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

Proficio Capital Partners LLC acquired a new stake in Burlington Stores, Inc. (NYSE:BURL) in the 4th quarter, according to the company in its most recent filing with the SEC. The fund acquired 73,545 shares of the company’s stock, valued at approximately $20,965,000. Proficio Capital Partners LLC owned approximately 0.12% of Burlington Stores as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the stock. IFP Advisors Inc grew its stake in Burlington Stores by 81.6% in the fourth quarter. IFP Advisors Inc now owns 89 shares of the company’s stock valued at $25,000 after acquiring an additional 40 shares during the period. Fortitude Family Office LLC lifted its holdings in shares of Burlington Stores by 148.6% in the 4th quarter. Fortitude Family Office LLC now owns 92 shares of the company’s stock worth $26,000 after purchasing an additional 55 shares in the last quarter. RPg Family Wealth Advisory LLC acquired a new stake in Burlington Stores in the 3rd quarter valued at $26,000. Stonebridge Financial Group LLC bought a new stake in Burlington Stores during the 4th quarter valued at $31,000. Finally, Brooklyn Investment Group acquired a new position in Burlington Stores during the third quarter worth $33,000.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on BURL. Telsey Advisory Group reiterated an “outperform” rating and set a $340.00 price objective on shares of Burlington Stores in a report on Thursday. Barclays decreased their price objective on Burlington Stores from $327.00 to $317.00 and set an “overweight” rating for the company in a report on Wednesday, November 27th. TD Cowen raised their target price on Burlington Stores from $334.00 to $339.00 and gave the company a “buy” rating in a report on Thursday, December 12th. UBS Group raised Burlington Stores from a “neutral” rating to a “buy” rating and lifted their target price for the company from $280.00 to $360.00 in a research report on Friday, January 10th. Finally, Citigroup increased their price target on Burlington Stores from $313.00 to $344.00 and gave the company a “buy” rating in a research report on Wednesday, November 27th. One analyst has rated the stock with a hold rating and fifteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Burlington Stores presently has a consensus rating of “Moderate Buy” and an average price target of $319.87.

Insider Buying and Selling at Burlington Stores

In related news, CMO Jennifer Vecchio sold 494 shares of the company’s stock in a transaction that occurred 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 transaction, the chief marketing officer now directly owns 59,437 shares in the company, valued at approximately $16,936,573.15. This represents a 0.82 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders have sold a total of 1,481 shares of company stock valued at $421,892 in the last 90 days. Corporate insiders own 0.91% of the company’s stock.

Burlington Stores Trading Up 2.7 %

Burlington Stores stock opened at $249.42 on Friday. The company has a debt-to-equity ratio of 1.35, a quick ratio of 0.54 and a current ratio of 1.17. Burlington Stores, Inc. has a fifty-two week low of $174.64 and a fifty-two week high of $298.89. The stock has a market cap of $15.83 billion, a P/E ratio of 34.17, a PEG ratio of 1.11 and a beta of 1.62. The firm’s fifty day moving average price is $273.18 and its 200-day moving average price is $270.36.

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.