Versant Capital Management Inc Boosts Stock Holdings in Burlington Stores, Inc. (NYSE:BURL)

Versant Capital Management Inc lifted its position in shares of Burlington Stores, Inc. (NYSE:BURL) by 682.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 219 shares of the company’s stock after acquiring an additional 191 shares during the period. Versant Capital Management Inc’s holdings in Burlington Stores were worth $62,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in the company. M&T Bank Corp raised its stake in shares of Burlington Stores by 1.5% in the third quarter. M&T Bank Corp now owns 3,089 shares of the company’s stock worth $813,000 after purchasing an additional 47 shares during the last quarter. Tributary Capital Management LLC raised its position in Burlington Stores by 1.0% in the 3rd quarter. Tributary Capital Management LLC now owns 4,991 shares of the company’s stock worth $1,315,000 after buying an additional 50 shares during the last quarter. Mount Lucas Management LP lifted its stake in Burlington Stores by 2.4% during the 3rd quarter. Mount Lucas Management LP now owns 2,266 shares of the company’s stock valued at $597,000 after acquiring an additional 54 shares during the period. OneDigital Investment Advisors LLC boosted its holdings in shares of Burlington Stores by 5.5% during the 3rd quarter. OneDigital Investment Advisors LLC now owns 1,027 shares of the company’s stock valued at $271,000 after acquiring an additional 54 shares during the last quarter. Finally, Cetera Investment Advisers grew its stake in shares of Burlington Stores by 0.5% in the second quarter. Cetera Investment Advisers now owns 12,340 shares of the company’s stock worth $2,962,000 after acquiring an additional 61 shares during the period.

Burlington Stores Trading Up 1.2 %

Burlington Stores stock opened at $289.16 on Monday. Burlington Stores, Inc. has a 1 year low of $174.64 and a 1 year high of $298.89. The firm’s 50 day moving average price is $277.71 and its 200-day moving average price is $263.92. The company has a debt-to-equity ratio of 1.35, a current ratio of 1.17 and a quick ratio of 0.54. The stock has a market cap of $18.36 billion, a P/E ratio of 39.61, a PEG ratio of 1.58 and a beta of 1.63.

Burlington Stores (NYSE:BURL) last announced its quarterly earnings results on Tuesday, November 26th. The company reported $1.55 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.54 by $0.01. The company had revenue of $2.53 billion for the quarter, compared to the consensus estimate of $2.55 billion. Burlington Stores had a net margin of 4.49% and a return on equity of 47.52%. Burlington Stores’s revenue for the quarter was up 10.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.98 EPS. On average, equities analysts predict that Burlington Stores, Inc. will post 7.93 earnings per share for the current fiscal year.

Insider Buying and Selling at Burlington Stores

In other Burlington Stores news, CMO Jennifer Vecchio sold 494 shares of Burlington Stores stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $293.89, for a total value of $145,181.66. Following the completion of the transaction, the chief marketing officer now directly owns 59,931 shares of the company’s stock, valued at $17,613,121.59. This trade represents a 0.82 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. 0.91% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

BURL has been the subject of a number of research analyst reports. StockNews.com downgraded shares of Burlington Stores from a “buy” rating to a “hold” rating in a research report on Wednesday, October 23rd. Barclays reduced their price objective on Burlington Stores from $327.00 to $317.00 and set an “overweight” rating for the company in a research report on Wednesday, November 27th. Morgan Stanley raised their target price on Burlington Stores from $285.00 to $305.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 27th. Evercore ISI upped their price target on shares of Burlington Stores from $315.00 to $340.00 and gave the company an “outperform” rating in a research report on Wednesday, November 27th. Finally, Telsey Advisory Group reissued an “outperform” rating and issued a $310.00 price objective on shares of Burlington Stores in a report on Tuesday, November 26th. Two analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company’s stock. According to MarketBeat, Burlington Stores currently has a consensus rating of “Moderate Buy” and a consensus target price of $308.00.

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.