Gateway Investment Advisers LLC Raises Stock Holdings in Burlington Stores, Inc. (NYSE:BURL)

Gateway Investment Advisers LLC raised its position in shares of Burlington Stores, Inc. (NYSE:BURL - Free Report) by 72.5% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,628 shares of the company's stock after acquiring an additional 2,365 shares during the period. Gateway Investment Advisers LLC's holdings in Burlington Stores were worth $1,341,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also modified their holdings of BURL. IFP Advisors Inc increased 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 purchasing an additional 40 shares during the last quarter. Stonebridge Financial Group LLC bought a new position in shares of Burlington Stores during the 4th quarter valued at approximately $31,000. Farther Finance Advisors LLC increased its position in shares of Burlington Stores by 104.5% during the 4th quarter. Farther Finance Advisors LLC now owns 135 shares of the company's stock valued at $38,000 after purchasing an additional 69 shares during the last quarter. 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, Smartleaf Asset Management LLC increased its position in shares of Burlington Stores by 48.8% during the 4th quarter. Smartleaf Asset Management LLC now owns 186 shares of the company's stock valued at $53,000 after purchasing an additional 61 shares during the last quarter.

Burlington Stores Price Performance

BURL opened at $246.22 on Monday. Burlington Stores, Inc. has a 12-month low of $212.92 and a 12-month high of $298.89. The company has a current ratio of 1.17, a quick ratio of 0.54 and a debt-to-equity ratio of 1.35. The business's fifty day simple moving average is $238.89 and its 200-day simple moving average is $258.17. The company has a market capitalization of $15.53 billion, a price-to-earnings ratio of 33.73, a PEG ratio of 1.11 and a beta of 1.65.

Burlington Stores (NYSE:BURL - Get Free Report) last posted its quarterly earnings results on Thursday, May 29th. The company reported $1.60 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.43 by $0.17. Burlington Stores had a return on equity of 47.52% and a net margin of 4.49%. The business had revenue of $2.50 billion for the quarter, compared to the consensus estimate of $2.52 billion. During the same quarter in the prior year, the company earned $1.35 EPS. The business's revenue was up 6.0% compared to the same quarter last year. On average, equities research analysts anticipate that Burlington Stores, Inc. will post 7.93 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

BURL has been the topic of several analyst reports. Wells Fargo & Company cut their target price on Burlington Stores from $325.00 to $300.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 30th. JPMorgan Chase & Co. boosted their target price on Burlington Stores from $287.00 to $327.00 and gave the company an "overweight" rating in a research report on Monday, May 19th. Citigroup cut their price objective on Burlington Stores from $344.00 to $340.00 and set a "buy" rating on the stock in a research report on Friday, March 7th. UBS Group upped their price objective on Burlington Stores from $360.00 to $405.00 and gave the company a "buy" rating in a research report on Friday, March 7th. Finally, Barclays upped their price objective on Burlington Stores from $254.00 to $299.00 and gave the company an "overweight" rating 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, the stock currently has an average rating of "Moderate Buy" and an average target price of $317.43.

Insider Buying and Selling

In related news, CMO Jennifer Vecchio sold 4,939 shares of the company's stock in a transaction on Thursday, March 20th. The stock was sold at an average price of $239.94, for a total transaction of $1,185,063.66. Following the completion of the sale, the chief marketing officer now directly owns 70,006 shares in the company, valued at $16,797,239.64. This represents a 6.59% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, COO Travis Marquette sold 190 shares of the company's stock in a transaction on Monday, May 5th. The stock was sold at an average price of $237.63, for a total value of $45,149.70. Following the sale, the chief operating officer now owns 22,858 shares of the company's stock, valued at $5,431,746.54. This trade 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 currently owned by company insiders.

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.

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