GW&K Investment Management LLC Has $71.64 Million Holdings in Burlington Stores, Inc. (NYSE:BURL)

GW&K Investment Management LLC lifted its position in shares of Burlington Stores, Inc. (NYSE:BURL - Free Report) by 0.5% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 300,588 shares of the company's stock after buying an additional 1,615 shares during the quarter. GW&K Investment Management LLC owned about 0.48% of Burlington Stores worth $71,639,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Capital International Investors grew its holdings in Burlington Stores by 7.7% in the fourth quarter. Capital International Investors now owns 5,160,096 shares of the company's stock worth $1,470,929,000 after purchasing an additional 367,703 shares during the period. SRS Investment Management LLC increased its stake in shares of Burlington Stores by 10.8% in the fourth quarter. SRS Investment Management LLC now owns 1,270,421 shares of the company's stock worth $362,146,000 after purchasing an additional 123,973 shares in the last quarter. Geode Capital Management LLC grew its stake in Burlington Stores by 0.8% during the fourth quarter. Geode Capital Management LLC now owns 1,083,852 shares of the company's stock valued at $308,403,000 after acquiring an additional 8,892 shares in the last quarter. Alyeska Investment Group L.P. lifted its position in Burlington Stores by 23.1% during the fourth 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 lifted its position in Burlington Stores by 0.6% during the first 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.

Burlington Stores Stock Performance

Shares of Burlington Stores stock opened at $265.30 on Monday. Burlington Stores, Inc. has a one year low of $212.92 and a one year high of $298.89. 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 company has a market capitalization of $16.74 billion, a PE ratio of 32.55, a P/E/G ratio of 2.32 and a beta of 1.64. The company has a 50-day simple moving average of $244.23 and a two-hundred day simple moving average of $248.26.

Burlington Stores (NYSE:BURL - Get Free Report) last released its earnings results on Thursday, May 29th. The company reported $1.60 earnings per share for the quarter, topping the consensus estimate of $1.43 by $0.17. The company had revenue of $2.50 billion for the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.35 EPS. Research analysts expect that Burlington Stores, Inc. will post 7.93 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts have issued reports on BURL shares. Telsey Advisory Group reissued an "outperform" rating and set a $300.00 price objective (down from $340.00) on shares of Burlington Stores in a research report on Thursday, May 29th. 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. UBS Group set a $390.00 target price on shares of Burlington Stores and gave the stock a "buy" rating in a research report on Monday, July 14th. JPMorgan Chase & Co. increased their price objective on shares of Burlington Stores from $287.00 to $327.00 and gave the company an "overweight" rating in a research report on Monday, May 19th. Finally, Barclays increased their price objective on shares of Burlington Stores from $254.00 to $299.00 and gave the company an "overweight" rating in a research report on Friday, May 30th. One equities research 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 currently has a consensus rating of "Moderate Buy" and a consensus price target of $316.36.

Insider Activity

In other news, CMO Jennifer Vecchio sold 420 shares of the firm's stock in a transaction dated 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 owned 65,429 shares of the company's stock, valued at approximately $15,483,118.56. This trade represents a 0.64% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Stephen Ferroni sold 450 shares of the business's 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 completion of the transaction, the chief accounting officer directly owned 2,389 shares in the company, valued at approximately $576,680.71. The trade was a 15.85% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 1,060 shares of company stock worth $253,164 in the last quarter. Corporate insiders own 1.10% of the company's stock.

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.

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