Empire Life Investments Inc. Acquires 1,922 Shares of Burlington Stores, Inc. (NYSE:BURL)

Empire Life Investments Inc. grew its position in Burlington Stores, Inc. (NYSE:BURL) by 31.7% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 7,983 shares of the company’s stock after purchasing an additional 1,922 shares during the period. Empire Life Investments Inc.’s holdings in Burlington Stores were worth $2,276,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Sumitomo Mitsui Trust Group Inc. boosted its stake in shares of Burlington Stores by 2.3% in the 3rd 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 in the last quarter. Alpha DNA Investment Management LLC acquired a new stake in shares of Burlington Stores in the 3rd quarter valued at $764,000. Logan Capital Management Inc. boosted its stake in shares of Burlington Stores by 9.1% in the 3rd quarter. Logan Capital Management Inc. now owns 56,354 shares of the company’s stock valued at $14,848,000 after purchasing an additional 4,695 shares in the last quarter. HB Wealth Management LLC acquired a new stake in shares of Burlington Stores in the 4th quarter valued at $265,000. Finally, Dai ichi Life Insurance Company Ltd acquired a new stake in shares of Burlington Stores in the 3rd quarter valued at $1,190,000.

Insider Buying and Selling

In related news, CMO Jennifer Vecchio sold 493 shares of the stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $275.75, for a total transaction of $135,944.75. Following the completion of the sale, the chief marketing officer now directly owns 58,944 shares of the company’s stock, valued at approximately $16,253,808. This represents a 0.83 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In the last three months, insiders sold 1,481 shares of company stock valued at $421,892. 0.91% of the stock is owned by corporate insiders.

Burlington Stores Stock Performance

Shares of BURL stock opened at $244.64 on Friday. The company has a debt-to-equity ratio of 1.35, a current ratio of 1.17 and a quick ratio of 0.54. The stock has a market cap of $15.53 billion, a PE ratio of 33.51, a price-to-earnings-growth ratio of 1.24 and a beta of 1.62. The stock has a 50-day moving average of $282.40 and a 200-day moving average of $270.96. Burlington Stores, Inc. has a one year low of $174.64 and a one year 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. The company had revenue of $2.53 billion during the quarter, compared to analysts’ expectations of $2.55 billion. Burlington Stores had a return on equity of 47.52% and a net margin of 4.49%. Burlington Stores’s revenue was up 10.5% on a year-over-year basis. During the same period in the prior year, the business posted $0.98 EPS. As a group, sell-side analysts expect that Burlington Stores, Inc. will post 7.93 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on BURL. Telsey Advisory Group reiterated an “outperform” rating and set a $310.00 price target on shares of Burlington Stores in a research report on Tuesday, November 26th. Evercore ISI upped their price target on shares of Burlington Stores from $315.00 to $340.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 27th. 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 research report on Wednesday, November 27th. TD Cowen upped their price target on shares of Burlington Stores from $334.00 to $339.00 and gave the stock a “buy” rating in a research report on Thursday, December 12th. Finally, UBS Group upgraded shares of Burlington Stores from a “neutral” rating to a “buy” rating and upped their price target for the stock from $280.00 to $360.00 in a research report on Friday, January 10th. One equities research analyst has rated the stock with a hold rating and fifteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average 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.