Callan Family Office LLC Buys New Holdings in Burlington Stores, Inc. (NYSE:BURL)

Callan Family Office LLC acquired a new position in Burlington Stores, Inc. (NYSE:BURL) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 945 shares of the company’s stock, valued at approximately $269,000.

Several other institutional investors and hedge funds have also bought and sold shares of the business. Geode Capital Management LLC lifted its holdings in Burlington Stores by 1.7% in the 3rd quarter. Geode Capital Management LLC now owns 1,074,960 shares of the company’s stock worth $282,582,000 after buying an additional 18,160 shares during the period. Massachusetts Financial Services Co. MA lifted its holdings in Burlington Stores by 1,048.8% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 730,524 shares of the company’s stock worth $192,478,000 after buying an additional 666,934 shares during the period. Jennison Associates LLC lifted its holdings in Burlington Stores by 2.4% in the 3rd quarter. Jennison Associates LLC now owns 510,074 shares of the company’s stock worth $134,394,000 after buying an additional 12,143 shares during the period. Artemis Investment Management LLP lifted its holdings in Burlington Stores by 6.6% in the 4th quarter. Artemis Investment Management LLP now owns 396,938 shares of the company’s stock worth $113,151,000 after buying an additional 24,576 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its holdings in Burlington Stores by 0.3% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 395,950 shares of the company’s stock worth $112,870,000 after buying an additional 1,368 shares during the period.

Insider Transactions at Burlington Stores

In other news, CMO Jennifer Vecchio sold 493 shares of the business’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 transaction, the chief marketing officer now owns 58,944 shares in the company, valued at $16,253,808. The trade was a 0.83 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.91% of the company’s stock.

Burlington Stores Stock Down 3.3 %

BURL stock opened at $232.23 on Tuesday. Burlington Stores, Inc. has a twelve month low of $174.64 and a twelve month high of $298.89. The company has a quick ratio of 0.54, a current ratio of 1.17 and a debt-to-equity ratio of 1.35. The firm has a market cap of $14.74 billion, a PE ratio of 31.81, a price-to-earnings-growth ratio of 1.11 and a beta of 1.73. The business has a 50 day moving average of $268.22 and a 200 day moving average of $269.56.

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

Analyst Ratings Changes

Several research firms have weighed in on BURL. Evercore ISI increased 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. Morgan Stanley increased their price objective on Burlington Stores from $296.00 to $297.00 and gave the stock an “overweight” rating in a report on Friday. TD Cowen increased their target price on Burlington Stores from $334.00 to $339.00 and gave the stock a “buy” rating in a research report on Thursday, December 12th. Telsey Advisory Group reissued an “outperform” rating and issued a $340.00 target price on shares of Burlington Stores in a research report on Thursday, March 6th. Finally, Citigroup decreased their target price on Burlington Stores from $344.00 to $340.00 and set a “buy” rating for the company in a research report on Friday. One research analyst has rated the stock with a hold rating and fifteen have given a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $323.20.

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.