Argentarii LLC Invests $482,000 in Burlington Stores, Inc. (NYSE:BURL)

Argentarii LLC bought a new position in Burlington Stores, Inc. (NYSE:BURL) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 1,691 shares of the company’s stock, valued at approximately $482,000.

Several other large investors have also recently modified their holdings of the business. Callan Family Office LLC bought a new stake in shares of Burlington Stores in the 4th quarter worth approximately $269,000. Lisanti Capital Growth LLC lifted its holdings in shares of Burlington Stores by 17.2% in the 4th quarter. Lisanti Capital Growth LLC now owns 4,675 shares of the company’s stock worth $1,333,000 after acquiring an additional 685 shares during the last quarter. Candriam S.C.A. lifted its holdings in shares of Burlington Stores by 975.8% in the 4th quarter. Candriam S.C.A. now owns 41,870 shares of the company’s stock worth $11,935,000 after acquiring an additional 37,978 shares during the last quarter. Raymond James Financial Inc. bought a new stake in shares of Burlington Stores in the 4th quarter worth approximately $17,330,000. Finally, Arizona State Retirement System lifted its holdings in shares of Burlington Stores by 1.1% in the 4th quarter. Arizona State Retirement System now owns 18,490 shares of the company’s stock worth $5,271,000 after acquiring an additional 203 shares during the last quarter.

Burlington Stores Stock Down 6.9 %

NYSE:BURL opened at $239.98 on Friday. The firm’s 50-day moving average price is $268.22 and its 200-day moving average price is $269.58. The company has a market capitalization of $15.23 billion, a PE ratio of 32.87, a P/E/G ratio of 1.11 and a beta of 1.73. The company has a debt-to-equity ratio of 1.35, a current ratio of 1.17 and a quick ratio of 0.54. Burlington Stores, Inc. has a 1-year low of $174.64 and a 1-year high of $298.89.

Burlington Stores (NYSE:BURL) last released its earnings results on Thursday, March 6th. The company reported $4.07 earnings per share for the quarter, topping analysts’ consensus estimates of $3.75 by $0.32. The firm had revenue of $3.28 billion for the quarter, compared to the consensus estimate of $3.25 billion. Burlington Stores had a net margin of 4.49% and a return on equity of 47.52%. On average, equities analysts predict that Burlington Stores, Inc. will post 7.93 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on BURL shares. Morgan Stanley lifted their target price on shares of Burlington Stores from $296.00 to $297.00 and gave the stock an “overweight” rating in a research note on Friday. Barclays lifted their target price on shares of Burlington Stores from $317.00 to $329.00 and gave the stock an “overweight” rating in a research note on Friday. TD Cowen lifted their target price 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. Robert W. Baird lifted their target price on shares of Burlington Stores from $330.00 to $335.00 and gave the stock an “outperform” rating in a research note on Friday. Finally, Evercore ISI lifted their target price on shares of Burlington Stores from $315.00 to $340.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 27th. One analyst has rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $323.20.

Insider Buying and Selling

In related news, CMO Jennifer Vecchio sold 494 shares of the company’s stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $284.95, for a total value of $140,765.30. Following the transaction, the chief marketing officer now owns 59,437 shares in the company, valued at $16,936,573.15. The trade was a 0.82 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.91% of the stock is currently owned by company insiders.

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.