Emerald Advisers LLC Purchases 847 Shares of Burlington Stores, Inc. (NYSE:BURL)

Emerald Advisers LLC lifted its position in shares of Burlington Stores, Inc. (NYSE:BURL) by 60.6% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,244 shares of the company’s stock after purchasing an additional 847 shares during the quarter. Emerald Advisers LLC’s holdings in Burlington Stores were worth $640,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Alpha DNA Investment Management LLC acquired a new position in shares of Burlington Stores during the third quarter valued at about $764,000. Buckingham Capital Management Inc. lifted its position in Burlington Stores by 159.0% in the 4th quarter. Buckingham Capital Management Inc. now owns 17,419 shares of the company’s stock valued at $4,965,000 after acquiring an additional 10,693 shares in the last quarter. Logan Capital Management Inc. boosted its stake in Burlington Stores by 9.1% during the 3rd quarter. Logan Capital Management Inc. now owns 56,354 shares of the company’s stock valued at $14,848,000 after purchasing an additional 4,695 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its stake in Burlington Stores by 7.5% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 378,921 shares of the company’s stock valued at $108,292,000 after purchasing an additional 26,412 shares during the last quarter. Finally, HB Wealth Management LLC bought a new stake in Burlington Stores during the 4th quarter worth approximately $265,000.

Burlington Stores Price Performance

Shares of NYSE BURL opened at $234.16 on Monday. The company has a current ratio of 1.17, a quick ratio of 0.54 and a debt-to-equity ratio of 1.35. The stock has a fifty day simple moving average of $258.08 and a two-hundred day simple moving average of $267.08. Burlington Stores, Inc. has a 1-year low of $174.64 and a 1-year high of $298.89. The firm has a market cap of $14.80 billion, a price-to-earnings ratio of 32.08, a price-to-earnings-growth ratio of 1.11 and a beta of 1.73.

Burlington Stores (NYSE:BURL) last posted its quarterly earnings results on Thursday, March 6th. The company reported $4.07 earnings per share 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 company had revenue of $3.28 billion during the quarter, compared to the consensus estimate of $3.25 billion. Analysts anticipate that Burlington Stores, Inc. will post 7.93 earnings per share for the current year.

Insiders Place Their Bets

In other Burlington Stores news, CMO Jennifer Vecchio sold 493 shares of the stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $275.75, for a total transaction of $135,944.75. Following the sale, the chief marketing officer now owns 58,944 shares in the company, valued at $16,253,808. This represents a 0.83 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 0.91% of the company’s stock.

Analysts Set New Price Targets

BURL has been the topic of several analyst reports. Morgan Stanley lifted their target price on Burlington Stores from $296.00 to $297.00 and gave the company an “overweight” rating in a research report on Friday, March 7th. Telsey Advisory Group reiterated an “outperform” rating and issued a $340.00 target price on shares of Burlington Stores in a research note on Thursday, March 6th. Citigroup dropped their price target on shares of Burlington Stores from $344.00 to $340.00 and set a “buy” rating on the stock in a research report on Friday, March 7th. UBS Group boosted their price target on shares of Burlington Stores from $360.00 to $405.00 and gave the stock a “buy” rating in a report on Friday, March 7th. Finally, Barclays increased their price objective on shares of Burlington Stores from $317.00 to $329.00 and gave the company an “overweight” rating in a research note on Friday, March 7th. One investment 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, Burlington Stores presently has an average rating of “Moderate Buy” and a consensus target price of $323.20.

Burlington Stores Company 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.