Crestline Management LP Raises Stock Position in Burlington Stores, Inc. (NYSE:BURL)

Crestline Management LP grew its holdings in shares of Burlington Stores, Inc. (NYSE:BURL - Free Report) by 140.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 16,327 shares of the company's stock after buying an additional 9,541 shares during the quarter. Crestline Management LP's holdings in Burlington Stores were worth $4,654,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Wilmington Savings Fund Society FSB bought a new stake in shares of Burlington Stores in the 3rd quarter valued at approximately $57,000. GAMMA Investing LLC raised its holdings in Burlington Stores by 77.1% during the 4th quarter. GAMMA Investing LLC now owns 907 shares of the company's stock valued at $259,000 after buying an additional 395 shares during the period. Everence Capital Management Inc. bought a new stake in Burlington Stores in the fourth quarter worth $388,000. Fulton Bank N.A. boosted its stake in Burlington Stores by 8.7% during the fourth quarter. Fulton Bank N.A. now owns 8,098 shares of the company's stock worth $2,308,000 after buying an additional 645 shares during the period. Finally, Fortitude Family Office LLC increased its position in Burlington Stores by 148.6% during the fourth quarter. Fortitude Family Office LLC now owns 92 shares of the company's stock valued at $26,000 after acquiring an additional 55 shares during the last quarter.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on BURL. UBS Group raised their target price on shares of Burlington Stores from $360.00 to $405.00 and gave the stock a "buy" rating in a report on Friday, March 7th. Robert W. Baird raised their price objective on shares of Burlington Stores from $330.00 to $335.00 and gave the stock an "outperform" rating in a research note on Friday, March 7th. JPMorgan Chase & Co. reduced their price target on Burlington Stores from $336.00 to $287.00 and set an "overweight" rating on the stock in a report on Monday, April 14th. Telsey Advisory Group reissued an "outperform" rating and set a $340.00 target price on shares of Burlington Stores in a research note on Thursday, March 6th. Finally, Citigroup dropped 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 equities research analyst has rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. According to data from MarketBeat, Burlington Stores has a consensus rating of "Moderate Buy" and an average price target of $319.60.

Insider Buying and Selling

In related news, CMO Jennifer Vecchio sold 4,939 shares of the business's stock in a transaction on Thursday, March 20th. The shares were sold at an average price of $239.94, for a total transaction of $1,185,063.66. Following the completion of the transaction, the chief marketing officer now directly owns 70,006 shares in the company, valued at $16,797,239.64. The trade was a 6.59 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 1.10% of the company's stock.

Burlington Stores Trading Down 0.0 %

Burlington Stores stock opened at $237.01 on Wednesday. Burlington Stores, Inc. has a one year low of $181.87 and a one year high of $298.89. The company has a debt-to-equity ratio of 1.35, a quick ratio of 0.54 and a current ratio of 1.17. The stock has a market cap of $14.93 billion, a PE ratio of 32.47, a price-to-earnings-growth ratio of 1.11 and a beta of 1.70. The stock has a 50-day moving average of $234.72 and a two-hundred day moving average of $259.88.

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

Burlington Stores 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.

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