Proficio Capital Partners LLC Acquires New Position in Burlington Stores, Inc. (NYSE:BURL)

Proficio Capital Partners LLC bought a new position in Burlington Stores, Inc. (NYSE:BURL) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 73,545 shares of the company’s stock, valued at approximately $20,965,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Massachusetts Financial Services Co. MA grew its stake in shares of Burlington Stores by 1,048.8% during the third quarter. Massachusetts Financial Services Co. MA now owns 730,524 shares of the company’s stock valued at $192,478,000 after buying an additional 666,934 shares during the last quarter. Principal Financial Group Inc. boosted its holdings in Burlington Stores by 35.3% during the 4th quarter. Principal Financial Group Inc. now owns 227,020 shares of the company’s stock valued at $64,714,000 after acquiring an additional 59,173 shares during the period. Robeco Institutional Asset Management B.V. grew its position in Burlington Stores by 3,041.5% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 30,912 shares of the company’s stock worth $8,145,000 after acquiring an additional 29,928 shares during the last quarter. KBC Group NV increased its stake in Burlington Stores by 317.6% in the 3rd quarter. KBC Group NV now owns 37,563 shares of the company’s stock worth $9,897,000 after purchasing an additional 28,567 shares during the period. Finally, Point72 Hong Kong Ltd bought a new stake in Burlington Stores in the third quarter valued at approximately $7,462,000.

Burlington Stores Stock Performance

Shares of Burlington Stores stock opened at $249.42 on Friday. Burlington Stores, Inc. has a 12 month low of $174.64 and a 12 month high of $298.89. The firm has a market capitalization of $15.83 billion, a P/E ratio of 34.17, a P/E/G ratio of 1.11 and a beta of 1.62. The company has a current ratio of 1.17, a quick ratio of 0.54 and a debt-to-equity ratio of 1.35. The business has a fifty day simple moving average of $273.18 and a two-hundred day simple moving average of $270.36.

Wall Street Analyst Weigh In

BURL has been the topic of several recent analyst reports. UBS Group upgraded shares of Burlington Stores from a “neutral” rating to a “buy” rating and raised their target price for the stock from $280.00 to $360.00 in a report on Friday, January 10th. Robert W. Baird raised their price target on shares of Burlington Stores from $315.00 to $330.00 and gave the stock an “outperform” rating in a report on Wednesday, November 27th. Evercore ISI boosted their price objective on shares of Burlington Stores from $315.00 to $340.00 and gave the company an “outperform” rating in a research report on Wednesday, November 27th. Citigroup increased their target price on shares of Burlington Stores from $313.00 to $344.00 and gave the stock a “buy” rating in a report on Wednesday, November 27th. Finally, Telsey Advisory Group reaffirmed an “outperform” rating and set a $340.00 price target on shares of Burlington Stores in a research report on Thursday. One 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 company currently has a consensus rating of “Moderate Buy” and a consensus target price of $319.87.

Insiders Place Their Bets

In other Burlington Stores news, CMO Jennifer Vecchio sold 493 shares of the business’s stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $275.75, for a total value of $135,944.75. Following the sale, the chief marketing officer now directly owns 58,944 shares of the company’s stock, valued at approximately $16,253,808. The trade was a 0.83 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Over the last quarter, insiders have sold 1,481 shares of company stock worth $421,892. 0.91% of the stock is currently owned by company insiders.

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.