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

Bain Capital Public Equity LP lifted its holdings in shares of Burlington Stores, Inc. (NYSE:BURL - Free Report) by 62.2% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 29,016 shares of the company's stock after acquiring an additional 11,123 shares during the quarter. Burlington Stores accounts for about 5.4% of Bain Capital Public Equity LP's holdings, making the stock its 5th largest position. 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 have also bought and sold shares of BURL. IFP Advisors Inc boosted its stake in Burlington Stores by 81.6% in the fourth quarter. IFP Advisors Inc now owns 89 shares of the company's stock valued at $25,000 after acquiring an additional 40 shares during the last quarter. Fortitude Family Office LLC lifted 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 valued at $26,000 after purchasing an additional 55 shares during the last quarter. Stonebridge Financial Group LLC bought a new position in Burlington Stores during the fourth quarter valued at $31,000. Farther Finance Advisors LLC increased its position in Burlington Stores by 104.5% in the fourth 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 last quarter. Finally, Parkside Financial Bank & Trust raised its stake in shares of 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 buying an additional 88 shares during the period.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on BURL. Barclays lifted their target price on shares of Burlington Stores from $317.00 to $329.00 and gave the stock an "overweight" rating in a research note on Friday, March 7th. Wells Fargo & Company lowered their target price on shares of Burlington Stores from $325.00 to $300.00 and set an "overweight" rating on the stock in a report on Wednesday, April 30th. Robert W. Baird raised their price target on Burlington Stores from $330.00 to $335.00 and gave the stock an "outperform" rating in a report on Friday, March 7th. Citigroup decreased their price objective on Burlington Stores from $344.00 to $340.00 and set a "buy" rating on the stock in a research note on Friday, March 7th. Finally, Morgan Stanley cut their target price on Burlington Stores from $297.00 to $269.00 and set an "overweight" rating for the company in a research note on Tuesday. One investment analyst has rated the stock with a hold rating and fifteen have given a buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $319.60.

Insider Buying and Selling at Burlington Stores

In other Burlington Stores news, CMO Jennifer Vecchio sold 4,939 shares of the company's stock in a transaction on 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 approximately $16,797,239.64. This represents a 6.59 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, 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 directly owns 22,858 shares in the company, valued at $5,431,746.54. The trade was a 0.82 % decrease in their position. The disclosure for this sale can be found here. 1.10% of the stock is currently owned by corporate insiders.

Burlington Stores Trading Down 3.6 %

Burlington Stores stock traded down $8.92 during trading hours on Friday, reaching $240.08. The company had a trading volume of 504,436 shares, compared to its average volume of 992,625. 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, Inc. has a 12-month low of $181.87 and a 12-month high of $298.89. The company has a 50-day moving average price of $234.89 and a 200 day moving average price of $259.73. The firm has a market cap of $15.12 billion, a price-to-earnings ratio of 32.89, a P/E/G ratio of 1.11 and a beta of 1.70.

Burlington Stores (NYSE:BURL - Get Free Report) last posted its quarterly earnings results on Thursday, March 6th. The company reported $4.07 EPS for the quarter, beating analysts' consensus estimates of $3.75 by $0.32. The company had revenue of $3.28 billion during 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%. Equities analysts forecast that Burlington Stores, Inc. will post 7.93 earnings per share for the current year.

Burlington Stores Company 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.