Mariner LLC Acquires 1,520 Shares of Burlington Stores, Inc. (NYSE:BURL)

Mariner LLC grew its stake in Burlington Stores, Inc. (NYSE:BURL - Free Report) by 16.7% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 10,606 shares of the company's stock after purchasing an additional 1,520 shares during the quarter. Mariner LLC's holdings in Burlington Stores were worth $3,023,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Stifel Financial Corp raised its holdings in Burlington Stores by 178.5% in the third quarter. Stifel Financial Corp now owns 4,713 shares of the company's stock worth $1,242,000 after purchasing an additional 3,021 shares during the period. Sanctuary Advisors LLC raised its stake in Burlington Stores by 30.7% during the 3rd quarter. Sanctuary Advisors LLC now owns 2,656 shares of the company's stock worth $760,000 after buying an additional 624 shares during the period. Wilmington Savings Fund Society FSB bought a new position in Burlington Stores during the third quarter worth about $57,000. Logan Capital Management Inc. grew its stake in Burlington Stores by 9.1% in the third quarter. Logan Capital Management Inc. now owns 56,354 shares of the company's stock valued at $14,848,000 after acquiring an additional 4,695 shares during the period. Finally, Versant Capital Management Inc increased its holdings in shares of Burlington Stores by 682.1% in the fourth quarter. Versant Capital Management Inc now owns 219 shares of the company's stock worth $62,000 after acquiring an additional 191 shares in the last quarter.

Burlington Stores Stock Performance

Shares of BURL stock traded up $2.07 during trading on Friday, reaching $223.06. 910,214 shares of the company's stock were exchanged, compared to its average volume of 981,586. Burlington Stores, Inc. has a twelve month low of $175.30 and a twelve month high of $298.89. The firm's fifty day moving average price is $236.12 and its 200-day moving average price is $260.98. The company has a quick ratio of 0.54, a current ratio of 1.17 and a debt-to-equity ratio of 1.35. The stock has a market capitalization of $14.05 billion, a PE ratio of 30.56, a PEG ratio of 1.11 and a beta of 1.65.

Burlington Stores (NYSE:BURL - Get Free Report) last issued its quarterly earnings data 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. Burlington Stores had a return on equity of 47.52% and a net margin of 4.49%. The company had revenue of $3.28 billion during the quarter, compared to analysts' expectations of $3.25 billion. As a group, sell-side analysts anticipate that Burlington Stores, Inc. will post 7.93 EPS for the current year.

Insider Buying and Selling at Burlington Stores

In related news, CMO Jennifer Vecchio sold 493 shares of the firm's stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $275.75, for a total transaction of $135,944.75. Following the sale, the chief marketing officer now owns 58,944 shares of the company's stock, valued at $16,253,808. This trade represents a 0.83 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 1.10% of the company's stock.

Analysts Set New Price Targets

BURL has been the subject of several research analyst reports. Morgan Stanley boosted their price objective on Burlington Stores from $296.00 to $297.00 and gave the company an "overweight" rating in a research report on Friday, March 7th. Barclays increased their price objective on shares of Burlington Stores from $317.00 to $329.00 and gave the stock an "overweight" rating in a research report on Friday, March 7th. UBS Group upped their target price on shares of Burlington Stores from $360.00 to $405.00 and gave the stock a "buy" rating in a research note on Friday, March 7th. Citigroup dropped their price target on Burlington Stores from $344.00 to $340.00 and set a "buy" rating on the stock in a research note on Friday, March 7th. Finally, Robert W. Baird upped their price objective on Burlington Stores from $330.00 to $335.00 and gave the stock an "outperform" rating in a research report on Friday, March 7th. One research 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, Burlington Stores currently has an average rating of "Moderate Buy" and a consensus target price of $323.13.

About Burlington Stores

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.