Zions Bancorporation N.A. Buys 2,257 Shares of Burlington Stores, Inc. (NYSE:BURL)

Zions Bancorporation N.A. grew its position in shares of Burlington Stores, Inc. (NYSE:BURL) by 21.3% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 12,830 shares of the company’s stock after acquiring an additional 2,257 shares during the quarter. Zions Bancorporation N.A.’s holdings in Burlington Stores were worth $3,657,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Geode Capital Management LLC boosted its holdings in shares of Burlington Stores by 1.7% in the third quarter. Geode Capital Management LLC now owns 1,074,960 shares of the company’s stock worth $282,582,000 after buying an additional 18,160 shares during the last quarter. American Century Companies Inc. boosted its stake in shares of Burlington Stores by 17.1% during the 4th quarter. American Century Companies Inc. now owns 708,120 shares of the company’s stock worth $201,857,000 after acquiring an additional 103,202 shares during the last quarter. Artemis Investment Management LLP grew its position in shares of Burlington Stores by 6.6% during the 4th quarter. Artemis Investment Management LLP now owns 396,938 shares of the company’s stock valued at $113,151,000 after acquiring an additional 24,576 shares during the period. Charles Schwab Investment Management Inc. increased its stake in shares of Burlington Stores by 0.3% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 395,950 shares of the company’s stock worth $112,870,000 after purchasing an additional 1,368 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC raised its holdings in Burlington Stores by 7.5% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 378,921 shares of the company’s stock worth $108,292,000 after purchasing an additional 26,412 shares during the period.

Burlington Stores Stock Performance

Shares of NYSE BURL opened at $248.84 on Tuesday. The firm’s fifty day moving average is $257.35 and its two-hundred day moving average is $266.95. Burlington Stores, Inc. has a 52-week low of $174.64 and a 52-week high of $298.89. The company has a market cap of $15.73 billion, a P/E ratio of 34.09, a P/E/G ratio of 1.11 and a beta of 1.73. The company has a debt-to-equity ratio of 1.35, a quick ratio of 0.54 and a current ratio of 1.17.

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

Insider Activity

In other news, CMO Jennifer Vecchio sold 494 shares of the business’s stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $284.95, for a total value of $140,765.30. Following the sale, the chief marketing officer now directly owns 59,437 shares in the company, valued at $16,936,573.15. The trade was a 0.82 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In the last ninety days, insiders sold 5,926 shares of company stock worth $1,461,774. 0.91% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several analysts have issued reports on BURL shares. Citigroup cut their price target on Burlington Stores from $344.00 to $340.00 and set a “buy” rating for the company in a report on Friday, March 7th. Barclays boosted their price objective on Burlington Stores from $317.00 to $329.00 and gave the company an “overweight” rating in a research note on Friday, March 7th. TD Cowen raised their target price on shares of Burlington Stores from $334.00 to $339.00 and gave the stock a “buy” rating in a research note on Thursday, December 12th. Evercore ISI lifted their price target 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. Finally, UBS Group increased their price objective on shares of Burlington Stores from $360.00 to $405.00 and gave the stock a “buy” rating in a research note on Friday, March 7th. One analyst has rated the stock with a hold rating and fifteen have given a buy rating to the company. According to MarketBeat.com, Burlington Stores presently has a consensus rating of “Moderate Buy” and a consensus target price of $323.20.

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.