Price T Rowe Associates Inc. MD Has $348.37 Million Stock Position in Burlington Stores, Inc. (NYSE:BURL)

Price T Rowe Associates Inc. MD trimmed its position in Burlington Stores, Inc. (NYSE:BURL - Free Report) by 10.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,222,104 shares of the company's stock after selling 149,565 shares during the quarter. Price T Rowe Associates Inc. MD owned 1.93% of Burlington Stores worth $348,374,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. IFP Advisors Inc raised its position in Burlington Stores by 81.6% in the fourth quarter. IFP Advisors Inc now owns 89 shares of the company's stock valued at $25,000 after purchasing an additional 40 shares during the period. Fortitude Family Office LLC lifted its position in 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 acquiring an additional 55 shares in the last quarter. Stonebridge Financial Group LLC purchased a new position in Burlington Stores in the 4th quarter worth approximately $31,000. Farther Finance Advisors LLC raised its stake 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 purchasing an additional 69 shares during the period. Finally, Parkside Financial Bank & Trust lifted its position 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 worth $41,000 after purchasing an additional 88 shares in the last quarter.

Wall Street Analysts Forecast Growth

Several research firms recently commented on BURL. Barclays boosted their price target on Burlington Stores from $317.00 to $329.00 and gave the stock an "overweight" rating in a research note on Friday, March 7th. Wells Fargo & Company cut their price objective on Burlington Stores from $325.00 to $300.00 and set an "overweight" rating on the stock in a research note on Wednesday. UBS Group lifted their target price on Burlington Stores from $360.00 to $405.00 and gave the stock a "buy" rating in a research report on Friday, March 7th. JPMorgan Chase & Co. dropped 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. Finally, Citigroup reduced their price objective on Burlington Stores from $344.00 to $340.00 and set a "buy" rating on the stock in a research note on Friday, March 7th. One analyst has rated the stock with a hold rating and fifteen have given a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $321.47.

Burlington Stores Trading Up 0.0 %

Shares of Burlington Stores stock traded up $0.02 on Thursday, reaching $225.06. 498,582 shares of the company were exchanged, compared to its average volume of 979,602. The company has a current ratio of 1.17, a quick ratio of 0.54 and a debt-to-equity ratio of 1.35. Burlington Stores, Inc. has a fifty-two week low of $175.30 and a fifty-two week high of $298.89. The firm has a market capitalization of $14.18 billion, a price-to-earnings ratio of 30.83, a price-to-earnings-growth ratio of 1.11 and a beta of 1.65. The stock has a fifty 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 announced its earnings results on Thursday, March 6th. The company reported $4.07 EPS for the quarter, topping the consensus estimate of $3.75 by $0.32. Burlington Stores had a net margin of 4.49% and a return on equity of 47.52%. The company had revenue of $3.28 billion during the quarter, compared to analysts' expectations of $3.25 billion. On average, analysts expect that Burlington Stores, Inc. will post 7.93 EPS for the current year.

Insider Buying and Selling at Burlington Stores

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