Burlington Stores, Inc. (NYSE:BURL) Shares Sold by Blue Trust Inc.

Blue Trust Inc. decreased its holdings in shares of Burlington Stores, Inc. (NYSE:BURL) by 60.0% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 259 shares of the company’s stock after selling 388 shares during the quarter. Blue Trust Inc.’s holdings in Burlington Stores were worth $74,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in BURL. RPg Family Wealth Advisory LLC acquired a new position in shares of Burlington Stores during the 3rd quarter valued at $26,000. Fortitude Family Office LLC lifted its holdings 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 acquiring an additional 55 shares in the last quarter. Stonebridge Financial Group LLC acquired a new position in shares of Burlington Stores during the 4th quarter valued at $31,000. Brooklyn Investment Group acquired a new position in shares of Burlington Stores during the 3rd quarter valued at $33,000. Finally, MassMutual Private Wealth & Trust FSB lifted its holdings 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 valued at $49,000 after acquiring an additional 46 shares in the last quarter.

Burlington Stores Price Performance

BURL opened at $235.74 on Monday. The company has a 50-day moving average of $277.47 and a 200-day moving average of $270.90. The company has a market capitalization of $14.97 billion, a P/E ratio of 32.29, a PEG ratio of 1.11 and a beta of 1.62. Burlington Stores, Inc. has a 1-year low of $174.64 and a 1-year 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.

Burlington Stores (NYSE:BURL) last announced its quarterly earnings data on Tuesday, November 26th. The company reported $1.55 earnings per share for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $2.55 billion. During the same quarter in the prior year, the firm earned $0.98 EPS. The company’s revenue for the quarter was up 10.5% compared to the same quarter last year. Equities analysts expect that Burlington Stores, Inc. will post 7.93 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on BURL shares. Telsey Advisory Group reaffirmed an “outperform” rating and set a $310.00 price target on shares of Burlington Stores in a research note on Tuesday, November 26th. Robert W. Baird lifted their price target on shares of Burlington Stores from $315.00 to $330.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 27th. TD Cowen lifted their price target on shares of Burlington Stores from $334.00 to $339.00 and gave the stock a “buy” rating in a research note on Thursday, December 12th. Barclays dropped their price target on shares of Burlington Stores from $327.00 to $317.00 and set an “overweight” rating on the stock in a research note on Wednesday, November 27th. Finally, Evercore ISI lifted their price target on shares of Burlington Stores from $315.00 to $340.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 27th. One equities research analyst has rated the stock with a hold rating and fifteen have issued a buy rating to the company’s stock. According to MarketBeat.com, Burlington Stores currently has a consensus rating of “Moderate Buy” and an average price target of $317.87.

Insider Activity at Burlington Stores

In related news, CMO Jennifer Vecchio sold 493 shares of the business’s stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $275.75, for a total transaction of $135,944.75. Following the completion of the sale, the chief marketing officer now owns 58,944 shares of the company’s stock, valued at $16,253,808. This represents a 0.83 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders sold a total of 1,481 shares of company stock valued at $421,892 in the last quarter. 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.