shares of the company’s stock, valued at $16,253,808. This trade represents a 0.83 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Over the last 90 days, insiders sold 1,481 shares of company stock worth $421,892. 0.91% of the stock is currently owned by 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.