Burlington Stores, Inc. (NYSE:BURL) Shares Sold by Pacer Advisors Inc.

Pacer Advisors Inc. lowered its stake in Burlington Stores, Inc. (NYSE:BURL) by 1.8% during the fourth quarter, Holdings Channel.com reports. The fund owned 12,284 shares of the company’s stock after selling 219 shares during the quarter. Pacer Advisors Inc.’s holdings in Burlington Stores were worth $3,502,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in BURL. Sumitomo Mitsui Trust Group Inc. grew its position in shares of Burlington Stores by 2.3% in the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 145,552 shares of the company’s stock valued at $38,350,000 after purchasing an additional 3,246 shares during the period. Alpha DNA Investment Management LLC acquired a new stake in Burlington Stores in the 3rd quarter worth about $764,000. Logan Capital Management Inc. increased its stake in Burlington Stores by 9.1% during the 3rd quarter. Logan Capital Management Inc. now owns 56,354 shares of the company’s stock worth $14,848,000 after buying an additional 4,695 shares in the last quarter. Dai ichi Life Insurance Company Ltd acquired a new position in shares of Burlington Stores during the third quarter valued at approximately $1,190,000. Finally, HB Wealth Management LLC purchased a new position in shares of Burlington Stores in the fourth quarter valued at approximately $265,000.

Wall Street Analyst Weigh In

Several analysts recently commented on the company. Barclays dropped their price target on Burlington Stores from $327.00 to $317.00 and set an “overweight” rating for the company in a research report on Wednesday, November 27th. TD Cowen increased their target price 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 boosted their price target on shares of Burlington Stores from $315.00 to $340.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 27th. Morgan Stanley increased their price objective on shares of Burlington Stores from $285.00 to $305.00 and gave the company an “overweight” rating in a report on Wednesday, November 27th. Finally, UBS Group upgraded Burlington Stores from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $280.00 to $360.00 in a report on Friday, January 10th. One analyst has rated the stock with a hold rating and fifteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $317.87.

Insider Transactions 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 transaction of $140,765.30. Following the sale, the chief marketing officer now directly owns 59,437 shares of the company’s stock, valued at $16,936,573.15. This represents a 0.82 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.91% of the company’s stock.

Burlington Stores Price Performance

NYSE:BURL opened at $293.73 on Friday. Burlington Stores, Inc. has a 52 week low of $174.64 and a 52 week high of $298.89. The stock’s fifty day moving average is $288.26 and its two-hundred day moving average is $269.99. The company has a market capitalization of $18.65 billion, a P/E ratio of 40.24, a P/E/G ratio of 1.55 and a beta of 1.63. The company has a quick ratio of 0.54, a current ratio of 1.17 and a debt-to-equity ratio of 1.35.

Burlington Stores (NYSE:BURL) last issued its quarterly earnings data on Tuesday, November 26th. The company reported $1.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.54 by $0.01. The firm had revenue of $2.53 billion for the quarter, compared to analyst estimates of $2.55 billion. Burlington Stores had a net margin of 4.49% and a return on equity of 47.52%. Burlington Stores’s revenue was up 10.5% on a year-over-year basis. During the same period in the previous year, the firm earned $0.98 EPS. Equities analysts expect that Burlington Stores, Inc. will post 7.93 EPS for the current year.

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.