Vinva Investment Management Ltd Has $749,000 Stock Holdings in Burlington Stores, Inc. (NYSE:BURL)

Vinva Investment Management Ltd trimmed its stake in Burlington Stores, Inc. (NYSE:BURL) by 83.9% in the fourth quarter, HoldingsChannel reports. The firm owned 2,630 shares of the company’s stock after selling 13,673 shares during the period. Vinva Investment Management Ltd’s holdings in Burlington Stores were worth $749,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in BURL. Alpha DNA Investment Management LLC purchased a new position in Burlington Stores during the third quarter worth about $764,000. Buckingham Capital Management Inc. increased its holdings in shares of Burlington Stores by 159.0% in the 4th quarter. Buckingham Capital Management Inc. now owns 17,419 shares of the company’s stock worth $4,965,000 after buying an additional 10,693 shares during the last quarter. Logan Capital Management Inc. boosted its stake in shares of Burlington Stores by 9.1% in the 3rd quarter. Logan Capital Management Inc. now owns 56,354 shares of the company’s stock valued at $14,848,000 after purchasing an additional 4,695 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its position in Burlington Stores by 7.5% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 378,921 shares of the company’s stock valued at $108,292,000 after buying an additional 26,412 shares during the period. Finally, HB Wealth Management LLC purchased a new stake in shares of Burlington Stores in the 4th quarter worth about $265,000.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the stock. Citigroup dropped their target price on shares of Burlington Stores from $344.00 to $340.00 and set a “buy” rating for the company in a research report on Friday, March 7th. UBS Group increased their price target on shares of Burlington Stores from $360.00 to $405.00 and gave the stock a “buy” rating in a research note on Friday, March 7th. Robert W. Baird increased their price target on shares of Burlington Stores from $330.00 to $335.00 and gave the stock an “outperform” rating in a research note on Friday, March 7th. Barclays increased their price target on shares of Burlington Stores from $317.00 to $329.00 and gave the stock an “overweight” rating in a research note on Friday, March 7th. Finally, Morgan Stanley raised their price objective on shares of Burlington Stores from $296.00 to $297.00 and gave the company an “overweight” rating in a research note on Friday, March 7th. One research analyst has rated the stock with a hold rating and fifteen have given a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $323.20.

Burlington Stores Stock Performance

Shares of NYSE BURL opened at $236.49 on Friday. The firm’s 50-day moving average price is $259.14 and its 200-day moving average price is $267.29. 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 $15.01 billion, a PE ratio of 32.40, a PEG ratio of 1.11 and a beta of 1.73. Burlington Stores, Inc. has a 52-week low of $174.64 and a 52-week high of $298.89.

Burlington Stores (NYSE:BURL) last posted 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. The company had revenue of $3.28 billion for the quarter, compared to the consensus estimate of $3.25 billion. Burlington Stores had a net margin of 4.49% and a return on equity of 47.52%. As a group, analysts anticipate that Burlington Stores, Inc. will post 7.93 EPS for the current year.

Insider Buying and Selling at Burlington Stores

In other Burlington Stores news, CMO Jennifer Vecchio sold 494 shares of Burlington Stores stock in a transaction that occurred 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 owns 59,437 shares of the company’s stock, valued at $16,936,573.15. The trade was a 0.82 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 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.