Pacer Advisors Inc. Sells 219 Shares of Burlington Stores, Inc. (NYSE:BURL)

Pacer Advisors Inc. reduced its holdings in shares of Burlington Stores, Inc. (NYSE:BURL) by 1.8% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 12,284 shares of the company’s stock after selling 219 shares during the period. Pacer Advisors Inc.’s holdings in Burlington Stores were worth $3,502,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of BURL. Creative Planning boosted its stake in shares of Burlington Stores by 22.6% during the second quarter. Creative Planning now owns 4,192 shares of the company’s stock valued at $1,006,000 after purchasing an additional 773 shares during the period. Cetera Investment Advisers grew its stake in Burlington Stores by 0.5% in the 2nd quarter. Cetera Investment Advisers now owns 12,340 shares of the company’s stock worth $2,962,000 after acquiring an additional 61 shares in the last quarter. Teachers Retirement System of The State of Kentucky increased its position in shares of Burlington Stores by 17.3% during the second quarter. Teachers Retirement System of The State of Kentucky now owns 21,000 shares of the company’s stock worth $5,040,000 after acquiring an additional 3,094 shares during the period. Sanctuary Advisors LLC bought a new stake in shares of Burlington Stores during the second quarter valued at approximately $488,000. Finally, Handelsbanken Fonder AB boosted its holdings in shares of Burlington Stores by 0.6% in the third quarter. Handelsbanken Fonder AB now owns 16,000 shares of the company’s stock valued at $4,216,000 after purchasing an additional 100 shares during the period.

Insider Buying and Selling at Burlington Stores

In other news, CMO Jennifer Vecchio sold 494 shares of the company’s stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $284.95, for a total value of $140,765.30. Following the sale, the chief marketing officer now directly owns 59,437 shares of the company’s stock, valued at $16,936,573.15. This represents a 0.82 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.91% of the company’s stock.

Burlington Stores Price Performance

Shares of NYSE BURL opened at $293.73 on Friday. Burlington Stores, Inc. has a fifty-two week low of $174.64 and a fifty-two week high of $298.89. The company has a market cap of $18.65 billion, a PE ratio of 40.24, a P/E/G ratio of 1.55 and a beta of 1.63. The company has a debt-to-equity ratio of 1.35, a quick ratio of 0.54 and a current ratio of 1.17. The business has a 50-day simple moving average of $288.26 and a two-hundred day simple moving average of $269.99.

Burlington Stores (NYSE:BURL) last released its earnings results on Tuesday, November 26th. The company reported $1.55 EPS for the quarter, topping analysts’ consensus estimates of $1.54 by $0.01. The company had revenue of $2.53 billion during the quarter, compared to analysts’ expectations of $2.55 billion. Burlington Stores had a net margin of 4.49% and a return on equity of 47.52%. Burlington Stores’s revenue for the quarter was up 10.5% on a year-over-year basis. During the same period last year, the business earned $0.98 EPS. As a group, equities analysts expect that Burlington Stores, Inc. will post 7.93 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on BURL. Barclays decreased their target price on Burlington Stores from $327.00 to $317.00 and set an “overweight” rating for the company in a research report on Wednesday, November 27th. Robert W. Baird upped their price objective on shares of Burlington Stores from $315.00 to $330.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 27th. Telsey Advisory Group reissued an “outperform” rating and set a $310.00 target price on shares of Burlington Stores in a research report on Tuesday, November 26th. Citigroup upped their price target on shares of Burlington Stores from $313.00 to $344.00 and gave the stock a “buy” rating in a research report on Wednesday, November 27th. Finally, StockNews.com downgraded shares of Burlington Stores from a “buy” rating to a “hold” rating in a research note on Wednesday, October 23rd. One investment analyst has rated the stock with a hold rating and fifteen have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $317.87.

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.