Atria Investments Inc Trims Stock Position in Burlington Stores, Inc. (NYSE:BURL)

Atria Investments Inc trimmed its holdings in shares of Burlington Stores, Inc. (NYSE:BURL) by 11.5% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,724 shares of the company’s stock after selling 225 shares during the period. Atria Investments Inc’s holdings in Burlington Stores were worth $491,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the business. Assetmark Inc. raised its stake in shares of Burlington Stores by 9.9% during the 4th quarter. Assetmark Inc. now owns 712 shares of the company’s stock worth $203,000 after buying an additional 64 shares in the last quarter. Victory Capital Management Inc. raised its stake in shares of Burlington Stores by 52.7% during the 4th quarter. Victory Capital Management Inc. now owns 222,151 shares of the company’s stock worth $63,326,000 after buying an additional 76,684 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of Burlington Stores by 0.3% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 395,950 shares of the company’s stock worth $112,870,000 after buying an additional 1,368 shares in the last quarter. Steward Partners Investment Advisory LLC raised its stake in shares of Burlington Stores by 34.9% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 290 shares of the company’s stock worth $83,000 after buying an additional 75 shares in the last quarter. Finally, Plato Investment Management Ltd raised its stake in shares of Burlington Stores by 9.0% during the 4th quarter. Plato Investment Management Ltd now owns 4,630 shares of the company’s stock worth $1,325,000 after buying an additional 384 shares in the last quarter.

Burlington Stores Price Performance

BURL stock opened at $228.52 on Friday. Burlington Stores, Inc. has a 52-week low of $174.64 and a 52-week high of $298.89. The stock’s fifty day simple moving average is $263.00 and its 200-day simple moving average is $268.17. The company has a quick ratio of 0.54, a current ratio of 1.17 and a debt-to-equity ratio of 1.35. The stock has a market capitalization of $14.51 billion, a price-to-earnings ratio of 31.30, a price-to-earnings-growth ratio of 1.11 and a beta of 1.73.

Burlington Stores (NYSE:BURL) last posted its quarterly earnings data on Thursday, March 6th. The company reported $4.07 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.75 by $0.32. Burlington Stores had a return on equity of 47.52% and a net margin of 4.49%. The business had revenue of $3.28 billion for the quarter, compared to analysts’ expectations of $3.25 billion. Equities research analysts expect that Burlington Stores, Inc. will post 7.93 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the company. Robert W. Baird upped their price target on Burlington Stores from $330.00 to $335.00 and gave the stock an “outperform” rating in a report on Friday, March 7th. Morgan Stanley upped their price target on Burlington Stores from $296.00 to $297.00 and gave the stock an “overweight” rating in a report on Friday, March 7th. Telsey Advisory Group restated an “outperform” rating and issued a $340.00 price target on shares of Burlington Stores in a report on Thursday, March 6th. Evercore ISI upped their price target on Burlington Stores from $315.00 to $340.00 and gave the stock an “outperform” rating in a report on Wednesday, November 27th. Finally, UBS Group upped their price target on Burlington Stores from $360.00 to $405.00 and gave the stock a “buy” rating in a report on Friday, March 7th. One analyst has rated the stock with a hold rating and fifteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $323.20.

Insider Transactions at Burlington Stores

In related news, CMO Jennifer Vecchio sold 494 shares of the 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 transaction, 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 sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 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.