Russell Investments Group Ltd. Has $8.50 Million Holdings in Burlington Stores, Inc. (NYSE:BURL)

Russell Investments Group Ltd. lifted its position in shares of Burlington Stores, Inc. (NYSE:BURL) by 1.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 29,835 shares of the company’s stock after acquiring an additional 297 shares during the quarter. Russell Investments Group Ltd.’s holdings in Burlington Stores were worth $8,503,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Stifel Financial Corp boosted its stake in shares of Burlington Stores by 178.5% during the third quarter. Stifel Financial Corp now owns 4,713 shares of the company’s stock valued at $1,242,000 after purchasing an additional 3,021 shares in the last quarter. MML Investors Services LLC boosted its position in Burlington Stores by 13.0% during the 3rd quarter. MML Investors Services LLC now owns 2,675 shares of the company’s stock worth $705,000 after buying an additional 308 shares during the period. Nomura Asset Management Co. Ltd. boosted its position in Burlington Stores by 8.4% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 18,395 shares of the company’s stock worth $4,847,000 after buying an additional 1,427 shares during the period. M&T Bank Corp grew its holdings in Burlington Stores by 1.5% during the 3rd quarter. M&T Bank Corp now owns 3,089 shares of the company’s stock worth $813,000 after acquiring an additional 47 shares during the last quarter. Finally, Geode Capital Management LLC increased its position in Burlington Stores by 1.7% in the 3rd quarter. Geode Capital Management LLC now owns 1,074,960 shares of the company’s stock valued at $282,582,000 after acquiring an additional 18,160 shares during the period.

Insider Activity

In other news, CMO Jennifer Vecchio sold 4,939 shares of Burlington Stores stock in a transaction dated 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 transaction, the chief marketing officer now directly owns 70,006 shares in the company, valued at $16,797,239.64. This trade represents a 6.59 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.91% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently weighed in on BURL. Morgan Stanley boosted their price objective on shares of Burlington Stores from $296.00 to $297.00 and gave the stock an “overweight” rating in a research note on Friday, March 7th. UBS Group upped their price target on Burlington Stores from $360.00 to $405.00 and gave the company a “buy” rating in a research report on Friday, March 7th. Robert W. Baird increased their price target on Burlington Stores from $330.00 to $335.00 and gave the company an “outperform” rating in a research note on Friday, March 7th. Citigroup cut their price objective on Burlington Stores from $344.00 to $340.00 and set a “buy” rating on the stock in a research note on Friday, March 7th. Finally, Barclays increased their target price on shares of Burlington Stores from $317.00 to $329.00 and gave the company an “overweight” rating in a research report on Friday, March 7th. One equities research analyst has rated the stock with a hold rating and fifteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Burlington Stores presently has an average rating of “Moderate Buy” and a consensus price target of $323.20.

Burlington Stores Trading Down 1.2 %

NYSE:BURL opened at $240.59 on Friday. Burlington Stores, Inc. has a 12 month low of $174.64 and a 12 month high of $298.89. The company has a current ratio of 1.17, a quick ratio of 0.54 and a debt-to-equity ratio of 1.35. The stock has a market capitalization of $15.15 billion, a price-to-earnings ratio of 32.96, a PEG ratio of 1.11 and a beta of 1.65. The firm has a fifty day simple moving average of $241.92 and a two-hundred day simple moving average of $263.46.

Burlington Stores (NYSE:BURL) last issued its earnings results on Thursday, March 6th. The company reported $4.07 EPS for the quarter, beating the consensus estimate of $3.75 by $0.32. Burlington Stores had a return on equity of 47.52% and a net margin of 4.49%. The company had revenue of $3.28 billion during the quarter, compared to the consensus estimate of $3.25 billion. 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.