UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Boosts Stock Position in Burlington Stores, Inc. (NYSE:BURL)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in Burlington Stores, Inc. (NYSE:BURL - Free Report) by 55.6% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 671,999 shares of the company's stock after acquiring an additional 240,144 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 1.06% of Burlington Stores worth $191,560,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. IFP Advisors Inc increased its position in Burlington Stores by 81.6% in the 4th quarter. IFP Advisors Inc now owns 89 shares of the company's stock valued at $25,000 after acquiring an additional 40 shares during the period. Stonebridge Financial Group LLC purchased a new position in shares of Burlington Stores in the 4th quarter valued at approximately $31,000. Farther Finance Advisors LLC increased its holdings in shares of Burlington Stores by 104.5% in the fourth quarter. Farther Finance Advisors LLC now owns 135 shares of the company's stock valued at $38,000 after purchasing an additional 69 shares during the period. Parkside Financial Bank & Trust raised its stake in shares of Burlington Stores by 157.1% during the fourth 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, MassMutual Private Wealth & Trust FSB raised its stake in shares of Burlington Stores by 36.5% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 172 shares of the company's stock worth $49,000 after purchasing an additional 46 shares during the last quarter.

Burlington Stores Trading Up 2.3%

BURL traded up $5.29 during trading on Tuesday, hitting $240.03. 1,126,715 shares of the company's stock were exchanged, compared to its average volume of 992,782. Burlington Stores, Inc. has a 1 year low of $196.61 and a 1 year high of $298.89. The stock has a 50 day moving average price of $239.64 and a 200 day moving average price of $260.12. The firm has a market cap of $15.12 billion, a P/E ratio of 32.87, a price-to-earnings-growth ratio of 1.11 and a beta of 1.70. The company has a current ratio of 1.17, a quick ratio of 0.54 and a debt-to-equity ratio of 1.35.

Burlington Stores (NYSE:BURL - Get Free Report) last announced its quarterly earnings results on Thursday, March 6th. The company reported $4.07 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $3.28 billion during the quarter, compared to the consensus estimate of $3.25 billion. As a group, analysts expect that Burlington Stores, Inc. will post 7.93 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on BURL. Morgan Stanley lowered their price objective on shares of Burlington Stores from $297.00 to $269.00 and set an "overweight" rating on the stock in a research report on Tuesday, May 6th. Wells Fargo & Company lowered their target price on shares of Burlington Stores from $325.00 to $300.00 and set an "overweight" rating on the stock in a report on Wednesday, April 30th. Robert W. Baird increased their price target on shares of Burlington Stores from $330.00 to $335.00 and gave the stock an "outperform" rating in a report on Friday, March 7th. Barclays reduced their price objective on shares of Burlington Stores from $329.00 to $254.00 and set an "overweight" rating for the company in a research report on Monday, May 12th. Finally, Citigroup dropped their target price on Burlington Stores from $344.00 to $340.00 and set a "buy" rating on the stock in a research report on Friday, March 7th. One equities research analyst has rated the stock with a hold rating and fifteen have given a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $317.27.

Insider Activity

In other news, COO Travis Marquette sold 190 shares of the business's stock in a transaction on Monday, May 5th. The shares were sold at an average price of $237.63, for a total transaction of $45,149.70. Following the transaction, the chief operating officer now directly owns 22,858 shares of the company's stock, valued at approximately $5,431,746.54. The trade was a 0.82% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CMO Jennifer Vecchio sold 4,939 shares of the company's stock in a transaction on 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 completion of the transaction, the chief marketing officer now owns 70,006 shares of the company's stock, valued at $16,797,239.64. This trade represents a 6.59% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.10% of the company's stock.

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.