Peregrine Capital Management LLC Purchases 3,828 Shares of Burlington Stores, Inc. (NYSE:BURL)

Peregrine Capital Management LLC grew its holdings in shares of Burlington Stores, Inc. (NYSE:BURL) by 10.0% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 41,990 shares of the company’s stock after buying an additional 3,828 shares during the period. Peregrine Capital Management LLC owned 0.07% of Burlington Stores worth $11,970,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of BURL. Fortitude Family Office LLC grew its stake in shares of Burlington Stores by 148.6% in 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. RPg Family Wealth Advisory LLC bought a new position in Burlington Stores in the 3rd quarter worth about $26,000. Stonebridge Financial Group LLC purchased a new stake in Burlington Stores during the 4th quarter valued at about $31,000. Brooklyn Investment Group bought a new stake in Burlington Stores during the 3rd quarter valued at about $33,000. Finally, MassMutual Private Wealth & Trust FSB raised its holdings in 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 during the last quarter.

Burlington Stores Stock Performance

Shares of NYSE BURL opened at $244.64 on Tuesday. The company has a 50 day simple moving average of $281.46 and a two-hundred day simple moving average of $271.06. The stock has a market cap of $15.53 billion, a price-to-earnings ratio of 33.51, a PEG ratio of 1.24 and a beta of 1.62. 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, Inc. has a 12 month low of $174.64 and a 12 month high of $298.89.

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

Insider Activity at Burlington Stores

In related news, CMO Jennifer Vecchio sold 494 shares of the company’s stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $293.89, for a total value of $145,181.66. Following the completion of the transaction, the chief marketing officer now owns 59,931 shares of the company’s stock, valued at approximately $17,613,121.59. This represents a 0.82 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders sold a total of 1,481 shares of company stock worth $421,892 in the last three months. Company insiders own 0.91% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently weighed in on the stock. Citigroup boosted their price objective on shares of Burlington Stores from $313.00 to $344.00 and gave the company a “buy” rating in a report on Wednesday, November 27th. Evercore ISI lifted their price target on shares of Burlington Stores from $315.00 to $340.00 and gave the company an “outperform” rating in a report on Wednesday, November 27th. Robert W. Baird raised their price objective on Burlington Stores from $315.00 to $330.00 and gave the company an “outperform” rating in a research report on Wednesday, November 27th. Morgan Stanley upped their target price on shares of Burlington Stores from $285.00 to $305.00 and gave the company an “overweight” rating in a research report on Wednesday, November 27th. Finally, StockNews.com lowered shares of Burlington Stores from a “buy” rating to a “hold” rating in a research note on Wednesday, October 23rd. One analyst has rated the stock with a hold rating and fifteen have given a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $317.87.

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.