Allstate Corp Invests $532,000 in Burlington Stores, Inc. (NYSE:BURL)

Allstate Corp bought a new stake in shares of Burlington Stores, Inc. (NYSE:BURL) in the fourth quarter, Holdings Channel reports. The fund bought 1,865 shares of the company’s stock, valued at approximately $532,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. IFP Advisors Inc grew its position in Burlington Stores by 81.6% during 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 during the period. Fortitude Family Office LLC grew its holdings in 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 purchasing an additional 55 shares during the period. Stonebridge Financial Group LLC purchased a new stake in shares of Burlington Stores in the fourth quarter valued at approximately $31,000. Farther Finance Advisors LLC raised its stake in shares of Burlington Stores by 104.5% during the 4th quarter. Farther Finance Advisors LLC now owns 135 shares of the company’s stock worth $38,000 after buying an additional 69 shares during the period. Finally, Parkside Financial Bank & Trust lifted its position in shares of Burlington Stores by 157.1% during the 4th quarter. Parkside Financial Bank & Trust now owns 144 shares of the company’s stock valued at $41,000 after buying an additional 88 shares in the last quarter.

Burlington Stores Stock Up 1.8 %

Shares of NYSE BURL opened at $242.59 on Wednesday. The company has a market capitalization of $15.33 billion, a P/E ratio of 33.23, 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 current ratio of 1.17 and a quick ratio of 0.54. The company has a 50 day simple moving average of $251.88 and a 200-day simple moving average of $265.87. Burlington Stores, Inc. has a 1 year low of $174.64 and a 1 year high of $298.89.

Burlington Stores (NYSE:BURL) last posted 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 company had revenue of $3.28 billion during the quarter, compared to analysts’ expectations of $3.25 billion. On average, equities research analysts predict that Burlington Stores, Inc. will post 7.93 earnings per share for the current year.

Insider Buying and Selling

In other Burlington Stores 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 transaction of $135,944.75. Following the completion of the transaction, the chief marketing officer now owns 58,944 shares of the company’s stock, valued at $16,253,808. This trade represents a 0.83 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In the last ninety days, insiders sold 5,926 shares of company stock valued at $1,461,774. 0.91% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the stock. Robert W. Baird increased their price objective on shares of Burlington Stores from $330.00 to $335.00 and gave the company an “outperform” rating in a report on Friday, March 7th. UBS Group lifted their price objective on Burlington Stores from $360.00 to $405.00 and gave the stock a “buy” rating in a report on Friday, March 7th. Citigroup reduced their target price on Burlington Stores from $344.00 to $340.00 and set a “buy” rating for the company in a report on Friday, March 7th. TD Cowen lifted their price target on Burlington Stores from $334.00 to $339.00 and gave the stock a “buy” rating in a research note on Thursday, December 12th. Finally, Telsey Advisory Group restated an “outperform” rating and issued a $340.00 price objective on shares of Burlington Stores in a report on Thursday, March 6th. One analyst has rated the stock with a hold rating and fifteen have given a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target 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.