AlphaCentric Advisors LLC Cuts Stake in Burlington Stores, Inc. (NYSE:BURL)

AlphaCentric Advisors LLC cut its holdings in shares of Burlington Stores, Inc. (NYSE:BURL) by 14.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 281 shares of the company’s stock after selling 49 shares during the period. AlphaCentric Advisors LLC’s holdings in Burlington Stores were worth $80,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in BURL. Principal Financial Group Inc. boosted its stake in Burlington Stores by 35.3% in the 4th quarter. Principal Financial Group Inc. now owns 227,020 shares of the company’s stock worth $64,714,000 after purchasing an additional 59,173 shares in the last quarter. Legacy Capital Wealth Partners LLC raised its holdings in shares of Burlington Stores by 4.2% in the fourth quarter. Legacy Capital Wealth Partners LLC now owns 1,051 shares of the company’s stock worth $300,000 after buying an additional 42 shares during the last quarter. Empire Life Investments Inc. raised its holdings in shares of Burlington Stores by 31.7% in the fourth quarter. Empire Life Investments Inc. now owns 7,983 shares of the company’s stock worth $2,276,000 after buying an additional 1,922 shares during the last quarter. Allspring Global Investments Holdings LLC grew its holdings in shares of Burlington Stores by 7.5% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 378,921 shares of the company’s stock valued at $108,292,000 after buying an additional 26,412 shares during the last quarter. Finally, Stonebridge Financial Group LLC acquired a new position in shares of Burlington Stores in the 4th quarter valued at $31,000.

Insider Transactions at Burlington Stores

In other news, CMO Jennifer Vecchio sold 494 shares of the firm’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 directly owns 59,437 shares of the company’s stock, valued at approximately $16,936,573.15. This trade represents a 0.82 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Insiders have sold 1,481 shares of company stock valued at $421,892 over the last ninety days. Insiders own 0.91% of the company’s stock.

Burlington Stores Stock Performance

NYSE:BURL opened at $244.64 on Tuesday. The company has a fifty day moving average of $281.46 and a two-hundred day moving average of $271.06. Burlington Stores, Inc. has a fifty-two week low of $174.64 and a fifty-two week high of $298.89. The stock has a market capitalization of $15.53 billion, a PE ratio of 33.51, a P/E/G ratio of 1.24 and a beta of 1.62. The company has a debt-to-equity ratio of 1.35, a quick ratio of 0.54 and a current ratio of 1.17.

Burlington Stores (NYSE:BURL) last released its quarterly earnings results on Tuesday, November 26th. The company reported $1.55 earnings per share for the quarter, topping the consensus estimate of $1.54 by $0.01. Burlington Stores had a net margin of 4.49% and a return on equity of 47.52%. The firm 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 earned $0.98 EPS. The company’s revenue for the quarter was up 10.5% on a year-over-year basis. As a group, research analysts forecast that Burlington Stores, Inc. will post 7.93 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts have commented on BURL shares. StockNews.com cut Burlington Stores from a “buy” rating to a “hold” rating in a research report on Wednesday, October 23rd. TD Cowen upped their target price on Burlington Stores from $334.00 to $339.00 and gave the company a “buy” rating in a research report on Thursday, December 12th. Morgan Stanley raised their price target 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. Telsey Advisory Group restated an “outperform” rating and set a $310.00 price objective on shares of Burlington Stores in a research note on Tuesday, November 26th. Finally, Robert W. Baird increased their price objective on shares of Burlington Stores from $315.00 to $330.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 27th. One equities research analyst has rated the stock with a hold rating and fifteen have given a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $317.87.

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.