Los Angeles Capital Management LLC Sells 9,999 Shares of Burlington Stores, Inc. (NYSE:BURL)

Los Angeles Capital Management LLC decreased its position in Burlington Stores, Inc. (NYSE:BURL) by 3.9% during the 4th quarter, Holdings Channel.com reports. The fund owned 244,053 shares of the company’s stock after selling 9,999 shares during the quarter. Los Angeles Capital Management LLC’s holdings in Burlington Stores were worth $69,570,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the company. IFP Advisors Inc boosted its holdings in Burlington Stores by 81.6% in the fourth quarter. IFP Advisors Inc now owns 89 shares of the company’s stock valued at $25,000 after acquiring an additional 40 shares during the last quarter. Legacy Capital Wealth Partners LLC lifted its stake in Burlington Stores by 4.2% in the fourth quarter. Legacy Capital Wealth Partners LLC now owns 1,051 shares of the company’s stock valued at $300,000 after buying an additional 42 shares during the period. MassMutual Private Wealth & Trust FSB lifted its stake in Burlington Stores by 36.5% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 172 shares of the company’s stock valued at $49,000 after buying an additional 46 shares during the period. M&T Bank Corp lifted its stake in Burlington Stores by 1.5% in the third quarter. M&T Bank Corp now owns 3,089 shares of the company’s stock valued at $813,000 after buying an additional 47 shares during the period. Finally, Tributary Capital Management LLC lifted its stake in Burlington Stores by 1.0% in the third quarter. Tributary Capital Management LLC now owns 4,991 shares of the company’s stock valued at $1,315,000 after buying an additional 50 shares during the period.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the company. Citigroup increased their target price on Burlington Stores from $313.00 to $344.00 and gave the company a “buy” rating in a research note on Wednesday, November 27th. UBS Group raised Burlington Stores from a “neutral” rating to a “buy” rating and increased their target price for the company from $280.00 to $360.00 in a research note on Friday, January 10th. TD Cowen increased their target price on Burlington Stores from $334.00 to $339.00 and gave the company a “buy” rating in a research note on Thursday, December 12th. Robert W. Baird increased their target price on Burlington Stores from $315.00 to $330.00 and gave the company an “outperform” rating in a research note on Wednesday, November 27th. Finally, Telsey Advisory Group reaffirmed an “outperform” rating and set a $310.00 price target on shares of Burlington Stores in a research report on Tuesday, November 26th. One research 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 an average price target of $317.87.

Insider Transactions at Burlington Stores

In related news, CMO Jennifer Vecchio sold 493 shares of the business’s 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 owns 58,944 shares in the company, valued at $16,253,808. The trade was a 0.83 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In the last quarter, insiders sold 1,481 shares of company stock valued at $421,892. Corporate insiders own 0.91% of the company’s stock.

Burlington Stores Stock Performance

Shares of NYSE BURL opened at $235.77 on Tuesday. The company has a market capitalization of $14.97 billion, a P/E ratio of 32.30, a P/E/G ratio of 1.11 and a beta of 1.62. The stock has a 50 day moving average of $276.44 and a 200-day moving average of $270.79. The company has a current ratio of 1.17, a quick ratio of 0.54 and a debt-to-equity ratio of 1.35. Burlington Stores, Inc. has a 12 month low of $174.64 and a 12 month high of $298.89.

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

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.