Logan Capital Management Inc. Sells 1,643 Shares of Burlington Stores, Inc. (NYSE:BURL)

Logan Capital Management Inc. cut its stake in shares of Burlington Stores, Inc. (NYSE:BURL - Free Report) by 2.9% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 54,711 shares of the company's stock after selling 1,643 shares during the quarter. Logan Capital Management Inc. owned 0.09% of Burlington Stores worth $15,596,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in the stock. Argonautica Private Wealth Management Inc. grew its stake in shares of Burlington Stores by 1.1% in the 4th quarter. Argonautica Private Wealth Management Inc. now owns 3,728 shares of the company's stock valued at $1,063,000 after buying an additional 39 shares during the period. IFP Advisors Inc boosted its holdings in Burlington Stores by 81.6% in the fourth quarter. IFP Advisors Inc now owns 89 shares of the company's stock worth $25,000 after acquiring an additional 40 shares in the last quarter. Legacy Capital Wealth Partners LLC boosted its holdings 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 worth $300,000 after acquiring an additional 42 shares in the last quarter. MassMutual Private Wealth & Trust FSB grew its stake in Burlington Stores by 36.5% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 172 shares of the company's stock valued at $49,000 after acquiring an additional 46 shares during the period. Finally, Metis Global Partners LLC grew its position in Burlington Stores by 5.9% in the 4th quarter. Metis Global Partners LLC now owns 867 shares of the company's stock valued at $247,000 after purchasing an additional 48 shares during the period.

Analyst Ratings Changes

Several analysts have recently commented on BURL shares. UBS Group increased their target price on shares of Burlington Stores from $360.00 to $405.00 and gave the company a "buy" rating in a report on Friday, March 7th. Citigroup dropped their target price on 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 boosted their price objective on Burlington Stores from $330.00 to $335.00 and gave the company an "outperform" rating in a research note on Friday, March 7th. 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, May 6th. Finally, JPMorgan Chase & Co. decreased their price target on 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 analyst has rated the stock with a hold rating and fifteen have given a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $314.60.

Burlington Stores Trading Down 0.3%

Shares of Burlington Stores stock traded down $0.87 on Thursday, hitting $264.75. The stock had a trading volume of 790,207 shares, compared to its average volume of 995,960. The company has a quick ratio of 0.54, a current ratio of 1.17 and a debt-to-equity ratio of 1.35. Burlington Stores, Inc. has a one year low of $181.87 and a one year high of $298.89. The stock's 50-day simple moving average is $236.11 and its two-hundred day simple moving average is $259.80. The stock has a market cap of $16.68 billion, a price-to-earnings ratio of 36.27, a PEG ratio of 1.11 and a beta of 1.70.

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 (EPS) for the quarter, beating analysts' consensus estimates of $3.75 by $0.32. Burlington Stores had a net margin of 4.49% and a return on equity of 47.52%. The firm had revenue of $3.28 billion for the quarter, compared to analysts' expectations of $3.25 billion. As a group, sell-side analysts predict that Burlington Stores, Inc. will post 7.93 EPS for the current year.

Insiders Place Their Bets

In other Burlington Stores news, COO Travis Marquette sold 190 shares of the stock in a transaction on Monday, May 5th. The stock was sold at an average price of $237.63, for a total value of $45,149.70. Following the completion of the transaction, the chief operating officer now owns 22,858 shares in the company, valued at approximately $5,431,746.54. This represents a 0.82% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CMO Jennifer Vecchio sold 4,939 shares of the firm'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 transaction, the chief marketing officer now directly owns 70,006 shares of the company's stock, valued at $16,797,239.64. This represents a 6.59% decrease in their position. The disclosure for this sale can be found here. Company insiders own 1.10% of the company's stock.

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.