Geode Capital Management LLC Buys 8,892 Shares of Burlington Stores, Inc. (NYSE:BURL)

Geode Capital Management LLC raised its stake in shares of Burlington Stores, Inc. (NYSE:BURL) by 0.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,083,852 shares of the company’s stock after acquiring an additional 8,892 shares during the period. Geode Capital Management LLC owned about 1.71% of Burlington Stores worth $308,403,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. IFP Advisors Inc lifted its position in shares of Burlington Stores by 81.6% during the fourth quarter. IFP Advisors Inc now owns 89 shares of the company’s stock valued at $25,000 after purchasing an additional 40 shares in the last quarter. Fortitude Family Office LLC lifted its position in shares of Burlington Stores by 148.6% during the 4th quarter. Fortitude Family Office LLC now owns 92 shares of the company’s stock worth $26,000 after buying an additional 55 shares in the last quarter. Stonebridge Financial Group LLC purchased a new position in shares of Burlington Stores in the 4th quarter worth approximately $31,000. Farther Finance Advisors LLC grew its holdings in shares of Burlington Stores by 104.5% in the fourth quarter. Farther Finance Advisors LLC now owns 135 shares of the company’s stock valued at $38,000 after acquiring an additional 69 shares in the last quarter. Finally, Parkside Financial Bank & Trust increased its position in shares of Burlington Stores by 157.1% during the fourth quarter. Parkside Financial Bank & Trust now owns 144 shares of the company’s stock valued at $41,000 after acquiring an additional 88 shares during the last quarter.

Insider Transactions at Burlington Stores

In related news, CMO Jennifer Vecchio sold 4,939 shares of the business’s stock in a transaction dated Thursday, March 20th. The stock was sold at an average price of $239.94, for a total transaction of $1,185,063.66. Following the completion of the transaction, the chief marketing officer now directly owns 70,006 shares in the company, valued at $16,797,239.64. The trade was a 6.59 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.91% of the company’s stock.

Burlington Stores Stock Down 2.2 %

BURL stock opened at $230.52 on Friday. The stock has a 50-day simple moving average of $248.86 and a two-hundred day simple moving average of $265.30. Burlington Stores, Inc. has a twelve month low of $174.64 and a twelve month high of $298.89. The firm has a market capitalization of $14.57 billion, a PE ratio of 31.58, a PEG ratio of 1.11 and a beta of 1.73. 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 Thursday, March 6th. The company reported $4.07 EPS for the quarter, beating the consensus estimate of $3.75 by $0.32. Burlington Stores had a net margin of 4.49% and a return on equity of 47.52%. The company had revenue of $3.28 billion during the quarter, compared to analysts’ expectations of $3.25 billion. On average, equities analysts predict that Burlington Stores, Inc. will post 7.93 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the company. Telsey Advisory Group restated an “outperform” rating and issued a $340.00 price objective on shares of Burlington Stores in a research note on Thursday, March 6th. TD Cowen raised their price objective on shares of Burlington Stores from $334.00 to $339.00 and gave the stock a “buy” rating in a report on Thursday, December 12th. 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. Morgan Stanley raised their price target on shares of Burlington Stores from $296.00 to $297.00 and gave the stock an “overweight” rating in a research note on Friday, March 7th. Finally, Robert W. Baird upped their price objective on Burlington Stores from $330.00 to $335.00 and gave the company an “outperform” rating in a research note on Friday, March 7th. One investment analyst has rated the stock with a hold rating and fifteen have issued a buy rating to the company. According to MarketBeat, Burlington Stores has a consensus rating of “Moderate Buy” and a consensus price target of $323.20.

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.