Burlington Stores, Inc. (NYSE:BURL) Shares Bought by Boothbay Fund Management LLC

Boothbay Fund Management LLC boosted its position in shares of Burlington Stores, Inc. (NYSE:BURL - Free Report) by 37.2% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 63,251 shares of the company's stock after acquiring an additional 17,156 shares during the period. Boothbay Fund Management LLC owned 0.10% of Burlington Stores worth $18,030,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in BURL. Coldstream Capital Management Inc. grew its holdings in Burlington Stores by 18.6% during the 4th quarter. Coldstream Capital Management Inc. now owns 1,076 shares of the company's stock valued at $307,000 after buying an additional 169 shares in the last quarter. Nebula Research & Development LLC purchased a new position in shares of Burlington Stores in the fourth quarter valued at $2,674,000. Hancock Whitney Corp purchased a new position in shares of Burlington Stores in the fourth quarter valued at $310,000. Cartenna Capital LP purchased a new position in shares of Burlington Stores in the fourth quarter valued at $39,302,000. Finally, Sirios Capital Management L P purchased a new position in shares of Burlington Stores in the fourth quarter valued at $899,000.

Analysts Set New Price Targets

Several research analysts have commented on the stock. Wells Fargo & Company dropped their price objective on shares of Burlington Stores from $325.00 to $300.00 and set an "overweight" rating for the company in a research note on Wednesday. Citigroup reduced their price objective on shares of Burlington Stores from $344.00 to $340.00 and set a "buy" rating on the stock in a research report on Friday, March 7th. Robert W. Baird increased their price objective on shares of Burlington Stores from $330.00 to $335.00 and gave the stock an "outperform" rating in a research report on Friday, March 7th. Barclays increased 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. Finally, JPMorgan Chase & Co. reduced their target price on shares of Burlington Stores from $336.00 to $287.00 and set an "overweight" rating on the stock in a research report on Monday, April 14th. One equities research analyst has rated the stock with a hold rating and fifteen have given a buy rating to the company. According to data from MarketBeat.com, Burlington Stores presently has an average rating of "Moderate Buy" and a consensus target price of $321.47.

Insider Buying and Selling at Burlington Stores

In other news, CMO Jennifer Vecchio sold 493 shares of the business's stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $275.75, for a total transaction of $135,944.75. Following the sale, the chief marketing officer now directly owns 58,944 shares of the company's stock, valued at $16,253,808. The trade was a 0.83 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.10% of the stock is owned by insiders.

Burlington Stores Stock Up 0.7 %

Shares of NYSE BURL traded up $1.49 during midday trading on Thursday, reaching $226.53. 616,292 shares of the company's stock traded hands, compared to its average volume of 1,184,124. The company has a market cap of $14.27 billion, a price-to-earnings ratio of 31.03, a P/E/G ratio of 1.11 and a beta of 1.65. Burlington Stores, Inc. has a one year low of $179.88 and a one year high of $298.89. The company has a quick ratio of 0.54, a current ratio of 1.17 and a debt-to-equity ratio of 1.35. The stock's 50 day simple moving average is $235.23 and its 200-day simple moving average is $260.46.

Burlington Stores (NYSE:BURL - Get Free Report) last announced its earnings results on Thursday, March 6th. The company reported $4.07 earnings per share for the quarter, beating the consensus estimate of $3.75 by $0.32. The company had revenue of $3.28 billion during the quarter, compared to the consensus estimate of $3.25 billion. Burlington Stores had a net margin of 4.49% and a return on equity of 47.52%. On average, analysts predict that Burlington Stores, Inc. will post 7.93 EPS for the current fiscal 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.