Gulf International Bank UK Ltd Reduces Position in Burlington Stores, Inc. (NYSE:BURL)

Gulf International Bank UK Ltd trimmed its position in Burlington Stores, Inc. (NYSE:BURL) by 1.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,071 shares of the company’s stock after selling 52 shares during the quarter. Gulf International Bank UK Ltd’s holdings in Burlington Stores were worth $1,445,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Argonautica Private Wealth Management Inc. lifted its holdings in shares of Burlington Stores by 1.1% in the fourth quarter. Argonautica Private Wealth Management Inc. now owns 3,728 shares of the company’s stock worth $1,063,000 after buying an additional 39 shares in the last quarter. IFP Advisors Inc lifted its holdings in shares of Burlington Stores by 81.6% in the fourth quarter. IFP Advisors Inc now owns 89 shares of the company’s stock worth $25,000 after buying an additional 40 shares in the last quarter. Legacy Capital Wealth Partners LLC lifted its holdings in shares of Burlington Stores by 4.2% in the fourth quarter. Legacy Capital Wealth Partners LLC now owns 1,051 shares of the company’s stock worth $300,000 after buying an additional 42 shares in the last quarter. MassMutual Private Wealth & Trust FSB lifted its holdings 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 worth $49,000 after buying an additional 46 shares in the last quarter. Finally, M&T Bank Corp increased its position in shares of Burlington Stores by 1.5% in the third quarter. M&T Bank Corp now owns 3,089 shares of the company’s stock worth $813,000 after purchasing an additional 47 shares during the last quarter.

Burlington Stores Stock Up 2.7 %

Shares of NYSE BURL opened at $249.42 on Friday. Burlington Stores, Inc. has a one year low of $174.64 and a one year high of $298.89. The company has a debt-to-equity ratio of 1.35, a current ratio of 1.17 and a quick ratio of 0.54. The firm’s 50 day simple moving average is $273.18 and its two-hundred day simple moving average is $270.36. The stock has a market capitalization of $15.83 billion, a P/E ratio of 34.17, a PEG ratio of 1.11 and a beta of 1.62.

Insider Transactions at Burlington Stores

In other news, CMO Jennifer Vecchio sold 493 shares of the firm’s stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $275.75, for a total value of $135,944.75. Following the transaction, the chief marketing officer now owns 58,944 shares in the company, valued at approximately $16,253,808. This trade represents a 0.83 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Over the last 90 days, insiders have sold 1,481 shares of company stock worth $421,892. Insiders own 0.91% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on BURL shares. UBS Group upgraded shares of Burlington Stores from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $280.00 to $360.00 in a research report on Friday, January 10th. Morgan Stanley upped their price objective on shares of Burlington Stores from $285.00 to $305.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 27th. Barclays decreased their price objective on shares of Burlington Stores from $327.00 to $317.00 and set an “overweight” rating on the stock in a research report on Wednesday, November 27th. Telsey Advisory Group restated an “outperform” rating and issued a $340.00 price objective on shares of Burlington Stores in a research report on Thursday. Finally, TD Cowen upped their price objective on shares of Burlington Stores from $334.00 to $339.00 and gave the stock a “buy” rating in a research report on Thursday, December 12th. One equities research analyst has rated the stock with a hold rating and fifteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $319.87.

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.