Xponance Inc. Grows Stock Holdings in Burlington Stores, Inc. (NYSE:BURL)

Xponance Inc. increased its stake in Burlington Stores, Inc. (NYSE:BURL - Free Report) by 54.5% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 14,123 shares of the company's stock after acquiring an additional 4,982 shares during the quarter. Xponance Inc.'s holdings in Burlington Stores were worth $2,747,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Fifth Third Bancorp bought a new stake in shares of Burlington Stores in the 4th quarter valued at $50,000. Homestead Advisers Corp acquired a new stake in Burlington Stores in the 3rd quarter valued at $53,000. Operose Advisors LLC acquired a new stake in Burlington Stores in the 3rd quarter valued at $84,000. Wahed Invest LLC grew its position in Burlington Stores by 9.7% in the 3rd quarter. Wahed Invest LLC now owns 1,026 shares of the company's stock valued at $139,000 after purchasing an additional 91 shares during the period. Finally, Counterpoint Mutual Funds LLC acquired a new stake in Burlington Stores in the 3rd quarter valued at $202,000.

Insider Activity at Burlington Stores

In related news, CMO Jennifer Vecchio sold 5,025 shares of the business's stock in a transaction dated Wednesday, March 20th. The stock was sold at an average price of $225.24, for a total value of $1,131,831.00. Following the sale, the chief marketing officer now directly owns 61,115 shares in the company, valued at approximately $13,765,542.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 0.91% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several analysts recently issued reports on BURL shares. Telsey Advisory Group reissued an "outperform" rating and issued a $250.00 price target (up previously from $225.00) on shares of Burlington Stores in a research report on Monday, March 4th. StockNews.com raised shares of Burlington Stores from a "hold" rating to a "buy" rating in a research report on Saturday, March 9th. Piper Sandler raised shares of Burlington Stores from a "neutral" rating to an "overweight" rating and lifted their price target for the company from $155.00 to $240.00 in a research report on Wednesday, January 17th. Finally, Evercore ISI lifted their price objective on shares of Burlington Stores from $220.00 to $235.00 and gave the stock an "outperform" rating in a report on Friday, February 23rd. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat, Burlington Stores presently has an average rating of "Moderate Buy" and a consensus price target of $210.69.

Burlington Stores Stock Performance

Shares of NYSE:BURL traded down $0.93 during midday trading on Monday, reaching $177.64. The company had a trading volume of 777,384 shares, compared to its average volume of 898,792. The company's 50 day moving average price is $207.05 and its 200 day moving average price is $180.59. The company has a current ratio of 1.15, a quick ratio of 0.61 and a debt-to-equity ratio of 1.40. The stock has a market cap of $11.35 billion, a P/E ratio of 33.84, a P/E/G ratio of 1.04 and a beta of 1.49. Burlington Stores, Inc. has a 52-week low of $115.66 and a 52-week high of $232.69.

Burlington Stores (NYSE:BURL - Get Free Report) last issued its quarterly earnings results on Thursday, March 7th. The company reported $3.30 earnings per share for the quarter, topping analysts' consensus estimates of $3.28 by $0.02. The company had revenue of $3.13 billion for the quarter, compared to the consensus estimate of $3.07 billion. Burlington Stores had a net margin of 3.49% and a return on equity of 45.28%. The firm's quarterly revenue was up 13.9% on a year-over-year basis. During the same period in the previous year, the firm earned $2.96 EPS. As a group, sell-side analysts anticipate that Burlington Stores, Inc. will post 7.41 EPS for the current fiscal year.

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.