Tributary Capital Management LLC Raises Stock Position in Burlington Stores, Inc. (NYSE:BURL)

Tributary Capital Management LLC boosted its position in Burlington Stores, Inc. (NYSE:BURL) by 46.7% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,320 shares of the company’s stock after purchasing an additional 2,329 shares during the quarter. Tributary Capital Management LLC’s holdings in Burlington Stores were worth $2,087,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently bought and sold shares of the company. RPg Family Wealth Advisory LLC purchased a new stake in shares of Burlington Stores in the third quarter worth $26,000. Fortitude Family Office LLC increased its stake in Burlington Stores by 148.6% in the 4th quarter. Fortitude Family Office LLC now owns 92 shares of the company’s stock worth $26,000 after acquiring an additional 55 shares during the last quarter. Brooklyn Investment Group purchased a new stake in shares of Burlington Stores in the 3rd quarter valued at about $33,000. UMB Bank n.a. boosted its position in shares of Burlington Stores by 391.7% during the 3rd quarter. UMB Bank n.a. now owns 177 shares of the company’s stock valued at $47,000 after acquiring an additional 141 shares during the last quarter. Finally, MassMutual Private Wealth & Trust FSB grew its holdings in shares of Burlington Stores by 36.5% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 172 shares of the company’s stock worth $49,000 after purchasing an additional 46 shares in the last quarter.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the stock. TD Cowen raised their target price on shares of Burlington Stores from $334.00 to $339.00 and gave the company a “buy” rating in a research note on Thursday, December 12th. Barclays dropped their price objective on shares of Burlington Stores from $327.00 to $317.00 and set an “overweight” rating for the company in a report on Wednesday, November 27th. Morgan Stanley increased their target price on Burlington Stores from $285.00 to $305.00 and gave the company an “overweight” rating in a research note on Wednesday, November 27th. 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. Finally, Evercore ISI increased their price objective on Burlington Stores from $315.00 to $340.00 and gave the company an “outperform” rating in a research report on Wednesday, November 27th. One research analyst has rated the stock with a hold rating and fifteen have given a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $317.87.

Burlington Stores Stock Up 0.0 %

Shares of NYSE BURL opened at $291.94 on Friday. The firm’s fifty day moving average is $286.79 and its 200 day moving average is $268.78. Burlington Stores, Inc. has a 52 week low of $174.64 and a 52 week high of $298.89. 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 company has a market cap of $18.53 billion, a price-to-earnings ratio of 39.99, a PEG ratio of 1.55 and a beta of 1.63.

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

Insider Buying and Selling at Burlington Stores

In other Burlington Stores news, CMO Jennifer Vecchio sold 494 shares of the business’s stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $284.95, for a total transaction 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. The trade was a 0.82 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.91% of the stock is currently owned by corporate insiders.

Burlington Stores Company 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.