Jennison Associates LLC Has $124.34 Million Stake in Burlington Stores, Inc. (NYSE:BURL)

Jennison Associates LLC grew its stake in shares of Burlington Stores, Inc. (NYSE:BURL - Free Report) by 5.5% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 521,713 shares of the company's stock after acquiring an additional 27,069 shares during the period. Jennison Associates LLC owned 0.83% of Burlington Stores worth $124,340,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Golden State Wealth Management LLC lifted its position in Burlington Stores by 258.6% during the 1st quarter. Golden State Wealth Management LLC now owns 104 shares of the company's stock worth $25,000 after acquiring an additional 75 shares during the last quarter. Farther Finance Advisors LLC lifted its position in Burlington Stores by 104.5% during the 4th quarter. Farther Finance Advisors LLC now owns 135 shares of the company's stock worth $38,000 after acquiring an additional 69 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new position in Burlington Stores during the 4th quarter worth $75,000. Blue Trust Inc. lifted its position in Burlington Stores by 35.9% during the 1st quarter. Blue Trust Inc. now owns 352 shares of the company's stock worth $84,000 after acquiring an additional 93 shares during the last quarter. Finally, Fifth Third Bancorp lifted its position in Burlington Stores by 19.8% during the 1st quarter. Fifth Third Bancorp now owns 514 shares of the company's stock worth $123,000 after acquiring an additional 85 shares during the last quarter.

Analyst Ratings Changes

A number of research analysts have recently commented on BURL shares. Wells Fargo & Company cut their price objective on shares of Burlington Stores from $325.00 to $300.00 and set an "overweight" rating for the company in a research report on Wednesday, April 30th. Barclays upped their target price on shares of Burlington Stores from $254.00 to $299.00 and gave the company an "overweight" rating in a research note on Friday, May 30th. Evercore ISI lowered their target price on shares of Burlington Stores from $345.00 to $310.00 and set an "outperform" rating on the stock in a research note on Friday, May 30th. JPMorgan Chase & Co. upped their target price on shares of Burlington Stores from $287.00 to $327.00 and gave the company an "overweight" rating in a research note on Monday, May 19th. Finally, Loop Capital lowered 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 note on Friday, May 30th. One investment analyst has rated the stock with a hold rating and fourteen have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $316.79.

Burlington Stores Trading Up 0.8%

NYSE BURL traded up $2.20 during trading hours on Tuesday, hitting $276.11. The company's stock had a trading volume of 833,129 shares, compared to its average volume of 1,010,632. The stock has a fifty day moving average of $244.23 and a 200 day moving average of $248.26. Burlington Stores, Inc. has a twelve month low of $212.92 and a twelve month high of $298.89. The firm has a market capitalization of $17.42 billion, a P/E ratio of 33.88, a PEG ratio of 2.39 and a beta of 1.64. The company has a quick ratio of 0.39, a current ratio of 1.06 and a debt-to-equity ratio of 1.21.

Burlington Stores (NYSE:BURL - Get Free Report) last announced its quarterly earnings data 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 business 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% compared to the same quarter last year. During the same period in the prior year, the business posted $1.35 earnings per share. Equities research analysts forecast that Burlington Stores, Inc. will post 7.93 earnings per share for the current fiscal year.

Insider Transactions at Burlington Stores

In other news, COO Travis Marquette sold 190 shares of the stock in a transaction 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 completion of the sale, the chief operating officer owned 22,858 shares of the company's stock, valued at $5,431,746.54. This represents a 0.82% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Stephen Ferroni sold 450 shares of the stock in a transaction 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 directly owned 2,389 shares of the company's stock, valued at $576,680.71. This represents a 15.85% decrease in their position. The disclosure for this sale can be found here. Insiders sold 1,060 shares of company stock valued at $253,164 over the last quarter. Corporate insiders own 1.10% of the company's stock.

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.