Choreo LLC Cuts Holdings in Burlington Stores, Inc. (NYSE:BURL)

Choreo LLC decreased its position in Burlington Stores, Inc. (NYSE:BURL) by 13.0% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,346 shares of the company’s stock after selling 201 shares during the period. Choreo LLC’s holdings in Burlington Stores were worth $383,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently modified their holdings of the company. MassMutual Private Wealth & Trust FSB raised its stake in shares of Burlington Stores by 36.5% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 172 shares of the company’s stock worth $49,000 after purchasing an additional 46 shares during the period. M&T Bank Corp increased its holdings in Burlington Stores by 1.5% during the third quarter. M&T Bank Corp now owns 3,089 shares of the company’s stock worth $813,000 after buying an additional 47 shares during the last quarter. Tributary Capital Management LLC raised its position in Burlington Stores by 1.0% in the third quarter. Tributary Capital Management LLC now owns 4,991 shares of the company’s stock worth $1,315,000 after acquiring an additional 50 shares during the period. Mount Lucas Management LP grew its position in shares of 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. Finally, OneDigital Investment Advisors LLC increased its stake 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 worth $271,000 after purchasing an additional 54 shares during the last quarter.

Burlington Stores Stock Down 1.9 %

Shares of NYSE:BURL opened at $250.23 on Thursday. The company has a current ratio of 1.17, a quick ratio of 0.54 and a debt-to-equity ratio of 1.35. The stock has a fifty day simple moving average of $284.17 and a two-hundred day simple moving average of $271.18. Burlington Stores, Inc. has a 12-month low of $174.64 and a 12-month high of $298.89. The stock has a market capitalization of $15.88 billion, a price-to-earnings ratio of 34.28, a PEG ratio of 1.24 and a beta of 1.62.

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

Insider Transactions at Burlington Stores

In other Burlington Stores news, CMO Jennifer Vecchio sold 493 shares of the business’s stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $275.75, for a total value of $135,944.75. Following the completion of the transaction, the chief marketing officer now owns 58,944 shares of the company’s stock, valued at approximately $16,253,808. The trade was a 0.83 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Over the last 90 days, insiders have sold 1,481 shares of company stock worth $421,892. Corporate insiders own 0.91% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the company. Barclays cut their price target on Burlington Stores from $327.00 to $317.00 and set an “overweight” rating for the company in a research note on Wednesday, November 27th. UBS Group upgraded shares of Burlington Stores from a “neutral” rating to a “buy” rating and upped their price target for the company from $280.00 to $360.00 in a research note on Friday, January 10th. TD Cowen boosted their target price on shares of Burlington Stores from $334.00 to $339.00 and gave the company a “buy” rating in a report on Thursday, December 12th. Citigroup raised their price target on Burlington Stores from $313.00 to $344.00 and gave the stock a “buy” rating in a report on Wednesday, November 27th. Finally, StockNews.com lowered Burlington Stores from a “buy” rating to a “hold” rating in a research note on Wednesday, October 23rd. One equities research analyst has rated the stock with a hold rating and fifteen have given a buy rating to the company. According to MarketBeat.com, Burlington Stores has an average rating of “Moderate Buy” and a consensus target price of $317.87.

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.