Signaturefd LLC Sells 101 Shares of Burlington Stores, Inc. (NYSE:BURL)

Signaturefd LLC cut its stake in Burlington Stores, Inc. (NYSE:BURL) by 13.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 628 shares of the company’s stock after selling 101 shares during the quarter. Signaturefd LLC’s holdings in Burlington Stores were worth $179,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of BURL. Alpha DNA Investment Management LLC bought a new position in Burlington Stores during the third quarter worth about $764,000. Buckingham Capital Management Inc. increased its position in Burlington Stores by 159.0% during the fourth quarter. Buckingham Capital Management Inc. now owns 17,419 shares of the company’s stock worth $4,965,000 after acquiring an additional 10,693 shares during the period. Logan Capital Management Inc. increased its position in Burlington Stores by 9.1% during the third quarter. Logan Capital Management Inc. now owns 56,354 shares of the company’s stock worth $14,848,000 after acquiring an additional 4,695 shares during the period. Allspring Global Investments Holdings LLC increased its position in Burlington Stores by 7.5% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 378,921 shares of the company’s stock worth $108,292,000 after acquiring an additional 26,412 shares during the period. Finally, HB Wealth Management LLC bought a new position in Burlington Stores during the fourth quarter worth about $265,000.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on BURL shares. Barclays raised their price target on shares of Burlington Stores from $317.00 to $329.00 and gave the stock an “overweight” rating in a research report on Friday, March 7th. Telsey Advisory Group reissued an “outperform” rating and issued a $340.00 target price on shares of Burlington Stores in a report on Thursday, March 6th. Citigroup decreased their target price on shares of Burlington Stores from $344.00 to $340.00 and set a “buy” rating on the stock in a report on Friday, March 7th. Evercore ISI raised their target price on shares of Burlington Stores from $315.00 to $340.00 and gave the company an “outperform” rating in a report on Wednesday, November 27th. Finally, Robert W. Baird raised their target price on shares of Burlington Stores from $330.00 to $335.00 and gave the company an “outperform” rating in a report on Friday, March 7th. One analyst has rated the stock with a hold rating and fifteen have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $323.20.

Burlington Stores Trading Down 1.0 %

BURL opened at $234.16 on Friday. The company’s 50 day moving average is $258.08 and its 200-day moving average is $267.06. The company has a current ratio of 1.17, a quick ratio of 0.54 and a debt-to-equity ratio of 1.35. Burlington Stores, Inc. has a 1-year low of $174.64 and a 1-year high of $298.89. The company has a market cap of $14.80 billion, a P/E ratio of 32.08, a PEG ratio of 1.11 and a beta of 1.73.

Burlington Stores (NYSE:BURL) last posted its 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 net margin of 4.49% and a return on equity of 47.52%. The business had revenue of $3.28 billion for the quarter, compared to the consensus estimate of $3.25 billion. Equities research analysts predict that Burlington Stores, Inc. will post 7.93 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Burlington Stores news, CMO Jennifer Vecchio sold 493 shares of the firm’s stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $275.75, for a total transaction of $135,944.75. Following the completion of the transaction, the chief marketing officer now owns 58,944 shares in the company, valued at approximately $16,253,808. This trade represents a 0.83 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 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.