Burlington Stores, Inc. (NYSE:BURL) Shares Sold by Vestcor Inc

Vestcor Inc lowered its holdings in shares of Burlington Stores, Inc. (NYSE:BURL) by 57.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 13,908 shares of the company’s stock after selling 19,006 shares during the period. Vestcor Inc’s holdings in Burlington Stores were worth $3,965,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Argonautica Private Wealth Management Inc. grew its stake in Burlington Stores by 1.1% during the fourth quarter. Argonautica Private Wealth Management Inc. now owns 3,728 shares of the company’s stock worth $1,063,000 after buying an additional 39 shares during the period. IFP Advisors Inc grew its stake in Burlington Stores by 81.6% during the fourth quarter. IFP Advisors Inc now owns 89 shares of the company’s stock worth $25,000 after buying an additional 40 shares during the period. Legacy Capital Wealth Partners LLC grew its stake 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 worth $300,000 after buying an additional 42 shares during the period. MassMutual Private Wealth & Trust FSB grew its stake in Burlington Stores by 36.5% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 172 shares of the company’s stock worth $49,000 after buying an additional 46 shares during the period. Finally, M&T Bank Corp grew its stake in Burlington Stores by 1.5% during the third quarter. M&T Bank Corp now owns 3,089 shares of the company’s stock worth $813,000 after buying an additional 47 shares during the period.

Burlington Stores Stock Down 6.2 %

Shares of NYSE:BURL opened at $228.24 on Friday. The stock has a market capitalization of $14.49 billion, a price-to-earnings ratio of 31.27, a price-to-earnings-growth ratio of 1.11 and a beta of 1.73. Burlington Stores, Inc. has a 1-year low of $174.64 and a 1-year high of $298.89. The company’s fifty day moving average is $265.36 and its two-hundred day moving average is $268.85. 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 (NYSE:BURL) last released its quarterly earnings results on Thursday, March 6th. The company reported $4.07 EPS for the quarter, topping the consensus estimate of $3.75 by $0.32. The business had revenue of $3.28 billion during the quarter, compared to analyst estimates of $3.25 billion. Burlington Stores had a net margin of 4.49% and a return on equity of 47.52%. Equities analysts anticipate that Burlington Stores, Inc. will post 7.93 EPS for the current year.

Analysts Set New Price Targets

BURL has been the topic of a number of recent research reports. TD Cowen boosted their target price on shares of Burlington Stores from $334.00 to $339.00 and gave the stock a “buy” rating in a research report on Thursday, December 12th. Robert W. Baird boosted their target price on shares of Burlington Stores from $330.00 to $335.00 and gave the stock an “outperform” rating in a research report on Friday, March 7th. Telsey Advisory Group reissued an “outperform” rating and set a $340.00 target price on shares of Burlington Stores in a research report on Thursday, March 6th. Evercore ISI boosted their target price on shares of Burlington Stores from $315.00 to $340.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 27th. Finally, UBS Group boosted their target price on shares of Burlington Stores from $360.00 to $405.00 and gave the stock a “buy” 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’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $323.20.

Insider Buying and Selling at Burlington Stores

In other news, CMO Jennifer Vecchio sold 494 shares of the stock in a transaction that occurred 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 completion of the sale, the chief marketing officer now directly owns 59,437 shares of the company’s stock, valued at $16,936,573.15. This represents a 0.82 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.91% of the company’s stock.

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.