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Victory Capital Management Inc. Buys 36,955 Shares of Burlington Stores, Inc. (NYSE:BURL)

Burlington Stores logo with Retail/Wholesale background

Victory Capital Management Inc. grew its holdings in Burlington Stores, Inc. (NYSE:BURL - Free Report) by 16.6% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 259,106 shares of the company's stock after purchasing an additional 36,955 shares during the quarter. Victory Capital Management Inc. owned about 0.41% of Burlington Stores worth $61,753,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Flagship Harbor Advisors LLC grew its position in Burlington Stores by 14.2% during the first quarter. Flagship Harbor Advisors LLC now owns 895 shares of the company's stock worth $213,000 after buying an additional 111 shares in the last quarter. Grandeur Peak Global Advisors LLC grew its position in Burlington Stores by 3.0% during the fourth quarter. Grandeur Peak Global Advisors LLC now owns 45,056 shares of the company's stock worth $12,844,000 after buying an additional 1,305 shares in the last quarter. Gateway Investment Advisers LLC grew its position in Burlington Stores by 72.5% during the first quarter. Gateway Investment Advisers LLC now owns 5,628 shares of the company's stock worth $1,341,000 after buying an additional 2,365 shares in the last quarter. Asset Management One Co. Ltd. grew its position in Burlington Stores by 5.4% during the first quarter. Asset Management One Co. Ltd. now owns 23,914 shares of the company's stock worth $5,699,000 after buying an additional 1,225 shares in the last quarter. Finally, Bain Capital Public Equity Management II LLC grew its position in Burlington Stores by 39.5% during the fourth quarter. Bain Capital Public Equity Management II LLC now owns 456,416 shares of the company's stock worth $130,106,000 after buying an additional 129,303 shares in the last quarter.

Burlington Stores Stock Up 1.2%

Shares of NYSE:BURL traded up $3.04 during midday trading on Friday, reaching $265.30. The company had a trading volume of 791,717 shares, compared to its average volume of 1,011,601. 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 business's 50 day moving average price is $244.23 and its 200 day moving average price is $248.52. The stock has a market cap of $16.74 billion, a PE ratio of 32.55, a P/E/G ratio of 2.32 and a beta of 1.64. Burlington Stores, Inc. has a 1-year low of $212.92 and a 1-year high of $298.89.

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

Analysts Set New Price Targets

BURL has been the subject of a number of analyst reports. Robert W. Baird cut their price target on shares of Burlington Stores from $335.00 to $325.00 and set an "outperform" rating for the company in a research note on Friday, May 30th. Wells Fargo & Company cut their target price on shares of Burlington Stores from $325.00 to $300.00 and set an "overweight" rating for the company in a research note on Wednesday, April 30th. Evercore ISI cut their target price on shares of Burlington Stores from $345.00 to $310.00 and set an "outperform" rating for the company in a research note on Friday, May 30th. Telsey Advisory Group reiterated an "outperform" rating and issued a $300.00 target price (down previously from $340.00) on shares of Burlington Stores in a research note on Thursday, May 29th. Finally, Loop Capital cut their target price on shares of Burlington Stores from $315.00 to $305.00 and set a "buy" rating for the company in a research note on Friday, May 30th. One equities research analyst has rated the stock with a hold rating and fourteen have given a buy rating to the company's stock. Based on data from MarketBeat.com, Burlington Stores presently has a consensus rating of "Moderate Buy" and an average target price of $316.36.

Read Our Latest Research Report on BURL

Insider Activity at Burlington Stores

In other Burlington Stores news, 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 transaction of $45,149.70. Following the transaction, the chief operating officer owned 22,858 shares in the company, valued at $5,431,746.54. This represents a 0.82% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CAO Stephen Ferroni sold 450 shares of the stock in a transaction that occurred on Thursday, June 5th. The stock was sold at an average price of $241.39, for a total transaction of $108,625.50. Following the sale, the chief accounting officer owned 2,389 shares in the company, valued at $576,680.71. This represents a 15.85% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 1,060 shares of company stock worth $253,164. Insiders own 1.10% of the company's stock.

Burlington Stores Profile

(Free Report)

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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Institutional Ownership by Quarter for Burlington Stores (NYSE:BURL)

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