Bessemer Group Inc. Sells 7,591 Shares of Burlington Stores, Inc. (NYSE:BURL)

Bessemer Group Inc. decreased its stake in shares of Burlington Stores, Inc. (NYSE:BURL - Free Report) by 65.9% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,929 shares of the company's stock after selling 7,591 shares during the period. Bessemer Group Inc.'s holdings in Burlington Stores were worth $936,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in BURL. IFP Advisors Inc lifted its holdings 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 during the period. Farther Finance Advisors LLC increased its position in 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 acquiring an additional 69 shares during the last quarter. Parkside Financial Bank & Trust lifted its holdings in Burlington Stores by 157.1% in the fourth quarter. Parkside Financial Bank & Trust now owns 144 shares of the company's stock valued at $41,000 after acquiring an additional 88 shares during the period. Smartleaf Asset Management LLC boosted its position in Burlington Stores by 48.8% in the fourth quarter. Smartleaf Asset Management LLC now owns 186 shares of the company's stock worth $53,000 after purchasing an additional 61 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new stake in shares of Burlington Stores during the 4th quarter valued at about $75,000.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the stock. Robert W. Baird dropped their price objective on shares of Burlington Stores from $335.00 to $325.00 and set an "outperform" rating on the stock in a report on Friday, May 30th. Barclays lifted their price target on shares of Burlington Stores from $254.00 to $299.00 and gave the stock an "overweight" rating in a research note on Friday, May 30th. Telsey Advisory Group reiterated an "outperform" rating and set a $300.00 price target (down previously from $340.00) on shares of Burlington Stores in a research note on Thursday, May 29th. Morgan Stanley cut their price target on Burlington Stores from $297.00 to $269.00 and set an "overweight" rating for the company in a report on Tuesday, May 6th. Finally, UBS Group upped their price target on Burlington Stores from $360.00 to $405.00 and gave the stock a "buy" rating in a research report on Friday, March 7th. One analyst has rated the stock with a hold rating and fourteen have assigned a buy rating to the company. According to MarketBeat, Burlington Stores currently has a consensus rating of "Moderate Buy" and an average price target of $317.43.

Burlington Stores Price Performance

NYSE BURL traded up $5.11 during trading hours on Friday, reaching $247.39. The company's stock had a trading volume of 870,071 shares, compared to its average volume of 998,344. Burlington Stores, Inc. has a 1 year low of $212.92 and a 1 year high of $298.89. The company has a quick ratio of 0.39, a current ratio of 1.06 and a debt-to-equity ratio of 1.21. The company has a market capitalization of $15.61 billion, a price-to-earnings ratio of 30.35, a PEG ratio of 2.16 and a beta of 1.64. The firm's 50-day moving average price is $240.20 and its 200-day moving average price is $250.97.

Burlington Stores (NYSE:BURL - Get Free Report) last released its earnings results on Thursday, May 29th. The company reported $1.60 EPS for the quarter, topping the consensus estimate of $1.43 by $0.17. Burlington Stores had a net margin of 4.88% and a return on equity of 44.03%. The firm had revenue of $2.50 billion for the quarter, compared to the consensus estimate of $2.52 billion. During the same quarter in the previous year, the firm earned $1.35 earnings per share. The company's quarterly revenue was up 6.0% compared to the same quarter last year. On average, equities research analysts predict that Burlington Stores, Inc. will post 7.93 EPS for the current fiscal year.

Insider Activity

In other news, CMO Jennifer Vecchio sold 420 shares of the company's stock in a transaction that occurred on Tuesday, July 1st. The stock was sold at an average price of $236.64, for a total transaction of $99,388.80. Following the sale, the chief marketing officer directly owned 65,429 shares of the company's stock, valued at $15,483,118.56. This represents a 0.64% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Travis Marquette sold 190 shares of the stock in a transaction that occurred on Monday, May 5th. The shares were sold at an average price of $237.63, for a total value of $45,149.70. Following the transaction, the chief operating officer owned 22,858 shares of the company's stock, valued at $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. Insiders sold a total of 1,060 shares of company stock worth $253,164 over the last 90 days. Corporate 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.