Zions Bancorporation N.A. Grows Position in Burlington Stores, Inc. (NYSE:BURL)

Zions Bancorporation N.A. lifted its position in Burlington Stores, Inc. (NYSE:BURL) by 21.3% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 12,830 shares of the company’s stock after purchasing an additional 2,257 shares during the period. Zions Bancorporation N.A.’s holdings in Burlington Stores were worth $3,657,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the company. Sheets Smith Investment Management bought a new stake in Burlington Stores in the 4th quarter worth $905,000. Emerald Advisers LLC boosted its holdings in shares of Burlington Stores by 60.6% during the fourth quarter. Emerald Advisers LLC now owns 2,244 shares of the company’s stock worth $640,000 after purchasing an additional 847 shares during the period. Stevens Capital Management LP bought a new stake in shares of Burlington Stores in the fourth quarter worth about $536,000. LPL Financial LLC increased its holdings in Burlington Stores by 18.6% during the 4th quarter. LPL Financial LLC now owns 19,567 shares of the company’s stock valued at $5,648,000 after purchasing an additional 3,071 shares during the period. Finally, KLP Kapitalforvaltning AS bought a new position in Burlington Stores during the 4th quarter valued at approximately $6,556,000.

Burlington Stores Price Performance

Shares of NYSE:BURL opened at $248.84 on Tuesday. The business has a fifty day moving average price of $257.35 and a 200-day moving average price of $266.95. 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 company has a market capitalization of $15.73 billion, a PE ratio of 34.09, a PEG ratio of 1.11 and a beta of 1.73. Burlington Stores, Inc. has a 1-year low of $174.64 and a 1-year high of $298.89.

Burlington Stores (NYSE:BURL) last released its quarterly earnings data on Thursday, March 6th. The company reported $4.07 earnings per share for the quarter, beating analysts’ consensus estimates of $3.75 by $0.32. The business had revenue of $3.28 billion during the quarter, compared to analyst estimates of $3.25 billion. Burlington Stores had a net margin of 4.49% and a return on equity of 47.52%. As a group, equities analysts expect that Burlington Stores, Inc. will post 7.93 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the company. Robert W. Baird lifted their price objective on Burlington Stores from $330.00 to $335.00 and gave the stock an “outperform” rating in a research report on Friday, March 7th. Morgan Stanley boosted their price objective on shares of Burlington Stores from $296.00 to $297.00 and gave the company an “overweight” rating in a research report on Friday, March 7th. Evercore ISI upped their price objective on shares of Burlington Stores from $315.00 to $340.00 and gave the stock an “outperform” rating in a report on Wednesday, November 27th. Telsey Advisory Group reaffirmed an “outperform” rating and set a $340.00 target price on shares of Burlington Stores in a research note on Thursday, March 6th. Finally, Barclays increased their price target on shares of Burlington Stores from $317.00 to $329.00 and gave the stock an “overweight” rating in a research note on Friday, March 7th. One investment analyst has rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $323.20.

Insider Buying and Selling

In related news, CMO Jennifer Vecchio sold 493 shares of the stock in a transaction 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 sale, the chief marketing officer now directly owns 58,944 shares of the company’s stock, valued at $16,253,808. This trade represents a 0.83 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Insiders sold a total of 5,926 shares of company stock worth $1,461,774 in the last three months. Insiders own 0.91% of the company’s stock.

Burlington Stores Company 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.