Burlington Stores, Inc. (NYSE:BURL) Shares Acquired by SRS Investment Management LLC

SRS Investment Management LLC boosted its holdings in Burlington Stores, Inc. (NYSE:BURL) by 10.8% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 1,270,421 shares of the company’s stock after buying an additional 123,973 shares during the quarter. Burlington Stores accounts for 5.1% of SRS Investment Management LLC’s holdings, making the stock its 7th largest position. SRS Investment Management LLC’s holdings in Burlington Stores were worth $362,146,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the stock. Argonautica Private Wealth Management Inc. increased its position in shares of Burlington Stores by 1.1% in the fourth quarter. Argonautica Private Wealth Management Inc. now owns 3,728 shares of the company’s stock worth $1,063,000 after acquiring an additional 39 shares in the last quarter. IFP Advisors Inc raised its stake in Burlington Stores by 81.6% during the 4th quarter. IFP Advisors Inc now owns 89 shares of the company’s stock valued at $25,000 after purchasing an additional 40 shares during the period. Legacy Capital Wealth Partners LLC lifted its holdings in shares of Burlington Stores by 4.2% in the fourth quarter. Legacy Capital Wealth Partners LLC now owns 1,051 shares of the company’s stock valued at $300,000 after purchasing an additional 42 shares in the last quarter. MassMutual Private Wealth & Trust FSB boosted its position in shares of Burlington Stores by 36.5% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 172 shares of the company’s stock worth $49,000 after buying an additional 46 shares during the period. Finally, SRS Capital Advisors Inc. grew its holdings in shares of Burlington Stores by 21.7% during the fourth quarter. SRS Capital Advisors Inc. now owns 269 shares of the company’s stock valued at $77,000 after buying an additional 48 shares in the last quarter.

Burlington Stores Price Performance

Shares of Burlington Stores stock opened at $217.73 on Tuesday. 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 firm has a fifty day simple moving average of $238.25 and a 200-day simple moving average of $261.99. The stock has a market capitalization of $13.71 billion, a price-to-earnings ratio of 29.83, a PEG ratio of 1.11 and a beta of 1.65. Burlington Stores, Inc. has a 1-year low of $174.64 and a 1-year high of $298.89.

Burlington Stores (NYSE:BURL) last released its earnings results on Thursday, March 6th. The company reported $4.07 earnings per share for the quarter, topping analysts’ consensus estimates of $3.75 by $0.32. The firm had revenue of $3.28 billion during the quarter, compared to analyst estimates 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 expect that Burlington Stores, Inc. will post 7.93 earnings per share for the current year.

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 transaction of $135,944.75. Following the completion of the transaction, the chief marketing officer now directly owns 58,944 shares in the company, valued at $16,253,808. This represents a 0.83 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 1.10% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of brokerages have commented on BURL. Robert W. Baird raised their price objective on Burlington Stores from $330.00 to $335.00 and gave the stock an “outperform” rating in a research report on Friday, March 7th. Telsey Advisory Group reaffirmed an “outperform” rating and set a $340.00 price objective on shares of Burlington Stores in a research report on Thursday, March 6th. Morgan Stanley increased their target price on shares of Burlington Stores from $296.00 to $297.00 and gave the stock an “overweight” rating in a research report on Friday, March 7th. Barclays upped their price target on shares of Burlington Stores from $317.00 to $329.00 and gave the stock an “overweight” rating in a research note on Friday, March 7th. Finally, Citigroup lowered their target price 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. One investment analyst has rated the stock with a hold rating and fifteen have given a buy rating to the company’s stock. Based on data from MarketBeat, Burlington Stores presently has an average rating of “Moderate Buy” and an average price target of $323.13.

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.