Plato Investment Management Ltd Buys 384 Shares of Burlington Stores, Inc. (NYSE:BURL)

Plato Investment Management Ltd increased its stake in shares of Burlington Stores, Inc. (NYSE:BURL) by 9.0% during the 4th quarter, HoldingsChannel.com reports. The fund owned 4,630 shares of the company’s stock after acquiring an additional 384 shares during the period. Plato Investment Management Ltd’s holdings in Burlington Stores were worth $1,325,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of BURL. IFP Advisors Inc increased its position in Burlington Stores by 81.6% during the fourth quarter. IFP Advisors Inc now owns 89 shares of the company’s stock worth $25,000 after buying an additional 40 shares during the last quarter. RPg Family Wealth Advisory LLC acquired a new position in Burlington Stores during the third quarter worth approximately $26,000. Fortitude Family Office LLC increased its position in Burlington Stores by 148.6% during the fourth quarter. Fortitude Family Office LLC now owns 92 shares of the company’s stock worth $26,000 after buying an additional 55 shares during the last quarter. Stonebridge Financial Group LLC acquired a new position in Burlington Stores during the fourth quarter worth approximately $31,000. Finally, Brooklyn Investment Group acquired a new position in Burlington Stores during the third quarter worth approximately $33,000.

Insider Activity at Burlington Stores

In related news, CMO Jennifer Vecchio sold 493 shares of the firm’s stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $275.75, for a total transaction of $135,944.75. Following the completion of the transaction, the chief marketing officer now directly owns 58,944 shares of the company’s stock, valued at approximately $16,253,808. This trade represents a 0.83 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 0.91% of the stock is owned by insiders.

Burlington Stores Price Performance

Shares of BURL opened at $235.67 on Tuesday. The stock has a market cap of $14.96 billion, a PE ratio of 32.28, a price-to-earnings-growth ratio of 1.11 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, Inc. has a fifty-two week low of $174.64 and a fifty-two week high of $298.89. The firm’s 50-day simple moving average is $272.22 and its two-hundred day simple moving average is $270.26.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the company. Evercore ISI upped their target price on Burlington Stores from $315.00 to $340.00 and gave the company an “outperform” rating in a research report on Wednesday, November 27th. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $340.00 target price on shares of Burlington Stores in a research report on Thursday, February 27th. UBS Group raised Burlington Stores from a “neutral” rating to a “buy” rating and upped their target price for the company from $280.00 to $360.00 in a research report on Friday, January 10th. 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. Finally, Morgan Stanley upped their target price on Burlington Stores from $285.00 to $305.00 and gave the company an “overweight” rating in a research report on Wednesday, November 27th. One equities research analyst has rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $319.87.

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.