Natixis Sells 12,395 Shares of Burlington Stores, Inc. (NYSE:BURL)

Natixis lowered its holdings in Burlington Stores, Inc. (NYSE:BURL - Free Report) by 96.5% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 445 shares of the company's stock after selling 12,395 shares during the period. Natixis' holdings in Burlington Stores were worth $127,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. IFP Advisors Inc boosted its position in shares of 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 buying an additional 40 shares during the period. Fortitude Family Office LLC raised its stake in shares of Burlington Stores by 148.6% during the 4th quarter. Fortitude Family Office LLC now owns 92 shares of the company's stock worth $26,000 after purchasing an additional 55 shares in the last quarter. Stonebridge Financial Group LLC bought a new stake in shares of Burlington Stores in the 4th quarter valued at approximately $31,000. Farther Finance Advisors LLC raised its position in 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 in the last quarter. Finally, Parkside Financial Bank & Trust lifted its stake in Burlington Stores by 157.1% in 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 last quarter.

Insider Transactions at Burlington Stores

In other news, CMO Jennifer Vecchio sold 4,939 shares of the company's stock in a transaction dated 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 owns 70,006 shares of the company's stock, valued at approximately $16,797,239.64. This represents a 6.59 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 1.10% of the stock is currently owned by insiders.

Burlington Stores Stock Performance

BURL traded up $0.94 during trading on Thursday, reaching $225.98. 450,157 shares of the company's stock were exchanged, compared to its average volume of 979,475. Burlington Stores, Inc. has a fifty-two week low of $175.30 and a fifty-two week high of $298.89. The company has a market capitalization of $14.23 billion, a P/E ratio of 31.02, a PEG ratio of 1.11 and a beta of 1.65. 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 business has a 50 day moving average price of $235.23 and a 200 day moving average price of $260.46.

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

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the stock. Barclays lifted their price objective on shares of Burlington Stores from $317.00 to $329.00 and gave the company an "overweight" rating in a research note on Friday, March 7th. UBS Group boosted their price target on Burlington Stores from $360.00 to $405.00 and gave the stock a "buy" rating in a research report on Friday, March 7th. Robert W. Baird increased their price objective on Burlington Stores from $330.00 to $335.00 and gave the company an "outperform" rating in a report on Friday, March 7th. Morgan Stanley lifted their price target on shares of Burlington Stores from $296.00 to $297.00 and gave the company an "overweight" rating in a research report on Friday, March 7th. Finally, JPMorgan Chase & Co. cut their target price on shares of Burlington Stores from $336.00 to $287.00 and set an "overweight" rating for the company in a research report on Monday, April 14th. One equities research analyst has rated the stock with a hold rating and fifteen have issued a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $321.47.

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.