Northern Trust Corp Boosts Holdings in Burlington Stores, Inc. (NYSE:BURL)

Northern Trust Corp grew its position in shares of Burlington Stores, Inc. (NYSE:BURL - Free Report) by 20.5% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 618,960 shares of the company's stock after acquiring an additional 105,380 shares during the period. Northern Trust Corp owned about 0.98% of Burlington Stores worth $176,441,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in BURL. IFP Advisors Inc increased its stake in shares of Burlington Stores by 81.6% in the 4th quarter. IFP Advisors Inc now owns 89 shares of the company's stock worth $25,000 after acquiring an additional 40 shares in the last quarter. Fortitude Family Office LLC increased its stake in shares of Burlington Stores by 148.6% during the fourth quarter. Fortitude Family Office LLC now owns 92 shares of the company's stock valued at $26,000 after purchasing an additional 55 shares in the last quarter. Stonebridge Financial Group LLC purchased a new position in shares of Burlington Stores during the fourth quarter valued at approximately $31,000. Farther Finance Advisors LLC increased its position in Burlington Stores by 104.5% during the 4th quarter. Farther Finance Advisors LLC now owns 135 shares of the company's stock valued at $38,000 after buying an additional 69 shares in the last quarter. Finally, Parkside Financial Bank & Trust raised its position in shares of Burlington Stores by 157.1% in the 4th 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.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the stock. Citigroup dropped their target price on shares of Burlington Stores from $344.00 to $340.00 and set a "buy" rating on the stock in a research note on Friday, March 7th. UBS Group lifted their price target 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. Morgan Stanley lowered their target price on Burlington Stores from $297.00 to $269.00 and set an "overweight" rating on the stock in a report on Tuesday. Telsey Advisory Group reissued an "outperform" rating and set a $340.00 price target on shares of Burlington Stores in a report on Thursday, March 6th. Finally, JPMorgan Chase & Co. dropped their price target on shares of Burlington Stores from $336.00 to $287.00 and set an "overweight" rating for the company in a research report on Monday, April 14th. One analyst has rated the stock with a hold rating and fifteen have issued a buy rating to the stock. According to MarketBeat, Burlington Stores has a consensus rating of "Moderate Buy" and an average price target of $319.60.

Burlington Stores Trading Up 3.0 %

Shares of NYSE:BURL traded up $7.12 on Wednesday, hitting $244.18. 350,551 shares of the company's stock were exchanged, compared to its average volume of 1,190,506. The business's 50 day simple moving average is $234.72 and its two-hundred day simple moving average is $259.88. The company has a debt-to-equity ratio of 1.35, a current ratio of 1.17 and a quick ratio of 0.54. The stock has a market capitalization of $15.38 billion, a price-to-earnings ratio of 33.45, a price-to-earnings-growth 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 issued its earnings results on Thursday, March 6th. The company reported $4.07 EPS for the quarter, topping analysts' consensus estimates of $3.75 by $0.32. Burlington Stores had a net margin of 4.49% and a return on equity of 47.52%. The business had revenue of $3.28 billion for the quarter, compared to analyst estimates of $3.25 billion. Analysts anticipate that Burlington Stores, Inc. will post 7.93 EPS for the current fiscal year.

Insider Activity

In other Burlington Stores news, CMO Jennifer Vecchio sold 4,939 shares of the stock in a transaction on Thursday, March 20th. The stock was 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 owns 70,006 shares of the company's stock, valued at approximately $16,797,239.64. This trade represents a 6.59 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 1.10% of the company's stock.

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.