Burlington Stores, Inc. (NYSE:BURL) Shares Sold by Prudential Financial Inc.

Prudential Financial Inc. decreased its position in shares of Burlington Stores, Inc. (NYSE:BURL) by 86.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 5,210 shares of the company’s stock after selling 33,858 shares during the quarter. Prudential Financial Inc.’s holdings in Burlington Stores were worth $1,485,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Sheets Smith Investment Management acquired a new stake in Burlington Stores during the 4th quarter valued at approximately $905,000. Emerald Advisers LLC lifted its position in Burlington Stores by 60.6% during the fourth quarter. Emerald Advisers LLC now owns 2,244 shares of the company’s stock valued at $640,000 after purchasing an additional 847 shares during the period. Stevens Capital Management LP purchased a new stake in Burlington Stores in the fourth quarter valued at $536,000. LPL Financial LLC grew its position in Burlington Stores by 18.6% during the 4th quarter. LPL Financial LLC now owns 19,567 shares of the company’s stock worth $5,648,000 after purchasing an additional 3,071 shares during the period. Finally, KLP Kapitalforvaltning AS purchased a new position in shares of Burlington Stores during the 4th quarter valued at about $6,556,000.

Analysts Set New Price Targets

A number of analysts have recently commented on BURL shares. UBS Group upped their target price on Burlington Stores from $360.00 to $405.00 and gave the stock a “buy” rating in a research note on Friday, March 7th. Citigroup lowered their price objective on Burlington Stores from $344.00 to $340.00 and set a “buy” rating on the stock in a research report on Friday, March 7th. Morgan Stanley raised their price objective on shares of Burlington Stores from $296.00 to $297.00 and gave the stock an “overweight” rating in a research note on Friday, March 7th. Telsey Advisory Group reissued an “outperform” rating and set a $340.00 price target on shares of Burlington Stores in a report on Thursday, March 6th. Finally, Barclays lifted their price objective on shares of Burlington Stores from $317.00 to $329.00 and gave the company an “overweight” rating in a report on Friday, March 7th. One equities research analyst has rated the stock with a hold rating and fifteen have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $323.20.

Insiders Place Their Bets

In other Burlington Stores news, CMO Jennifer Vecchio sold 493 shares of the firm’s stock in a transaction on 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 sale, the chief marketing officer now directly owns 58,944 shares of the company’s stock, valued at $16,253,808. This trade represents a 0.83 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.91% of the company’s stock.

Burlington Stores Stock Down 2.2 %

NYSE BURL opened at $230.52 on Friday. The business has a fifty day moving average price of $248.86 and a 200 day moving average price of $265.27. The company has a debt-to-equity ratio of 1.35, a quick ratio of 0.54 and a current ratio of 1.17. The company has a market cap of $14.57 billion, a P/E ratio of 31.58, a P/E/G ratio of 1.11 and a beta of 1.73. Burlington Stores, Inc. has a one year low of $174.64 and a one year high of $298.89.

Burlington Stores (NYSE:BURL) last issued its earnings results on Thursday, March 6th. The company reported $4.07 EPS for the quarter, beating analysts’ consensus estimates of $3.75 by $0.32. The business had revenue of $3.28 billion during the quarter, compared to analysts’ expectations of $3.25 billion. Burlington Stores had a net margin of 4.49% and a return on equity of 47.52%. Research analysts anticipate that Burlington Stores, Inc. will post 7.93 EPS for the current fiscal year.

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.