Stephens Investment Management Group LLC Sells 5,159 Shares of Burlington Stores, Inc. (NYSE:BURL)

Stephens Investment Management Group LLC trimmed its position in shares of Burlington Stores, Inc. (NYSE:BURL) by 1.3% during the fourth quarter, Holdings Channel reports. The firm owned 398,822 shares of the company’s stock after selling 5,159 shares during the quarter. Burlington Stores comprises approximately 1.5% of Stephens Investment Management Group LLC’s holdings, making the stock its 4th biggest position. Stephens Investment Management Group LLC’s holdings in Burlington Stores were worth $113,688,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in BURL. MassMutual Private Wealth & Trust FSB raised its position in shares of Burlington Stores by 36.5% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 172 shares of the company’s stock valued at $49,000 after buying an additional 46 shares during the last quarter. M&T Bank Corp increased its holdings in shares of Burlington Stores by 1.5% during the 3rd quarter. M&T Bank Corp now owns 3,089 shares of the company’s stock worth $813,000 after buying an additional 47 shares during the last quarter. Tributary Capital Management LLC raised its position in shares of Burlington Stores by 1.0% in the 3rd quarter. Tributary Capital Management LLC now owns 4,991 shares of the company’s stock worth $1,315,000 after buying an additional 50 shares during the period. Mount Lucas Management LP boosted its holdings in Burlington Stores by 2.4% in the third quarter. Mount Lucas Management LP now owns 2,266 shares of the company’s stock valued at $597,000 after acquiring an additional 54 shares during the last quarter. Finally, OneDigital Investment Advisors LLC grew its position in Burlington Stores by 5.5% during the third quarter. OneDigital Investment Advisors LLC now owns 1,027 shares of the company’s stock valued at $271,000 after acquiring an additional 54 shares during the period.

Insiders Place Their Bets

In related news, CMO Jennifer Vecchio sold 493 shares of the stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $275.75, for a total value of $135,944.75. Following the sale, the chief marketing officer now owns 58,944 shares of the company’s stock, valued at $16,253,808. This trade represents a 0.83 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders have sold 1,481 shares of company stock valued at $421,892 over the last quarter. Insiders own 0.91% of the company’s stock.

Burlington Stores Price Performance

Shares of NYSE BURL opened at $260.05 on Friday. 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 company has a market capitalization of $16.51 billion, a price-to-earnings ratio of 35.62, a price-to-earnings-growth ratio of 1.24 and a beta of 1.62. Burlington Stores, Inc. has a twelve month low of $174.64 and a twelve month high of $298.89. The business has a 50 day simple moving average of $286.32 and a 200-day simple moving average of $271.05.

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

Analyst Ratings Changes

A number of research analysts have weighed in on BURL shares. TD Cowen lifted 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. Evercore ISI raised their price objective on Burlington Stores from $315.00 to $340.00 and gave the company an “outperform” rating in a research report on Wednesday, November 27th. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $310.00 target price on shares of Burlington Stores in a research report on Tuesday, November 26th. Morgan Stanley raised their target price on Burlington Stores from $285.00 to $305.00 and gave the company an “overweight” rating in a report on Wednesday, November 27th. Finally, StockNews.com cut Burlington Stores from a “buy” rating to a “hold” rating in a report on Wednesday, October 23rd. One equities research analyst has rated the stock with a hold rating and fifteen have given a buy rating to the stock. According to MarketBeat, Burlington Stores presently has a consensus rating of “Moderate Buy” and an average 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.