Stonebridge Financial Group LLC Invests $31,000 in Burlington Stores, Inc. (NYSE:BURL)

Stonebridge Financial Group LLC acquired a new position in shares of Burlington Stores, Inc. (NYSE:BURL) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 110 shares of the company’s stock, valued at approximately $31,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Creative Planning boosted its position in shares of Burlington Stores by 18.6% during the 3rd quarter. Creative Planning now owns 4,973 shares of the company’s stock valued at $1,310,000 after acquiring an additional 781 shares during the last quarter. Swedbank AB boosted its holdings in Burlington Stores by 26.6% in the 3rd quarter. Swedbank AB now owns 6,002 shares of the company’s stock valued at $1,581,000 after purchasing an additional 1,261 shares during the last quarter. Bleakley Financial Group LLC grew its stake in shares of Burlington Stores by 10.2% in the 3rd quarter. Bleakley Financial Group LLC now owns 2,208 shares of the company’s stock valued at $582,000 after buying an additional 205 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd increased its holdings in shares of Burlington Stores by 25.1% during the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 6,209 shares of the company’s stock worth $1,636,000 after buying an additional 1,245 shares during the last quarter. Finally, Blue Trust Inc. raised its position in shares of Burlington Stores by 246.0% during the 3rd quarter. Blue Trust Inc. now owns 647 shares of the company’s stock valued at $155,000 after buying an additional 460 shares during the period.

Insiders Place Their Bets

In other news, CMO Jennifer Vecchio sold 494 shares of the business’s stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $284.95, for a total transaction of $140,765.30. Following the completion of the sale, the chief marketing officer now owns 59,437 shares in the company, valued at approximately $16,936,573.15. The trade was a 0.82 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders sold 1,481 shares of company stock valued at $421,892 in the last ninety days. Insiders own 0.91% of the company’s stock.

Burlington Stores Stock Performance

Shares of BURL opened at $244.64 on Friday. The stock has a 50-day simple moving average of $282.40 and a 200-day simple moving average of $270.96. 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, Inc. has a 1 year low of $174.64 and a 1 year high of $298.89. The stock has a market capitalization of $15.53 billion, a PE ratio of 33.51, a PEG ratio of 1.24 and a beta of 1.62.

Burlington Stores (NYSE:BURL) last announced its quarterly earnings data 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 for the quarter, compared to the consensus estimate of $2.55 billion. Burlington Stores had a net margin of 4.49% and a return on equity of 47.52%. The company’s quarterly revenue was up 10.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.98 EPS. On average, analysts predict that Burlington Stores, Inc. will post 7.93 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on BURL shares. Evercore ISI raised their target price on Burlington Stores from $315.00 to $340.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 27th. Telsey Advisory Group restated an “outperform” rating and issued a $310.00 price objective on shares of Burlington Stores in a report on Tuesday, November 26th. TD Cowen increased their target price on shares of Burlington Stores from $334.00 to $339.00 and gave the stock a “buy” rating in a research note on Thursday, December 12th. Barclays reduced their price target on shares of Burlington Stores from $327.00 to $317.00 and set an “overweight” rating on the stock in a research note on Wednesday, November 27th. 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 report 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 company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price 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.