Peregrine Capital Management LLC Raises Stake in Burlington Stores, Inc. (NYSE:BURL)

Peregrine Capital Management LLC lifted its position in Burlington Stores, Inc. (NYSE:BURL - Free Report) by 2.9% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 43,188 shares of the company's stock after buying an additional 1,198 shares during the quarter. Peregrine Capital Management LLC owned approximately 0.07% of Burlington Stores worth $10,293,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of BURL. IFP Advisors Inc increased its stake in Burlington Stores by 81.6% in 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 last quarter. Metis Global Partners LLC increased its position in shares of Burlington Stores by 5.9% in the fourth quarter. Metis Global Partners LLC now owns 867 shares of the company's stock worth $247,000 after purchasing an additional 48 shares during the last quarter. SRS Capital Advisors Inc. raised its stake in Burlington Stores by 21.7% in the fourth quarter. SRS Capital Advisors Inc. now owns 269 shares of the company's stock valued at $77,000 after purchasing an additional 48 shares in the last quarter. EverSource Wealth Advisors LLC lifted its position in Burlington Stores by 18.3% during the fourth quarter. EverSource Wealth Advisors LLC now owns 317 shares of the company's stock valued at $90,000 after purchasing an additional 49 shares during the last quarter. Finally, Nissay Asset Management Corp Japan ADV grew its stake in Burlington Stores by 0.6% in the 4th quarter. Nissay Asset Management Corp Japan ADV now owns 7,660 shares of the company's stock worth $2,237,000 after buying an additional 49 shares in the last quarter.

Burlington Stores Trading Up 2.1%

Shares of BURL stock traded up $5.11 during mid-day trading on Thursday, reaching $247.39. The stock had a trading volume of 870,071 shares, compared to its average volume of 995,732. The firm has a market capitalization of $15.61 billion, a PE ratio of 30.35, a price-to-earnings-growth ratio of 2.07 and a beta of 1.64. The stock's 50-day moving average price is $239.18 and its two-hundred day moving average price is $251.55. 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, Inc. has a 52-week low of $212.92 and a 52-week high of $298.89.

Burlington Stores (NYSE:BURL - Get Free Report) last posted 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. The company had revenue of $2.50 billion for the quarter, compared to analysts' expectations of $2.52 billion. Burlington Stores had a return on equity of 44.03% and a net margin of 4.88%. Burlington Stores's quarterly revenue was up 6.0% on a year-over-year basis. During the same period last year, the firm earned $1.35 earnings per share. Equities analysts expect that Burlington Stores, Inc. will post 7.93 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of analysts have recently issued reports on BURL shares. Loop Capital dropped their price objective on shares of Burlington Stores from $315.00 to $305.00 and set a "buy" rating for the company in a report on Friday, May 30th. Citigroup dropped their price target on Burlington Stores from $344.00 to $340.00 and set a "buy" rating for the company in a research note on Friday, March 7th. Robert W. Baird cut their price objective on Burlington Stores from $335.00 to $325.00 and set an "outperform" rating for the company in a report on Friday, May 30th. Morgan Stanley decreased their price objective on Burlington Stores from $297.00 to $269.00 and set an "overweight" rating on the stock in a report on Tuesday, May 6th. Finally, Evercore ISI dropped their target price on Burlington Stores from $345.00 to $310.00 and set an "outperform" rating for the company in a research report on Friday, May 30th. One equities research analyst has rated the stock with a hold rating and fourteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $317.43.

Insider Activity at Burlington Stores

In other Burlington Stores news, CAO Stephen Ferroni sold 450 shares of the firm's stock in a transaction dated 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 sale, the chief accounting officer directly 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 sale was disclosed in a filing with the SEC, which is available at this link. Also, CMO Jennifer Vecchio sold 420 shares of the stock in a transaction that occurred 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 transaction, the chief marketing officer directly owned 65,429 shares of the company's stock, valued at $15,483,118.56. This represents a 0.64% 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 over the last 90 days. 1.10% of the stock is owned by company insiders.

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.