Natixis Advisors LLC Acquires 1,198 Shares of Burlington Stores, Inc. (NYSE:BURL)

Natixis Advisors LLC grew its holdings in Burlington Stores, Inc. (NYSE:BURL) by 5.3% in the 4th quarter, Holdings Channel reports. The fund owned 23,617 shares of the company’s stock after purchasing an additional 1,198 shares during the quarter. Natixis Advisors LLC’s holdings in Burlington Stores were worth $6,732,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Massachusetts Financial Services Co. MA grew its holdings in shares of Burlington Stores by 1,048.8% during the third quarter. Massachusetts Financial Services Co. MA now owns 730,524 shares of the company’s stock worth $192,478,000 after buying an additional 666,934 shares in the last quarter. Victory Capital Management Inc. grew its holdings in shares of Burlington Stores by 52.7% during the fourth quarter. Victory Capital Management Inc. now owns 222,151 shares of the company’s stock worth $63,326,000 after buying an additional 76,684 shares in the last quarter. Proficio Capital Partners LLC bought a new position in shares of Burlington Stores during the fourth quarter worth about $20,965,000. Raymond James Financial Inc. bought a new position in Burlington Stores in the fourth quarter valued at approximately $17,330,000. Finally, Principal Financial Group Inc. grew its stake in Burlington Stores by 35.3% in the fourth quarter. Principal Financial Group Inc. now owns 227,020 shares of the company’s stock valued at $64,714,000 after purchasing an additional 59,173 shares in the last quarter.

Insider Buying and Selling at Burlington Stores

In other Burlington Stores news, CMO Jennifer Vecchio sold 493 shares of Burlington Stores stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $275.75, for a total value of $135,944.75. Following the completion of the transaction, the chief marketing officer now directly owns 58,944 shares of the company’s stock, 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 Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.91% of the company’s stock.

Burlington Stores Price Performance

Shares of NYSE BURL opened at $236.49 on Friday. The stock has a market capitalization of $15.01 billion, a PE ratio of 32.40, a P/E/G ratio of 1.11 and a beta of 1.73. The company has a debt-to-equity ratio of 1.35, a current ratio of 1.17 and a quick ratio of 0.54. The business has a fifty day moving average price of $259.14 and a two-hundred day moving average price of $267.29. Burlington Stores, Inc. has a fifty-two week low of $174.64 and a fifty-two week high of $298.89.

Burlington Stores (NYSE:BURL) last announced its quarterly earnings data on Thursday, March 6th. The company reported $4.07 earnings per share for the quarter, beating the consensus estimate of $3.75 by $0.32. The firm had revenue of $3.28 billion during the quarter, compared to analysts’ expectations of $3.25 billion. Burlington Stores had a return on equity of 47.52% and a net margin of 4.49%. As a group, equities analysts predict that Burlington Stores, Inc. will post 7.93 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research firms have weighed in on BURL. TD Cowen raised their price target on Burlington Stores from $334.00 to $339.00 and gave the company a “buy” rating in a research note on Thursday, December 12th. Barclays raised their price target on Burlington Stores from $317.00 to $329.00 and gave the company an “overweight” rating in a research note on Friday, March 7th. Citigroup decreased their price target on Burlington Stores from $344.00 to $340.00 and set a “buy” rating for the company in a research note on Friday, March 7th. Robert W. Baird raised their price target on Burlington Stores from $330.00 to $335.00 and gave the company an “outperform” rating in a research note on Friday, March 7th. Finally, UBS Group raised their price target on Burlington Stores from $360.00 to $405.00 and gave the company a “buy” rating in a research note 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 company’s stock. Based on data from MarketBeat.com, the stock has an average 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.