Tabor Asset Management LP Cuts Stock Holdings in Burlington Stores, Inc. (NYSE:BURL)

Tabor Asset Management LP trimmed its holdings in shares of Burlington Stores, Inc. (NYSE:BURL - Free Report) by 32.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 30,049 shares of the company's stock after selling 14,616 shares during the period. Burlington Stores comprises 4.1% of Tabor Asset Management LP's investment portfolio, making the stock its 6th largest position. Tabor Asset Management LP's holdings in Burlington Stores were worth $8,566,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of BURL. Tidal Investments LLC grew its stake in shares of Burlington Stores by 3.2% in the fourth quarter. Tidal Investments LLC now owns 10,200 shares of the company's stock valued at $2,908,000 after buying an additional 315 shares in the last quarter. Toronto Dominion Bank boosted its holdings in Burlington Stores by 3.1% in the 4th quarter. Toronto Dominion Bank now owns 8,313 shares of the company's stock worth $2,370,000 after acquiring an additional 251 shares during the period. Steadfast Capital Management LP acquired a new stake in Burlington Stores in the fourth quarter valued at approximately $67,075,000. Siemens Fonds Invest GmbH purchased a new stake in shares of Burlington Stores during the fourth quarter valued at approximately $19,812,000. Finally, Silvercrest Asset Management Group LLC raised its stake in shares of Burlington Stores by 8.7% during the fourth quarter. Silvercrest Asset Management Group LLC now owns 2,950 shares of the company's stock valued at $841,000 after purchasing an additional 236 shares during the period.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on BURL shares. Robert W. Baird boosted their target price on shares of Burlington Stores from $330.00 to $335.00 and gave the stock an "outperform" rating in a research report on Friday, March 7th. Citigroup cut their price objective on shares of Burlington Stores from $344.00 to $340.00 and set a "buy" rating on the stock in a report on Friday, March 7th. UBS Group upped their price objective on shares of Burlington Stores from $360.00 to $405.00 and gave the company a "buy" rating in a research report on Friday, March 7th. Barclays dropped their target price on Burlington Stores from $329.00 to $254.00 and set an "overweight" rating on the stock in a research report on Monday, May 12th. Finally, Telsey Advisory Group reissued an "outperform" rating and issued a $340.00 price target on shares of Burlington Stores in a report on Thursday. One analyst has rated the stock with a hold rating and fifteen have given a buy rating to the stock. Based on data from MarketBeat, Burlington Stores presently has an average rating of "Moderate Buy" and an average price target of $317.27.

Burlington Stores Stock Performance

Shares of NYSE BURL traded down $22.67 during trading on Friday, reaching $236.43. The stock had a trading volume of 1,310,152 shares, compared to its average volume of 993,947. The company has a debt-to-equity ratio of 1.35, a quick ratio of 0.54 and a current ratio of 1.17. The stock has a market cap of $14.89 billion, a PE ratio of 32.35, a P/E/G ratio of 1.11 and a beta of 1.70. Burlington Stores, Inc. has a one year low of $183.61 and a one year high of $298.89. The firm's 50 day moving average price is $239.81 and its two-hundred day moving average price is $260.39.

Burlington Stores (NYSE:BURL - Get Free Report) last released its earnings results on Thursday, March 6th. The company reported $4.07 earnings per share for the quarter, beating the consensus estimate of $3.75 by $0.32. The firm had revenue of $3.28 billion during the quarter, compared to analyst estimates of $3.25 billion. Burlington Stores had a net margin of 4.49% and a return on equity of 47.52%. On average, research analysts forecast that Burlington Stores, Inc. will post 7.93 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, COO Travis Marquette sold 190 shares of Burlington Stores stock in a transaction dated Monday, May 5th. The shares were sold at an average price of $237.63, for a total value of $45,149.70. Following the sale, the chief operating officer now directly owns 22,858 shares in the company, valued at $5,431,746.54. This trade represents a 0.82% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CMO Jennifer Vecchio sold 4,939 shares of the business's stock in a transaction dated Thursday, March 20th. The shares were sold at an average price of $239.94, for a total transaction 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 $16,797,239.64. The trade was a 6.59% decrease in their ownership of the stock. The disclosure for this sale can be found here. 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.