UniSuper Management Pty Ltd Has $342,000 Position in Burlington Stores, Inc. (NYSE:BURL)

UniSuper Management Pty Ltd cut its position in Burlington Stores, Inc. (NYSE:BURL) by 32.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,200 shares of the company’s stock after selling 587 shares during the quarter. UniSuper Management Pty Ltd’s holdings in Burlington Stores were worth $342,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in BURL. Quantbot Technologies LP acquired a new stake in Burlington Stores during the 3rd quarter worth approximately $638,000. Townsquare Capital LLC lifted its holdings in shares of Burlington Stores by 17.5% during the third quarter. Townsquare Capital LLC now owns 1,655 shares of the company’s stock worth $436,000 after purchasing an additional 246 shares during the period. Healthcare of Ontario Pension Plan Trust Fund acquired a new position in shares of Burlington Stores during the third quarter worth $2,055,000. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of 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 last quarter. Finally, Captrust Financial Advisors increased its holdings in Burlington Stores by 1.7% in the third quarter. Captrust Financial Advisors now owns 4,413 shares of the company’s stock valued at $1,163,000 after purchasing an additional 75 shares during the period.

Burlington Stores Price Performance

Shares of BURL opened at $238.36 on Tuesday. The business’s fifty day moving average is $252.81 and its 200 day moving average is $266.12. Burlington Stores, Inc. has a 12-month low of $174.64 and a 12-month high of $298.89. The company has a quick ratio of 0.54, a current ratio of 1.17 and a debt-to-equity ratio of 1.35. The stock has a market cap of $15.07 billion, a P/E ratio of 32.65, a P/E/G ratio of 1.11 and a beta of 1.73.

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. Burlington Stores had a net margin of 4.49% and a return on equity of 47.52%. The firm had revenue of $3.28 billion for the quarter, compared to analyst estimates of $3.25 billion. Sell-side analysts anticipate that Burlington Stores, Inc. will post 7.93 earnings per share for the current fiscal year.

Insider Buying and Selling at Burlington Stores

In other Burlington Stores news, CMO Jennifer Vecchio sold 4,939 shares of the firm’s stock in a transaction on 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 transaction, the chief marketing officer now directly owns 70,006 shares in the company, valued at approximately $16,797,239.64. This trade represents a 6.59 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In the last quarter, insiders sold 5,926 shares of company stock worth $1,461,774. Insiders own 0.91% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on BURL shares. Barclays upped their price target on Burlington Stores from $317.00 to $329.00 and gave the company an “overweight” rating in a research report on Friday, March 7th. Morgan Stanley increased their target price 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. Robert W. Baird upped their price objective on shares of Burlington Stores from $330.00 to $335.00 and gave the company an “outperform” rating in a research note on Friday, March 7th. Citigroup lowered their target price on shares of Burlington Stores from $344.00 to $340.00 and set a “buy” rating for the company in a research note on Friday, March 7th. Finally, UBS Group upped their price target on shares of Burlington Stores from $360.00 to $405.00 and gave the company a “buy” rating in a research report on Friday, March 7th. One equities research analyst has rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price 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.