Gulf International Bank UK Ltd Reduces Stock Holdings in Burlington Stores, Inc. (NYSE:BURL)

Gulf International Bank UK Ltd decreased its holdings in Burlington Stores, Inc. (NYSE:BURL) by 1.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 5,071 shares of the company’s stock after selling 52 shares during the quarter. Gulf International Bank UK Ltd’s holdings in Burlington Stores were worth $1,445,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. IFP Advisors Inc lifted its stake in Burlington Stores by 81.6% in the fourth quarter. IFP Advisors Inc now owns 89 shares of the company’s stock worth $25,000 after acquiring an additional 40 shares during the period. Fortitude Family Office LLC lifted its stake in Burlington Stores by 148.6% in the fourth quarter. Fortitude Family Office LLC now owns 92 shares of the company’s stock worth $26,000 after acquiring an additional 55 shares during the period. RPg Family Wealth Advisory LLC purchased a new stake in Burlington Stores in the third quarter worth $26,000. Stonebridge Financial Group LLC purchased a new stake in Burlington Stores in the fourth quarter worth $31,000. Finally, Brooklyn Investment Group purchased a new stake in Burlington Stores in the third quarter worth $33,000.

Insider Transactions at Burlington Stores

In other news, CMO Jennifer Vecchio sold 493 shares of Burlington Stores stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $275.75, for a total value of $135,944.75. Following the completion of the transaction, the chief marketing officer now owns 58,944 shares of the company’s stock, valued at $16,253,808. The trade was a 0.83 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders sold a total of 1,481 shares of company stock valued at $421,892 in the last quarter. 0.91% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the company. Evercore ISI raised their price target on Burlington Stores from $315.00 to $340.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 27th. Barclays lowered their price objective on Burlington Stores from $327.00 to $317.00 and set an “overweight” rating for the company in a research report on Wednesday, November 27th. Morgan Stanley raised their price objective on Burlington Stores from $285.00 to $305.00 and gave the company an “overweight” rating in a research report on Wednesday, November 27th. TD Cowen raised their price objective 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, Telsey Advisory Group reissued an “outperform” rating and set a $340.00 price objective on shares of Burlington Stores in a research report on Thursday. One investment analyst has rated the stock with a hold rating and fifteen have assigned a buy rating to the company’s stock. According to MarketBeat, Burlington Stores currently has an average rating of “Moderate Buy” and an average price target of $319.87.

Burlington Stores Price Performance

BURL opened at $249.42 on Friday. The stock has a 50-day moving average price of $273.18 and a 200-day moving average price of $270.36. The company has a debt-to-equity ratio of 1.35, a current ratio of 1.17 and a quick ratio of 0.54. The firm has a market cap of $15.83 billion, a PE ratio of 34.17, a P/E/G ratio of 1.11 and a beta of 1.62. Burlington Stores, Inc. has a 1 year low of $174.64 and a 1 year high of $298.89.

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.