Burlington Stores, Inc. (NYSE:BURL) Position Trimmed by Jennison Associates LLC

Jennison Associates LLC reduced its stake in shares of Burlington Stores, Inc. (NYSE:BURL) by 3.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 494,644 shares of the company’s stock after selling 15,430 shares during the quarter. Jennison Associates LLC owned approximately 0.78% of Burlington Stores worth $141,003,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Geode Capital Management LLC boosted its stake in shares of Burlington Stores by 1.7% during the 3rd quarter. Geode Capital Management LLC now owns 1,074,960 shares of the company’s stock valued at $282,582,000 after buying an additional 18,160 shares during the period. Massachusetts Financial Services Co. MA boosted its position in Burlington Stores by 1,048.8% during the third quarter. Massachusetts Financial Services Co. MA now owns 730,524 shares of the company’s stock valued at $192,478,000 after purchasing an additional 666,934 shares during the last quarter. Stephens Investment Management Group LLC grew its stake in Burlington Stores by 2.0% in the third quarter. Stephens Investment Management Group LLC now owns 403,981 shares of the company’s stock valued at $106,441,000 after purchasing an additional 7,859 shares in the last quarter. Artemis Investment Management LLP increased its position in Burlington Stores by 6.6% in the 4th quarter. Artemis Investment Management LLP now owns 396,938 shares of the company’s stock worth $113,151,000 after purchasing an additional 24,576 shares during the last quarter. Finally, Fred Alger Management LLC raised its stake in shares of Burlington Stores by 0.6% during the 3rd quarter. Fred Alger Management LLC now owns 250,891 shares of the company’s stock worth $66,105,000 after purchasing an additional 1,442 shares in the last quarter.

Burlington Stores Trading Down 3.3 %

Shares of Burlington Stores stock opened at $283.91 on Monday. The company has a market cap of $18.02 billion, a price-to-earnings ratio of 38.89, a PEG ratio of 1.53 and a beta of 1.62. Burlington Stores, Inc. has a 1 year low of $174.64 and a 1 year high of $298.89. The company’s fifty day simple moving average is $288.22 and its 200-day simple moving average is $270.54. The company has a current ratio of 1.17, a quick ratio of 0.54 and a debt-to-equity ratio of 1.35.

Burlington Stores (NYSE:BURL) last posted its quarterly earnings data on Tuesday, November 26th. The company reported $1.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.54 by $0.01. Burlington Stores had a net margin of 4.49% and a return on equity of 47.52%. The company had revenue of $2.53 billion for the quarter, compared to the consensus estimate of $2.55 billion. During the same quarter in the previous year, the firm posted $0.98 EPS. The business’s revenue was up 10.5% compared to the same quarter last year. As a group, sell-side analysts expect that Burlington Stores, Inc. will post 7.93 EPS for the current year.

Insider Buying and Selling at Burlington Stores

In other Burlington Stores news, CMO Jennifer Vecchio sold 494 shares of the business’s stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $284.95, for a total value of $140,765.30. Following the sale, the chief marketing officer now owns 59,437 shares of the company’s stock, valued at $16,936,573.15. The trade was a 0.82 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 0.91% of the company’s stock.

Analysts Set New Price Targets

BURL has been the subject of several recent research reports. Barclays lowered their price target on Burlington Stores from $327.00 to $317.00 and set an “overweight” rating for the company in a research note on Wednesday, November 27th. TD Cowen increased their price target on shares of Burlington Stores from $334.00 to $339.00 and gave the stock a “buy” rating in a research note on Thursday, December 12th. UBS Group raised shares of Burlington Stores from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $280.00 to $360.00 in a research note on Friday, January 10th. Morgan Stanley increased their target price on shares of Burlington Stores from $285.00 to $305.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 27th. Finally, Citigroup upped their price target on Burlington Stores from $313.00 to $344.00 and gave the stock a “buy” rating in a research note on Wednesday, November 27th. One analyst has rated the stock with a hold rating and fifteen have given a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $317.87.

Burlington Stores Company 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.