Burlington Stores, Inc. (NYSE:BURL) Shares Purchased by Plato Investment Management Ltd

Plato Investment Management Ltd boosted its holdings in Burlington Stores, Inc. (NYSE:BURL) by 9.0% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,630 shares of the company’s stock after purchasing an additional 384 shares during the quarter. Plato Investment Management Ltd’s holdings in Burlington Stores were worth $1,325,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. IFP Advisors Inc lifted its holdings in shares of Burlington Stores by 81.6% during the fourth quarter. IFP Advisors Inc now owns 89 shares of the company’s stock worth $25,000 after purchasing an additional 40 shares during the period. RPg Family Wealth Advisory LLC purchased a new position in Burlington Stores in the third quarter worth $26,000. Fortitude Family Office LLC raised 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 worth $26,000 after acquiring an additional 55 shares in the last quarter. Stonebridge Financial Group LLC purchased a new position in Burlington Stores in the fourth quarter worth $31,000. Finally, Brooklyn Investment Group purchased a new position in Burlington Stores in the third quarter worth $33,000.

Insider Buying and Selling at Burlington Stores

In other news, CMO Jennifer Vecchio sold 493 shares of Burlington Stores 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 of the company’s stock, valued at approximately $16,253,808. This trade represents a 0.83 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.91% of the company’s stock.

Burlington Stores Stock Down 5.5 %

NYSE:BURL opened at $235.67 on Tuesday. The business’s fifty day moving average price is $272.22 and its 200 day moving average price is $270.26. Burlington Stores, Inc. has a 1-year low of $174.64 and a 1-year high of $298.89. The firm has a market capitalization of $14.96 billion, a price-to-earnings ratio of 32.28, a PEG ratio of 1.11 and a beta of 1.62. The company has a current ratio of 1.17, a quick ratio of 0.54 and a debt-to-equity ratio of 1.35.

Analysts Set New Price Targets

A number of research firms recently commented on BURL. UBS Group upgraded Burlington Stores from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $280.00 to $360.00 in a research report on Friday, January 10th. Evercore ISI lifted their price objective on Burlington Stores from $315.00 to $340.00 and gave the stock an “outperform” rating in a report on Wednesday, November 27th. TD Cowen lifted their price objective on Burlington Stores from $334.00 to $339.00 and gave the stock a “buy” rating in a report on Thursday, December 12th. Robert W. Baird boosted their price target on Burlington Stores from $315.00 to $330.00 and gave the company an “outperform” rating in a report on Wednesday, November 27th. Finally, Barclays reduced their price objective on Burlington Stores from $327.00 to $317.00 and set an “overweight” rating for the company in a research report on Wednesday, November 27th. One equities research analyst has rated the stock with a hold rating and fifteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, Burlington Stores currently has a consensus rating of “Moderate Buy” and an average price target of $319.87.

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.