HighPoint Advisor Group LLC Sells 68 Shares of Burlington Stores, Inc. (NYSE:BURL)

HighPoint Advisor Group LLC lessened its position in shares of Burlington Stores, Inc. (NYSE:BURL) by 5.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,180 shares of the company’s stock after selling 68 shares during the quarter. HighPoint Advisor Group LLC’s holdings in Burlington Stores were worth $336,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in BURL. IFP Advisors Inc boosted its stake in shares of Burlington Stores by 81.6% in 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 last quarter. Fortitude Family Office LLC boosted its stake in Burlington Stores by 148.6% in the fourth quarter. Fortitude Family Office LLC now owns 92 shares of the company’s stock valued at $26,000 after acquiring an additional 55 shares during the last quarter. Stonebridge Financial Group LLC acquired a new stake 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 valued at $38,000 after purchasing an additional 69 shares during the period. Finally, Parkside Financial Bank & Trust boosted its position in shares of Burlington Stores by 157.1% in the 4th quarter. Parkside Financial Bank & Trust now owns 144 shares of the company’s stock worth $41,000 after purchasing an additional 88 shares during the last quarter.

Burlington Stores Price Performance

NYSE BURL opened at $235.64 on Friday. Burlington Stores, Inc. has a 12-month low of $174.64 and a 12-month high of $298.89. The firm’s 50 day moving average is $250.09 and its 200-day moving average is $265.59. The company has a market capitalization of $14.89 billion, a PE ratio of 32.28, a price-to-earnings-growth ratio of 1.11 and a beta of 1.73. The company has a quick ratio of 0.54, a current ratio of 1.17 and a debt-to-equity ratio of 1.35.

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

Analysts Set New Price Targets

BURL has been the subject of a number of recent analyst reports. Morgan Stanley upped their price objective on Burlington Stores from $296.00 to $297.00 and gave the company an “overweight” rating in a report on Friday, March 7th. TD Cowen increased their price target on shares of Burlington Stores from $334.00 to $339.00 and gave the company a “buy” rating in a research report on Thursday, December 12th. Barclays upped their target price on shares of Burlington Stores from $317.00 to $329.00 and gave the company an “overweight” rating in a research note on Friday, March 7th. Telsey Advisory Group reissued an “outperform” rating and set a $340.00 price target on shares of Burlington Stores in a research report on Thursday, March 6th. Finally, Robert W. Baird upped their price objective on shares of Burlington Stores from $330.00 to $335.00 and gave the company an “outperform” rating in a research report on Friday, March 7th. One equities research 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.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $323.20.

Insider Buying and Selling at Burlington Stores

In other Burlington Stores news, CMO Jennifer Vecchio sold 4,939 shares of the stock in a transaction 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 owns 70,006 shares in the company, valued at $16,797,239.64. This trade represents a 6.59 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 0.91% of the company’s stock.

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.