Burlington Stores, Inc. (NYSE:BURL) is Bain Capital Public Equity LP's 5th Largest Position

Bain Capital Public Equity LP grew its position in shares of Burlington Stores, Inc. (NYSE:BURL - Free Report) by 62.2% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 29,016 shares of the company's stock after buying an additional 11,123 shares during the quarter. Burlington Stores accounts for approximately 5.4% of Bain Capital Public Equity LP's investment portfolio, making the stock its 5th biggest holding. Bain Capital Public Equity LP's holdings in Burlington Stores were worth $8,271,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of BURL. IFP Advisors Inc increased its holdings in Burlington Stores by 81.6% during the fourth quarter. IFP Advisors Inc now owns 89 shares of the company's stock worth $25,000 after buying an additional 40 shares during the last quarter. Fortitude Family Office LLC increased its stake in shares of Burlington Stores by 148.6% during the 4th quarter. Fortitude Family Office LLC now owns 92 shares of the company's stock worth $26,000 after purchasing an additional 55 shares during the last quarter. Stonebridge Financial Group LLC bought a new stake in shares of Burlington Stores in the 4th quarter worth approximately $31,000. Farther Finance Advisors LLC lifted its stake in Burlington Stores by 104.5% in the fourth quarter. Farther Finance Advisors LLC now owns 135 shares of the company's stock valued at $38,000 after purchasing an additional 69 shares during the last quarter. Finally, Parkside Financial Bank & Trust lifted its stake in Burlington Stores by 157.1% in the fourth quarter. Parkside Financial Bank & Trust now owns 144 shares of the company's stock valued at $41,000 after purchasing an additional 88 shares during the last quarter.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on BURL. Telsey Advisory Group reaffirmed an "outperform" rating and set a $340.00 price target on shares of Burlington Stores in a research report on Thursday, March 6th. Morgan Stanley reduced their target price on shares of Burlington Stores from $297.00 to $269.00 and set an "overweight" rating for the company in a research note on Tuesday. Wells Fargo & Company dropped their price target on shares of Burlington Stores from $325.00 to $300.00 and set an "overweight" rating on the stock in a research note on Wednesday, April 30th. JPMorgan Chase & Co. lowered their target price on shares of Burlington Stores from $336.00 to $287.00 and set an "overweight" rating on the stock in a report on Monday, April 14th. Finally, Citigroup dropped their target price on Burlington Stores from $344.00 to $340.00 and set a "buy" rating on the stock in a research report on Friday, March 7th. One equities research analyst has rated the stock with a hold rating and fifteen have assigned a buy rating to the company's stock. According to MarketBeat, Burlington Stores has an average rating of "Moderate Buy" and an average target price of $319.60.

Insider Activity at Burlington Stores

In other news, COO Travis Marquette sold 190 shares of Burlington Stores stock in a transaction dated Monday, May 5th. The shares were sold at an average price of $237.63, for a total transaction of $45,149.70. Following the sale, the chief operating officer now owns 22,858 shares of the company's stock, valued at approximately $5,431,746.54. The trade was a 0.82 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CMO Jennifer Vecchio sold 4,939 shares of the stock in a transaction dated Thursday, March 20th. The stock was sold at an average price of $239.94, for a total transaction of $1,185,063.66. Following the completion of the transaction, the chief marketing officer now directly owns 70,006 shares of the company's stock, valued at approximately $16,797,239.64. The trade was a 6.59 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.10% of the stock is owned by corporate insiders.

Burlington Stores Trading Up 3.4 %

BURL stock traded up $7.99 during midday trading on Wednesday, hitting $245.05. The company had a trading volume of 1,172,197 shares, compared to its average volume of 992,323. The stock has a market cap of $15.44 billion, a price-to-earnings ratio of 33.57, a PEG ratio of 1.11 and a beta of 1.70. Burlington Stores, Inc. has a 52 week low of $181.87 and a 52 week high of $298.89. The company has a current ratio of 1.17, a quick ratio of 0.54 and a debt-to-equity ratio of 1.35. The stock's 50 day moving average price is $234.63 and its 200 day moving average price is $259.77.

Burlington Stores (NYSE:BURL - Get Free Report) last announced its quarterly earnings results on Thursday, March 6th. The company reported $4.07 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $3.75 by $0.32. The business had revenue of $3.28 billion for the quarter, compared to analyst estimates of $3.25 billion. Burlington Stores had a net margin of 4.49% and a return on equity of 47.52%. As a group, equities research analysts expect that Burlington Stores, Inc. will post 7.93 earnings per share for the current fiscal year.

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.