Burlington Stores, Inc. (NYSE:BURL) Stock Position Lifted by MassMutual Private Wealth & Trust FSB

MassMutual Private Wealth & Trust FSB boosted its stake in Burlington Stores, Inc. (NYSE:BURL) by 36.5% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 172 shares of the company’s stock after buying an additional 46 shares during the quarter. MassMutual Private Wealth & Trust FSB’s holdings in Burlington Stores were worth $49,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the stock. Sumitomo Mitsui Trust Group Inc. increased its holdings in Burlington Stores by 2.3% in the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 145,552 shares of the company’s stock worth $38,350,000 after buying an additional 3,246 shares during the last quarter. Alpha DNA Investment Management LLC acquired a new position in shares of Burlington Stores during the 3rd quarter worth $764,000. Logan Capital Management Inc. raised its holdings in shares of Burlington Stores by 9.1% during the 3rd quarter. Logan Capital Management Inc. now owns 56,354 shares of the company’s stock valued at $14,848,000 after purchasing an additional 4,695 shares in the last quarter. Dai ichi Life Insurance Company Ltd bought a new position in shares of Burlington Stores during the 3rd quarter valued at $1,190,000. Finally, B. Metzler seel. Sohn & Co. Holding AG bought a new stake in Burlington Stores in the third quarter worth $594,000.

Burlington Stores Trading Up 0.0 %

Shares of BURL opened at $291.94 on Friday. The stock’s 50-day moving average price is $286.79 and its 200 day moving average price is $268.78. 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, Inc. has a 12-month low of $174.64 and a 12-month high of $298.89. The firm has a market capitalization of $18.53 billion, a price-to-earnings ratio of 39.99, a P/E/G ratio of 1.55 and a beta of 1.63.

Burlington Stores (NYSE:BURL) last issued its earnings results on Tuesday, November 26th. The company reported $1.55 EPS for the quarter, beating analysts’ consensus estimates of $1.54 by $0.01. Burlington Stores had a return on equity of 47.52% and a net margin of 4.49%. The business had revenue of $2.53 billion during the quarter, compared to analyst estimates of $2.55 billion. During the same period in the prior year, the company posted $0.98 earnings per share. Burlington Stores’s revenue was up 10.5% on a year-over-year basis. As a group, research analysts predict that Burlington Stores, Inc. will post 7.93 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on BURL shares. Robert W. Baird raised their target price on Burlington Stores from $315.00 to $330.00 and gave the company an “outperform” rating in a report on Wednesday, November 27th. StockNews.com lowered Burlington Stores from a “buy” rating to a “hold” rating in a report on Wednesday, October 23rd. Citigroup increased their price target on Burlington Stores from $313.00 to $344.00 and gave the company a “buy” rating in a report on Wednesday, November 27th. Morgan Stanley boosted their price objective on shares of Burlington Stores from $285.00 to $305.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 27th. Finally, Evercore ISI raised their target price on shares of Burlington Stores from $315.00 to $340.00 and gave the company an “outperform” rating in a research note on Wednesday, November 27th. One research analyst has rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. According to data from MarketBeat, Burlington Stores has an average rating of “Moderate Buy” and a consensus price target of $317.87.

Insider Transactions at Burlington Stores

In related news, CMO Jennifer Vecchio sold 494 shares of the stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $284.95, for a total value of $140,765.30. Following the completion of the transaction, the chief marketing officer now owns 59,437 shares of the company’s stock, valued at $16,936,573.15. This represents a 0.82 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.91% of the stock is owned by insiders.

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.