Clearbridge Investments LLC Increases Stock Holdings in Burlington Stores, Inc. (NYSE:BURL)

Clearbridge Investments LLC increased its holdings in Burlington Stores, Inc. (NYSE:BURL) by 0.2% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 644,801 shares of the company’s stock after buying an additional 1,155 shares during the period. Clearbridge Investments LLC owned about 1.02% of Burlington Stores worth $183,807,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in the business. IFP Advisors Inc lifted its holdings in shares of Burlington Stores by 81.6% in the fourth quarter. IFP Advisors Inc now owns 89 shares of the company’s stock valued at $25,000 after purchasing an additional 40 shares in the last quarter. Fortitude Family Office LLC lifted its stake in Burlington Stores by 148.6% in the 4th quarter. Fortitude Family Office LLC now owns 92 shares of the company’s stock valued at $26,000 after buying an additional 55 shares in the last quarter. Stonebridge Financial Group LLC purchased a new stake in Burlington Stores in the 4th quarter valued at approximately $31,000. Farther Finance Advisors LLC grew its holdings in Burlington Stores by 104.5% during the 4th quarter. Farther Finance Advisors LLC now owns 135 shares of the company’s stock valued at $38,000 after buying an additional 69 shares during the last quarter. Finally, Parkside Financial Bank & Trust increased its position in Burlington Stores by 157.1% during the fourth quarter. Parkside Financial Bank & Trust now owns 144 shares of the company’s stock worth $41,000 after buying an additional 88 shares in the last quarter.

Burlington Stores Price Performance

Shares of Burlington Stores stock opened at $238.00 on Monday. The stock has a market capitalization of $15.04 billion, a P/E ratio of 32.60, a PEG ratio of 1.11 and a beta of 1.73. The company has a current ratio of 1.17, a quick ratio of 0.54 and a debt-to-equity ratio of 1.35. The business’s fifty day moving average price is $253.86 and its 200 day moving average price is $266.38. Burlington Stores, Inc. has a twelve month low of $174.64 and a twelve month high of $298.89.

Burlington Stores (NYSE:BURL) last released its quarterly earnings data on Thursday, March 6th. The company reported $4.07 earnings per share for the quarter, beating the consensus estimate of $3.75 by $0.32. Burlington Stores had a return on equity of 47.52% and a net margin of 4.49%. The business had revenue of $3.28 billion for the quarter, compared to analyst estimates of $3.25 billion. As a group, research analysts anticipate that Burlington Stores, Inc. will post 7.93 earnings per share for the current year.

Insiders Place Their Bets

In other news, CMO Jennifer Vecchio sold 4,939 shares of the stock in a transaction dated Thursday, March 20th. The stock was sold at an average price of $239.94, for a total value of $1,185,063.66. Following the completion of the sale, the chief marketing officer now owns 70,006 shares in the company, valued at approximately $16,797,239.64. This trade represents a 6.59 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders sold a total of 5,926 shares of company stock worth $1,461,774 over the last ninety days. 0.91% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of research firms recently commented on BURL. UBS Group increased their price objective on Burlington Stores from $360.00 to $405.00 and gave the company a “buy” rating in a research note on Friday, March 7th. Barclays lifted their price target on shares of Burlington Stores from $317.00 to $329.00 and gave the stock an “overweight” rating in a report on Friday, March 7th. Robert W. Baird upped their price objective on shares of Burlington Stores from $330.00 to $335.00 and gave the company an “outperform” rating in a research note on Friday, March 7th. Telsey Advisory Group restated an “outperform” rating and set a $340.00 target price on shares of Burlington Stores in a research report on Thursday, March 6th. Finally, Citigroup cut their price target on Burlington Stores from $344.00 to $340.00 and set a “buy” rating for the company in a report on Friday, March 7th. One research analyst has rated the stock with a hold rating and fifteen have assigned a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $323.20.

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.