GW&K Investment Management LLC Has $54.26 Million Stock Holdings in Burlington Stores, Inc. (NYSE:BURL)

GW&K Investment Management LLC trimmed its holdings in shares of Burlington Stores, Inc. (NYSE:BURL - Free Report) by 2.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 278,994 shares of the company's stock after selling 8,103 shares during the quarter. GW&K Investment Management LLC owned 0.43% of Burlington Stores worth $54,259,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in BURL. Wellington Management Group LLP boosted its holdings in shares of Burlington Stores by 44.0% in the 3rd quarter. Wellington Management Group LLP now owns 785,780 shares of the company's stock valued at $106,316,000 after acquiring an additional 239,955 shares during the last quarter. Norges Bank acquired a new stake in Burlington Stores during the 4th quarter worth about $145,471,000. Clearbridge Investments LLC raised its stake in shares of Burlington Stores by 19.3% during the 4th quarter. Clearbridge Investments LLC now owns 631,148 shares of the company's stock valued at $122,746,000 after buying an additional 101,950 shares during the last quarter. Cooper Creek Partners Management LLC boosted its stake in shares of Burlington Stores by 716.8% in the third quarter. Cooper Creek Partners Management LLC now owns 610,821 shares of the company's stock worth $82,644,000 after buying an additional 536,038 shares during the last quarter. Finally, Artemis Investment Management LLP boosted its stake in shares of Burlington Stores by 96.7% in the fourth 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.

Analyst Ratings Changes

Several equities analysts recently issued reports on the stock. TD Cowen decreased their target price on shares of Burlington Stores from $230.00 to $209.00 and set a "hold" rating for the company in a research note on Friday. UBS Group upgraded Burlington Stores from a "sell" rating to a "neutral" rating and raised their target price for the company from $126.00 to $212.00 in a research report on Thursday, May 2nd. Morgan Stanley reduced their price target on Burlington Stores from $233.00 to $218.00 and set an "overweight" rating for the company in a report on Monday, May 6th. Evercore ISI raised their price objective on Burlington Stores from $220.00 to $235.00 and gave the company an "outperform" rating in a report on Friday, February 23rd. Finally, StockNews.com raised 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. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $220.14.

Burlington Stores Price Performance

BURL traded down $2.47 on Monday, reaching $190.67. 969,419 shares of the company's stock were exchanged, compared to its average volume of 897,673. The stock has a market cap of $12.18 billion, a PE ratio of 36.32, a P/E/G ratio of 1.13 and a beta of 1.54. The company has a debt-to-equity ratio of 1.40, a current ratio of 1.15 and a quick ratio of 0.61. Burlington Stores, Inc. has a twelve month low of $115.66 and a twelve month high of $232.69. The stock's fifty day moving average price is $200.40 and its 200-day moving average price is $189.88.

Burlington Stores (NYSE:BURL - Get Free Report) last posted its quarterly earnings results on Thursday, March 7th. The company reported $3.30 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $3.28 by $0.02. The business had revenue of $3.13 billion during the quarter, compared to analyst estimates of $3.07 billion. Burlington Stores had a return on equity of 45.28% and a net margin of 3.49%. The business's revenue was up 13.9% compared to the same quarter last year. During the same period in the prior year, the business earned $2.96 earnings per share. Sell-side analysts expect that Burlington Stores, Inc. will post 7.38 EPS for the current year.

Insider Activity

In other news, CMO Jennifer Vecchio sold 5,025 shares of the stock in a transaction that occurred 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 owns 61,115 shares of the company's stock, valued at approximately $13,765,542.60. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 0.91% of the company's stock.

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.