Kiker Wealth Management LLC Buys Shares of 3,677 Burlington Stores, Inc. (NYSE:BURL)

Kiker Wealth Management LLC purchased a new stake in shares of Burlington Stores, Inc. (NYSE:BURL) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 3,677 shares of the company’s stock, valued at approximately $1,048,000.

Several other institutional investors have also modified their holdings of the company. Alpha DNA Investment Management LLC acquired a new position in Burlington Stores during the 3rd quarter worth $764,000. Buckingham Capital Management Inc. lifted its holdings in Burlington Stores by 159.0% in the fourth quarter. Buckingham Capital Management Inc. now owns 17,419 shares of the company’s stock worth $4,965,000 after purchasing an additional 10,693 shares during the period. Logan Capital Management Inc. grew its position in Burlington Stores by 9.1% in the 3rd quarter. Logan Capital Management Inc. now owns 56,354 shares of the company’s stock valued at $14,848,000 after buying an additional 4,695 shares in the last quarter. Allspring Global Investments Holdings LLC grew its position in Burlington Stores by 7.5% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 378,921 shares of the company’s stock valued at $108,292,000 after buying an additional 26,412 shares in the last quarter. Finally, HB Wealth Management LLC acquired a new position in Burlington Stores during the 4th quarter valued at about $265,000.

Burlington Stores Price Performance

Shares of NYSE:BURL opened at $236.49 on Friday. The company’s fifty day moving average is $259.14 and its two-hundred day moving average is $267.29. The company has a market cap of $15.01 billion, a P/E ratio of 32.40, a price-to-earnings-growth ratio of 1.11 and a beta of 1.73. 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.

Burlington Stores (NYSE:BURL) last announced its quarterly earnings data on Thursday, March 6th. The company reported $4.07 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.75 by $0.32. Burlington Stores had a return on equity of 47.52% and a net margin of 4.49%. The firm had revenue of $3.28 billion during the quarter, compared to the consensus estimate of $3.25 billion. Equities analysts expect 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 news, CMO Jennifer Vecchio sold 493 shares of the company’s stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $275.75, for a total value of $135,944.75. Following the transaction, the chief marketing officer now directly owns 58,944 shares of the company’s stock, valued at approximately $16,253,808. This represents a 0.83 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 0.91% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the stock. UBS Group increased their price objective on shares of Burlington Stores from $360.00 to $405.00 and gave the company a “buy” rating in a report on Friday, March 7th. Barclays lifted 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. Telsey Advisory Group restated an “outperform” rating and issued a $340.00 price objective on shares of Burlington Stores in a report on Thursday, March 6th. Robert W. Baird upped their price target on shares of Burlington Stores from $330.00 to $335.00 and gave the company an “outperform” rating in a report on Friday, March 7th. Finally, Morgan Stanley lifted their price objective 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. One investment 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.com, Burlington Stores has a consensus rating of “Moderate Buy” and an average 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.