Royal London Asset Management Ltd. Grows Stock Position in Burlington Stores, Inc. (NYSE:BURL)

Royal London Asset Management Ltd. increased its position in shares of Burlington Stores, Inc. (NYSE:BURL) by 0.9% in the 4th quarter, Holdings Channel reports. The firm owned 25,411 shares of the company’s stock after purchasing an additional 237 shares during the period. Royal London Asset Management Ltd.’s holdings in Burlington Stores were worth $7,244,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. IFP Advisors Inc grew its holdings in shares of Burlington Stores by 81.6% during the fourth quarter. IFP Advisors Inc now owns 89 shares of the company’s stock worth $25,000 after buying an additional 40 shares in the last quarter. RPg Family Wealth Advisory LLC acquired a new position in Burlington Stores during the third quarter worth about $26,000. Fortitude Family Office LLC boosted its position in Burlington Stores by 148.6% during the fourth quarter. Fortitude Family Office LLC now owns 92 shares of the company’s stock worth $26,000 after acquiring an additional 55 shares during the last quarter. Stonebridge Financial Group LLC purchased a new stake in Burlington Stores during the 4th quarter valued at about $31,000. Finally, Brooklyn Investment Group acquired a new stake in Burlington Stores in the 3rd quarter valued at about $33,000.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the company. Citigroup dropped their price target on Burlington Stores from $344.00 to $340.00 and set a “buy” rating for the company in a research report on Friday, March 7th. Robert W. Baird raised their target price on Burlington Stores from $330.00 to $335.00 and gave the stock an “outperform” rating in a research note on Friday, March 7th. Morgan Stanley upped their price objective on shares of Burlington Stores from $296.00 to $297.00 and gave the company an “overweight” rating in a report on Friday, March 7th. Evercore ISI lifted their target price on shares of Burlington Stores from $315.00 to $340.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 27th. Finally, TD Cowen increased their price target on shares of Burlington Stores from $334.00 to $339.00 and gave the company a “buy” rating in a research note on Thursday, December 12th. One research analyst has rated the stock with a hold rating and fifteen have given a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $323.20.

Burlington Stores Trading Down 1.0 %

Shares of BURL stock opened at $234.16 on Monday. The stock has a market capitalization of $14.80 billion, a P/E ratio of 32.08, a price-to-earnings-growth ratio of 1.11 and a beta of 1.73. Burlington Stores, Inc. has a fifty-two week low of $174.64 and a fifty-two 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 company has a 50 day moving average price of $258.08 and a 200 day moving average price of $267.08.

Burlington Stores (NYSE:BURL) last posted its quarterly earnings data on Thursday, March 6th. The company reported $4.07 earnings per share for the quarter, topping analysts’ consensus estimates of $3.75 by $0.32. The business had revenue of $3.28 billion for the quarter, compared to analyst estimates of $3.25 billion. Burlington Stores had a return on equity of 47.52% and a net margin of 4.49%. Equities research analysts predict that Burlington Stores, Inc. will post 7.93 EPS for the current fiscal year.

Insider Buying and Selling

In other Burlington Stores news, CMO Jennifer Vecchio sold 493 shares of the stock in a transaction that occurred 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 sale, 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 position. The sale was disclosed in a document filed with the SEC, which is available at this link. Insiders own 0.91% of the company’s stock.

Burlington Stores 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.