3,064 Shares in Burlington Stores, Inc. (NYSE:BURL) Purchased by Independent Advisor Alliance

Independent Advisor Alliance bought a new position in shares of Burlington Stores, Inc. (NYSE:BURL) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 3,064 shares of the company’s stock, valued at approximately $873,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Massachusetts Financial Services Co. MA raised its position in Burlington Stores by 1,048.8% during the 3rd 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 in the last quarter. Victory Capital Management Inc. lifted its stake in Burlington Stores by 52.7% in the fourth quarter. Victory Capital Management Inc. now owns 222,151 shares of the company’s stock worth $63,326,000 after acquiring an additional 76,684 shares during the period. Proficio Capital Partners LLC bought a new position in Burlington Stores during the 4th quarter worth about $20,965,000. Raymond James Financial Inc. purchased a new position in Burlington Stores during the 4th quarter valued at about $17,330,000. Finally, Principal Financial Group Inc. raised its holdings in shares of Burlington Stores by 35.3% in the 4th quarter. Principal Financial Group Inc. now owns 227,020 shares of the company’s stock valued at $64,714,000 after purchasing an additional 59,173 shares in the last quarter.

Analyst Ratings Changes

BURL has been the topic of a number of recent research reports. Barclays increased their price objective 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. Robert W. Baird boosted their price target on 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 reaffirmed an “outperform” rating and set a $340.00 price objective 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 report on Wednesday, November 27th. Finally, TD Cowen raised their price target on shares of Burlington Stores from $334.00 to $339.00 and gave the company a “buy” rating in a report on Thursday, December 12th. One investment 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, Burlington Stores has a consensus rating of “Moderate Buy” and an average target price of $323.20.

Burlington Stores Price Performance

Shares of NYSE BURL opened at $228.52 on Friday. Burlington Stores, Inc. has a 52 week low of $174.64 and a 52 week high of $298.89. The business’s 50 day moving average price is $263.00 and its 200 day moving average price is $268.17. The company has a quick ratio of 0.54, a current ratio of 1.17 and a debt-to-equity ratio of 1.35. The firm has a market cap of $14.51 billion, a P/E ratio of 31.30, a P/E/G ratio of 1.11 and a beta of 1.73.

Burlington Stores (NYSE:BURL) last released its quarterly earnings data on Thursday, March 6th. The company reported $4.07 EPS 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 business had revenue of $3.28 billion for the quarter, compared to the consensus estimate of $3.25 billion. On average, sell-side analysts expect that Burlington Stores, Inc. will post 7.93 earnings per share for the current year.

Insiders Place Their Bets

In other Burlington Stores news, CMO Jennifer Vecchio sold 493 shares of the company’s stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $275.75, for a total value of $135,944.75. Following the sale, the chief marketing officer now owns 58,944 shares in the company, valued at approximately $16,253,808. This represents a 0.83 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. 0.91% of the stock is owned by insiders.

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.