Burlington Stores, Inc. (NYSE:BURL) Stake Reduced by Geneva Capital Management LLC

Geneva Capital Management LLC decreased its holdings in shares of Burlington Stores, Inc. (NYSE:BURL) by 6.9% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 116,582 shares of the company’s stock after selling 8,687 shares during the period. Geneva Capital Management LLC owned approximately 0.18% of Burlington Stores worth $33,233,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently made changes to their positions in BURL. Janney Montgomery Scott LLC boosted its holdings in Burlington Stores by 90.0% during the third quarter. Janney Montgomery Scott LLC now owns 4,482 shares of the company’s stock worth $1,181,000 after buying an additional 2,123 shares in the last quarter. Robeco Institutional Asset Management B.V. boosted its holdings in Burlington Stores by 3,041.5% during the third quarter. Robeco Institutional Asset Management B.V. now owns 30,912 shares of the company’s stock worth $8,145,000 after buying an additional 29,928 shares in the last quarter. National Pension Service boosted its holdings in Burlington Stores by 3.3% during the third quarter. National Pension Service now owns 118,719 shares of the company’s stock worth $31,280,000 after buying an additional 3,817 shares in the last quarter. Asset Management One Co. Ltd. boosted its holdings in Burlington Stores by 0.6% during the third quarter. Asset Management One Co. Ltd. now owns 23,230 shares of the company’s stock worth $6,121,000 after buying an additional 129 shares in the last quarter. Finally, Hanseatic Management Services Inc. bought a new stake in Burlington Stores during the third quarter worth approximately $70,000.

Analysts Set New Price Targets

A number of brokerages recently weighed in on BURL. UBS Group upgraded shares of Burlington Stores from a “neutral” rating to a “buy” rating and raised their target price for the stock from $280.00 to $360.00 in a report on Friday, January 10th. Telsey Advisory Group restated an “outperform” rating and set a $340.00 target price on shares of Burlington Stores in a report on Thursday, February 27th. TD Cowen upped their price target on shares of Burlington Stores from $334.00 to $339.00 and gave the company a “buy” rating in a research report on Thursday, December 12th. Evercore ISI upped their price target on shares of Burlington Stores from $315.00 to $340.00 and gave the company an “outperform” rating in a research report on Wednesday, November 27th. Finally, Morgan Stanley upped their price target on shares of Burlington Stores from $285.00 to $305.00 and gave the company an “overweight” rating in a research report on Wednesday, November 27th. One investment analyst has rated the stock with a hold rating and fifteen have assigned a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $319.87.

Burlington Stores Stock Up 3.6 %

BURL stock opened at $238.59 on Thursday. Burlington Stores, Inc. has a 12-month low of $174.64 and a 12-month high of $298.89. The company has a quick ratio of 0.54, a current ratio of 1.17 and a debt-to-equity ratio of 1.35. The company has a market cap of $15.15 billion, a price-to-earnings ratio of 32.68, a PEG ratio of 1.11 and a beta of 1.62. The company has a 50 day moving average of $271.04 and a two-hundred day moving average of $270.02.

Insiders Place Their Bets

In other Burlington Stores news, CMO Jennifer Vecchio sold 493 shares of the stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $275.75, for a total value of $135,944.75. Following the completion of the sale, the chief marketing officer now owns 58,944 shares in the company, valued at $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 available through this hyperlink. Insiders own 0.91% of the company’s stock.

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.