1,829 Shares in Burlington Stores, Inc. (NYSE:BURL) Acquired by Kestra Investment Management LLC

Kestra Investment Management LLC bought a new position in shares of Burlington Stores, Inc. (NYSE:BURL) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 1,829 shares of the company’s stock, valued at approximately $521,000.

A number of other large investors have also recently made changes to their positions in the company. Peregrine Capital Management LLC increased its stake in shares of Burlington Stores by 10.0% during the fourth quarter. Peregrine Capital Management LLC now owns 41,990 shares of the company’s stock worth $11,970,000 after buying an additional 3,828 shares during the period. Venturi Wealth Management LLC increased its stake in Burlington Stores by 145.9% in the fourth quarter. Venturi Wealth Management LLC now owns 268 shares of the company’s stock valued at $76,000 after purchasing an additional 159 shares during the last quarter. CIBC Asset Management Inc increased its stake in Burlington Stores by 13.5% in the fourth quarter. CIBC Asset Management Inc now owns 2,592 shares of the company’s stock valued at $739,000 after purchasing an additional 309 shares during the last quarter. Principal Financial Group Inc. increased its stake in Burlington Stores by 35.3% in the fourth 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 during the last quarter. Finally, Legacy Capital Wealth Partners LLC increased its stake in Burlington Stores by 4.2% in the fourth quarter. Legacy Capital Wealth Partners LLC now owns 1,051 shares of the company’s stock valued at $300,000 after purchasing an additional 42 shares during the last quarter.

Wall Street Analyst Weigh In

Several equities analysts have commented on BURL shares. Morgan Stanley increased their price target on shares of Burlington Stores from $285.00 to $305.00 and gave the company an “overweight” rating in a research note on Wednesday, November 27th. Barclays dropped their price target on shares of Burlington Stores from $327.00 to $317.00 and set an “overweight” rating on the stock in a research note on Wednesday, November 27th. Telsey Advisory Group reiterated an “outperform” rating and issued a $310.00 price target on shares of Burlington Stores in a research note on Tuesday, November 26th. Citigroup increased their price objective on Burlington Stores from $313.00 to $344.00 and gave the company a “buy” rating in a report on Wednesday, November 27th. Finally, StockNews.com downgraded Burlington Stores from a “buy” rating to a “hold” rating in a report on Wednesday, October 23rd. One analyst has rated the stock with a hold rating and fifteen have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $317.87.

Insiders Place Their Bets

In other news, CMO Jennifer Vecchio sold 494 shares of Burlington Stores stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $284.95, for a total value of $140,765.30. Following the transaction, the chief marketing officer now directly 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 transaction was disclosed in a document filed with the SEC, which is available at this link. In the last ninety days, insiders have sold 1,481 shares of company stock valued at $421,892. Insiders own 0.91% of the company’s stock.

Burlington Stores Trading Up 0.6 %

Shares of BURL stock opened at $246.53 on Wednesday. The stock has a market cap of $15.65 billion, a P/E ratio of 33.77, a P/E/G ratio of 1.24 and a beta of 1.62. The business has a fifty day simple moving average of $280.59 and a 200-day simple moving average of $271.03. Burlington Stores, Inc. has a fifty-two week low of $174.64 and a fifty-two week high of $298.89. The company has a quick ratio of 0.54, a current ratio of 1.17 and a debt-to-equity ratio of 1.35.

Burlington Stores (NYSE:BURL) last issued its quarterly earnings results on Tuesday, November 26th. The company reported $1.55 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.54 by $0.01. Burlington Stores had a return on equity of 47.52% and a net margin of 4.49%. The firm had revenue of $2.53 billion for the quarter, compared to analyst estimates of $2.55 billion. During the same period last year, the company earned $0.98 EPS. The firm’s quarterly revenue was up 10.5% on a year-over-year basis. On average, analysts forecast that Burlington Stores, Inc. will post 7.93 earnings per share for the current fiscal year.

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.