Sheets Smith Investment Management Takes Position in Burlington Stores, Inc. (NYSE:BURL)

Sheets Smith Investment Management purchased a new stake in shares of Burlington Stores, Inc. (NYSE:BURL) during the 4th quarter, HoldingsChannel.com reports. The institutional investor purchased 3,175 shares of the company’s stock, valued at approximately $905,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. IFP Advisors Inc boosted its position in shares of Burlington Stores by 81.6% during 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. Fortitude Family Office LLC boosted its position in shares of Burlington Stores by 148.6% during the 4th quarter. Fortitude Family Office LLC now owns 92 shares of the company’s stock valued at $26,000 after acquiring an additional 55 shares during the last quarter. RPg Family Wealth Advisory LLC acquired a new position in shares of Burlington Stores during the 3rd quarter valued at about $26,000. Stonebridge Financial Group LLC acquired a new position in Burlington Stores in the fourth quarter valued at about $31,000. Finally, Brooklyn Investment Group acquired a new position in Burlington Stores in the third quarter valued at about $33,000.

Burlington Stores Stock Down 1.0 %

BURL stock opened at $234.16 on Monday. The company’s 50 day moving average price is $258.08 and its 200 day moving average price is $267.08. The company has a debt-to-equity ratio of 1.35, a quick ratio of 0.54 and a current ratio of 1.17. Burlington Stores, Inc. has a fifty-two week low of $174.64 and a fifty-two week high of $298.89. The firm has a market capitalization of $14.80 billion, a price-to-earnings ratio of 32.08, a PEG ratio of 1.11 and a beta of 1.73.

Burlington Stores (NYSE:BURL) last released 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 firm had revenue of $3.28 billion for the quarter, compared to analyst estimates of $3.25 billion. On average, equities research analysts anticipate that Burlington Stores, Inc. will post 7.93 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts have commented on the stock. UBS Group upped their target price on shares of Burlington Stores from $360.00 to $405.00 and gave the company a “buy” rating in a research report on Friday, March 7th. Evercore ISI upped 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. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $340.00 target price on shares of Burlington Stores in a research report on Thursday, March 6th. Robert W. Baird upped their target price on shares of Burlington Stores from $330.00 to $335.00 and gave the company an “outperform” rating in a research report on Friday, March 7th. Finally, TD Cowen upped their target price on shares of Burlington Stores from $334.00 to $339.00 and gave the company a “buy” rating in a research report on Thursday, December 12th. One investment analyst has rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $323.20.

Insider Buying and Selling

In related news, CMO Jennifer Vecchio sold 493 shares of the company’s 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 completion of the transaction, the chief marketing officer now directly owns 58,944 shares of the company’s stock, valued at $16,253,808. This represents a 0.83 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available 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.