Geneva Capital Management LLC Sells 2,056 Shares of Burlington Stores, Inc. (NYSE:BURL)

Geneva Capital Management LLC cut its holdings in shares of Burlington Stores, Inc. (NYSE:BURL) by 1.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 114,074 shares of the company’s stock after selling 2,056 shares during the period. Geneva Capital Management LLC owned about 0.18% of Burlington Stores worth $22,185,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Lindbrook Capital LLC boosted its position in Burlington Stores by 114.6% in the 4th quarter. Lindbrook Capital LLC now owns 176 shares of the company’s stock valued at $34,000 after buying an additional 94 shares during the last quarter. GAMMA Investing LLC bought a new stake in Burlington Stores during the 4th quarter worth about $41,000. Fifth Third Bancorp acquired a new position in Burlington Stores during the 4th quarter valued at about $50,000. Homestead Advisers Corp bought a new position in shares of Burlington Stores in the 3rd quarter valued at about $53,000. Finally, Operose Advisors LLC acquired a new stake in shares of Burlington Stores during the 3rd quarter worth approximately $84,000.

Wall Street Analyst Weigh In

A number of research firms have commented on BURL. Evercore ISI lifted their target price on shares of Burlington Stores from $220.00 to $235.00 and gave the stock an “outperform” rating in a report on Friday, February 23rd. Morgan Stanley cut their price target on shares of Burlington Stores from $233.00 to $218.00 and set an “overweight” rating on the stock in a research report on Monday. Piper Sandler raised shares of Burlington Stores from a “neutral” rating to an “overweight” rating and upped their target price for the company from $155.00 to $240.00 in a research note on Wednesday, January 17th. Telsey Advisory Group restated an “outperform” rating and set a $250.00 target price (up from $225.00) on shares of Burlington Stores in a report on Monday, March 4th. Finally, StockNews.com raised shares of Burlington Stores from a “hold” rating to a “buy” rating in a research report on Saturday, March 9th. Three investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $218.60.

Burlington Stores Stock Performance

Shares of BURL traded up $3.46 during mid-day trading on Thursday, reaching $190.94. The company’s stock had a trading volume of 881,414 shares, compared to its average volume of 895,226. The company has a current ratio of 1.15, a quick ratio of 0.61 and a debt-to-equity ratio of 1.40. The stock has a market cap of $12.19 billion, a P/E ratio of 35.73, a PEG ratio of 1.08 and a beta of 1.54. Burlington Stores, Inc. has a 1-year low of $115.66 and a 1-year high of $232.69. The business has a 50-day simple moving average of $203.29 and a two-hundred day simple moving average of $185.30.

Burlington Stores (NYSE:BURL) last issued its quarterly earnings data on Thursday, March 7th. The company reported $3.30 earnings per share for the quarter, beating the consensus estimate of $3.28 by $0.02. Burlington Stores had a net margin of 3.49% and a return on equity of 45.28%. The company had revenue of $3.13 billion for the quarter, compared to analyst estimates of $3.07 billion. During the same period in the prior year, the firm earned $2.96 earnings per share. The company’s revenue was up 13.9% on a year-over-year basis. As a group, equities research analysts anticipate that Burlington Stores, Inc. will post 7.41 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Burlington Stores news, CMO Jennifer Vecchio sold 5,025 shares of the stock in a transaction dated Wednesday, March 20th. The shares were sold at an average price of $225.24, for a total transaction of $1,131,831.00. Following the sale, the chief marketing officer now directly owns 61,115 shares in the company, valued at $13,765,542.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.91% of the stock is currently owned by company insiders.

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.