Stephens Investment Management Group LLC Sells 5,159 Shares of Burlington Stores, Inc. (NYSE:BURL)

Stephens Investment Management Group LLC cut its stake in Burlington Stores, Inc. (NYSE:BURL) by 1.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 398,822 shares of the company’s stock after selling 5,159 shares during the quarter. Burlington Stores makes up approximately 1.5% of Stephens Investment Management Group LLC’s portfolio, making the stock its 4th largest holding. Stephens Investment Management Group LLC owned approximately 0.63% of Burlington Stores worth $113,688,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of BURL. Sumitomo Mitsui Trust Group Inc. increased its holdings in shares of Burlington Stores by 2.3% in the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 145,552 shares of the company’s stock valued at $38,350,000 after purchasing an additional 3,246 shares during the last quarter. Alpha DNA Investment Management LLC acquired a new position in shares of Burlington Stores during the 3rd quarter valued at about $764,000. Logan Capital Management Inc. raised its stake in Burlington Stores by 9.1% during the third quarter. Logan Capital Management Inc. now owns 56,354 shares of the company’s stock worth $14,848,000 after purchasing an additional 4,695 shares during the period. HB Wealth Management LLC purchased a new stake in shares of Burlington Stores in the 4th quarter valued at approximately $265,000. Finally, Dai ichi Life Insurance Company Ltd purchased a new stake in shares of Burlington Stores in the 3rd quarter valued at approximately $1,190,000.

Insider Activity

In related news, CMO Jennifer Vecchio sold 494 shares of Burlington Stores stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $293.89, for a total value of $145,181.66. Following the transaction, the chief marketing officer now directly owns 59,931 shares in the company, valued at $17,613,121.59. This trade represents a 0.82 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Over the last three months, insiders sold 1,481 shares of company stock valued at $421,892. Insiders own 0.91% of the company’s stock.

Burlington Stores Trading Down 3.5 %

Shares of Burlington Stores stock opened at $260.05 on Friday. Burlington Stores, Inc. has a 12-month low of $174.64 and a 12-month high of $298.89. The stock has a market cap of $16.51 billion, a price-to-earnings ratio of 35.62, a PEG ratio of 1.24 and a beta of 1.62. The company has a current ratio of 1.17, a quick ratio of 0.54 and a debt-to-equity ratio of 1.35. The company has a fifty day simple moving average of $286.32 and a 200-day simple moving average of $271.05.

Burlington Stores (NYSE:BURL) last posted its earnings results on Tuesday, November 26th. The company reported $1.55 earnings per share for the quarter, beating the consensus estimate of $1.54 by $0.01. The business had revenue of $2.53 billion during the quarter, compared to the consensus estimate of $2.55 billion. Burlington Stores had a return on equity of 47.52% and a net margin of 4.49%. The business’s quarterly revenue was up 10.5% on a year-over-year basis. During the same period in the previous year, the business earned $0.98 EPS. On average, equities analysts forecast that Burlington Stores, Inc. will post 7.93 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have commented on BURL shares. UBS Group upgraded Burlington Stores from a “neutral” rating to a “buy” rating and lifted their target price for the company from $280.00 to $360.00 in a research report on Friday, January 10th. Citigroup lifted their target price on shares of Burlington Stores from $313.00 to $344.00 and gave the company a “buy” rating in a report on Wednesday, November 27th. Barclays dropped their price objective on Burlington Stores from $327.00 to $317.00 and set an “overweight” rating for the company in a research note on Wednesday, November 27th. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $310.00 target price on shares of Burlington Stores in a research report on Tuesday, November 26th. Finally, Morgan Stanley raised their price objective on shares of Burlington Stores from $285.00 to $305.00 and gave the company an “overweight” rating in a research note on Wednesday, November 27th. One research analyst has rated the stock with a hold rating and fifteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $317.87.

Burlington Stores Company 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.