Burlington Stores, Inc. (NYSE:BURL) Shares Sold by Summit Investment Advisors Inc.

Summit Investment Advisors Inc. lessened its stake in Burlington Stores, Inc. (NYSE:BURL) by 2.6% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 12,615 shares of the company’s stock after selling 335 shares during the period. Summit Investment Advisors Inc.’s holdings in Burlington Stores were worth $3,596,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in BURL. IFP Advisors Inc raised its stake in shares of Burlington Stores by 81.6% during the fourth quarter. IFP Advisors Inc now owns 89 shares of the company’s stock worth $25,000 after purchasing an additional 40 shares during the last quarter. Fortitude Family Office LLC increased its stake in Burlington Stores by 148.6% in the 4th quarter. Fortitude Family Office LLC now owns 92 shares of the company’s stock valued at $26,000 after buying an additional 55 shares during the period. Stonebridge Financial Group LLC purchased a new position in Burlington Stores during the 4th quarter worth $31,000. Farther Finance Advisors LLC lifted its stake in shares of Burlington Stores by 104.5% in the 4th quarter. Farther Finance Advisors LLC now owns 135 shares of the company’s stock worth $38,000 after acquiring an additional 69 shares during the period. Finally, Parkside Financial Bank & Trust boosted its holdings in shares of Burlington Stores by 157.1% in the fourth quarter. Parkside Financial Bank & Trust now owns 144 shares of the company’s stock valued at $41,000 after acquiring an additional 88 shares in the last quarter.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the stock. Morgan Stanley raised their price objective on shares of Burlington Stores from $296.00 to $297.00 and gave the company an “overweight” rating in a research report on Friday, March 7th. Telsey Advisory Group restated an “outperform” rating and issued a $340.00 price target on shares of Burlington Stores in a research note on Thursday, March 6th. Barclays upped their price objective on Burlington Stores from $317.00 to $329.00 and gave the stock an “overweight” rating in a report on Friday, March 7th. Robert W. Baird raised their target price on Burlington Stores from $330.00 to $335.00 and gave the company an “outperform” rating in a report on Friday, March 7th. Finally, Citigroup lowered their price target on shares of 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 research analyst has rated the stock with a hold rating and fifteen have assigned a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $323.20.

Burlington Stores Trading Down 1.2 %

Shares of BURL opened at $240.59 on Monday. Burlington Stores, Inc. has a 1-year low of $174.64 and a 1-year high of $298.89. 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 firm has a 50 day simple moving average of $241.92 and a 200-day simple moving average of $263.38. The stock has a market cap of $15.15 billion, a price-to-earnings ratio of 32.96, a price-to-earnings-growth 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 for the quarter, topping the consensus estimate of $3.75 by $0.32. Burlington Stores had a return on equity of 47.52% and a net margin of 4.49%. The company had revenue of $3.28 billion during the quarter, compared to the consensus estimate of $3.25 billion. Equities analysts forecast that Burlington Stores, Inc. will post 7.93 EPS for the current fiscal year.

Insider Activity at Burlington Stores

In other Burlington Stores news, CMO Jennifer Vecchio sold 4,939 shares of Burlington Stores stock in a transaction that occurred on 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 directly owns 70,006 shares of the company’s stock, valued at approximately $16,797,239.64. The trade was a 6.59 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.91% of the stock is currently owned by corporate insiders.

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.