Allstate Corp Takes Position in Burlington Stores, Inc. (NYSE:BURL)

Allstate Corp acquired a new position in shares of Burlington Stores, Inc. (NYSE:BURL) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 1,865 shares of the company’s stock, valued at approximately $532,000.

Other hedge funds have also bought and sold shares of the company. Quantbot Technologies LP bought a new position in shares of Burlington Stores during the third quarter valued at approximately $638,000. Townsquare Capital LLC grew its position in Burlington Stores by 17.5% in the 3rd quarter. Townsquare Capital LLC now owns 1,655 shares of the company’s stock valued at $436,000 after acquiring an additional 246 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Burlington Stores by 48.5% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 21,087 shares of the company’s stock worth $5,556,000 after purchasing an additional 6,887 shares during the period. Captrust Financial Advisors lifted its position in shares of Burlington Stores by 1.7% during the third quarter. Captrust Financial Advisors now owns 4,413 shares of the company’s stock worth $1,163,000 after purchasing an additional 75 shares during the last quarter. Finally, Caisse DE Depot ET Placement DU Quebec purchased a new stake in shares of Burlington Stores during the third quarter valued at $2,213,000.

Burlington Stores Stock Performance

Shares of BURL stock opened at $242.59 on Wednesday. Burlington Stores, Inc. has a 12-month low of $174.64 and a 12-month high of $298.89. The business’s fifty day simple moving average is $251.88 and its 200-day simple moving average is $265.87. The company has a current ratio of 1.17, a quick ratio of 0.54 and a debt-to-equity ratio of 1.35. The company has a market cap of $15.33 billion, a PE ratio of 33.23, a PEG ratio of 1.11 and a beta of 1.73.

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

Analyst Upgrades and Downgrades

A number of equities analysts have commented on BURL shares. Citigroup dropped their target price on shares of Burlington Stores from $344.00 to $340.00 and set a “buy” rating on the stock in a research note on Friday, March 7th. UBS Group raised their price objective on Burlington Stores from $360.00 to $405.00 and gave the stock a “buy” rating in a report on Friday, March 7th. Barclays increased their price target on Burlington Stores from $317.00 to $329.00 and gave the stock an “overweight” rating in a research report on Friday, March 7th. Robert W. Baird lifted their price objective on Burlington Stores from $330.00 to $335.00 and gave the company an “outperform” rating in a report on Friday, March 7th. Finally, Telsey Advisory Group restated an “outperform” rating and issued a $340.00 price target on shares of Burlington Stores in a report on Thursday, March 6th. One investment analyst has rated the stock with a hold rating and fifteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $323.20.

Insider Activity at Burlington Stores

In related news, CMO Jennifer Vecchio sold 493 shares of the firm’s stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $275.75, for a total value of $135,944.75. Following the completion of the transaction, the chief marketing officer now owns 58,944 shares in the company, valued at $16,253,808. This trade represents a 0.83 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Insiders sold 5,926 shares of company stock valued at $1,461,774 in the last three months. 0.91% of the stock is owned by 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.