Burlington Stores, Inc. (NYSE:BURL) Shares Purchased by Hsbc Holdings PLC

Hsbc Holdings PLC grew its position in Burlington Stores, Inc. (NYSE:BURL - Free Report) by 6.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 43,270 shares of the company's stock after acquiring an additional 2,685 shares during the quarter. Hsbc Holdings PLC owned about 0.07% of Burlington Stores worth $12,336,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in BURL. SRS Investment Management LLC raised its position in Burlington Stores by 10.8% in the 4th quarter. SRS Investment Management LLC now owns 1,270,421 shares of the company's stock worth $362,146,000 after purchasing an additional 123,973 shares during the period. J. Safra Sarasin Holding AG bought a new stake in shares of Burlington Stores during the 4th quarter worth approximately $2,933,000. Stifel Financial Corp lifted its stake in shares of Burlington Stores by 8.8% during the 4th quarter. Stifel Financial Corp now owns 5,128 shares of the company's stock worth $1,462,000 after acquiring an additional 415 shares during the last quarter. Teachers Retirement System of The State of Kentucky boosted its holdings in Burlington Stores by 231.6% during the 4th quarter. Teachers Retirement System of The State of Kentucky now owns 67,773 shares of the company's stock valued at $19,319,000 after acquiring an additional 47,333 shares during the period. Finally, MetLife Investment Management LLC grew its position in Burlington Stores by 7.8% in the 4th quarter. MetLife Investment Management LLC now owns 38,305 shares of the company's stock valued at $10,919,000 after acquiring an additional 2,788 shares during the last quarter.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on BURL. UBS Group upped their price target on shares of Burlington Stores from $360.00 to $405.00 and gave the stock a "buy" rating in a report on Friday, March 7th. Morgan Stanley raised their target price on shares of Burlington Stores from $296.00 to $297.00 and gave the stock an "overweight" rating in a research report on Friday, March 7th. JPMorgan Chase & Co. lowered their price target on Burlington Stores from $336.00 to $287.00 and set an "overweight" rating for the company in a report on Monday, April 14th. Barclays raised their price objective on Burlington Stores from $317.00 to $329.00 and gave the stock an "overweight" rating in a report on Friday, March 7th. Finally, Telsey Advisory Group reiterated an "outperform" rating and issued a $340.00 target price on shares of Burlington Stores in a report on Thursday, March 6th. One analyst has rated the stock with a hold rating and fifteen have issued a buy rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $321.47.

Insider Buying and Selling at Burlington Stores

In other news, 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 value of $1,185,063.66. Following the sale, the chief marketing officer now directly owns 70,006 shares of the company's stock, valued at $16,797,239.64. This represents a 6.59 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 1.10% of the company's stock.

Burlington Stores Stock Up 3.3 %

NYSE:BURL traded up $7.53 during mid-day trading on Friday, hitting $235.53. 1,449,198 shares of the company's stock traded hands, compared to its average volume of 987,592. The company has a fifty day moving average of $235.06 and a 200 day moving average of $260.18. The company has a debt-to-equity ratio of 1.35, a quick ratio of 0.54 and a current ratio of 1.17. Burlington Stores, Inc. has a twelve month low of $181.87 and a twelve month high of $298.89. The company has a market capitalization of $14.84 billion, a P/E ratio of 32.26, a P/E/G ratio of 1.11 and a beta of 1.70.

Burlington Stores (NYSE:BURL - Get Free Report) last announced its quarterly earnings data on Thursday, March 6th. The company reported $4.07 EPS 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, analysts forecast that Burlington Stores, Inc. will post 7.93 EPS for the current year.

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.