Burlington Stores, Inc. (NYSE:BURL) Shares Sold by Alliancebernstein L.P.

Alliancebernstein L.P. trimmed its position in Burlington Stores, Inc. (NYSE:BURL) by 6.5% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 343,239 shares of the company’s stock after selling 23,811 shares during the period. Alliancebernstein L.P. owned 0.54% of Burlington Stores worth $97,844,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Townsquare Capital LLC boosted its stake in shares of Burlington Stores by 17.5% in the third quarter. Townsquare Capital LLC now owns 1,655 shares of the company’s stock worth $436,000 after buying an additional 246 shares during the last quarter. Captrust Financial Advisors boosted its position in Burlington Stores by 1.7% in the 3rd quarter. Captrust Financial Advisors now owns 4,413 shares of the company’s stock worth $1,163,000 after purchasing an additional 75 shares in the last quarter. Benjamin Edwards Inc. grew its stake in shares of Burlington Stores by 35,575.0% during the 3rd quarter. Benjamin Edwards Inc. now owns 1,427 shares of the company’s stock worth $376,000 after purchasing an additional 1,423 shares during the period. Chevy Chase Trust Holdings LLC purchased a new position in shares of Burlington Stores during the 3rd quarter valued at approximately $201,000. Finally, Centiva Capital LP acquired a new position in shares of Burlington Stores in the 3rd quarter valued at $675,000.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the stock. UBS Group lifted their price objective on shares of Burlington Stores from $360.00 to $405.00 and gave the company a “buy” rating in a report on Friday, March 7th. Barclays increased their price target on Burlington Stores from $317.00 to $329.00 and gave the stock an “overweight” rating in a research report on Friday, March 7th. Robert W. Baird boosted their price objective on Burlington Stores from $330.00 to $335.00 and gave the company an “outperform” rating in a research report on Friday, March 7th. TD Cowen lifted their price target on shares of Burlington Stores from $334.00 to $339.00 and gave the company a “buy” rating in a research note on Thursday, December 12th. Finally, Citigroup reduced their price objective on shares of Burlington Stores from $344.00 to $340.00 and set a “buy” rating for the company in a research report on Friday, March 7th. One analyst has rated the stock with a hold rating and fifteen have issued a buy rating to the company’s stock. According to MarketBeat, Burlington Stores has a consensus rating of “Moderate Buy” and an average price target of $323.20.

Insider Transactions at Burlington Stores

In other news, CMO Jennifer Vecchio sold 4,939 shares of the firm’s stock in a transaction that occurred on Thursday, March 20th. The shares were sold at an average price of $239.94, for a total transaction of $1,185,063.66. Following the completion of the sale, the chief marketing officer now owns 70,006 shares in the company, valued at $16,797,239.64. This trade represents a 6.59 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.91% of the company’s stock.

Burlington Stores Trading Up 5.2 %

BURL opened at $255.31 on Thursday. The firm has a market capitalization of $16.14 billion, a price-to-earnings ratio of 34.97, a price-to-earnings-growth ratio of 1.11 and a beta of 1.73. The company’s 50 day simple moving average is $251.21 and its two-hundred day simple moving average is $265.80. Burlington Stores, Inc. has a 1-year low of $174.64 and a 1-year high of $298.89. The company has a debt-to-equity ratio of 1.35, a current ratio of 1.17 and a quick ratio of 0.54.

Burlington Stores (NYSE:BURL) last announced its quarterly earnings data on Thursday, March 6th. The company reported $4.07 EPS for the quarter, topping analysts’ consensus estimates of $3.75 by $0.32. The firm had revenue of $3.28 billion for the quarter, compared to the consensus estimate of $3.25 billion. Burlington Stores had a return on equity of 47.52% and a net margin of 4.49%. Analysts expect that Burlington Stores, Inc. will post 7.93 EPS for the current fiscal year.

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.