Flagship Harbor Advisors LLC Buys Shares of 784 Burlington Stores, Inc. (NYSE:BURL)

Flagship Harbor Advisors LLC purchased a new position in Burlington Stores, Inc. (NYSE:BURL) in the fourth quarter, Holdings Channel.com reports. The firm purchased 784 shares of the company’s stock, valued at approximately $223,000.

Several other hedge funds have also recently made changes to their positions in the stock. RPg Family Wealth Advisory LLC bought a new stake in Burlington Stores in the 3rd quarter worth approximately $26,000. Fortitude Family Office LLC boosted its stake in shares of Burlington Stores by 148.6% in the 4th quarter. Fortitude Family Office LLC now owns 92 shares of the company’s stock worth $26,000 after buying an additional 55 shares during the last quarter. Brooklyn Investment Group bought a new stake in shares of Burlington Stores in the third quarter worth $33,000. UMB Bank n.a. increased its position in Burlington Stores by 391.7% during the third quarter. UMB Bank n.a. now owns 177 shares of the company’s stock valued at $47,000 after acquiring an additional 141 shares during the last quarter. Finally, MassMutual Private Wealth & Trust FSB lifted its holdings in Burlington Stores by 36.5% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 172 shares of the company’s stock valued at $49,000 after acquiring an additional 46 shares during the period.

Insider Transactions at Burlington Stores

In other news, CMO Jennifer Vecchio sold 494 shares of the stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $293.89, for a total transaction of $145,181.66. Following the completion of the transaction, the chief marketing officer now directly owns 59,931 shares in the company, valued at approximately $17,613,121.59. This represents a 0.82 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.91% of the company’s stock.

Burlington Stores Trading Down 0.5 %

BURL stock opened at $290.27 on Thursday. The company has a market capitalization of $18.43 billion, a price-to-earnings ratio of 39.76, a PEG ratio of 1.55 and a beta of 1.63. The company has a debt-to-equity ratio of 1.35, a current ratio of 1.17 and a quick ratio of 0.54. Burlington Stores, Inc. has a 1-year low of $174.64 and a 1-year high of $298.89. The business has a 50 day simple moving average of $287.85 and a two-hundred day simple moving average of $269.82.

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

Analyst Upgrades and Downgrades

A number of research firms have issued reports on BURL. TD Cowen boosted 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. Evercore ISI upped their target price on shares of Burlington Stores from $315.00 to $340.00 and gave the company an “outperform” rating in a report on Wednesday, November 27th. Robert W. Baird lifted their price target on shares of Burlington Stores from $315.00 to $330.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 27th. Barclays cut their price objective on shares of Burlington Stores from $327.00 to $317.00 and set an “overweight” rating for the company in a research report on Wednesday, November 27th. Finally, Citigroup raised their target price on Burlington Stores from $313.00 to $344.00 and gave the stock a “buy” rating in a report on Wednesday, November 27th. One investment analyst has rated the stock with a hold rating and fifteen have given a buy rating to the stock. According to data from MarketBeat, Burlington Stores presently has a consensus rating of “Moderate Buy” and a consensus price target of $317.87.

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.