Geode Capital Management LLC Buys 8,892 Shares of Burlington Stores, Inc. (NYSE:BURL)

Geode Capital Management LLC boosted its position in Burlington Stores, Inc. (NYSE:BURL) by 0.8% during the fourth quarter, Holdings Channel reports. The fund owned 1,083,852 shares of the company’s stock after acquiring an additional 8,892 shares during the period. Geode Capital Management LLC’s holdings in Burlington Stores were worth $308,403,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in BURL. IFP Advisors Inc boosted its holdings in shares of Burlington Stores by 81.6% in the 4th quarter. IFP Advisors Inc now owns 89 shares of the company’s stock worth $25,000 after purchasing an additional 40 shares in the last quarter. Fortitude Family Office LLC boosted its stake in Burlington Stores by 148.6% in the fourth quarter. Fortitude Family Office LLC now owns 92 shares of the company’s stock worth $26,000 after buying an additional 55 shares in the last quarter. Stonebridge Financial Group LLC bought a new position in Burlington Stores during 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 fourth quarter. Farther Finance Advisors LLC now owns 135 shares of the company’s stock worth $38,000 after acquiring an additional 69 shares in the last quarter. Finally, Parkside Financial Bank & Trust lifted its holdings in shares of Burlington Stores by 157.1% in the 4th quarter. Parkside Financial Bank & Trust now owns 144 shares of the company’s stock worth $41,000 after acquiring an additional 88 shares during the last quarter.

Wall Street Analysts Forecast Growth

BURL has been the topic of several recent research reports. Telsey Advisory Group reaffirmed an “outperform” rating and set a $340.00 target price on shares of Burlington Stores in a report on Thursday, March 6th. TD Cowen lifted their price objective on Burlington Stores from $334.00 to $339.00 and gave the stock a “buy” rating in a report on Thursday, December 12th. Robert W. Baird boosted their target price on Burlington Stores from $330.00 to $335.00 and gave the company an “outperform” rating in a research note on Friday, March 7th. Morgan Stanley raised their price target on Burlington Stores from $296.00 to $297.00 and gave the stock an “overweight” rating in a research report on Friday, March 7th. Finally, Citigroup lowered their price objective on Burlington Stores from $344.00 to $340.00 and set a “buy” rating for the company in a research report on Friday, March 7th. One analyst has rated the stock with a hold rating and fifteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $323.20.

Burlington Stores Price Performance

Shares of NYSE BURL opened at $230.52 on Friday. Burlington Stores, Inc. has a 1 year low of $174.64 and a 1 year high of $298.89. The stock has a market capitalization of $14.57 billion, a P/E ratio of 31.58, a P/E/G ratio of 1.11 and a beta of 1.73. The company’s 50-day moving average is $248.86 and its 200 day moving average is $265.30. 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 posted its earnings results on Thursday, March 6th. The company reported $4.07 earnings per share for the quarter, topping analysts’ consensus estimates of $3.75 by $0.32. The firm had revenue of $3.28 billion for the quarter, compared to the consensus estimate of $3.25 billion. Burlington Stores had a return on equity of 47.52% and a net margin of 4.49%. On average, sell-side analysts expect that Burlington Stores, Inc. will post 7.93 earnings per share for the current year.

Insider Buying and Selling at Burlington Stores

In related news, CMO Jennifer Vecchio sold 4,939 shares of the stock in a transaction dated Thursday, March 20th. The shares were sold at an average price of $239.94, for a total value of $1,185,063.66. Following the completion of the transaction, the chief marketing officer now directly owns 70,006 shares in the company, valued at $16,797,239.64. This trade represents a 6.59 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.91% of the company’s stock.

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.