Procyon Advisors LLC Has $508,000 Position in Burlington Stores, Inc. (NYSE:BURL)

Procyon Advisors LLC lessened its holdings in Burlington Stores, Inc. (NYSE:BURL) by 18.5% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 1,781 shares of the company’s stock after selling 404 shares during the period. Procyon Advisors LLC’s holdings in Burlington Stores were worth $508,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently made changes to their positions in BURL. M&T Bank Corp lifted its position in shares of Burlington Stores by 1.5% during the 3rd quarter. M&T Bank Corp now owns 3,089 shares of the company’s stock worth $813,000 after buying an additional 47 shares during the period. Tributary Capital Management LLC grew its holdings in shares of Burlington Stores by 1.0% in the 3rd quarter. Tributary Capital Management LLC now owns 4,991 shares of the company’s stock worth $1,315,000 after purchasing an additional 50 shares during the last quarter. Mount Lucas Management LP increased its position in shares of Burlington Stores by 2.4% during the 3rd quarter. Mount Lucas Management LP now owns 2,266 shares of the company’s stock worth $597,000 after purchasing an additional 54 shares in the last quarter. OneDigital Investment Advisors LLC lifted its holdings in Burlington Stores by 5.5% during the 3rd quarter. OneDigital Investment Advisors LLC now owns 1,027 shares of the company’s stock valued at $271,000 after purchasing an additional 54 shares during the last quarter. Finally, Fortitude Family Office LLC boosted its position in Burlington Stores by 148.6% in the fourth quarter. Fortitude Family Office LLC now owns 92 shares of the company’s stock valued at $26,000 after buying an additional 55 shares in the last quarter.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the stock. Barclays dropped their price objective on shares of Burlington Stores from $327.00 to $317.00 and set an “overweight” rating for the company in a report on Wednesday, November 27th. UBS Group raised Burlington Stores from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $280.00 to $360.00 in a research note on Friday, January 10th. Morgan Stanley raised their target price on Burlington Stores from $285.00 to $305.00 and gave the company an “overweight” rating in a research note on Wednesday, November 27th. Citigroup upped their price target on shares of Burlington Stores from $313.00 to $344.00 and gave the stock a “buy” rating in a research report on Wednesday, November 27th. Finally, StockNews.com cut shares of Burlington Stores from a “buy” rating to a “hold” rating in a research report on Wednesday, October 23rd. One analyst has rated the stock with a hold rating and fifteen have issued a buy rating to the company’s stock. According to data from MarketBeat, Burlington Stores presently has a consensus rating of “Moderate Buy” and a consensus price target of $317.87.

Burlington Stores Stock Up 0.4 %

Shares of NYSE BURL opened at $290.46 on Friday. Burlington Stores, Inc. has a 52-week low of $174.64 and a 52-week high of $298.89. The company has a debt-to-equity ratio of 1.35, a quick ratio of 0.54 and a current ratio of 1.17. The stock has a market cap of $18.44 billion, a P/E ratio of 39.79, a P/E/G ratio of 1.54 and a beta of 1.63. The firm has a 50 day moving average price of $284.30 and a 200 day moving average price of $267.09.

Burlington Stores (NYSE:BURL) last announced its quarterly earnings results on Tuesday, November 26th. The company reported $1.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.54 by $0.01. The company had revenue of $2.53 billion during the quarter, compared to analyst estimates of $2.55 billion. Burlington Stores had a net margin of 4.49% and a return on equity of 47.52%. The firm’s revenue was up 10.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.98 EPS. Analysts expect that Burlington Stores, Inc. will post 7.93 EPS for the current year.

Insider Transactions at Burlington Stores

In other news, CMO Jennifer Vecchio sold 494 shares of the company’s stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $284.95, for a total value of $140,765.30. Following the completion of the transaction, the chief marketing officer now owns 59,437 shares in the company, valued at $16,936,573.15. This represents a 0.82 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.91% of the stock is currently owned by insiders.

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.