Driehaus Capital Management LLC Cuts Stock Position in Burlington Stores, Inc. (NYSE:BURL)

Driehaus Capital Management LLC lessened its stake in shares of Burlington Stores, Inc. (NYSE:BURL - Free Report) by 1.7% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 75,385 shares of the company's stock after selling 1,308 shares during the period. Driehaus Capital Management LLC owned about 0.12% of Burlington Stores worth $21,489,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in the company. Argonautica Private Wealth Management Inc. raised its position in shares of Burlington Stores by 1.1% in the fourth quarter. Argonautica Private Wealth Management Inc. now owns 3,728 shares of the company's stock valued at $1,063,000 after purchasing an additional 39 shares during the period. IFP Advisors Inc lifted its holdings 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 buying an additional 40 shares in the last quarter. Legacy Capital Wealth Partners LLC boosted its stake in Burlington Stores by 4.2% in the fourth quarter. Legacy Capital Wealth Partners LLC now owns 1,051 shares of the company's stock valued at $300,000 after acquiring an additional 42 shares during the last quarter. MassMutual Private Wealth & Trust FSB increased its position in shares of Burlington Stores by 36.5% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 172 shares of the company's stock valued at $49,000 after buying an additional 46 shares in the last quarter. Finally, SRS Capital Advisors Inc. boosted its stake in Burlington Stores by 21.7% in the 4th quarter. SRS Capital Advisors Inc. now owns 269 shares of the company's stock worth $77,000 after purchasing an additional 48 shares during the period.

Burlington Stores Trading Up 2.0%

Shares of BURL traded up $5.12 during mid-day trading on Wednesday, reaching $266.53. 399,278 shares of the company's stock traded hands, compared to its average volume of 993,531. 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 stock's 50-day moving average is $235.60 and its two-hundred day moving average is $259.77. Burlington Stores, Inc. has a 12 month low of $181.87 and a 12 month high of $298.89. The stock has a market cap of $16.79 billion, a P/E ratio of 36.51, a P/E/G ratio of 1.11 and a beta of 1.70.

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, beating analysts' consensus estimates of $3.75 by $0.32. Burlington Stores had a return on equity of 47.52% and a net margin of 4.49%. The business had revenue of $3.28 billion for the quarter, compared to the consensus estimate of $3.25 billion. Research analysts forecast that Burlington Stores, Inc. will post 7.93 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

BURL has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. cut their price target on shares of Burlington Stores from $336.00 to $287.00 and set an "overweight" rating for the company in a research note on Monday, April 14th. Morgan Stanley dropped their target price on shares of Burlington Stores from $297.00 to $269.00 and set an "overweight" rating on the stock in a report on Tuesday, May 6th. Barclays decreased their price target on shares of Burlington Stores from $329.00 to $254.00 and set an "overweight" rating for the company in a research note on Monday. UBS Group upped their target price on shares of Burlington Stores from $360.00 to $405.00 and gave the stock a "buy" rating in a report on Friday, March 7th. Finally, Robert W. Baird increased their target price on shares of Burlington Stores from $330.00 to $335.00 and gave the company an "outperform" rating in a report on Friday, March 7th. One 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.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $314.60.

Insider Activity at Burlington Stores

In other Burlington Stores 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 transaction, the chief operating officer now directly owns 22,858 shares of the company's stock, valued at $5,431,746.54. The trade was a 0.82% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CMO Jennifer Vecchio sold 4,939 shares of the company's stock in a transaction that occurred 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 owns 70,006 shares in the company, valued at $16,797,239.64. This represents 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 currently owned by insiders.

About Burlington Stores

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.