Burlington Stores, Inc. (NYSE:BURL) Holdings Boosted by Savoir Faire Capital Management L.P.

Savoir Faire Capital Management L.P. lifted its stake in Burlington Stores, Inc. (NYSE:BURL - Free Report) by 51.7% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 26,531 shares of the company's stock after buying an additional 9,039 shares during the period. Burlington Stores comprises approximately 5.5% of Savoir Faire Capital Management L.P.'s holdings, making the stock its largest holding. Savoir Faire Capital Management L.P.'s holdings in Burlington Stores were worth $6,323,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. HighTower Advisors LLC increased its holdings 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 valued at $989,000 after purchasing an additional 540 shares in the last quarter. Farther Finance Advisors LLC increased 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 valued at $38,000 after buying an additional 69 shares in the last quarter. Natixis Advisors LLC grew its position in shares of Burlington Stores by 5.3% in the 4th quarter. Natixis Advisors LLC now owns 23,617 shares of the company's stock valued at $6,732,000 after purchasing an additional 1,198 shares during the period. Intech Investment Management LLC boosted its stake in Burlington Stores by 67.0% in the 4th quarter. Intech Investment Management LLC now owns 7,715 shares of the company's stock worth $2,199,000 after purchasing an additional 3,094 shares during the period. Finally, Harvest Fund Management Co. Ltd raised its holdings in shares of Burlington Stores by 227.0% in the fourth quarter. Harvest Fund Management Co. Ltd now owns 3,443 shares of the company's stock valued at $981,000 after purchasing an additional 2,390 shares during the last quarter.

Analyst Ratings Changes

A number of brokerages have commented on BURL. Morgan Stanley reduced their price objective on Burlington Stores from $297.00 to $269.00 and set an "overweight" rating for the company in a research note on Tuesday, May 6th. Telsey Advisory Group reiterated an "outperform" rating and set a $300.00 price target (down from $340.00) on shares of Burlington Stores in a report on Thursday, May 29th. Loop Capital reduced their price target on Burlington Stores from $315.00 to $305.00 and set a "buy" rating for the company in a report on Friday, May 30th. Barclays boosted their target price on Burlington Stores from $254.00 to $299.00 and gave the stock an "overweight" rating in a research report on Friday, May 30th. Finally, UBS Group set a $390.00 price objective on shares of Burlington Stores and gave the stock a "buy" rating in a research note on Monday, July 14th. One research analyst has rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $316.36.

Burlington Stores Stock Performance

BURL traded up $8.13 during midday trading on Monday, hitting $273.53. 500,151 shares of the company were exchanged, compared to its average volume of 1,009,665. Burlington Stores, Inc. has a 1-year low of $212.92 and a 1-year high of $298.89. The firm has a market capitalization of $17.26 billion, a price-to-earnings ratio of 33.58, a price-to-earnings-growth ratio of 2.32 and a beta of 1.64. The company's 50 day simple moving average is $244.23 and its 200 day simple moving average is $248.26. 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 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. Burlington Stores had a net margin of 4.88% and a return on equity of 44.03%. The firm had revenue of $2.50 billion for the quarter, compared to analysts' expectations of $2.52 billion. During the same quarter last year, the company earned $1.35 EPS. The firm's revenue for the quarter was up 6.0% compared to the same quarter last year. As a group, sell-side analysts predict that Burlington Stores, Inc. will post 7.93 earnings per share for the current year.

Insider Buying and Selling at Burlington Stores

In other news, CAO Stephen Ferroni sold 450 shares of the business's stock in a transaction dated Thursday, June 5th. The stock was sold at an average price of $241.39, for a total transaction of $108,625.50. Following the completion of the transaction, the chief accounting officer directly owned 2,389 shares of the company's stock, valued at approximately $576,680.71. The trade was a 15.85% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CMO Jennifer Vecchio sold 420 shares of the business's stock in a transaction that occurred on Tuesday, July 1st. The stock was sold at an average price of $236.64, for a total transaction of $99,388.80. Following the transaction, the chief marketing officer owned 65,429 shares of the company's stock, valued at $15,483,118.56. This trade 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 quarter. 1.10% of the stock is currently owned by company insiders.

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.