Rhumbline Advisers Boosts Holdings in Burlington Stores, Inc. (NYSE:BURL)

Rhumbline Advisers increased its holdings in Burlington Stores, Inc. (NYSE:BURL - Free Report) by 1.1% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 209,637 shares of the company's stock after acquiring an additional 2,230 shares during the quarter. Rhumbline Advisers owned about 0.33% of Burlington Stores worth $49,963,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in BURL. IFP Advisors Inc lifted its position in Burlington Stores by 81.6% during the fourth quarter. IFP Advisors Inc now owns 89 shares of the company's stock valued at $25,000 after buying an additional 40 shares during the period. Stonebridge Financial Group LLC purchased a new position in shares of Burlington Stores in the 4th quarter worth about $31,000. Farther Finance Advisors LLC raised its position in shares of Burlington Stores by 104.5% in the 4th quarter. Farther Finance Advisors LLC now owns 135 shares of the company's stock worth $38,000 after purchasing an additional 69 shares during the last quarter. Parkside Financial Bank & Trust raised its position in shares of Burlington Stores by 157.1% in the 4th quarter. Parkside Financial Bank & Trust now owns 144 shares of the company's stock worth $41,000 after purchasing an additional 88 shares during the last quarter. Finally, Smartleaf Asset Management LLC raised its position in shares of Burlington Stores by 48.8% in the 4th quarter. Smartleaf Asset Management LLC now owns 186 shares of the company's stock worth $53,000 after purchasing an additional 61 shares during the last quarter.

Burlington Stores Stock Performance

Shares of Burlington Stores stock traded up $4.72 during trading hours on Thursday, reaching $243.10. 1,031,252 shares of the stock traded hands, compared to its average volume of 989,522. The company has a 50 day moving average price of $238.72 and a 200 day moving average price of $258.73. The firm has a market capitalization of $15.31 billion, a price-to-earnings ratio of 33.30, a P/E/G ratio of 1.11 and a beta of 1.70. Burlington Stores, Inc. has a one year low of $212.92 and a one year high of $298.89. The company has a quick ratio of 0.54, a current ratio of 1.17 and a debt-to-equity ratio of 1.35.

Burlington Stores (NYSE:BURL - Get Free Report) last released its quarterly earnings results on Thursday, May 29th. The company reported $1.60 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.43 by $0.17. The business had revenue of $2.50 billion during the quarter, compared to the consensus estimate of $2.52 billion. Burlington Stores had a return on equity of 47.52% and a net margin of 4.49%. The business's quarterly revenue was up 6.0% compared to the same quarter last year. During the same period in the previous year, the company posted $1.35 EPS. On average, equities research analysts expect that Burlington Stores, Inc. will post 7.93 earnings per share for the current fiscal year.

Insider Buying and Selling at Burlington Stores

In related news, CMO Jennifer Vecchio sold 4,939 shares of the business's stock in a transaction that occurred on Thursday, March 20th. The stock was sold at an average price of $239.94, for a total value of $1,185,063.66. Following the transaction, the chief marketing officer now directly owns 70,006 shares of the company's stock, valued at approximately $16,797,239.64. The trade was a 6.59% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, COO Travis Marquette sold 190 shares of the business's stock in a transaction that occurred on Monday, May 5th. The stock was sold at an average price of $237.63, for a total value of $45,149.70. Following the completion of the transaction, the chief operating officer now directly owns 22,858 shares in the company, valued at approximately $5,431,746.54. This represents 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.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on BURL. Morgan Stanley lowered their price target on Burlington Stores from $297.00 to $269.00 and set an "overweight" rating for the company in a research report on Tuesday, May 6th. Citigroup lowered their price target on Burlington Stores from $344.00 to $340.00 and set a "buy" rating for the company in a research report on Friday, March 7th. Robert W. Baird lowered their price target on Burlington Stores from $335.00 to $325.00 and set an "outperform" rating for the company in a research report on Friday, May 30th. Wells Fargo & Company lowered their price target on Burlington Stores from $325.00 to $300.00 and set an "overweight" rating for the company in a research report on Wednesday, April 30th. Finally, JPMorgan Chase & Co. lifted their price objective on Burlington Stores from $287.00 to $327.00 and gave the stock an "overweight" rating in a report on Monday, May 19th. One equities research analyst has rated the stock with a hold rating and fourteen have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $317.43.

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.