Park Avenue Securities LLC Acquires 349 Shares of Burlington Stores, Inc. (NYSE:BURL)

Park Avenue Securities LLC lifted its stake in shares of Burlington Stores, Inc. (NYSE:BURL) by 28.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,597 shares of the company’s stock after purchasing an additional 349 shares during the period. Park Avenue Securities LLC’s holdings in Burlington Stores were worth $455,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in BURL. Sumitomo Mitsui Trust Group Inc. increased its holdings in shares of Burlington Stores by 2.3% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 145,552 shares of the company’s stock worth $38,350,000 after buying an additional 3,246 shares during the last quarter. Alpha DNA Investment Management LLC bought a new stake in shares of Burlington Stores in the 3rd quarter worth $764,000. Logan Capital Management Inc. grew its position in Burlington Stores by 9.1% in the 3rd quarter. Logan Capital Management Inc. now owns 56,354 shares of the company’s stock worth $14,848,000 after purchasing an additional 4,695 shares during the period. Dai ichi Life Insurance Company Ltd bought a new stake in Burlington Stores during the third quarter valued at approximately $1,190,000. Finally, B. Metzler seel. Sohn & Co. Holding AG bought a new position in shares of Burlington Stores during the 3rd quarter valued at approximately $594,000.

Burlington Stores Trading Up 1.0 %

Shares of BURL stock opened at $291.71 on Friday. The company has a quick ratio of 0.54, a current ratio of 1.17 and a debt-to-equity ratio of 1.35. Burlington Stores, Inc. has a fifty-two week low of $174.64 and a fifty-two week high of $298.89. The firm’s 50 day moving average price is $286.33 and its two-hundred day moving average price is $268.41. The stock has a market cap of $18.52 billion, a price-to-earnings ratio of 39.96, a price-to-earnings-growth ratio of 1.56 and a beta of 1.63.

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

Analyst Upgrades and Downgrades

BURL has been the subject of a number of analyst reports. StockNews.com downgraded shares of Burlington Stores from a “buy” rating to a “hold” rating in a report on Wednesday, October 23rd. TD Cowen raised their price objective on Burlington Stores from $334.00 to $339.00 and gave the stock a “buy” rating in a research note on Thursday, December 12th. Robert W. Baird raised their price target 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. Evercore ISI increased their price objective on Burlington Stores from $315.00 to $340.00 and gave the company an “outperform” rating in a research note on Wednesday, November 27th. Finally, Citigroup raised their price target on shares of Burlington Stores from $313.00 to $344.00 and gave the stock a “buy” rating in a report on Wednesday, November 27th. One investment analyst has rated the stock with a hold rating and fifteen have issued a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $317.87.

Insider Activity

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

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.