Burlington Stores, Inc. (NYSE:BURL) Shares Bought by EverSource Wealth Advisors LLC

EverSource Wealth Advisors LLC raised its holdings in Burlington Stores, Inc. (NYSE:BURL) by 18.3% in the fourth quarter, Holdings Channel.com reports. The fund owned 317 shares of the company’s stock after buying an additional 49 shares during the quarter. EverSource Wealth Advisors LLC’s holdings in Burlington Stores were worth $90,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Geode Capital Management LLC lifted its holdings in Burlington Stores by 1.7% in the third quarter. Geode Capital Management LLC now owns 1,074,960 shares of the company’s stock valued at $282,582,000 after acquiring an additional 18,160 shares during the period. Massachusetts Financial Services Co. MA lifted its holdings in Burlington Stores by 1,048.8% in the third quarter. Massachusetts Financial Services Co. MA now owns 730,524 shares of the company’s stock valued at $192,478,000 after acquiring an additional 666,934 shares during the period. Jennison Associates LLC lifted its holdings in Burlington Stores by 2.4% in the third quarter. Jennison Associates LLC now owns 510,074 shares of the company’s stock valued at $134,394,000 after acquiring an additional 12,143 shares during the period. Artemis Investment Management LLP lifted its holdings in Burlington Stores by 6.6% in the fourth quarter. Artemis Investment Management LLP now owns 396,938 shares of the company’s stock valued at $113,151,000 after acquiring an additional 24,576 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its holdings in Burlington Stores by 0.3% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 395,950 shares of the company’s stock valued at $112,870,000 after acquiring an additional 1,368 shares during the period.

Burlington Stores Stock Down 0.1 %

BURL opened at $233.91 on Wednesday. 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 stock has a market capitalization of $14.85 billion, a price-to-earnings ratio of 32.04, a price-to-earnings-growth ratio of 1.11 and a beta of 1.73. The business has a 50-day moving average of $260.94 and a two-hundred day moving average of $267.67. Burlington Stores, Inc. has a 12 month low of $174.64 and a 12 month high of $298.89.

Burlington Stores (NYSE:BURL) last posted its quarterly earnings results on Thursday, March 6th. The company reported $4.07 EPS for the quarter, beating the consensus estimate of $3.75 by $0.32. The company had revenue of $3.28 billion during the quarter, compared to analysts’ expectations of $3.25 billion. Burlington Stores had a return on equity of 47.52% and a net margin of 4.49%. On average, research analysts expect that Burlington Stores, Inc. will post 7.93 earnings per share for the current year.

Insider Transactions at Burlington Stores

In other news, CMO Jennifer Vecchio sold 494 shares of the business’s stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $284.95, for a total transaction of $140,765.30. Following the completion of the sale, the chief marketing officer now owns 59,437 shares in the company, valued at approximately $16,936,573.15. The trade was a 0.82 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.91% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently issued reports on BURL shares. UBS Group lifted their price target on Burlington Stores from $360.00 to $405.00 and gave the stock a “buy” rating in a research note on Friday, March 7th. Robert W. Baird lifted 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 cut their price target on Burlington Stores from $344.00 to $340.00 and set a “buy” rating for the company in a research note on Friday, March 7th. TD Cowen lifted 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. Finally, Morgan Stanley lifted their price target on Burlington Stores from $296.00 to $297.00 and gave the stock an “overweight” rating in a research note on Friday, March 7th. One research analyst has rated the stock with a hold rating and fifteen have given a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $323.20.

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.