Burlington Stores, Inc. (NYSE:BURL) Shares Sold by Legal & General Group Plc

Legal & General Group Plc lessened its holdings in shares of Burlington Stores, Inc. (NYSE:BURL) by 26.6% in the 4th quarter, HoldingsChannel reports. The firm owned 318,358 shares of the company’s stock after selling 115,172 shares during the quarter. Legal & General Group Plc’s holdings in Burlington Stores were worth $90,751,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. 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 valued at $4,965,000 after acquiring an additional 10,693 shares during the period. Logan Capital Management Inc. increased its holdings in shares of Burlington Stores by 9.1% during the 3rd quarter. Logan Capital Management Inc. now owns 56,354 shares of the company’s stock valued at $14,848,000 after purchasing an additional 4,695 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its stake in shares of Burlington Stores by 7.5% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 378,921 shares of the company’s stock valued at $108,292,000 after purchasing an additional 26,412 shares during the period. HB Wealth Management LLC purchased a new stake in Burlington Stores during the fourth quarter worth $265,000. Finally, Principal Financial Group Inc. grew its position in 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 buying an additional 59,173 shares during the period.

Burlington Stores Stock Performance

NYSE:BURL opened at $240.59 on Friday. The company has a market cap of $15.21 billion, a P/E ratio of 32.96, a P/E/G ratio of 1.11 and a beta of 1.65. Burlington Stores, Inc. has a twelve month low of $174.64 and a twelve month high of $298.89. The company’s 50-day moving average price is $241.92 and its 200-day moving average price is $263.46. The company has a current ratio of 1.17, a quick ratio of 0.54 and a debt-to-equity ratio of 1.35.

Burlington Stores (NYSE:BURL) last released its quarterly earnings data on Thursday, March 6th. The company reported $4.07 EPS for the quarter, beating analysts’ consensus estimates of $3.75 by $0.32. The company had revenue of $3.28 billion during 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%. On average, sell-side analysts forecast that Burlington Stores, Inc. will post 7.93 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CMO Jennifer Vecchio sold 4,939 shares of the company’s stock in a transaction dated 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 completion of the sale, the chief marketing officer now 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 sale was disclosed in a document filed with the SEC, which can be accessed through this link. 0.91% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of research analysts have weighed in on BURL shares. Citigroup decreased 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. Morgan Stanley upped their price target on Burlington Stores from $296.00 to $297.00 and gave the stock an “overweight” 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. Finally, Telsey Advisory Group reiterated an “outperform” rating and set a $340.00 target price on shares of Burlington Stores in a research report on Thursday, March 6th. 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 has an average rating of “Moderate Buy” and a consensus target price of $323.20.

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.