Burlington Stores, Inc. (NYSE:BURL) Shares Bought by Xponance Inc.

Xponance Inc. raised its holdings in Burlington Stores, Inc. (NYSE:BURL) by 3.4% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 16,641 shares of the company’s stock after acquiring an additional 540 shares during the quarter. Xponance Inc.’s holdings in Burlington Stores were worth $4,744,000 as of its most recent filing with the SEC.

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

Insider Activity

In other news, CMO Jennifer Vecchio sold 493 shares of the business’s stock in a transaction that occurred 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 approximately $16,253,808. The trade was a 0.83 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.91% of the company’s stock.

Burlington Stores Stock Performance

NYSE BURL opened at $244.63 on Thursday. The firm has a market capitalization of $15.53 billion, a P/E ratio of 33.51, a P/E/G ratio of 1.11 and a beta of 1.73. Burlington Stores, Inc. has a 1-year low of $174.64 and a 1-year high of $298.89. The company has a debt-to-equity ratio of 1.35, a current ratio of 1.17 and a quick ratio of 0.54. The business’s 50-day simple moving average is $260.12 and its 200-day simple moving average is $267.50.

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

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on BURL. Citigroup dropped their price target on Burlington Stores from $344.00 to $340.00 and set a “buy” rating for the company in a research report on Friday, March 7th. TD Cowen raised 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. Barclays raised their price target on Burlington Stores from $317.00 to $329.00 and gave the company an “overweight” rating in a research report on Friday, March 7th. Evercore ISI lifted their price objective on Burlington Stores from $315.00 to $340.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 27th. Finally, Telsey Advisory Group reiterated an “outperform” rating and set a $340.00 price objective on shares of Burlington Stores in a research report on Thursday, March 6th. One analyst has rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $323.20.

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.