Ethic Inc. Acquires 1,751 Shares of Burlington Stores, Inc. (NYSE:BURL)

Ethic Inc. increased its position in Burlington Stores, Inc. (NYSE:BURL - Free Report) by 98.8% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 3,524 shares of the company's stock after buying an additional 1,751 shares during the period. Ethic Inc.'s holdings in Burlington Stores were worth $1,005,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of the business. IFP Advisors Inc raised its position in shares of Burlington Stores by 81.6% during the 4th quarter. IFP Advisors Inc now owns 89 shares of the company's stock valued at $25,000 after buying an additional 40 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 boosted its holdings in shares of Burlington Stores by 104.5% in the 4th quarter. Farther Finance Advisors LLC now owns 135 shares of the company's stock worth $38,000 after purchasing an additional 69 shares during the period. Parkside Financial Bank & Trust increased its position in shares of Burlington Stores by 157.1% during the 4th quarter. Parkside Financial Bank & Trust now owns 144 shares of the company's stock valued at $41,000 after purchasing an additional 88 shares during the last quarter. Finally, MassMutual Private Wealth & Trust FSB raised its holdings in Burlington Stores by 36.5% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 172 shares of the company's stock valued at $49,000 after buying an additional 46 shares during the period.

Insiders Place Their Bets

In other news, CMO Jennifer Vecchio sold 4,939 shares of the business's stock in a transaction on Thursday, March 20th. The stock was 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. The trade was a 6.59% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, COO Travis Marquette sold 190 shares of the stock in a transaction dated Monday, May 5th. The stock was sold at an average price of $237.63, for a total value of $45,149.70. Following the completion of the sale, the chief operating officer now directly owns 22,858 shares of the company's stock, valued at approximately $5,431,746.54. This represents a 0.82% decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.10% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on BURL shares. Telsey Advisory Group reissued an "outperform" rating and issued a $340.00 target price on shares of Burlington Stores in a research note on Thursday, March 6th. UBS Group upped their price target on shares of Burlington Stores from $360.00 to $405.00 and gave the company a "buy" rating in a report on Friday, March 7th. Morgan Stanley decreased their price objective on shares of Burlington Stores from $297.00 to $269.00 and set an "overweight" rating for the company in a research note on Tuesday, May 6th. Wells Fargo & Company reduced their price target on Burlington Stores from $325.00 to $300.00 and set an "overweight" rating on the stock in a report on Wednesday, April 30th. Finally, Robert W. Baird boosted 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. One analyst has rated the stock with a hold rating and fifteen have given a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $314.60.

Burlington Stores Stock Up 0.3%

Shares of BURL traded up $0.80 during mid-day trading on Monday, hitting $269.79. 126,849 shares of the company's stock were exchanged, compared to its average volume of 992,842. The stock's 50-day moving average is $237.42 and its 200-day moving average is $260.09. The company has a market cap of $16.99 billion, a price-to-earnings ratio of 36.91, a P/E/G ratio of 1.11 and a beta of 1.70. Burlington Stores, Inc. has a fifty-two week low of $181.87 and a fifty-two week 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.

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