Envestnet Asset Management Inc. Sells 1,694 Shares of Burlington Stores, Inc. (NYSE:BURL)

Envestnet Asset Management Inc. trimmed its position in shares of Burlington Stores, Inc. (NYSE:BURL) by 1.5% during the 4th quarter, HoldingsChannel.com reports. The firm owned 115,065 shares of the company’s stock after selling 1,694 shares during the period. Envestnet Asset Management Inc.’s holdings in Burlington Stores were worth $32,800,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Norges Bank bought a new position in Burlington Stores in the 4th quarter valued at approximately $227,268,000. Massachusetts Financial Services Co. MA increased its holdings in Burlington Stores by 30.8% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 955,648 shares of the company’s stock worth $272,417,000 after buying an additional 225,124 shares in the last quarter. Arrowstreet Capital Limited Partnership raised its position in Burlington Stores by 38.6% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 506,170 shares of the company’s stock worth $144,289,000 after buying an additional 141,020 shares during the last quarter. American Century Companies Inc. raised its holdings in shares of Burlington Stores by 17.1% during the fourth quarter. American Century Companies Inc. now owns 708,120 shares of the company’s stock valued at $201,857,000 after purchasing an additional 103,202 shares during the last quarter. Finally, Victory Capital Management Inc. lifted its position in Burlington Stores by 52.7% during the fourth quarter. Victory Capital Management Inc. now owns 222,151 shares of the company’s stock valued at $63,326,000 after purchasing an additional 76,684 shares during the period.

Insider Buying and Selling at Burlington Stores

In other news, CMO Jennifer Vecchio sold 4,939 shares of the company’s stock in a transaction that occurred on Thursday, March 20th. The stock was sold at an average price of $239.94, for a total transaction of $1,185,063.66. Following the sale, the chief marketing officer now directly owns 70,006 shares of the company’s stock, valued at $16,797,239.64. This represents a 6.59 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.91% of the stock is currently owned by company insiders.

Burlington Stores Trading Down 1.2 %

Shares of BURL opened at $240.59 on Friday. Burlington Stores, Inc. has a 1 year low of $174.64 and a 1 year high of $298.89. The company has a 50 day simple moving average of $241.92 and a two-hundred day simple moving average of $263.46. 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 $15.21 billion, a P/E ratio of 32.96, a price-to-earnings-growth ratio of 1.11 and a beta of 1.65.

Burlington Stores (NYSE:BURL) last issued its quarterly earnings data 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. The firm had revenue of $3.28 billion during the quarter, compared to analyst estimates of $3.25 billion. Burlington Stores had a return on equity of 47.52% and a net margin of 4.49%. On average, equities analysts expect that Burlington Stores, Inc. will post 7.93 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on BURL shares. Barclays boosted their target price on shares of Burlington Stores from $317.00 to $329.00 and gave the company an “overweight” rating in a research note on Friday, March 7th. Morgan Stanley boosted their price target on Burlington Stores from $296.00 to $297.00 and gave the company an “overweight” rating in a research note on Friday, March 7th. Robert W. Baird increased their price objective 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. Telsey Advisory Group reiterated an “outperform” rating and set a $340.00 price target on shares of Burlington Stores in a research note on Thursday, March 6th. Finally, Citigroup reduced their price objective on Burlington Stores from $344.00 to $340.00 and set a “buy” rating for the company in a research note 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 data from MarketBeat.com, the company has an average 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.