Royal London Asset Management Ltd. Acquires 237 Shares of Burlington Stores, Inc. (NYSE:BURL)

Royal London Asset Management Ltd. increased its stake in shares of Burlington Stores, Inc. (NYSE:BURL) by 0.9% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 25,411 shares of the company’s stock after purchasing an additional 237 shares during the quarter. Royal London Asset Management Ltd.’s holdings in Burlington Stores were worth $7,244,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the stock. IFP Advisors Inc increased its position in shares of 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 purchasing an additional 40 shares in the last quarter. RPg Family Wealth Advisory LLC acquired a new stake in shares of Burlington Stores in the 3rd quarter worth $26,000. Fortitude Family Office LLC grew its stake in Burlington Stores by 148.6% during the 4th 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 4th quarter valued at about $31,000. Finally, Brooklyn Investment Group purchased a new stake in Burlington Stores in the third quarter valued at about $33,000.

Burlington Stores Trading Down 1.0 %

Shares of NYSE:BURL opened at $234.16 on Monday. The company has a current ratio of 1.17, a quick ratio of 0.54 and a debt-to-equity ratio of 1.35. Burlington Stores, Inc. has a 12-month low of $174.64 and a 12-month high of $298.89. The business has a 50 day moving average of $258.08 and a two-hundred day moving average of $267.08. The company has a market capitalization of $14.80 billion, a PE ratio of 32.08, a PEG ratio of 1.11 and a beta of 1.73.

Burlington Stores (NYSE:BURL) last posted its earnings results on Thursday, March 6th. The company reported $4.07 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.75 by $0.32. The firm had revenue of $3.28 billion during the quarter, compared to analysts’ expectations of $3.25 billion. Burlington Stores had a net margin of 4.49% and a return on equity of 47.52%. As a group, analysts forecast that Burlington Stores, Inc. will post 7.93 EPS for the current year.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on BURL. UBS Group boosted their price target on Burlington Stores from $360.00 to $405.00 and gave the stock a “buy” rating in a research note on Friday, March 7th. Citigroup dropped their target price on shares of Burlington Stores from $344.00 to $340.00 and set a “buy” rating on the stock in a research report on Friday, March 7th. 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 note on Wednesday, November 27th. Robert W. Baird lifted their price objective on shares of Burlington Stores from $330.00 to $335.00 and gave the stock an “outperform” rating in a research note on Friday, March 7th. Finally, 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. One equities research analyst has rated the stock with a hold rating and fifteen have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $323.20.

Insider Activity

In other 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 transaction, the chief marketing officer now owns 58,944 shares in the company, valued at $16,253,808. This trade represents a 0.83 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 0.91% of the company’s stock.

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.