Burlington Stores, Inc. (NYSE:BURL) Shares Acquired by Peregrine Capital Management LLC

Peregrine Capital Management LLC lifted its holdings in shares of Burlington Stores, Inc. (NYSE:BURL) by 10.0% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 41,990 shares of the company’s stock after purchasing an additional 3,828 shares during the quarter. Peregrine Capital Management LLC’s holdings in Burlington Stores were worth $11,970,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Legacy Capital Wealth Partners LLC raised its stake in shares of Burlington Stores by 4.2% in the 4th quarter. Legacy Capital Wealth Partners LLC now owns 1,051 shares of the company’s stock valued at $300,000 after acquiring an additional 42 shares during the period. MassMutual Private Wealth & Trust FSB raised its position 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 purchasing an additional 46 shares during the period. M&T Bank Corp lifted its stake 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 purchasing an additional 47 shares in the last quarter. Tributary Capital Management LLC boosted its position in shares of Burlington Stores by 1.0% during the third quarter. Tributary Capital Management LLC now owns 4,991 shares of the company’s stock worth $1,315,000 after buying an additional 50 shares during the period. Finally, Mount Lucas Management LP grew its stake in shares of Burlington Stores by 2.4% in the third quarter. Mount Lucas Management LP now owns 2,266 shares of the company’s stock valued at $597,000 after buying an additional 54 shares in the last quarter.

Burlington Stores Trading Down 1.5 %

NYSE:BURL opened at $244.64 on Tuesday. The company has a current ratio of 1.17, a quick ratio of 0.54 and a debt-to-equity ratio of 1.35. The stock’s 50 day simple moving average is $281.46 and its 200-day simple moving average is $271.06. Burlington Stores, Inc. has a 12-month low of $174.64 and a 12-month high of $298.89. The firm has a market cap of $15.53 billion, a P/E ratio of 33.51, a PEG ratio of 1.24 and a beta of 1.62.

Burlington Stores (NYSE:BURL) last announced its quarterly earnings data on Tuesday, November 26th. The company reported $1.55 EPS for the quarter, topping analysts’ consensus estimates of $1.54 by $0.01. The company had revenue of $2.53 billion during the quarter, compared to the consensus estimate 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 quarter in the prior year, the firm earned $0.98 EPS. Equities analysts anticipate that Burlington Stores, Inc. will post 7.93 EPS for the current year.

Insider Activity at Burlington Stores

In other news, CMO Jennifer Vecchio sold 493 shares of the stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $275.75, for a total value of $135,944.75. Following the completion of the transaction, the chief marketing officer now owns 58,944 shares in the company, valued at $16,253,808. This trade represents a 0.83 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders sold a total of 1,481 shares of company stock worth $421,892 over the last 90 days. Company insiders own 0.91% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. Barclays decreased their target price on Burlington Stores from $327.00 to $317.00 and set an “overweight” rating on the stock in a research note on Wednesday, November 27th. UBS Group raised shares of Burlington Stores from a “neutral” rating to a “buy” rating and raised their price objective for the company from $280.00 to $360.00 in a research note on Friday, January 10th. Robert W. Baird upped their target price 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. TD Cowen raised their price target on shares of Burlington Stores from $334.00 to $339.00 and gave the company a “buy” rating in a research report on Thursday, December 12th. Finally, Morgan Stanley upped their price objective on Burlington Stores from $285.00 to $305.00 and gave the stock an “overweight” rating in a research report 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 MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $317.87.

Burlington Stores Company 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.