Burlington Stores, Inc. (NYSE:BURL) Holdings Lifted by First Trust Advisors LP

First Trust Advisors LP raised its position in shares of Burlington Stores, Inc. (NYSE:BURL - Free Report) by 59.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 131,937 shares of the company's stock after acquiring an additional 49,061 shares during the period. First Trust Advisors LP owned approximately 0.21% of Burlington Stores worth $37,610,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Wilmington Savings Fund Society FSB acquired a new stake in Burlington Stores during the 3rd quarter worth approximately $57,000. Logan Capital Management Inc. increased its position in shares of Burlington Stores by 9.1% in the third quarter. Logan Capital Management Inc. now owns 56,354 shares of the company's stock worth $14,848,000 after acquiring an additional 4,695 shares in the last quarter. Versant Capital Management Inc increased its position in shares of Burlington Stores by 682.1% in the fourth quarter. Versant Capital Management Inc now owns 219 shares of the company's stock worth $62,000 after acquiring an additional 191 shares in the last quarter. GAMMA Investing LLC raised its stake in shares of Burlington Stores by 77.1% in the 4th quarter. GAMMA Investing LLC now owns 907 shares of the company's stock valued at $259,000 after acquiring an additional 395 shares during the period. Finally, Everence Capital Management Inc. acquired a new position in shares of Burlington Stores during the 4th quarter valued at $388,000.

Insider Buying and Selling

In other news, CMO Jennifer Vecchio sold 4,939 shares of Burlington Stores stock in a transaction that occurred on Thursday, March 20th. The stock was sold at an average price of $239.94, for a total transaction 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. The trade was a 6.59 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 1.10% of the stock is owned by company insiders.

Burlington Stores Stock Performance

Shares of NYSE BURL traded down $2.94 during midday trading on Wednesday, hitting $224.70. The company's stock had a trading volume of 1,736,206 shares, compared to its average volume of 981,443. The company has a debt-to-equity ratio of 1.35, a quick ratio of 0.54 and a current ratio of 1.17. Burlington Stores, Inc. has a 1-year low of $175.30 and a 1-year high of $298.89. The firm's fifty day moving average price is $235.23 and its 200-day moving average price is $260.46. The firm has a market cap of $14.15 billion, a P/E ratio of 30.78, a P/E/G ratio of 1.11 and a beta of 1.65.

Burlington Stores (NYSE:BURL - Get Free Report) last issued its earnings results on Thursday, March 6th. The company reported $4.07 EPS for the quarter, beating analysts' consensus estimates of $3.75 by $0.32. The company had revenue of $3.28 billion during the quarter, compared to the consensus estimate of $3.25 billion. Burlington Stores had a return on equity of 47.52% and a net margin of 4.49%. On average, sell-side analysts forecast that Burlington Stores, Inc. will post 7.93 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts have commented on BURL shares. Morgan Stanley raised their price objective on Burlington Stores from $296.00 to $297.00 and gave the company an "overweight" rating in a research report on Friday, March 7th. Telsey Advisory Group reiterated an "outperform" rating and set a $340.00 target price on shares of Burlington Stores in a report on Thursday, March 6th. Citigroup decreased their price target on Burlington Stores from $344.00 to $340.00 and set a "buy" rating for the company in a report on Friday, March 7th. 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. Finally, Robert W. Baird raised their price target 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 equities research analyst has rated the stock with a hold rating and fifteen have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average 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.