Lazard Asset Management LLC Cuts Position in Burlington Stores, Inc. (NYSE:BURL)

Lazard Asset Management LLC lessened its holdings in Burlington Stores, Inc. (NYSE:BURL - Free Report) by 73.8% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 4,196 shares of the company's stock after selling 11,823 shares during the quarter. Lazard Asset Management LLC's holdings in Burlington Stores were worth $1,196,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the company. LMR Partners LLP lifted its stake in shares of Burlington Stores by 9,525.0% in the fourth quarter. LMR Partners LLP now owns 57,750 shares of the company's stock worth $16,462,000 after buying an additional 57,150 shares in the last quarter. J. Goldman & Co LP bought a new position in shares of Burlington Stores in the fourth quarter worth approximately $3,455,000. Junto Capital Management LP lifted its stake in shares of Burlington Stores by 41.2% in the fourth quarter. Junto Capital Management LP now owns 603,985 shares of the company's stock worth $172,172,000 after buying an additional 176,346 shares in the last quarter. Focus Partners Wealth lifted its position in Burlington Stores by 28.1% during the fourth quarter. Focus Partners Wealth now owns 1,591 shares of the company's stock valued at $454,000 after purchasing an additional 349 shares during the period. Finally, Eisler Capital Management Ltd. bought a new position in Burlington Stores during the fourth quarter valued at approximately $1,818,000.

Wall Street Analyst Weigh In

BURL has been the topic of a number of research analyst reports. 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. Robert W. Baird increased their price objective on shares of Burlington Stores from $330.00 to $335.00 and gave the company an "outperform" rating in a research report on Friday, March 7th. UBS Group increased their price objective on shares of Burlington Stores from $360.00 to $405.00 and gave the company a "buy" rating in a research report on Friday, March 7th. Citigroup lowered their price objective on shares of Burlington Stores from $344.00 to $340.00 and set a "buy" rating on the stock in a research report on Friday, March 7th. Finally, Barclays lowered their price objective on shares of Burlington Stores from $329.00 to $254.00 and set an "overweight" rating on the stock in a research report on Monday, May 12th. One equities research analyst has rated the stock with a hold rating and fifteen have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $317.27.

Insider Transactions at Burlington Stores

In other news, CMO Jennifer Vecchio sold 4,939 shares of the stock in a transaction on Thursday, March 20th. The shares were sold at an average price of $239.94, for a total value of $1,185,063.66. Following the completion of the sale, the chief marketing officer now directly owns 70,006 shares of the company's stock, valued at $16,797,239.64. This represents a 6.59% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, COO Travis Marquette sold 190 shares of the firm's 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 transaction, the chief operating officer now directly owns 22,858 shares of the company's stock, valued at $5,431,746.54. The trade was a 0.82% 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 Stock Up 0.3%

BURL opened at $269.82 on Tuesday. The company has a current ratio of 1.17, a quick ratio of 0.54 and a debt-to-equity ratio of 1.35. Burlington Stores, Inc. has a 1-year low of $181.87 and a 1-year high of $298.89. The company has a market capitalization of $17.00 billion, a PE ratio of 36.96, a PEG ratio of 1.11 and a beta of 1.70. The firm's 50 day simple moving average is $237.94 and its two-hundred day simple moving average is $260.27.

Burlington Stores (NYSE:BURL - Get Free Report) last announced its quarterly earnings data on Thursday, March 6th. The company reported $4.07 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $3.75 by $0.32. The firm had revenue of $3.28 billion during the quarter, compared to analysts' expectations of $3.25 billion. Burlington Stores had a net margin of 4.49% and a return on equity of 47.52%. As a group, equities analysts forecast that Burlington Stores, Inc. will post 7.93 EPS for the current year.

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.

Want to see what other hedge funds are holding BURL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Burlington Stores, Inc. (NYSE:BURL - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.