Burlington Stores, Inc. (NYSE:BURL) Shares Bought by Smartleaf Asset Management LLC

Smartleaf Asset Management LLC grew its stake in shares of Burlington Stores, Inc. (NYSE:BURL) by 48.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 186 shares of the company’s stock after purchasing an additional 61 shares during the quarter. Smartleaf Asset Management LLC’s holdings in Burlington Stores were worth $53,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of BURL. Massachusetts Financial Services Co. MA lifted its stake in shares of Burlington Stores by 1,048.8% in the third quarter. Massachusetts Financial Services Co. MA now owns 730,524 shares of the company’s stock worth $192,478,000 after acquiring an additional 666,934 shares in the last quarter. Proficio Capital Partners LLC acquired a new position in shares of Burlington Stores in the fourth quarter worth about $20,965,000. Principal Financial Group Inc. lifted its stake in shares of Burlington Stores by 35.3% in the fourth quarter. Principal Financial Group Inc. now owns 227,020 shares of the company’s stock worth $64,714,000 after acquiring an additional 59,173 shares in the last quarter. KBC Group NV lifted its stake in shares of Burlington Stores by 317.6% in the third quarter. KBC Group NV now owns 37,563 shares of the company’s stock worth $9,897,000 after acquiring an additional 28,567 shares in the last quarter. Finally, Point72 Hong Kong Ltd acquired a new stake in Burlington Stores during the third quarter valued at approximately $7,462,000.

Insider Buying and Selling

In other news, CMO Jennifer Vecchio sold 493 shares of Burlington Stores stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $275.75, for a total transaction of $135,944.75. Following the transaction, the chief marketing officer now directly owns 58,944 shares in the company, valued at approximately $16,253,808. This trade represents a 0.83 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.91% of the company’s stock.

Analyst Ratings Changes

BURL has been the topic of several research reports. UBS Group upped their price objective on Burlington Stores from $360.00 to $405.00 and gave the company a “buy” rating in a research note on Friday. TD Cowen upped their price objective on Burlington Stores from $334.00 to $339.00 and gave the company a “buy” rating in a research note on Thursday, December 12th. Robert W. Baird upped their price objective on Burlington Stores from $330.00 to $335.00 and gave the company an “outperform” rating in a research note on Friday. Morgan Stanley upped their price objective on Burlington Stores from $296.00 to $297.00 and gave the company an “overweight” rating in a research note on Friday. Finally, Barclays upped their price objective on Burlington Stores from $317.00 to $329.00 and gave the company an “overweight” rating in a research note on Friday. One analyst has rated the stock with a hold rating and fifteen have issued a buy rating to the company. According to data from MarketBeat, Burlington Stores presently has an average rating of “Moderate Buy” and an average target price of $323.20.

Burlington Stores Stock Performance

Shares of BURL stock opened at $232.23 on Tuesday. Burlington Stores, Inc. has a 12-month low of $174.64 and a 12-month high of $298.89. The firm has a market capitalization of $14.74 billion, a price-to-earnings ratio of 31.81, a price-to-earnings-growth ratio of 1.11 and a beta of 1.73. The business has a 50 day simple moving average of $268.22 and a 200 day simple moving average of $269.56. The company has a debt-to-equity ratio of 1.35, a current ratio of 1.17 and a quick ratio of 0.54.

Burlington Stores (NYSE:BURL) last issued its quarterly earnings data on Thursday, March 6th. The company reported $4.07 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to analyst estimates of $3.25 billion. On average, equities research analysts anticipate that Burlington Stores, Inc. will post 7.93 EPS for the current year.

About Burlington Stores

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.