Gateway Investment Advisers LLC Has $930,000 Stake in Burlington Stores, Inc. (NYSE:BURL)

Gateway Investment Advisers LLC cut its stake in Burlington Stores, Inc. (NYSE:BURL) by 35.3% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 3,263 shares of the company’s stock after selling 1,777 shares during the period. Gateway Investment Advisers LLC’s holdings in Burlington Stores were worth $930,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of BURL. M&T Bank Corp raised its position in Burlington Stores by 1.5% during the third quarter. M&T Bank Corp now owns 3,089 shares of the company’s stock worth $813,000 after acquiring an additional 47 shares in the last quarter. Tributary Capital Management LLC grew its stake in shares of Burlington Stores by 1.0% in the third quarter. Tributary Capital Management LLC now owns 4,991 shares of the company’s stock valued at $1,315,000 after acquiring an additional 50 shares in the last quarter. Mount Lucas Management LP increased its position in Burlington Stores by 2.4% during the third quarter. Mount Lucas Management LP now owns 2,266 shares of the company’s stock worth $597,000 after acquiring an additional 54 shares during the period. OneDigital Investment Advisors LLC increased its stake in Burlington Stores by 5.5% during the 3rd quarter. OneDigital Investment Advisors LLC now owns 1,027 shares of the company’s stock worth $271,000 after acquiring an additional 54 shares during the period. Finally, Fortitude Family Office LLC raised its holdings in Burlington Stores by 148.6% in the 4th quarter. Fortitude Family Office LLC now owns 92 shares of the company’s stock valued at $26,000 after acquiring an additional 55 shares in the last quarter.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on BURL shares. Citigroup lifted their price target on Burlington Stores from $313.00 to $344.00 and gave the company a “buy” rating in a research note on Wednesday, November 27th. Morgan Stanley lifted their price target on shares of Burlington Stores from $285.00 to $305.00 and gave the company an “overweight” rating in a report on Wednesday, November 27th. UBS Group raised shares of Burlington Stores from a “neutral” rating to a “buy” rating and increased their price objective for the company from $280.00 to $360.00 in a research note on Friday, January 10th. StockNews.com cut Burlington Stores from a “buy” rating to a “hold” rating in a research note on Wednesday, October 23rd. Finally, Barclays reduced their price objective on Burlington Stores from $327.00 to $317.00 and set an “overweight” rating on the stock in a research report on Wednesday, November 27th. One equities research analyst has rated the stock with a hold rating and fifteen have given a buy rating to the stock. According to MarketBeat, Burlington Stores has a consensus rating of “Moderate Buy” and an average price target of $317.87.

Burlington Stores Trading Up 0.4 %

NYSE BURL opened at $290.46 on Friday. The stock has a market capitalization of $18.44 billion, a P/E ratio of 39.79, a P/E/G ratio of 1.54 and a beta of 1.63. Burlington Stores, Inc. has a one year low of $174.64 and a one year high of $298.89. The business has a 50 day simple moving average of $284.30 and a 200 day simple moving average of $267.09. 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 (NYSE:BURL) last announced its quarterly earnings data on Tuesday, November 26th. The company reported $1.55 earnings per share for the quarter, topping the consensus estimate of $1.54 by $0.01. Burlington Stores had a return on equity of 47.52% and a net margin of 4.49%. The company had revenue of $2.53 billion during the quarter, compared to analyst estimates of $2.55 billion. During the same quarter last year, the firm posted $0.98 EPS. The firm’s revenue for the quarter was up 10.5% on a year-over-year basis. Research analysts expect that Burlington Stores, Inc. will post 7.93 earnings per share for the current year.

Insider Activity at Burlington Stores

In other Burlington Stores news, CMO Jennifer Vecchio sold 494 shares of the firm’s stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $284.95, for a total value of $140,765.30. Following the sale, the chief marketing officer now owns 59,437 shares of the company’s stock, valued at $16,936,573.15. This trade represents a 0.82 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.91% of the stock is owned by corporate 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.