Northwestern Mutual Wealth Management Co. boosted its position in Burlington Stores, Inc. (NYSE:BURL – Free Report) by 303,059.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,912,936 shares of the company’s stock after buying an additional 1,912,305 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in Burlington Stores were worth $552,552,000 as of its most recent filing with the Securities & Exchange Commission.
Other large investors have also recently bought and sold shares of the company. First Horizon Corp purchased a new stake in Burlington Stores in the third quarter valued at approximately $25,000. Stone House Investment Management LLC purchased a new stake in Burlington Stores in the fourth quarter valued at approximately $25,000. JPL Wealth Management LLC purchased a new stake in Burlington Stores in the third quarter valued at approximately $28,000. Root Financial Partners LLC purchased a new stake in Burlington Stores in the third quarter valued at approximately $30,000. Finally, Geneos Wealth Management Inc. boosted its position in Burlington Stores by 235.4% in the second quarter. Geneos Wealth Management Inc. now owns 161 shares of the company’s stock valued at $37,000 after buying an additional 113 shares during the last quarter.
Burlington Stores Trading Up 0.3%
Burlington Stores stock opened at $293.27 on Friday. The company has a current ratio of 1.23, a quick ratio of 0.65 and a debt-to-equity ratio of 1.11. Burlington Stores, Inc. has a 12 month low of $218.52 and a 12 month high of $351.85. The stock’s 50 day simple moving average is $318.54 and its two-hundred day simple moving average is $298.72. The firm has a market cap of $18.43 billion, a PE ratio of 30.81, a P/E/G ratio of 1.77 and a beta of 1.48.
Wall Street Analyst Weigh In
BURL has been the topic of a number of recent research reports. Citigroup upped their target price on Burlington Stores from $351.00 to $380.00 and gave the company a “buy” rating in a research report on Friday, March 6th. Robert W. Baird upped their target price on Burlington Stores from $345.00 to $375.00 and gave the company an “outperform” rating in a research report on Friday, March 6th. Wall Street Zen lowered Burlington Stores from a “buy” rating to a “hold” rating in a research report on Saturday, April 25th. Jefferies Financial Group restated a “buy” rating and issued a $370.00 price objective on shares of Burlington Stores in a research report on Thursday, March 5th. Finally, Weiss Ratings upgraded Burlington Stores from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, March 23rd. Sixteen analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $355.44.
View Our Latest Stock Analysis on Burlington Stores
Insider Buying and Selling
In other Burlington Stores news, COO Travis Marquette sold 3,759 shares of the company’s stock in a transaction that occurred on Tuesday, March 24th. The stock was sold at an average price of $327.75, for a total value of $1,232,012.25. Following the sale, the chief operating officer owned 26,350 shares in the company, valued at approximately $8,636,212.50. This represents a 12.48% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 1.30% of the company’s stock.
Burlington Stores Profile
Burlington Stores, Inc is an American off-price retailer that sells apparel and home goods at discounted prices. The company’s merchandise assortment includes clothing for women, men and children, plus baby products, footwear, accessories, beauty items, toys and home décor. Burlington’s merchandising strategy focuses on offering branded and private-label goods at lower prices than traditional department stores by sourcing excess inventory, closeouts and opportunistic buys from manufacturers and other retailers.
The business traces its roots to the Burlington Coat Factory name established in the early 1970s and has since evolved into a broader off-price retailer that carries a wide range of seasonal and everyday merchandise.
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