American Century Companies Inc. Purchases 103,202 Shares of Burlington Stores, Inc. (NYSE:BURL)

American Century Companies Inc. raised its stake in Burlington Stores, Inc. (NYSE:BURL) by 17.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 708,120 shares of the company’s stock after purchasing an additional 103,202 shares during the quarter. American Century Companies Inc.’s holdings in Burlington Stores were worth $201,857,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Alpha DNA Investment Management LLC bought a new position in Burlington Stores in the third quarter valued at approximately $764,000. Buckingham Capital Management Inc. grew its stake in Burlington Stores by 159.0% in the fourth quarter. Buckingham Capital Management Inc. now owns 17,419 shares of the company’s stock valued at $4,965,000 after purchasing an additional 10,693 shares in the last quarter. Logan Capital Management Inc. grew its stake in Burlington Stores by 9.1% in the third 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 lifted its position in shares of Burlington Stores by 7.5% in the fourth 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 last quarter. Finally, HB Wealth Management LLC acquired a new stake in shares of Burlington Stores in the fourth quarter valued at approximately $265,000.

Insiders Place Their Bets

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 value of $135,944.75. Following the transaction, the chief marketing officer now 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 SEC, which is accessible through this hyperlink. Corporate insiders own 0.91% of the company’s stock.

Burlington Stores Price Performance

Burlington Stores stock opened at $234.16 on Friday. The stock’s fifty day moving average price is $258.08 and its two-hundred day moving average price is $267.06. Burlington Stores, Inc. has a one year low of $174.64 and a one year high of $298.89. The company has a debt-to-equity ratio of 1.35, a current ratio of 1.17 and a quick ratio of 0.54. The firm has a market cap of $14.80 billion, a PE ratio of 32.08, a price-to-earnings-growth ratio of 1.11 and a beta of 1.73.

Burlington Stores (NYSE:BURL) last posted its quarterly earnings data on Thursday, March 6th. The company reported $4.07 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 firm had revenue of $3.28 billion for the quarter, compared to analyst estimates of $3.25 billion. As a group, research analysts expect that Burlington Stores, Inc. will post 7.93 EPS for the current fiscal year.

Analyst Ratings Changes

BURL has been the subject of a number of recent analyst reports. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $340.00 price objective on shares of Burlington Stores in a research report on Thursday, March 6th. Barclays raised their price objective on Burlington Stores from $317.00 to $329.00 and gave the company an “overweight” rating in a research report on Friday, March 7th. UBS Group raised their price objective on Burlington Stores from $360.00 to $405.00 and gave the company a “buy” rating in a research report on Friday, March 7th. Citigroup cut their price objective on Burlington Stores from $344.00 to $340.00 and set a “buy” rating for the company in a research report on Friday, March 7th. Finally, Evercore ISI raised 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 analyst has rated the stock with a hold rating and fifteen have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $323.20.

Burlington Stores 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.