Intech Investment Management LLC Grows Stake in Burlington Stores, Inc. (NYSE:BURL)

Intech Investment Management LLC grew its holdings in Burlington Stores, Inc. (NYSE:BURL) by 67.0% during the fourth quarter, HoldingsChannel reports. The fund owned 7,715 shares of the company’s stock after purchasing an additional 3,094 shares during the period. Intech Investment Management LLC’s holdings in Burlington Stores were worth $2,199,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in BURL. IFP Advisors Inc increased its holdings in shares of Burlington Stores by 81.6% in the 4th quarter. IFP Advisors Inc now owns 89 shares of the company’s stock valued at $25,000 after acquiring an additional 40 shares during the last quarter. RPg Family Wealth Advisory LLC purchased a new position in Burlington Stores during the 3rd quarter worth approximately $26,000. Fortitude Family Office LLC grew its stake in Burlington Stores by 148.6% during the 4th quarter. Fortitude Family Office LLC now owns 92 shares of the company’s stock worth $26,000 after buying an additional 55 shares during the last quarter. Stonebridge Financial Group LLC purchased a new position in Burlington Stores during the 4th quarter worth approximately $31,000. Finally, Brooklyn Investment Group purchased a new position in Burlington Stores during the 3rd quarter worth approximately $33,000.

Burlington Stores Stock Down 3.3 %

Burlington Stores stock opened at $236.49 on Friday. 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, Inc. has a 1-year low of $174.64 and a 1-year high of $298.89. The company has a market cap of $15.01 billion, a PE ratio of 32.40, a price-to-earnings-growth ratio of 1.11 and a beta of 1.73. The stock’s 50 day moving average price is $259.14 and its 200 day moving average price is $267.29.

Burlington Stores (NYSE:BURL) last posted its quarterly earnings results on Thursday, March 6th. The company reported $4.07 earnings per share for the quarter, beating 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 firm had revenue of $3.28 billion for the quarter, compared to the consensus estimate of $3.25 billion. On average, sell-side analysts predict that Burlington Stores, Inc. will post 7.93 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research analysts recently issued reports on the company. Telsey Advisory Group restated an “outperform” rating and set a $340.00 price target on shares of Burlington Stores in a research note on Thursday, March 6th. Robert W. Baird raised their price target on Burlington Stores from $330.00 to $335.00 and gave the stock an “outperform” rating in a research note on Friday, March 7th. TD Cowen raised their price target on Burlington Stores from $334.00 to $339.00 and gave the stock a “buy” rating in a research note on Thursday, December 12th. Morgan Stanley raised their price target on Burlington Stores from $296.00 to $297.00 and gave the stock an “overweight” rating in a research note on Friday, March 7th. Finally, Citigroup dropped their price target on Burlington Stores from $344.00 to $340.00 and set a “buy” rating on the stock in a research note on Friday, March 7th. One investment analyst has rated the stock with a hold rating and fifteen have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $323.20.

Insider Activity at Burlington Stores

In related news, CMO Jennifer Vecchio sold 493 shares of Burlington Stores stock in a transaction that occurred 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 sale, the chief marketing officer now directly owns 58,944 shares in the company, valued at $16,253,808. The trade was a 0.83 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.91% of the company’s stock.

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.