Sequoia Financial Advisors LLC Sells 505 Shares of Burlington Stores, Inc. (NYSE:BURL)

Sequoia Financial Advisors LLC trimmed its stake in Burlington Stores, Inc. (NYSE:BURL) by 19.0% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,157 shares of the company’s stock after selling 505 shares during the period. Sequoia Financial Advisors LLC’s holdings in Burlington Stores were worth $615,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of BURL. Massachusetts Financial Services Co. MA grew its position in Burlington Stores by 1,048.8% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 730,524 shares of the company’s stock worth $192,478,000 after purchasing an additional 666,934 shares during the last quarter. Victory Capital Management Inc. grew its position in Burlington Stores by 52.7% in the 4th quarter. Victory Capital Management Inc. now owns 222,151 shares of the company’s stock worth $63,326,000 after purchasing an additional 76,684 shares during the last quarter. Proficio Capital Partners LLC acquired a new stake in Burlington Stores in the 4th quarter worth $20,965,000. Raymond James Financial Inc. acquired a new stake in Burlington Stores in the 4th quarter worth $17,330,000. Finally, Principal Financial Group Inc. grew its position in Burlington Stores by 35.3% in the 4th quarter. Principal Financial Group Inc. now owns 227,020 shares of the company’s stock worth $64,714,000 after purchasing an additional 59,173 shares during the last quarter.

Burlington Stores Trading Up 2.7 %

Shares of BURL stock opened at $234.75 on Tuesday. Burlington Stores, Inc. has a 12-month low of $174.64 and a 12-month high of $298.89. The company has a market capitalization of $14.90 billion, a P/E ratio of 32.16, a P/E/G ratio of 1.11 and a beta of 1.73. 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 firm has a 50-day moving average price of $261.89 and a 200 day moving average price of $267.91.

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

Analyst Ratings Changes

Several analysts have issued reports on BURL shares. TD Cowen raised their price target on shares of Burlington Stores from $334.00 to $339.00 and gave the stock a “buy” rating in a research report on Thursday, December 12th. Telsey Advisory Group reiterated an “outperform” rating and set a $340.00 target price on shares of Burlington Stores in a research report on Thursday, March 6th. Citigroup decreased their target price on shares of Burlington Stores from $344.00 to $340.00 and set a “buy” rating on the stock in a research report on Friday, March 7th. Evercore ISI lifted their target price on shares of Burlington Stores from $315.00 to $340.00 and gave the company an “outperform” rating in a research report on Wednesday, November 27th. Finally, Barclays lifted their target price on shares of Burlington Stores from $317.00 to $329.00 and gave the company an “overweight” rating in a research report on Friday, March 7th. One investment 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 company has an average rating of “Moderate Buy” and an average target price of $323.20.

Insiders Place Their Bets

In other Burlington Stores 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 value of $135,944.75. Following the completion of the transaction, the chief marketing officer now directly owns 58,944 shares of the company’s stock, valued at approximately $16,253,808. The trade was a 0.83 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 0.91% of the company’s stock.

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.