Argentarii LLC Buys Shares of 1,691 Burlington Stores, Inc. (NYSE:BURL)

Argentarii LLC bought a new stake in shares of Burlington Stores, Inc. (NYSE:BURL) during the 4th quarter, Holdings Channel reports. The firm bought 1,691 shares of the company’s stock, valued at approximately $482,000.

Several other hedge funds and other institutional investors have also bought and sold shares of BURL. IFP Advisors Inc increased its position in shares of Burlington Stores by 81.6% during the 4th quarter. IFP Advisors Inc now owns 89 shares of the company’s stock valued at $25,000 after purchasing an additional 40 shares during the last quarter. RPg Family Wealth Advisory LLC purchased a new stake in shares of Burlington Stores during the 3rd quarter valued at about $26,000. Fortitude Family Office LLC increased its position in shares of Burlington Stores by 148.6% during the 4th 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. Stonebridge Financial Group LLC purchased a new stake in shares of Burlington Stores during the 4th quarter valued at about $31,000. Finally, Brooklyn Investment Group purchased a new stake in shares of Burlington Stores during the 3rd quarter valued at about $33,000.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the stock. Robert W. Baird increased their target price on shares of Burlington Stores from $330.00 to $335.00 and gave the stock an “outperform” rating in a report on Friday. Barclays increased their target price on shares of Burlington Stores from $317.00 to $329.00 and gave the stock an “overweight” rating in a report on Friday. Evercore ISI increased their target price on shares of Burlington Stores from $315.00 to $340.00 and gave the stock an “outperform” rating in a report on Wednesday, November 27th. UBS Group increased their target price on shares of Burlington Stores from $360.00 to $405.00 and gave the stock a “buy” rating in a report on Friday. Finally, Citigroup reduced their target price on shares of Burlington Stores from $344.00 to $340.00 and set a “buy” rating for the company in a report on Friday. One equities research analyst has rated the stock with a hold rating and fifteen have given a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $323.20.

Insider Activity

In related news, CMO Jennifer Vecchio sold 494 shares of the firm’s 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 sale, the chief marketing officer now directly owns 59,437 shares in the company, valued at $16,936,573.15. This trade represents a 0.82 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.91% of the company’s stock.

Burlington Stores Stock Down 6.9 %

NYSE BURL opened at $239.98 on Friday. 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 company has a market capitalization of $15.23 billion, a P/E ratio of 32.87, a P/E/G ratio of 1.11 and a beta of 1.73. Burlington Stores, Inc. has a one year low of $174.64 and a one year high of $298.89. The stock has a 50 day moving average price of $268.22 and a 200-day moving average price of $269.58.

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

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.