Aviva PLC Reduces Stock Holdings in Burlington Stores, Inc. (NYSE:BURL)

Aviva PLC cut its holdings in Burlington Stores, Inc. (NYSE:BURL) by 10.9% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 38,371 shares of the company’s stock after selling 4,708 shares during the period. Aviva PLC owned about 0.06% of Burlington Stores worth $10,938,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Geode Capital Management LLC increased its position in Burlington Stores by 0.8% during the fourth quarter. Geode Capital Management LLC now owns 1,083,852 shares of the company’s stock worth $308,403,000 after buying an additional 8,892 shares in the last quarter. Massachusetts Financial Services Co. MA raised its stake in Burlington Stores by 30.8% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 955,648 shares of the company’s stock valued at $272,417,000 after purchasing an additional 225,124 shares during the last quarter. Norges Bank purchased a new position in Burlington Stores in the 4th quarter valued at about $227,268,000. American Century Companies Inc. boosted its stake in shares of Burlington Stores by 17.1% during the 4th quarter. American Century Companies Inc. now owns 708,120 shares of the company’s stock worth $201,857,000 after purchasing an additional 103,202 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership grew its holdings in shares of Burlington Stores by 38.6% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 506,170 shares of the company’s stock worth $144,289,000 after buying an additional 141,020 shares in the last quarter.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the stock. Morgan Stanley upped their price objective on shares of Burlington Stores from $296.00 to $297.00 and gave the company an “overweight” rating in a research note on Friday, March 7th. Robert W. Baird increased their price target on Burlington Stores from $330.00 to $335.00 and gave the stock an “outperform” rating in a research note on Friday, March 7th. Citigroup lowered their price objective on Burlington Stores from $344.00 to $340.00 and set a “buy” rating for the company in a research report on Friday, March 7th. Telsey Advisory Group reiterated an “outperform” rating and issued a $340.00 target price on shares of Burlington Stores in a research note on Thursday, March 6th. Finally, TD Cowen raised their price target on Burlington Stores from $334.00 to $339.00 and gave the stock a “buy” rating in a research note on Thursday, December 12th. One research analyst has rated the stock with a hold rating and fifteen have given a buy rating to the stock. Based on data from MarketBeat, Burlington Stores currently has an average rating of “Moderate Buy” and an average price target of $323.20.

Insider Activity at Burlington Stores

In related news, CMO Jennifer Vecchio sold 493 shares of the company’s stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $275.75, for a total value of $135,944.75. Following the sale, the chief marketing officer now directly owns 58,944 shares of the company’s stock, valued at $16,253,808. This represents a 0.83 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 0.91% of the stock is currently owned by company insiders.

Burlington Stores Trading Down 3.2 %

BURL opened at $219.70 on Wednesday. The firm’s 50 day moving average is $244.83 and its 200-day moving average is $264.21. Burlington Stores, Inc. has a 52-week low of $174.64 and a 52-week high of $298.89. The company has a quick ratio of 0.54, a current ratio of 1.17 and a debt-to-equity ratio of 1.35. The firm has a market capitalization of $13.89 billion, a P/E ratio of 30.10, a P/E/G ratio of 1.11 and a beta of 1.65.

Burlington Stores (NYSE:BURL) last released its quarterly earnings results on Thursday, March 6th. The company reported $4.07 earnings per share (EPS) for the quarter, topping the consensus estimate 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 net margin of 4.49% and a return on equity of 47.52%. Analysts expect that Burlington Stores, Inc. will post 7.93 EPS for the current fiscal 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.