Parr Mcknight Wealth Management Group LLC Buys New Shares in Burlington Stores, Inc. (NYSE:BURL)

Parr Mcknight Wealth Management Group LLC acquired a new stake in shares of Burlington Stores, Inc. (NYSE:BURL - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 4,047 shares of the company's stock, valued at approximately $1,154,000.

Several other hedge funds have also recently added to or reduced their stakes in BURL. IFP Advisors Inc boosted its position in Burlington Stores by 81.6% during the 4th quarter. IFP Advisors Inc now owns 89 shares of the company's stock worth $25,000 after acquiring an additional 40 shares during the period. Stonebridge Financial Group LLC acquired a new position in Burlington Stores during the 4th quarter worth $31,000. Farther Finance Advisors LLC boosted 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 period. Parkside Financial Bank & Trust boosted its position in Burlington Stores by 157.1% during the 4th quarter. Parkside Financial Bank & Trust now owns 144 shares of the company's stock worth $41,000 after acquiring an additional 88 shares during the period. Finally, MassMutual Private Wealth & Trust FSB boosted its position in Burlington Stores by 36.5% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 172 shares of the company's stock worth $49,000 after acquiring an additional 46 shares during the period.

Insiders Place Their Bets

In other Burlington Stores news, COO Travis Marquette sold 190 shares of Burlington Stores stock in a transaction dated 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 position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CMO Jennifer Vecchio sold 4,939 shares of Burlington Stores stock in a transaction dated 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 in the company, valued at $16,797,239.64. This represents a 6.59% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 1.10% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the company. Telsey Advisory Group reissued an "outperform" rating and issued a $340.00 price objective on shares of Burlington Stores in a research note on Thursday, May 22nd. 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. Morgan Stanley cut their target price on Burlington Stores from $297.00 to $269.00 and set an "overweight" rating on the stock in a research report on Tuesday, May 6th. Robert W. Baird boosted their target price on Burlington Stores from $330.00 to $335.00 and gave the stock an "outperform" rating in a research report on Friday, March 7th. Finally, UBS Group boosted their target price on Burlington Stores from $360.00 to $405.00 and gave the stock a "buy" rating in a research report on Friday, March 7th. One research analyst has rated the stock with a hold rating and fifteen have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $317.27.

Burlington Stores Trading Up 2.5%

Shares of NYSE:BURL traded up $5.88 during midday trading on Tuesday, hitting $240.62. The company had a trading volume of 1,598,737 shares, compared to its average volume of 994,379. Burlington Stores, Inc. has a 12 month low of $196.61 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 stock has a market cap of $15.16 billion, a price-to-earnings ratio of 32.96, a PEG ratio of 1.11 and a beta of 1.70. The firm has a fifty day simple moving average of $239.64 and a 200 day simple moving average of $260.12.

Burlington Stores (NYSE:BURL - Get Free Report) last posted its quarterly earnings results on Thursday, March 6th. The company reported $4.07 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.75 by $0.32. Burlington Stores had a return on equity of 47.52% and a net margin of 4.49%. The business had revenue of $3.28 billion for the quarter, compared to analyst estimates of $3.25 billion. On average, analysts predict 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.