Burlington Stores, Inc. (NYSE:BURL) Shares Purchased by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. raised its position in shares of Burlington Stores, Inc. (NYSE:BURL - Free Report) by 0.9% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 399,697 shares of the company's stock after acquiring an additional 3,747 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 0.63% of Burlington Stores worth $95,260,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Vanguard Group Inc. lifted its holdings in shares of Burlington Stores by 3.4% during the first quarter. Vanguard Group Inc. now owns 6,603,257 shares of the company's stock valued at $1,573,754,000 after purchasing an additional 219,124 shares during the last quarter. Capital International Investors boosted its holdings in Burlington Stores by 7.7% in the 4th quarter. Capital International Investors now owns 5,160,096 shares of the company's stock worth $1,470,929,000 after buying an additional 367,703 shares during the period. SRS Investment Management LLC boosted its holdings in Burlington Stores by 10.8% in the 4th quarter. SRS Investment Management LLC now owns 1,270,421 shares of the company's stock worth $362,146,000 after buying an additional 123,973 shares during the period. Alyeska Investment Group L.P. boosted its holdings in shares of Burlington Stores by 23.1% during the 4th quarter. Alyeska Investment Group L.P. now owns 1,051,611 shares of the company's stock valued at $299,772,000 after purchasing an additional 197,187 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA boosted its holdings in shares of Burlington Stores by 0.6% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 961,560 shares of the company's stock valued at $229,169,000 after purchasing an additional 5,912 shares during the last quarter.

Insider Activity at Burlington Stores

In other Burlington Stores news, CAO Stephen Ferroni sold 450 shares of the stock in a transaction that occurred on Thursday, June 5th. The shares were sold at an average price of $241.39, for a total value of $108,625.50. Following the sale, the chief accounting officer directly owned 2,389 shares of the company's stock, valued at approximately $576,680.71. This represents a 15.85% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, CMO Jennifer Vecchio sold 420 shares of the stock in a transaction that occurred on Tuesday, July 1st. The shares were sold at an average price of $236.64, for a total transaction of $99,388.80. Following the completion of the sale, the chief marketing officer directly owned 65,429 shares in the company, valued at approximately $15,483,118.56. This represents a 0.64% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 1.10% of the company's stock.

Burlington Stores Price Performance

Shares of BURL stock traded down $0.79 on Friday, reaching $280.54. 829,452 shares of the company were exchanged, compared to its average volume of 880,191. Burlington Stores, Inc. has a 1 year low of $212.92 and a 1 year high of $298.89. The company has a market cap of $17.70 billion, a price-to-earnings ratio of 34.42, a P/E/G ratio of 2.44 and a beta of 1.69. The company has a debt-to-equity ratio of 1.21, a quick ratio of 0.39 and a current ratio of 1.06. The business has a 50-day moving average price of $256.02 and a 200 day moving average price of $247.52.

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

Wall Street Analyst Weigh In

BURL has been the topic of several recent research reports. Morgan Stanley decreased their target price on shares of Burlington Stores from $297.00 to $269.00 and set an "overweight" rating on the stock in a research report on Tuesday, May 6th. The Goldman Sachs Group reduced their price objective on shares of Burlington Stores from $317.00 to $316.00 and set a "buy" rating on the stock in a research report on Tuesday, July 22nd. Loop Capital reduced their target price on shares of Burlington Stores from $315.00 to $305.00 and set a "buy" rating on the stock in a research report on Friday, May 30th. Robert W. Baird cut 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. Finally, UBS Group set a $390.00 price objective on shares of Burlington Stores and gave the company a "buy" rating in a report on Monday, July 14th. One investment analyst has rated the stock with a hold rating and fourteen have assigned a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $317.57.

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.