Burlington Stores, Inc. (NYSE:BURL) Shares Sold by Capital International Inc. CA

Capital International Inc. CA decreased its holdings in Burlington Stores, Inc. (NYSE:BURL - Free Report) by 2.7% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 69,779 shares of the company's stock after selling 1,971 shares during the period. Capital International Inc. CA owned about 0.11% of Burlington Stores worth $19,891,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of BURL. Buckingham Capital Management Inc. lifted its position in Burlington Stores by 159.0% during the fourth quarter. Buckingham Capital Management Inc. now owns 17,419 shares of the company's stock worth $4,965,000 after purchasing an additional 10,693 shares during the period. Logan Capital Management Inc. raised its position in Burlington Stores by 9.1% in the third quarter. Logan Capital Management Inc. now owns 56,354 shares of the company's stock valued at $14,848,000 after purchasing an additional 4,695 shares during the last quarter. Allspring Global Investments Holdings LLC grew its holdings in shares of Burlington Stores by 7.5% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 378,921 shares of the company's stock worth $108,292,000 after purchasing an additional 26,412 shares during the last quarter. Grandeur Peak Global Advisors LLC raised its stake in shares of Burlington Stores by 3.0% during the fourth quarter. Grandeur Peak Global Advisors LLC now owns 45,056 shares of the company's stock valued at $12,844,000 after acquiring an additional 1,305 shares during the last quarter. Finally, HB Wealth Management LLC acquired a new stake in Burlington Stores in the fourth quarter valued at $265,000.

Burlington Stores Price Performance

Shares of NYSE BURL traded up $1.44 during midday trading on Friday, reaching $222.43. 342,764 shares of the stock traded hands, compared to its average volume of 978,670. The company's 50 day moving average is $236.59 and its 200 day moving average is $261.18. The company has a debt-to-equity ratio of 1.35, a current ratio of 1.17 and a quick ratio of 0.54. The stock has a market capitalization of $14.01 billion, a PE ratio of 30.48, a P/E/G ratio of 1.11 and a beta of 1.65. Burlington Stores, Inc. has a one year low of $174.64 and a one year high of $298.89.

Burlington Stores (NYSE:BURL - Get Free Report) last posted 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 return on equity of 47.52% and a net margin of 4.49%. The company had revenue of $3.28 billion during the quarter, compared to analysts' expectations of $3.25 billion. On average, equities research analysts anticipate that Burlington Stores, Inc. will post 7.93 earnings per share for the current year.

Insider Transactions at Burlington Stores

In other news, CMO Jennifer Vecchio sold 4,939 shares of the company's 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 transaction, the chief marketing officer now directly owns 70,006 shares in the company, valued at approximately $16,797,239.64. This represents a 6.59 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 1.10% of the company's stock.

Analyst Upgrades and Downgrades

BURL has been the subject of several research analyst reports. JPMorgan Chase & Co. lowered their price objective on Burlington Stores from $336.00 to $287.00 and set an "overweight" rating for the company in a research report on Monday, April 14th. Citigroup reduced their target price on Burlington Stores from $344.00 to $340.00 and set a "buy" rating for the company in a report on Friday, March 7th. Morgan Stanley increased their target price 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. Robert W. Baird increased their price target on Burlington Stores from $330.00 to $335.00 and gave the stock an "outperform" rating in a research note on Friday, March 7th. Finally, Barclays increased their target price on Burlington Stores from $317.00 to $329.00 and gave the stock an "overweight" rating in a research 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 MarketBeat.com, Burlington Stores has an average rating of "Moderate Buy" and an average price target of $323.13.

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.