Stevens Capital Management LP Purchases New Stake in Burlington Stores, Inc. (NYSE:BURL)

Stevens Capital Management LP purchased a new stake in Burlington Stores, Inc. (NYSE:BURL) during the fourth quarter, HoldingsChannel.com reports. The firm purchased 1,879 shares of the company’s stock, valued at approximately $536,000.

A number of other institutional investors have also recently modified their holdings of BURL. IFP Advisors Inc boosted its stake in shares of Burlington Stores by 81.6% in the fourth quarter. IFP Advisors Inc now owns 89 shares of the company’s stock valued at $25,000 after buying an additional 40 shares in the last quarter. RPg Family Wealth Advisory LLC purchased a new stake in shares of Burlington Stores in the third quarter valued at approximately $26,000. Fortitude Family Office LLC boosted its stake in shares of Burlington Stores by 148.6% in the fourth quarter. Fortitude Family Office LLC now owns 92 shares of the company’s stock valued at $26,000 after buying an additional 55 shares in the last quarter. Stonebridge Financial Group LLC purchased a new stake in shares of Burlington Stores in the fourth quarter valued at approximately $31,000. Finally, Brooklyn Investment Group purchased a new stake in shares of Burlington Stores in the third quarter valued at approximately $33,000.

Insider Activity at Burlington Stores

In related news, CMO Jennifer Vecchio sold 494 shares of the company’s stock in a transaction on Thursday, January 2nd. The stock was 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 directly owns 59,437 shares in the company, valued at approximately $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 can be accessed through the SEC website. Insiders own 0.91% of the company’s stock.

Burlington Stores Stock Performance

Burlington Stores stock opened at $234.16 on Monday. The firm has a market capitalization of $14.80 billion, a P/E ratio of 32.08, a PEG ratio of 1.11 and a beta of 1.73. The stock has a fifty day moving average price of $258.08 and a 200 day moving average price of $267.08. Burlington Stores, Inc. has a 52 week low of $174.64 and a 52 week high of $298.89. The company has a current ratio of 1.17, a quick ratio of 0.54 and a debt-to-equity ratio of 1.35.

Burlington Stores (NYSE:BURL) last released its earnings results on Thursday, March 6th. The company reported $4.07 EPS for the quarter, beating the consensus estimate of $3.75 by $0.32. The firm had revenue of $3.28 billion during the quarter, compared to analyst estimates of $3.25 billion. Burlington Stores had a return on equity of 47.52% and a net margin of 4.49%. Equities research analysts anticipate that Burlington Stores, Inc. will post 7.93 earnings per share for the current year.

Analyst Ratings Changes

A number of analysts recently weighed in on the company. Citigroup decreased their price target on Burlington Stores from $344.00 to $340.00 and set a “buy” rating on the stock in a research note on Friday, March 7th. Robert W. Baird boosted their target price on Burlington Stores from $330.00 to $335.00 and gave the stock an “outperform” rating in a research report on Friday, March 7th. Evercore ISI boosted their target price on Burlington Stores from $315.00 to $340.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 27th. Telsey Advisory Group reiterated an “outperform” rating and set a $340.00 target price on shares of Burlington Stores in a research report on Thursday, March 6th. Finally, UBS Group boosted their target price on Burlington Stores from $360.00 to $405.00 and gave the stock a “buy” rating in a research report on Friday, March 7th. One investment analyst has rated the stock with a hold rating and fifteen have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $323.20.

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.