Russell Investments Group Ltd. Buys 297 Shares of Burlington Stores, Inc. (NYSE:BURL)

Russell Investments Group Ltd. raised its stake in shares of Burlington Stores, Inc. (NYSE:BURL) by 1.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 29,835 shares of the company’s stock after acquiring an additional 297 shares during the period. Russell Investments Group Ltd.’s holdings in Burlington Stores were worth $8,503,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of BURL. Dynamic Technology Lab Private Ltd raised its holdings in shares of Burlington Stores by 175.5% in the fourth quarter. Dynamic Technology Lab Private Ltd now owns 6,504 shares of the company’s stock valued at $1,854,000 after purchasing an additional 4,143 shares during the last quarter. Resona Asset Management Co. Ltd. bought a new stake in Burlington Stores in the 4th quarter worth about $5,397,000. Savoir Faire Capital Management L.P. increased its stake in Burlington Stores by 229.5% in the 4th quarter. Savoir Faire Capital Management L.P. now owns 17,492 shares of the company’s stock valued at $4,986,000 after buying an additional 12,183 shares during the last quarter. ExodusPoint Capital Management LP lifted its position in shares of Burlington Stores by 204.8% during the 4th quarter. ExodusPoint Capital Management LP now owns 14,102 shares of the company’s stock worth $4,020,000 after buying an additional 9,475 shares in the last quarter. Finally, Nicolet Advisory Services LLC boosted its stake in shares of Burlington Stores by 8.2% in the 4th quarter. Nicolet Advisory Services LLC now owns 2,663 shares of the company’s stock worth $764,000 after buying an additional 201 shares during the last quarter.

Analyst Ratings Changes

A number of analysts recently commented on the company. 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 report on Friday, March 7th. Barclays raised their target price 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 reissued an “outperform” rating and issued a $340.00 price target on shares of Burlington Stores in a report on Thursday, March 6th. Morgan Stanley raised their price objective on shares of Burlington Stores from $296.00 to $297.00 and gave the stock an “overweight” rating in a report on Friday, March 7th. Finally, Robert W. Baird boosted their target price on shares of Burlington Stores from $330.00 to $335.00 and gave the company an “outperform” 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 stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $323.20.

Burlington Stores Trading Down 1.2 %

Shares of BURL stock opened at $240.59 on Friday. Burlington Stores, Inc. has a 1 year low of $174.64 and a 1 year high of $298.89. The company’s fifty day simple moving average is $241.92 and its two-hundred day simple moving average is $263.46. 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 stock has a market capitalization of $15.15 billion, a price-to-earnings ratio of 32.96, a PEG ratio of 1.11 and a beta of 1.65.

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

Insider Activity

In related news, CMO Jennifer Vecchio sold 4,939 shares of the stock in a transaction 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 sale, the chief marketing officer now owns 70,006 shares in the company, valued at approximately $16,797,239.64. This trade represents a 6.59 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.91% of the stock is owned by company insiders.

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.