Burlington Stores, Inc. (NYSE:BURL) Shares Bought by Lisanti Capital Growth LLC

Lisanti Capital Growth LLC raised its holdings in Burlington Stores, Inc. (NYSE:BURL) by 17.2% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 4,675 shares of the company’s stock after purchasing an additional 685 shares during the period. Lisanti Capital Growth LLC’s holdings in Burlington Stores were worth $1,333,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of BURL. IFP Advisors Inc boosted its holdings in shares of Burlington Stores by 81.6% during the fourth quarter. IFP Advisors Inc now owns 89 shares of the company’s stock valued at $25,000 after acquiring an additional 40 shares during the period. Fortitude Family Office LLC lifted its stake in Burlington Stores by 148.6% during the fourth quarter. Fortitude Family Office LLC now owns 92 shares of the company’s stock valued at $26,000 after purchasing an additional 55 shares during the last quarter. RPg Family Wealth Advisory LLC purchased a new stake in shares of Burlington Stores during the third quarter valued at $26,000. Stonebridge Financial Group LLC acquired a new position in shares of Burlington Stores in the fourth quarter worth about $31,000. Finally, Brooklyn Investment Group purchased a new position in Burlington Stores during the 3rd quarter worth approximately $33,000.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the stock. TD Cowen increased their target price on shares of 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 restated an “outperform” rating and issued a $340.00 price objective on shares of Burlington Stores in a research note on Thursday. UBS Group raised Burlington Stores from a “neutral” rating to a “buy” rating and raised their target price for the company from $280.00 to $360.00 in a report on Friday, January 10th. Robert W. Baird upped their price objective on shares of Burlington Stores from $315.00 to $330.00 and gave the company an “outperform” rating in a research report on Wednesday, November 27th. Finally, Morgan Stanley raised their price objective on shares of Burlington Stores from $285.00 to $305.00 and gave the stock an “overweight” rating in a report on Wednesday, November 27th. One investment analyst has rated the stock with a hold rating and fifteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $319.87.

Insider Buying and Selling at Burlington Stores

In other news, CMO Jennifer Vecchio sold 494 shares of the stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $284.95, for a total value of $140,765.30. Following the completion of the transaction, the chief marketing officer now directly owns 59,437 shares in the company, valued at approximately $16,936,573.15. This represents a 0.82 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.91% of the company’s stock.

Burlington Stores Stock Performance

BURL opened at $256.63 on Friday. The business’s 50-day simple moving average is $270.03 and its 200 day simple moving average is $269.80. Burlington Stores, Inc. has a 52-week low of $174.64 and a 52-week high of $298.89. The company has a debt-to-equity ratio of 1.35, a quick ratio of 0.54 and a current ratio of 1.17. The firm has a market capitalization of $16.29 billion, a PE ratio of 35.16, a PEG ratio of 1.11 and a beta of 1.62.

Burlington Stores (NYSE:BURL) last announced its quarterly earnings results on Thursday, March 6th. The company reported $4.07 earnings per share for the quarter, topping 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 firm had revenue of $3.28 billion for the quarter, compared to the consensus estimate of $3.25 billion. As a group, sell-side analysts expect that Burlington Stores, Inc. will post 7.93 earnings per share for the current fiscal year.

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.