Sheets Smith Wealth Management Increases Stake in Burlington Stores, Inc. (NYSE:BURL)

Sheets Smith Wealth Management increased its position 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 firm owned 1,361 shares of the company’s stock after purchasing an additional 372 shares during the period. Sheets Smith Wealth Management’s holdings in Burlington Stores were worth $388,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in BURL. MassMutual Private Wealth & Trust FSB boosted its position in shares of 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. M&T Bank Corp boosted its holdings in Burlington Stores by 1.5% during the 3rd quarter. M&T Bank Corp now owns 3,089 shares of the company’s stock valued at $813,000 after acquiring an additional 47 shares during the period. Tributary Capital Management LLC grew its position in Burlington Stores by 1.0% in the 3rd quarter. Tributary Capital Management LLC now owns 4,991 shares of the company’s stock valued at $1,315,000 after acquiring an additional 50 shares during the last quarter. Mount Lucas Management LP increased its stake in Burlington Stores by 2.4% in the third quarter. Mount Lucas Management LP now owns 2,266 shares of the company’s stock worth $597,000 after purchasing an additional 54 shares during the period. Finally, OneDigital Investment Advisors LLC lifted its position in shares of Burlington Stores by 5.5% during the third quarter. OneDigital Investment Advisors LLC now owns 1,027 shares of the company’s stock worth $271,000 after purchasing an additional 54 shares during the last quarter.

Burlington Stores Stock Down 0.2 %

Shares of BURL opened at $288.86 on Thursday. The company has a market capitalization of $18.34 billion, a price-to-earnings ratio of 39.57, a PEG ratio of 1.56 and a beta of 1.63. Burlington Stores, Inc. has a 52 week low of $174.64 and a 52 week high of $298.89. The stock’s 50-day moving average price is $285.89 and its 200-day moving average price is $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 (NYSE:BURL) last issued its quarterly earnings data on Tuesday, November 26th. The company reported $1.55 earnings per share for the quarter, topping analysts’ consensus estimates of $1.54 by $0.01. Burlington Stores had a net margin of 4.49% and a return on equity of 47.52%. The business had revenue of $2.53 billion during the quarter, compared to the consensus estimate of $2.55 billion. During the same quarter in the prior year, the firm posted $0.98 earnings per share. The company’s revenue was up 10.5% compared to the same quarter last year. On average, sell-side analysts predict that Burlington Stores, Inc. will post 7.93 EPS for the current year.

Insider Buying and Selling

In other news, CMO Jennifer Vecchio sold 494 shares of the 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 completion of the sale, the chief marketing officer now directly owns 59,437 shares in the company, valued at $16,936,573.15. This represents a 0.82 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders own 0.91% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on BURL shares. Citigroup upped their price target on shares of Burlington Stores from $313.00 to $344.00 and gave the stock a “buy” rating in a report on Wednesday, November 27th. Morgan Stanley raised their target price on shares of Burlington Stores from $285.00 to $305.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 27th. TD Cowen boosted their price target on Burlington Stores from $334.00 to $339.00 and gave the company a “buy” rating in a report on Thursday, December 12th. StockNews.com downgraded Burlington Stores from a “buy” rating to a “hold” rating in a report on Wednesday, October 23rd. Finally, Telsey Advisory Group reiterated an “outperform” rating and issued a $310.00 target price on shares of Burlington Stores in a report on Tuesday, November 26th. One investment analyst has rated the stock with a hold rating and fifteen have issued a buy rating to the company. According to data from MarketBeat.com, Burlington Stores currently has an average rating of “Moderate Buy” and an average target price of $317.87.

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.