Emerald Advisers LLC Purchases 847 Shares of Burlington Stores, Inc. (NYSE:BURL)

Emerald Advisers LLC boosted its holdings in shares of Burlington Stores, Inc. (NYSE:BURL) by 60.6% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,244 shares of the company’s stock after purchasing an additional 847 shares during the period. Emerald Advisers LLC’s holdings in Burlington Stores were worth $640,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of the business. American Century Companies Inc. lifted its position in shares of Burlington Stores by 17.1% during the 4th quarter. American Century Companies Inc. now owns 708,120 shares of the company’s stock worth $201,857,000 after buying an additional 103,202 shares during the last quarter. Victory Capital Management Inc. raised its stake in Burlington Stores by 52.7% during 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 in the last quarter. Proficio Capital Partners LLC bought a new position in shares of Burlington Stores in the fourth quarter worth about $20,965,000. Raymond James Financial Inc. acquired a new stake in shares of Burlington Stores in the 4th quarter valued at approximately $17,330,000. Finally, Principal Financial Group Inc. grew its holdings in shares of Burlington Stores by 35.3% during 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 during the last quarter.

Analyst Ratings Changes

Several brokerages recently commented on BURL. 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. Evercore ISI increased their price target on Burlington Stores from $315.00 to $340.00 and gave the company an “outperform” rating in a research note on Wednesday, November 27th. UBS Group boosted their price objective on Burlington Stores from $360.00 to $405.00 and gave the stock a “buy” rating in a research report on Friday, March 7th. Citigroup dropped their target price on Burlington Stores from $344.00 to $340.00 and set a “buy” rating for the company in a research report on Friday, March 7th. Finally, TD Cowen boosted their price target on Burlington Stores from $334.00 to $339.00 and gave the stock a “buy” rating in a report on Thursday, December 12th. One analyst has rated the stock with a hold rating and fifteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $323.20.

Insider Buying and Selling

In other Burlington Stores news, CMO Jennifer Vecchio sold 493 shares of the stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $275.75, for a total transaction of $135,944.75. Following the transaction, the chief marketing officer now directly 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 filing with the Securities & Exchange Commission, which is accessible through this link. 0.91% of the stock is currently owned by insiders.

Burlington Stores Trading Down 1.0 %

NYSE:BURL opened at $234.16 on Monday. Burlington Stores, Inc. has a 52 week low of $174.64 and a 52 week high of $298.89. The company has a debt-to-equity ratio of 1.35, a quick ratio of 0.54 and a current ratio of 1.17. The firm’s fifty day moving average is $258.08 and its 200-day moving average is $267.08. The firm has a market cap of $14.80 billion, a P/E ratio of 32.08, a P/E/G ratio of 1.11 and a beta of 1.73.

Burlington Stores (NYSE:BURL) last issued its quarterly earnings results on Thursday, March 6th. The company reported $4.07 EPS for the quarter, beating analysts’ consensus estimates 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 analysts’ expectations of $3.25 billion. Equities analysts expect that Burlington Stores, Inc. will post 7.93 earnings per share for the current year.

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.