Cramer Rosenthal Mcglynn LLC Sells 29,651 Shares of Burlington Stores, Inc. (NYSE:BURL)

Cramer Rosenthal Mcglynn LLC trimmed its stake in Burlington Stores, Inc. (NYSE:BURL) by 32.6% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 61,431 shares of the company’s stock after selling 29,651 shares during the period. Cramer Rosenthal Mcglynn LLC’s holdings in Burlington Stores were worth $17,512,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Argonautica Private Wealth Management Inc. raised its position in shares of Burlington Stores by 1.1% in the fourth quarter. Argonautica Private Wealth Management Inc. now owns 3,728 shares of the company’s stock valued at $1,063,000 after purchasing an additional 39 shares during the period. IFP Advisors Inc lifted its position in Burlington Stores by 81.6% during the 4th quarter. IFP Advisors Inc now owns 89 shares of the company’s stock worth $25,000 after acquiring an additional 40 shares during the last quarter. Legacy Capital Wealth Partners LLC boosted its holdings in Burlington Stores by 4.2% during the fourth quarter. Legacy Capital Wealth Partners LLC now owns 1,051 shares of the company’s stock valued at $300,000 after acquiring an additional 42 shares during the period. MassMutual Private Wealth & Trust FSB grew its position in shares of Burlington Stores by 36.5% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 172 shares of the company’s stock valued at $49,000 after purchasing an additional 46 shares during the last quarter. Finally, SRS Capital Advisors Inc. increased its stake in shares of Burlington Stores by 21.7% in the fourth quarter. SRS Capital Advisors Inc. now owns 269 shares of the company’s stock worth $77,000 after purchasing an additional 48 shares during the period.

Wall Street Analysts Forecast Growth

BURL has been the topic of several recent analyst reports. Citigroup dropped their price target on Burlington Stores from $344.00 to $340.00 and set a “buy” rating on the stock in a research report on Friday, March 7th. JPMorgan Chase & Co. reduced their price target on shares of Burlington Stores from $336.00 to $287.00 and set an “overweight” rating for the company in a report on Monday. UBS Group upped their price objective 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. 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. Finally, Barclays lifted their price objective on Burlington Stores from $317.00 to $329.00 and gave the stock an “overweight” rating in a report 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 data from MarketBeat, Burlington Stores has a consensus rating of “Moderate Buy” and an average target price of $323.13.

Insider Activity

In related news, CMO Jennifer Vecchio sold 4,939 shares of the business’s stock in a transaction that occurred on 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 of the company’s stock, valued at $16,797,239.64. The trade was a 6.59 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Insiders own 1.10% of the company’s stock.

Burlington Stores Price Performance

Shares of BURL stock opened at $226.67 on Friday. Burlington Stores, Inc. has a 52 week low of $174.64 and a 52 week high of $298.89. The stock has a market capitalization of $14.28 billion, a PE ratio of 31.05, a PEG ratio of 1.11 and a beta of 1.65. The company has a debt-to-equity ratio of 1.35, a quick ratio of 0.54 and a current ratio of 1.17. The stock’s fifty day moving average is $239.48 and its 200-day moving average is $262.52.

Burlington Stores (NYSE:BURL) last posted its quarterly earnings data on Thursday, March 6th. The company reported $4.07 earnings per share for the quarter, beating the consensus estimate 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 during the quarter, compared to analysts’ expectations of $3.25 billion. Equities research analysts expect that Burlington Stores, Inc. will post 7.93 EPS for the current fiscal year.

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.