Chicago Capital LLC Acquires 48,680 Shares of Burlington Stores, Inc. (NYSE:BURL)

Chicago Capital LLC boosted its position in Burlington Stores, Inc. (NYSE:BURL - Free Report) by 36.6% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 181,663 shares of the company's stock after purchasing an additional 48,680 shares during the quarter. Chicago Capital LLC owned approximately 0.29% of Burlington Stores worth $43,296,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in BURL. Argonautica Private Wealth Management Inc. raised its holdings in Burlington Stores by 1.1% in the fourth quarter. Argonautica Private Wealth Management Inc. now owns 3,728 shares of the company's stock worth $1,063,000 after buying an additional 39 shares during the last quarter. IFP Advisors Inc boosted its stake in shares of Burlington Stores by 81.6% in the 4th quarter. IFP Advisors Inc now owns 89 shares of the company's stock worth $25,000 after buying an additional 40 shares during the last quarter. Legacy Capital Wealth Partners LLC grew its holdings in shares of Burlington Stores by 4.2% in the fourth quarter. Legacy Capital Wealth Partners LLC now owns 1,051 shares of the company's stock worth $300,000 after acquiring an additional 42 shares during the period. SRS Capital Advisors Inc. increased its position in Burlington Stores by 21.7% during the fourth quarter. SRS Capital Advisors Inc. now owns 269 shares of the company's stock valued at $77,000 after acquiring an additional 48 shares during the last quarter. Finally, Metis Global Partners LLC increased its position in Burlington Stores by 5.9% during the fourth quarter. Metis Global Partners LLC now owns 867 shares of the company's stock valued at $247,000 after acquiring an additional 48 shares during the last quarter.

Insider Activity

In other Burlington Stores news, CAO Stephen Ferroni sold 450 shares of the firm's 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 completion of the transaction, the chief accounting officer now owns 2,389 shares in the company, valued at $576,680.71. This trade represents a 15.85% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CMO Jennifer Vecchio sold 4,939 shares of the company's stock in a transaction that occurred 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 directly owns 70,006 shares in the company, valued at $16,797,239.64. This trade represents a 6.59% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 5,579 shares of company stock worth $1,338,839 over the last quarter. Insiders own 1.10% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on BURL shares. Telsey Advisory Group reissued an "outperform" rating and issued a $300.00 price objective (down previously from $340.00) on shares of Burlington Stores in a report on Thursday, May 29th. Barclays increased their price target on shares of Burlington Stores from $254.00 to $299.00 and gave the stock an "overweight" rating in a research report on Friday, May 30th. Morgan Stanley cut 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 report on Tuesday, May 6th. Robert W. Baird reduced their price objective on Burlington Stores from $335.00 to $325.00 and set an "outperform" rating for the company in a research note on Friday, May 30th. Finally, Loop Capital lowered their target price on Burlington Stores from $315.00 to $305.00 and set a "buy" rating on the stock in a research report on Friday, May 30th. One research analyst has rated the stock with a hold rating and fourteen have assigned a buy rating to the company. Based on data from MarketBeat.com, Burlington Stores has a consensus rating of "Moderate Buy" and a consensus price target of $317.43.

Burlington Stores Price Performance

Shares of Burlington Stores stock traded up $1.78 during trading hours on Wednesday, hitting $229.95. The company's stock had a trading volume of 89,548 shares, compared to its average volume of 1,193,464. The business has a 50 day moving average price of $239.35 and a two-hundred day moving average price of $255.91. Burlington Stores, Inc. has a 12-month low of $212.92 and a 12-month high of $298.89. The company has a market cap of $14.51 billion, a PE ratio of 28.21, a PEG ratio of 1.68 and a beta of 1.65. The company has a debt-to-equity ratio of 1.21, a quick ratio of 0.39 and a current ratio of 1.06.

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 the consensus estimate of $1.43 by $0.17. Burlington Stores had a return on equity of 44.03% and a net margin of 4.88%. The company had revenue of $2.50 billion for the quarter, compared to the consensus estimate of $2.52 billion. During the same quarter last year, the company earned $1.35 EPS. The firm's quarterly revenue was up 6.0% on a year-over-year basis. Analysts expect that Burlington Stores, Inc. will post 7.93 earnings per share for the current fiscal year.

Burlington Stores Company 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.