International Assets Investment Management LLC Purchases New Stake in Burlington Stores, Inc. (NYSE:BURL)

International Assets Investment Management LLC purchased a new stake in shares of Burlington Stores, Inc. (NYSE:BURL - Free Report) in the fourth quarter, according to its most recent disclosure with the SEC. The firm purchased 66,707 shares of the company's stock, valued at approximately $129,730,000. Burlington Stores makes up 0.4% of International Assets Investment Management LLC's investment portfolio, making the stock its 26th largest position. International Assets Investment Management LLC owned approximately 0.10% of Burlington Stores at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the company. Wellington Management Group LLP grew its holdings in Burlington Stores by 44.0% during the 3rd quarter. Wellington Management Group LLP now owns 785,780 shares of the company's stock worth $106,316,000 after acquiring an additional 239,955 shares in the last quarter. Cooper Creek Partners Management LLC grew its holdings in Burlington Stores by 716.8% during the 3rd quarter. Cooper Creek Partners Management LLC now owns 610,821 shares of the company's stock worth $82,644,000 after acquiring an additional 536,038 shares in the last quarter. Clearbridge Investments LLC lifted its position in shares of Burlington Stores by 1.0% in the 3rd quarter. Clearbridge Investments LLC now owns 529,198 shares of the company's stock worth $71,600,000 after buying an additional 5,302 shares during the last quarter. Artemis Investment Management LLP lifted its position in shares of Burlington Stores by 96.7% in the 4th quarter. Artemis Investment Management LLP now owns 478,838 shares of the company's stock worth $93,124,000 after buying an additional 235,343 shares during the last quarter. Finally, Jennison Associates LLC boosted its stake in Burlington Stores by 28.3% during the 3rd quarter. Jennison Associates LLC now owns 477,952 shares of the company's stock valued at $64,667,000 after purchasing an additional 105,464 shares during the period.

Insider Buying and Selling at Burlington Stores

In other Burlington Stores news, CMO Jennifer Vecchio sold 5,025 shares of the stock in a transaction on Wednesday, March 20th. The shares were sold at an average price of $225.24, for a total value of $1,131,831.00. Following the completion of the sale, the chief marketing officer now directly owns 61,115 shares of the company's stock, valued at approximately $13,765,542.60. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 0.91% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have issued reports on BURL. UBS Group raised shares of Burlington Stores from a "sell" rating to a "neutral" rating and boosted their target price for the company from $126.00 to $212.00 in a research note on Thursday. Piper Sandler raised shares of Burlington Stores from a "neutral" rating to an "overweight" rating and upped their price target for the stock from $155.00 to $240.00 in a research note on Wednesday, January 17th. Evercore ISI upped their price target on shares of Burlington Stores from $220.00 to $235.00 and gave the stock an "outperform" rating in a research note on Friday, February 23rd. Telsey Advisory Group reaffirmed an "outperform" rating and issued a $250.00 price target (up from $225.00) on shares of Burlington Stores in a research note on Monday, March 4th. Finally, StockNews.com raised shares of Burlington Stores from a "hold" rating to a "buy" rating in a research note on Saturday, March 9th. Three analysts have rated the stock with a hold rating and eight have issued a buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $216.06.

Burlington Stores Stock Up 0.7 %

BURL stock traded up $1.32 during trading hours on Friday, hitting $185.63. The company's stock had a trading volume of 648,616 shares, compared to its average volume of 903,114. The company has a quick ratio of 0.61, a current ratio of 1.15 and a debt-to-equity ratio of 1.40. The company has a market capitalization of $11.86 billion, a PE ratio of 35.55, a price-to-earnings-growth ratio of 1.04 and a beta of 1.54. Burlington Stores, Inc. has a 12 month low of $115.66 and a 12 month high of $232.69. The stock has a 50 day moving average price of $204.66 and a two-hundred day moving average price of $183.08.

Burlington Stores (NYSE:BURL - Get Free Report) last posted its quarterly earnings data on Thursday, March 7th. The company reported $3.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.28 by $0.02. The business had revenue of $3.13 billion during 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%. Burlington Stores's quarterly revenue was up 13.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.96 EPS. On average, equities research analysts expect that Burlington Stores, Inc. will post 7.41 earnings per share 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.