Frontier Capital Management Co. LLC Sells 39,078 Shares of Burlington Stores, Inc. (NYSE:BURL)

Frontier Capital Management Co. LLC reduced its holdings in Burlington Stores, Inc. (NYSE:BURL - Free Report) by 11.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 299,369 shares of the company's stock after selling 39,078 shares during the quarter. Burlington Stores accounts for 0.8% of Frontier Capital Management Co. LLC's holdings, making the stock its 25th biggest position. Frontier Capital Management Co. LLC owned about 0.47% of Burlington Stores worth $85,338,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in BURL. IFP Advisors Inc raised its holdings in shares of Burlington Stores by 81.6% during 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 period. Fortitude Family Office LLC raised its holdings in shares of 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 acquiring an additional 55 shares during the period. Stonebridge Financial Group LLC acquired a new stake in shares of Burlington Stores during the fourth quarter valued at approximately $31,000. Farther Finance Advisors LLC raised its holdings in shares of Burlington Stores by 104.5% during the fourth quarter. Farther Finance Advisors LLC now owns 135 shares of the company's stock valued at $38,000 after acquiring an additional 69 shares during the period. Finally, Parkside Financial Bank & Trust raised its holdings in shares of Burlington Stores by 157.1% during the fourth quarter. Parkside Financial Bank & Trust now owns 144 shares of the company's stock valued at $41,000 after acquiring an additional 88 shares during the period.

Analysts Set New Price Targets

BURL has been the topic of a number of research analyst reports. JPMorgan Chase & Co. lowered their price objective 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. Wells Fargo & Company lowered their price objective on shares of Burlington Stores from $325.00 to $300.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 30th. UBS Group boosted their price objective on shares of Burlington Stores from $360.00 to $405.00 and gave the company a "buy" rating in a research report on Friday, March 7th. Morgan Stanley lowered their price objective on shares of Burlington Stores from $297.00 to $269.00 and set an "overweight" rating on the stock in a research report on Tuesday, May 6th. Finally, Telsey Advisory Group reaffirmed an "outperform" rating and set a $340.00 price objective on shares of Burlington Stores in a research report on Thursday, March 6th. One equities research analyst has rated the stock with a hold rating and fifteen have assigned a buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $314.60.

Insiders Place Their Bets

In other news, CMO Jennifer Vecchio sold 4,939 shares of Burlington Stores 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 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Travis Marquette sold 190 shares of the business's stock in a transaction on Monday, May 5th. The stock was sold at an average price of $237.63, for a total transaction of $45,149.70. Following the transaction, the chief operating officer now owns 22,858 shares in the company, valued at approximately $5,431,746.54. The trade was a 0.82% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 1.10% of the company's stock.

Burlington Stores Trading Up 8.5%

Shares of NYSE BURL traded up $20.24 during mid-day trading on Monday, hitting $259.55. The company's stock had a trading volume of 1,278,961 shares, compared to its average volume of 1,195,956. The stock has a market cap of $16.35 billion, a price-to-earnings ratio of 35.55, a price-to-earnings-growth ratio of 1.11 and a beta of 1.70. 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 one year low of $181.87 and a one year high of $298.89. The company's fifty day simple moving average is $235.08 and its 200-day simple moving average is $259.70.

Burlington Stores (NYSE:BURL - Get Free Report) last released 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 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%. On average, sell-side analysts anticipate that Burlington Stores, Inc. will post 7.93 earnings per share for the current fiscal year.

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.