Capital International Investors Acquires 367,703 Shares of Burlington Stores, Inc. (NYSE:BURL)

Capital International Investors lifted its stake in Burlington Stores, Inc. (NYSE:BURL) by 7.7% in the fourth quarter, Holdings Channel.com reports. The fund owned 5,160,096 shares of the company’s stock after purchasing an additional 367,703 shares during the period. Capital International Investors owned approximately 0.08% of Burlington Stores worth $1,470,929,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently made changes to their positions in the stock. IFP Advisors Inc boosted its stake in Burlington Stores by 81.6% in the 4th quarter. IFP Advisors Inc now owns 89 shares of the company’s stock worth $25,000 after purchasing an additional 40 shares during the period. Fortitude Family Office LLC boosted its position in shares of Burlington Stores by 148.6% in the fourth 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 period. Stonebridge Financial Group LLC purchased a new position in Burlington Stores during the fourth quarter valued at approximately $31,000. Farther Finance Advisors LLC increased its holdings in Burlington Stores by 104.5% during the 4th quarter. Farther Finance Advisors LLC now owns 135 shares of the company’s stock worth $38,000 after acquiring an additional 69 shares during the period. Finally, Parkside Financial Bank & Trust lifted its stake in Burlington Stores by 157.1% in the 4th quarter. Parkside Financial Bank & Trust now owns 144 shares of the company’s stock worth $41,000 after purchasing an additional 88 shares in the last quarter.

Analyst Ratings Changes

BURL has been the subject of a number of recent analyst reports. Telsey Advisory Group restated an “outperform” rating and set a $340.00 price target on shares of Burlington Stores in a research report on Thursday, March 6th. UBS Group upped their target price on Burlington Stores from $360.00 to $405.00 and gave the stock a “buy” rating in a research note on Friday, March 7th. Citigroup dropped their price target 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. JPMorgan Chase & Co. decreased their price objective on shares of Burlington Stores from $336.00 to $287.00 and set an “overweight” rating on the stock in a research report on Monday. Finally, Robert W. Baird lifted 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. One analyst has rated the stock with a hold rating and fifteen have issued a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $323.13.

Burlington Stores Trading Up 0.2 %

Shares of BURL stock opened at $226.67 on Friday. The business has a 50-day moving average of $239.48 and a 200 day moving average of $262.52. 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 stock has a market capitalization of $14.28 billion, a PE ratio of 31.05, a P/E/G ratio of 1.11 and a beta of 1.65.

Burlington Stores (NYSE:BURL) last released 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. 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 during the quarter, compared to analyst estimates of $3.25 billion. As a group, sell-side analysts anticipate that Burlington Stores, Inc. will post 7.93 earnings per share for the current year.

Insider Buying and Selling at Burlington Stores

In other news, CMO Jennifer Vecchio sold 4,939 shares of the stock in a transaction dated Thursday, March 20th. The shares were sold at an average price of $239.94, for a total transaction of $1,185,063.66. Following the completion of the sale, the chief marketing officer now directly owns 70,006 shares in the company, valued at approximately $16,797,239.64. This represents a 6.59 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 1.10% 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.