Buckingham Capital Management Inc. Purchases 10,693 Shares of Burlington Stores, Inc. (NYSE:BURL)

Buckingham Capital Management Inc. boosted its position in Burlington Stores, Inc. (NYSE:BURL) by 159.0% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 17,419 shares of the company’s stock after purchasing an additional 10,693 shares during the quarter. Buckingham Capital Management Inc.’s holdings in Burlington Stores were worth $4,965,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the company. RPg Family Wealth Advisory LLC purchased a new stake in shares of Burlington Stores during the third quarter worth about $26,000. Fortitude Family Office LLC grew its stake in shares of Burlington Stores by 148.6% during the fourth quarter. Fortitude Family Office LLC now owns 92 shares of the company’s stock worth $26,000 after acquiring an additional 55 shares during the last quarter. Stonebridge Financial Group LLC purchased a new stake in shares of Burlington Stores during the fourth quarter worth about $31,000. Brooklyn Investment Group purchased a new stake in shares of Burlington Stores during the third quarter worth about $33,000. Finally, MassMutual Private Wealth & Trust FSB grew its stake in shares of Burlington Stores by 36.5% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 172 shares of the company’s stock worth $49,000 after acquiring an additional 46 shares during the last quarter.

Burlington Stores Trading Down 1.5 %

Shares of NYSE:BURL opened at $244.64 on Tuesday. Burlington Stores, Inc. has a 12-month low of $174.64 and a 12-month high of $298.89. The company has a market capitalization of $15.53 billion, a PE ratio of 33.51, a PEG ratio of 1.24 and a beta of 1.62. The business has a 50 day moving average of $281.46 and a two-hundred day moving average of $271.06. The company has a current ratio of 1.17, a quick ratio of 0.54 and a debt-to-equity ratio of 1.35.

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

Wall Street Analyst Weigh In

BURL has been the topic of a number of research analyst reports. Morgan Stanley boosted their price target on Burlington Stores from $285.00 to $305.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 27th. Robert W. Baird boosted their price target on Burlington Stores from $315.00 to $330.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 27th. Telsey Advisory Group restated an “outperform” rating and set a $310.00 price target on shares of Burlington Stores in a research note on Tuesday, November 26th. UBS Group upgraded Burlington Stores from a “neutral” rating to a “buy” rating and upped their target price for the company from $280.00 to $360.00 in a research report on Friday, January 10th. Finally, Barclays dropped their target price on Burlington Stores from $327.00 to $317.00 and set an “overweight” rating on the stock in a research report on Wednesday, November 27th. One equities research analyst has rated the stock with a hold rating and fifteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $317.87.

Insider Transactions at Burlington Stores

In other news, CMO Jennifer Vecchio sold 493 shares of the company’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 completion of the transaction, the chief marketing officer now directly owns 58,944 shares of the company’s stock, valued at $16,253,808. This represents a 0.83 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Insiders sold a total of 1,481 shares of company stock valued at $421,892 in the last three months. 0.91% of the stock is currently owned by company insiders.

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.