Massachusetts Financial Services Co. MA Increases Stake in Burlington Stores, Inc. (NYSE:BURL)

Massachusetts Financial Services Co. MA grew its holdings in shares of Burlington Stores, Inc. (NYSE:BURL - Free Report) by 0.6% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 961,560 shares of the company's stock after acquiring an additional 5,912 shares during the quarter. Massachusetts Financial Services Co. MA owned 1.53% of Burlington Stores worth $229,169,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in the business. Steward Partners Investment Advisory LLC increased its stake in shares of Burlington Stores by 34.9% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 290 shares of the company's stock worth $83,000 after buying an additional 75 shares during the period. Raymond James Financial Inc. purchased a new position in shares of Burlington Stores in the fourth quarter worth $17,330,000. HighTower Advisors LLC increased its stake in shares of Burlington Stores by 18.4% in the fourth quarter. HighTower Advisors LLC now owns 3,471 shares of the company's stock worth $989,000 after buying an additional 540 shares during the period. EverSource Wealth Advisors LLC boosted its holdings in Burlington Stores by 18.3% in the fourth quarter. EverSource Wealth Advisors LLC now owns 317 shares of the company's stock valued at $90,000 after acquiring an additional 49 shares in the last quarter. Finally, Farther Finance Advisors LLC increased 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 valued at $38,000 after purchasing an additional 69 shares during the period.

Analyst Ratings Changes

BURL has been the topic of a number of research reports. Morgan Stanley dropped their target price on shares of Burlington Stores from $297.00 to $269.00 and set an "overweight" rating on the stock in a report on Tuesday, May 6th. Wells Fargo & Company dropped their price target on shares of Burlington Stores from $325.00 to $300.00 and set an "overweight" rating on the stock in a research note on Wednesday, April 30th. Robert W. Baird dropped their price target on shares of Burlington Stores from $335.00 to $325.00 and set an "outperform" rating on the stock in a research note on Friday, May 30th. UBS Group set a $390.00 target price on shares of Burlington Stores and gave the company a "buy" rating in a research note on Monday. Finally, 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. One equities research analyst has rated the stock with a hold rating and fourteen have given a buy rating to the company's stock. According to MarketBeat.com, Burlington Stores currently has a consensus rating of "Moderate Buy" and an average price target of $316.36.

Burlington Stores Stock Performance

Burlington Stores stock traded up $1.17 during midday trading on Friday, hitting $263.43. The stock had a trading volume of 95,646 shares, compared to its average volume of 1,005,464. The firm's fifty day moving average is $243.71 and its two-hundred day moving average is $248.90. The company has a market capitalization of $16.62 billion, a PE ratio of 32.35, a P/E/G ratio of 2.22 and a beta of 1.64. Burlington Stores, Inc. has a 52-week low of $212.92 and a 52-week high of $298.89. The company has a current ratio of 1.06, a quick ratio of 0.39 and a debt-to-equity ratio of 1.21.

Burlington Stores (NYSE:BURL - Get Free Report) last released its earnings results on Thursday, May 29th. The company reported $1.60 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.43 by $0.17. Burlington Stores had a net margin of 4.88% and a return on equity of 44.03%. The company had revenue of $2.50 billion during the quarter, compared to analyst estimates of $2.52 billion. During the same period in the prior year, the firm posted $1.35 EPS. The firm's quarterly revenue was up 6.0% compared to the same quarter last year. On average, research analysts forecast that Burlington Stores, Inc. will post 7.93 EPS for the current year.

Insider Activity

In other Burlington Stores news, 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 value of $108,625.50. Following the sale, the chief accounting officer owned 2,389 shares in the company, valued at $576,680.71. This trade represents a 15.85% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CMO Jennifer Vecchio sold 420 shares of the stock in a transaction on Tuesday, July 1st. The stock was sold at an average price of $236.64, for a total value of $99,388.80. Following the completion of the sale, the chief marketing officer owned 65,429 shares in the company, valued at approximately $15,483,118.56. The trade was a 0.64% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 1,060 shares of company stock worth $253,164. 1.10% of the stock is currently owned by insiders.

About Burlington Stores

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.