Vestmark Advisory Solutions Inc. Has $209,000 Position in Burlington Stores, Inc. (NYSE:BURL)

Vestmark Advisory Solutions Inc. reduced its stake in Burlington Stores, Inc. (NYSE:BURL) by 9.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 732 shares of the company’s stock after selling 76 shares during the period. Vestmark Advisory Solutions Inc.’s holdings in Burlington Stores were worth $209,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of the business. Raymond James Financial Inc. acquired a new position in shares of Burlington Stores in the fourth quarter valued at about $17,330,000. Arizona State Retirement System lifted its holdings in shares of Burlington Stores by 1.1% in the fourth quarter. Arizona State Retirement System now owns 18,490 shares of the company’s stock worth $5,271,000 after acquiring an additional 203 shares during the last quarter. Proficio Capital Partners LLC bought a new position in Burlington Stores in the 4th quarter valued at approximately $20,965,000. Assetmark Inc. raised its holdings in Burlington Stores by 9.9% in the 4th quarter. Assetmark Inc. now owns 712 shares of the company’s stock valued at $203,000 after buying an additional 64 shares during the last quarter. Finally, Victory Capital Management Inc. raised its holdings in Burlington Stores by 52.7% in the 4th quarter. Victory Capital Management Inc. now owns 222,151 shares of the company’s stock valued at $63,326,000 after buying an additional 76,684 shares during the last quarter.

Burlington Stores Stock Performance

NYSE:BURL opened at $239.98 on Monday. The company has a debt-to-equity ratio of 1.35, a current ratio of 1.17 and a quick ratio of 0.54. Burlington Stores, Inc. has a 1-year low of $174.64 and a 1-year high of $298.89. The business has a 50 day moving average of $268.22 and a 200 day moving average of $269.56. The company has a market capitalization of $15.23 billion, a price-to-earnings ratio of 32.87, a PEG ratio of 1.11 and a beta of 1.73.

Burlington Stores (NYSE:BURL) last announced its quarterly earnings data on Thursday, March 6th. The company reported $4.07 earnings per share for the quarter, beating 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 firm had revenue of $3.28 billion during the quarter, compared to the consensus estimate of $3.25 billion. On average, sell-side analysts predict that Burlington Stores, Inc. will post 7.93 earnings per share for the current fiscal year.

Insider Buying and Selling at Burlington Stores

In other news, CMO Jennifer Vecchio sold 493 shares of the business’s stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $275.75, for a total transaction of $135,944.75. Following the transaction, 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 filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.91% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the stock. Robert W. Baird increased their target price on shares of Burlington Stores from $330.00 to $335.00 and gave the company an “outperform” rating in a research report on Friday. Evercore ISI increased their target price on Burlington Stores from $315.00 to $340.00 and gave the stock an “outperform” rating in a report on Wednesday, November 27th. Barclays increased their target price on Burlington Stores from $317.00 to $329.00 and gave the stock an “overweight” rating in a report on Friday. Morgan Stanley increased their target price on Burlington Stores from $296.00 to $297.00 and gave the stock an “overweight” rating in a report on Friday. Finally, Telsey Advisory Group restated an “outperform” rating and set a $340.00 price objective on shares of Burlington Stores in a research note on Thursday. One equities research analyst has rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $323.20.

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.