Versant Capital Management Inc Boosts Holdings in Burlington Stores, Inc. (NYSE:BURL)

Versant Capital Management Inc lifted its position in Burlington Stores, Inc. (NYSE:BURL) by 682.1% in the 4th quarter, Holdings Channel.com reports. The fund owned 219 shares of the company’s stock after acquiring an additional 191 shares during the period. Versant Capital Management Inc’s holdings in Burlington Stores were worth $62,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the company. RPg Family Wealth Advisory LLC bought a new stake in Burlington Stores in the third quarter worth about $26,000. Brooklyn Investment Group bought a new stake in shares of Burlington Stores during the 3rd quarter worth approximately $33,000. UMB Bank n.a. boosted its holdings in Burlington Stores by 391.7% during the 3rd 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 period. AM Squared Ltd bought a new position in Burlington Stores in the 3rd quarter valued at $53,000. Finally, Wilmington Savings Fund Society FSB purchased a new stake in Burlington Stores in the third quarter worth $57,000.

Insiders Place Their Bets

In other Burlington Stores news, CMO Jennifer Vecchio sold 494 shares of the business’s stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $293.89, for a total transaction of $145,181.66. Following the sale, the chief marketing officer now owns 59,931 shares in the company, valued at approximately $17,613,121.59. The trade was a 0.82 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.91% of the company’s stock.

Burlington Stores Stock Up 1.2 %

Burlington Stores stock opened at $289.16 on Monday. Burlington Stores, Inc. has a 1-year low of $174.64 and a 1-year high of $298.89. The business has a fifty day moving average price of $277.71 and a 200-day moving average price of $263.92. 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 $18.36 billion, a price-to-earnings ratio of 39.61, a PEG ratio of 1.58 and a beta of 1.63.

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

Analyst Ratings Changes

A number of research analysts have recently commented on BURL shares. Citigroup upped their price target on shares of Burlington Stores from $313.00 to $344.00 and gave the stock a “buy” rating in a report on Wednesday, November 27th. Telsey Advisory Group reaffirmed an “outperform” rating and set a $310.00 target price on shares of Burlington Stores in a research report on Tuesday, November 26th. Robert W. Baird boosted their price target on Burlington Stores from $315.00 to $330.00 and gave the company an “outperform” rating in a report on Wednesday, November 27th. Evercore ISI raised their price objective on Burlington Stores from $315.00 to $340.00 and gave the stock an “outperform” rating in a report on Wednesday, November 27th. Finally, StockNews.com cut Burlington Stores from a “buy” rating to a “hold” rating in a report on Wednesday, October 23rd. Two investment analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. According to data from MarketBeat.com, Burlington Stores currently has an average rating of “Moderate Buy” and an average target price of $308.00.

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.