Sheets Smith Wealth Management Raises Stock Position in Burlington Stores, Inc. (NYSE:BURL)

Sheets Smith Wealth Management raised its stake in shares of Burlington Stores, Inc. (NYSE:BURL) by 37.6% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 1,361 shares of the company’s stock after buying an additional 372 shares during the period. Sheets Smith Wealth Management’s holdings in Burlington Stores were worth $388,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. RPg Family Wealth Advisory LLC purchased a new stake in Burlington Stores during the third quarter valued at $26,000. Fortitude Family Office LLC increased its position in shares of Burlington Stores by 148.6% during the 4th quarter. Fortitude Family Office LLC now owns 92 shares of the company’s stock valued at $26,000 after purchasing an additional 55 shares during the last quarter. Brooklyn Investment Group bought a new position in shares of Burlington Stores in the 3rd quarter worth approximately $33,000. UMB Bank n.a. boosted its holdings in shares of Burlington Stores by 391.7% in the third quarter. UMB Bank n.a. now owns 177 shares of the company’s stock worth $47,000 after buying an additional 141 shares during the last quarter. Finally, MassMutual Private Wealth & Trust FSB grew its position in Burlington Stores by 36.5% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 172 shares of the company’s stock valued at $49,000 after buying an additional 46 shares during the period.

Analyst Upgrades and Downgrades

BURL has been the topic of several recent research reports. Robert W. Baird increased their price target on shares of Burlington Stores from $315.00 to $330.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 27th. Barclays decreased their target price on Burlington Stores from $327.00 to $317.00 and set an “overweight” rating on the stock in a report on Wednesday, November 27th. Morgan Stanley boosted their price target on Burlington Stores from $285.00 to $305.00 and gave the company an “overweight” rating in a report on Wednesday, November 27th. Evercore ISI raised their price objective on Burlington Stores from $315.00 to $340.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 27th. Finally, TD Cowen boosted their price objective on Burlington Stores from $334.00 to $339.00 and gave the company a “buy” rating in a research note on Thursday, December 12th. One research analyst has rated the stock with a hold rating and fifteen have assigned a buy rating to the company. Based on data from MarketBeat, Burlington Stores has a consensus rating of “Moderate Buy” and a consensus price target of $317.87.

Burlington Stores Stock Down 0.2 %

BURL opened at $288.86 on Thursday. The company has a market capitalization of $18.34 billion, a PE ratio of 39.57, a price-to-earnings-growth ratio of 1.56 and a beta of 1.63. The firm has a 50-day simple moving average of $285.89 and a two-hundred day simple moving average of $268.25. 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, Inc. has a 52 week low of $174.64 and a 52 week high of $298.89.

Burlington Stores (NYSE:BURL) last announced its quarterly earnings results on Tuesday, November 26th. The company reported $1.55 EPS for the quarter, beating 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 company had revenue of $2.53 billion during the quarter, compared to analyst estimates of $2.55 billion. During the same period in the prior year, the company earned $0.98 earnings per share. The firm’s revenue was up 10.5% on a year-over-year basis. Analysts forecast that Burlington Stores, Inc. will post 7.93 earnings per share for the current fiscal year.

Insider Activity at Burlington Stores

In other Burlington Stores news, CMO Jennifer Vecchio sold 494 shares of the business’s stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $284.95, for a total transaction of $140,765.30. Following the sale, 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 ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available 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.