Burlington Stores, Inc. (NYSE:BURL) Shares Acquired by Clearbridge Investments LLC

Clearbridge Investments LLC boosted its holdings in Burlington Stores, Inc. (NYSE:BURL) by 0.2% in the fourth quarter, HoldingsChannel reports. The firm owned 644,801 shares of the company’s stock after purchasing an additional 1,155 shares during the period. Clearbridge Investments LLC’s holdings in Burlington Stores were worth $183,807,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of BURL. Quantbot Technologies LP acquired a new stake in shares of Burlington Stores during the third quarter worth approximately $638,000. Townsquare Capital LLC grew its holdings in Burlington Stores by 17.5% during the 3rd quarter. Townsquare Capital LLC now owns 1,655 shares of the company’s stock worth $436,000 after acquiring an additional 246 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund acquired a new position in Burlington Stores during the 3rd quarter worth $2,055,000. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Burlington Stores by 48.5% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 21,087 shares of the company’s stock worth $5,556,000 after purchasing an additional 6,887 shares during the last quarter. Finally, Captrust Financial Advisors raised its stake in shares of Burlington Stores by 1.7% in the 3rd quarter. Captrust Financial Advisors now owns 4,413 shares of the company’s stock valued at $1,163,000 after purchasing an additional 75 shares in the last quarter.

Burlington Stores Price Performance

NYSE BURL opened at $238.00 on Monday. The company has a 50-day moving average price of $253.86 and a two-hundred day moving average price of $266.38. Burlington Stores, Inc. has a 52 week low of $174.64 and a 52 week high of $298.89. The stock has a market cap of $15.04 billion, a price-to-earnings ratio of 32.60, a price-to-earnings-growth ratio of 1.11 and a beta of 1.73. 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 (NYSE:BURL) last issued its quarterly earnings data on Thursday, March 6th. The company reported $4.07 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.75 by $0.32. The business had revenue of $3.28 billion during the quarter, compared to analyst estimates of $3.25 billion. Burlington Stores had a return on equity of 47.52% and a net margin of 4.49%. Analysts forecast that Burlington Stores, Inc. will post 7.93 EPS for the current year.

Analysts Set New Price Targets

BURL has been the subject of several research analyst reports. Morgan Stanley boosted their price objective on Burlington Stores from $296.00 to $297.00 and gave the company an “overweight” rating in a report on Friday, March 7th. Robert W. Baird upped their price target on Burlington Stores from $330.00 to $335.00 and gave the company an “outperform” rating in a research report on Friday, March 7th. UBS Group raised their price objective on Burlington Stores from $360.00 to $405.00 and gave the stock a “buy” rating in a research note on Friday, March 7th. Barclays boosted their target price 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. Finally, Telsey Advisory Group restated an “outperform” rating and issued a $340.00 price target 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 issued a buy rating to the stock. According to data from MarketBeat, Burlington Stores presently has an average rating of “Moderate Buy” and a consensus price target of $323.20.

Insider Activity at Burlington Stores

In related 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 transaction, the chief marketing officer now owns 58,944 shares in the company, valued at $16,253,808. This trade represents a 0.83 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders have sold a total of 5,926 shares of company stock worth $1,461,774 over the last ninety days. 0.91% of the stock is currently owned by corporate insiders.

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.