Burlington Stores, Inc. (NYSE:BURL) Shares Purchased by Cetera Investment Advisers

Cetera Investment Advisers grew its holdings in shares of Burlington Stores, Inc. (NYSE:BURL) by 5.7% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 12,967 shares of the company’s stock after acquiring an additional 696 shares during the quarter. Cetera Investment Advisers’ holdings in Burlington Stores were worth $3,696,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Buckingham Capital Management Inc. lifted its holdings in Burlington Stores by 159.0% in the fourth quarter. Buckingham Capital Management Inc. now owns 17,419 shares of the company’s stock worth $4,965,000 after purchasing an additional 10,693 shares during the period. Allspring Global Investments Holdings LLC raised its position in shares of Burlington Stores by 7.5% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 378,921 shares of the company’s stock worth $108,292,000 after buying an additional 26,412 shares in the last quarter. Grandeur Peak Global Advisors LLC lifted its stake in shares of Burlington Stores by 3.0% in the 4th quarter. Grandeur Peak Global Advisors LLC now owns 45,056 shares of the company’s stock worth $12,844,000 after acquiring an additional 1,305 shares during the period. HB Wealth Management LLC bought a new position in shares of Burlington Stores in the fourth quarter valued at approximately $265,000. Finally, Principal Financial Group Inc. increased its stake in shares of Burlington Stores by 35.3% during the fourth quarter. Principal Financial Group Inc. now owns 227,020 shares of the company’s stock valued at $64,714,000 after acquiring an additional 59,173 shares during the period.

Analyst Ratings Changes

A number of equities research analysts have weighed in on BURL shares. Barclays cut their target price on Burlington Stores from $329.00 to $254.00 and set an “overweight” rating for the company in a research report on Monday. Morgan Stanley decreased their target price on Burlington Stores from $297.00 to $269.00 and set an “overweight” rating for the company in a research note on Tuesday, May 6th. Citigroup lowered their target price on Burlington Stores from $344.00 to $340.00 and set a “buy” rating on the stock in a report on Friday, March 7th. JPMorgan Chase & Co. reduced their price objective on shares of Burlington Stores from $336.00 to $287.00 and set an “overweight” rating for the company in a research report on Monday, April 14th. Finally, Robert W. Baird boosted their target price on shares of Burlington Stores from $330.00 to $335.00 and gave the stock an “outperform” rating in a report on Friday, March 7th. One equities research analyst has rated the stock with a hold rating and fifteen have issued a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $314.60.

Insider Buying and Selling at Burlington Stores

In other news, CMO Jennifer Vecchio sold 4,939 shares of the company’s stock in a transaction on Thursday, March 20th. The shares were sold at an average price of $239.94, for a total value of $1,185,063.66. Following the transaction, the chief marketing officer now directly owns 70,006 shares of the company’s stock, valued at approximately $16,797,239.64. This represents a 6.59% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, COO Travis Marquette sold 190 shares of Burlington Stores stock in a transaction on Monday, May 5th. The shares were sold at an average price of $237.63, for a total value of $45,149.70. Following the sale, the chief operating officer now directly owns 22,858 shares of the company’s stock, valued at approximately $5,431,746.54. The trade was a 0.82% decrease in their position. The disclosure for this sale can be found here. Company insiders own 1.10% of the company’s stock.

Burlington Stores Trading Down 0.3%

NYSE BURL opened at $264.75 on Friday. The firm’s 50 day moving average price is $236.76 and its two-hundred day moving average price is $259.88. 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 twelve month low of $181.87 and a twelve month high of $298.89. The stock has a market cap of $16.68 billion, a price-to-earnings ratio of 36.27, a PEG ratio of 1.11 and a beta of 1.70.

Burlington Stores (NYSE:BURL) last issued its quarterly earnings results on Thursday, March 6th. The company reported $4.07 earnings per share for the quarter, beating analysts’ consensus estimates of $3.75 by $0.32. The business 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%. Equities analysts anticipate that Burlington Stores, Inc. will post 7.93 EPS for the current year.

About Burlington Stores

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.