LRT Capital Management LLC Trims Position in Burlington Stores, Inc. (NYSE:BURL)

LRT Capital Management LLC lowered its stake in Burlington Stores, Inc. (NYSE:BURL - Free Report) by 44.1% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 2,756 shares of the company's stock after selling 2,173 shares during the period. LRT Capital Management LLC's holdings in Burlington Stores were worth $786,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Capital International Investors lifted its stake in shares of Burlington Stores by 7.7% in the 4th quarter. Capital International Investors now owns 5,160,096 shares of the company's stock worth $1,470,929,000 after acquiring an additional 367,703 shares during the period. SRS Investment Management LLC grew its stake in Burlington Stores by 10.8% in the fourth quarter. SRS Investment Management LLC now owns 1,270,421 shares of the company's stock valued at $362,146,000 after purchasing an additional 123,973 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of Burlington Stores by 0.8% during the 4th quarter. Geode Capital Management LLC now owns 1,083,852 shares of the company's stock worth $308,403,000 after acquiring an additional 8,892 shares in the last quarter. Alyeska Investment Group L.P. boosted its stake in shares of Burlington Stores by 23.1% during the 4th quarter. Alyeska Investment Group L.P. now owns 1,051,611 shares of the company's stock worth $299,772,000 after acquiring an additional 197,187 shares in the last quarter. Finally, Anomaly Capital Management LP lifted its position in shares of Burlington Stores by 21.9% during the 4th quarter. Anomaly Capital Management LP now owns 961,281 shares of the company's stock worth $274,023,000 after purchasing an additional 172,431 shares during the last quarter.

Burlington Stores Price Performance

Shares of Burlington Stores stock traded up $4.27 on Friday, hitting $269.16. 967,682 shares of the company traded hands, compared to its average volume of 996,579. The firm's 50-day simple moving average is $237.42 and its 200 day simple moving average is $259.98. The company has a current ratio of 1.17, a quick ratio of 0.54 and a debt-to-equity ratio of 1.35. The company has a market cap of $16.95 billion, a P/E ratio of 36.87, a P/E/G ratio of 1.11 and a beta of 1.70. Burlington Stores, Inc. has a 12-month low of $181.87 and a 12-month high of $298.89.

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, topping analysts' consensus estimates of $3.75 by $0.32. The business had revenue of $3.28 billion for 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%. Analysts expect that Burlington Stores, Inc. will post 7.93 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Burlington Stores news, COO Travis Marquette sold 190 shares of the company's stock in a transaction that occurred 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 completion of the sale, the chief operating officer now directly owns 22,858 shares of the company's stock, valued at approximately $5,431,746.54. This represents a 0.82% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CMO Jennifer Vecchio sold 4,939 shares of the company's stock in a transaction that occurred 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 sale, the chief marketing officer now directly owns 70,006 shares of the company's stock, valued at approximately $16,797,239.64. This represents 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 currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the company. JPMorgan Chase & Co. dropped their target price 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 cut their price target on Burlington Stores from $329.00 to $254.00 and set an "overweight" rating on the stock in a research note on Monday, May 12th. Wells Fargo & Company dropped their price objective on Burlington Stores from $325.00 to $300.00 and set an "overweight" rating on the stock in a research note on Wednesday, April 30th. UBS Group raised their price objective on Burlington Stores from $360.00 to $405.00 and gave the company a "buy" rating in a report on Friday, March 7th. Finally, Robert W. Baird lifted their price target on Burlington Stores from $330.00 to $335.00 and gave the stock an "outperform" rating in a report on Friday, March 7th. One investment analyst has rated the stock with a hold rating and fifteen have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $314.60.

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.