Alliancebernstein L.P. Trims Stock Holdings in Burlington Stores, Inc. (NYSE:BURL)

Alliancebernstein L.P. lessened its stake in shares of Burlington Stores, Inc. (NYSE:BURL) by 6.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 343,239 shares of the company’s stock after selling 23,811 shares during the quarter. Alliancebernstein L.P.’s holdings in Burlington Stores were worth $97,844,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Buckingham Capital Management Inc. boosted its position in shares of Burlington Stores by 159.0% during the 4th 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. boosted its position in shares of Burlington Stores by 9.1% during the third quarter. Logan Capital Management Inc. now owns 56,354 shares of the company’s stock worth $14,848,000 after buying an additional 4,695 shares during the period. Allspring Global Investments Holdings LLC grew its stake in shares of Burlington Stores by 7.5% in the fourth 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. HB Wealth Management LLC purchased a new stake in shares of Burlington Stores in the 4th quarter valued at $265,000. Finally, Principal Financial Group Inc. lifted its stake in Burlington Stores by 35.3% during the 4th quarter. Principal Financial Group Inc. now owns 227,020 shares of the company’s stock worth $64,714,000 after acquiring an additional 59,173 shares in the last quarter.

Insiders Place Their Bets

In other news, CMO Jennifer Vecchio sold 4,939 shares of the stock in a transaction that occurred on Thursday, March 20th. The stock was sold at an average price of $239.94, for a total value of $1,185,063.66. Following the completion of the sale, the chief marketing officer now directly owns 70,006 shares of the company’s stock, valued at approximately $16,797,239.64. This represents a 6.59 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.91% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have weighed in on BURL. UBS Group lifted their target price on Burlington Stores from $360.00 to $405.00 and gave the company a “buy” rating in a research report on Friday, March 7th. Telsey Advisory Group reaffirmed an “outperform” rating and set a $340.00 target price on shares of Burlington Stores in a research note on Thursday, March 6th. Citigroup decreased their price target on shares of Burlington Stores from $344.00 to $340.00 and set a “buy” rating for the company in a research report on Friday, March 7th. Barclays upped their price objective on Burlington Stores from $317.00 to $329.00 and gave the stock an “overweight” rating in a research report on Friday, March 7th. Finally, Robert W. Baird lifted their target price on Burlington Stores from $330.00 to $335.00 and gave the company an “outperform” rating in a report 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, Burlington Stores currently has an average rating of “Moderate Buy” and an average price target of $323.20.

Burlington Stores Price Performance

BURL stock opened at $255.31 on Thursday. The business has a 50 day moving average price of $251.21 and a 200 day moving average price of $265.80. The company has a quick ratio of 0.54, a current ratio of 1.17 and a debt-to-equity ratio of 1.35. The stock has a market cap of $16.14 billion, a price-to-earnings ratio of 34.97, a PEG 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.

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

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.