Heritage Investors Management Corp Sells 253 Shares of Burlington Stores, Inc. (NYSE:BURL)

Heritage Investors Management Corp reduced its holdings in shares of Burlington Stores, Inc. (NYSE:BURL) by 0.5% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 47,509 shares of the company’s stock after selling 253 shares during the quarter. Heritage Investors Management Corp owned approximately 0.07% of Burlington Stores worth $9,240,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in BURL. Pacer Advisors Inc. bought a new position in Burlington Stores during the 4th quarter worth $1,875,000. Amalgamated Bank raised its position in shares of Burlington Stores by 416.8% in the 4th quarter. Amalgamated Bank now owns 37,487 shares of the company’s stock valued at $7,290,000 after buying an additional 30,233 shares in the last quarter. Louisiana State Employees Retirement System bought a new stake in shares of Burlington Stores during the 4th quarter worth approximately $3,540,000. State of Alaska Department of Revenue boosted its position in shares of Burlington Stores by 77.8% during the 4th quarter. State of Alaska Department of Revenue now owns 16,481 shares of the company’s stock worth $3,204,000 after acquiring an additional 7,210 shares in the last quarter. Finally, State of Michigan Retirement System bought a new position in Burlington Stores in the fourth quarter valued at approximately $3,034,000.

Analyst Ratings Changes

A number of brokerages have weighed in on BURL. StockNews.com raised Burlington Stores from a “hold” rating to a “buy” rating in a report on Saturday, March 9th. Morgan Stanley decreased their target price on Burlington Stores from $233.00 to $218.00 and set an “overweight” rating on the stock in a research report on Monday. UBS Group raised shares of Burlington Stores from a “sell” rating to a “neutral” rating and increased their target price for the stock from $126.00 to $212.00 in a report on Thursday, May 2nd. Evercore ISI lifted their price target on shares of Burlington Stores from $220.00 to $235.00 and gave the company an “outperform” rating in a report on Friday, February 23rd. Finally, Telsey Advisory Group reissued an “outperform” rating and issued a $250.00 price objective (up previously from $225.00) on shares of Burlington Stores in a research note on Monday, March 4th. Three investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $218.60.

Burlington Stores Trading Up 1.8 %

NYSE BURL traded up $3.46 on Thursday, reaching $190.94. The company had a trading volume of 881,414 shares, compared to its average volume of 895,226. The firm has a market cap of $12.19 billion, a price-to-earnings ratio of 36.37, a P/E/G ratio of 1.08 and a beta of 1.54. The company has a debt-to-equity ratio of 1.40, a current ratio of 1.15 and a quick ratio of 0.61. Burlington Stores, Inc. has a fifty-two week low of $115.66 and a fifty-two week high of $232.69. The business has a 50 day moving average of $203.29 and a two-hundred day 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 (EPS) for the quarter, topping analysts’ consensus estimates of $3.28 by $0.02. Burlington Stores had a return on equity of 45.28% and a net margin of 3.49%. The company had revenue of $3.13 billion during the quarter, compared to the consensus estimate of $3.07 billion. During the same period last year, the company earned $2.96 earnings per share. The firm’s revenue was up 13.9% compared to the same quarter last year. Analysts forecast that Burlington Stores, Inc. will post 7.41 EPS for the current 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 stock was sold at an average price of $225.24, for a total transaction of $1,131,831.00. Following the completion of the sale, the chief marketing officer now directly owns 61,115 shares in the company, valued at approximately $13,765,542.60. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.91% of the stock is owned by 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.