Baird Financial Group Inc. Trims Stock Holdings in Burlington Stores, Inc. (NYSE:BURL)

Baird Financial Group Inc. cut its position in Burlington Stores, Inc. (NYSE:BURL - Free Report) by 7.4% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 247,519 shares of the company's stock after selling 19,801 shares during the period. Baird Financial Group Inc. owned approximately 0.39% of Burlington Stores worth $70,558,000 at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of BURL. IFP Advisors Inc grew its position in Burlington Stores by 81.6% during the 4th quarter. IFP Advisors Inc now owns 89 shares of the company's stock worth $25,000 after purchasing an additional 40 shares during the period. Fortitude Family Office LLC grew its position in Burlington Stores by 148.6% during the fourth quarter. Fortitude Family Office LLC now owns 92 shares of the company's stock valued at $26,000 after buying an additional 55 shares during the period. Stonebridge Financial Group LLC acquired a new stake in Burlington Stores during the fourth quarter valued at $31,000. Farther Finance Advisors LLC raised its position in shares of 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 acquiring an additional 69 shares during the period. Finally, Parkside Financial Bank & Trust boosted its stake in shares of Burlington Stores by 157.1% during 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 in the last quarter.

Insider Buying and Selling

In other Burlington Stores news, CMO Jennifer Vecchio sold 4,939 shares of Burlington Stores stock in a transaction dated Thursday, March 20th. The shares were sold at an average price of $239.94, for a total transaction of $1,185,063.66. Following the completion of the sale, 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 ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 1.10% of the company's stock.

Analysts Set New Price Targets

A number of research firms recently weighed in on BURL. Wells Fargo & Company reduced their price target on Burlington Stores from $325.00 to $300.00 and set an "overweight" rating for the company in a report on Wednesday, April 30th. Barclays upped their price objective on shares of Burlington Stores from $317.00 to $329.00 and gave the stock an "overweight" rating in a research report on Friday, March 7th. Telsey Advisory Group reiterated an "outperform" rating and issued a $340.00 target price on shares of Burlington Stores in a research report on Thursday, March 6th. Citigroup reduced their price target on shares of Burlington Stores from $344.00 to $340.00 and set a "buy" rating for the company in a research report on Friday, March 7th. Finally, UBS Group boosted their price objective on Burlington Stores from $360.00 to $405.00 and gave the stock a "buy" rating in a research note on Friday, March 7th. One analyst has rated the stock with a hold rating and fifteen have issued a buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $321.47.

Burlington Stores Price Performance

Shares of BURL stock opened at $235.53 on Monday. The firm's 50-day moving average is $235.06 and its two-hundred day moving average is $260.18. Burlington Stores, Inc. has a 12 month low of $181.87 and a 12 month high of $298.89. The company has a debt-to-equity ratio of 1.35, a current ratio of 1.17 and a quick ratio of 0.54. The company has a market capitalization of $14.84 billion, a PE ratio of 32.26, a price-to-earnings-growth ratio of 1.11 and a beta of 1.70.

Burlington Stores (NYSE:BURL - Get Free Report) last issued its quarterly earnings data on Thursday, March 6th. The company reported $4.07 earnings per share for the quarter, topping the consensus estimate 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 return on equity of 47.52% and a net margin of 4.49%. Analysts predict 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.

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