Panoramic Capital LLC Buys New Holdings in Burlington Stores, Inc. (NYSE:BURL)

Panoramic Capital LLC acquired a new position in Burlington Stores, Inc. (NYSE:BURL - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 3,980 shares of the company's stock, valued at approximately $1,135,000.

A number of other institutional investors have also added to or reduced their stakes in BURL. IFP Advisors Inc raised its holdings in Burlington Stores by 81.6% in the fourth quarter. IFP Advisors Inc now owns 89 shares of the company's stock worth $25,000 after purchasing an additional 40 shares in the last quarter. Stonebridge Financial Group LLC bought a new position in shares of Burlington Stores during the fourth quarter valued at $31,000. Farther Finance Advisors LLC increased its holdings in shares of Burlington Stores by 104.5% during the fourth quarter. Farther Finance Advisors LLC now owns 135 shares of the company's stock valued at $38,000 after acquiring an additional 69 shares in the last quarter. Parkside Financial Bank & Trust increased its holdings in shares of Burlington Stores by 157.1% during the fourth quarter. Parkside Financial Bank & Trust now owns 144 shares of the company's stock valued at $41,000 after acquiring an additional 88 shares in the last quarter. Finally, MassMutual Private Wealth & Trust FSB increased its holdings in shares of Burlington Stores by 36.5% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 172 shares of the company's stock valued at $49,000 after acquiring an additional 46 shares in the last quarter.

Insider Activity

In other news, CMO Jennifer Vecchio sold 4,939 shares of Burlington Stores stock in a transaction dated 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 transaction, the chief marketing officer now directly owns 70,006 shares of the company's stock, valued at $16,797,239.64. The trade was a 6.59% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, COO Travis Marquette sold 190 shares of Burlington Stores stock in a transaction dated Monday, May 5th. The shares were sold at an average price of $237.63, for a total value of $45,149.70. Following the transaction, the chief operating officer now directly owns 22,858 shares in the company, valued at approximately $5,431,746.54. The trade was a 0.82% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.10% of the company's stock.

Burlington Stores Stock Performance

NYSE:BURL traded up $4.27 on Friday, hitting $269.16. The stock had a trading volume of 967,682 shares, compared to its average volume of 996,579. The stock has a market cap of $16.95 billion, a price-to-earnings ratio of 36.87, a price-to-earnings-growth ratio of 1.11 and a beta of 1.70. 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 business's 50-day simple moving average is $237.42 and its two-hundred day simple moving average is $259.98. Burlington Stores, Inc. has a 52-week low of $181.87 and a 52-week high of $298.89.

Burlington Stores (NYSE:BURL - Get Free Report) last announced its earnings results on Thursday, March 6th. The company reported $4.07 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.75 by $0.32. The business had revenue of $3.28 billion for the quarter, compared to analysts' expectations of $3.25 billion. Burlington Stores had a return on equity of 47.52% and a net margin of 4.49%. As a group, research analysts predict that Burlington Stores, Inc. will post 7.93 earnings per share for the current year.

Analyst Upgrades and Downgrades

BURL has been the subject of several analyst reports. Wells Fargo & Company reduced their price target on Burlington Stores from $325.00 to $300.00 and set an "overweight" rating for the company in a report on Wednesday, April 30th. Morgan Stanley reduced their price target on Burlington Stores from $297.00 to $269.00 and set an "overweight" rating for the company in a report on Tuesday, May 6th. UBS Group raised their price target on Burlington Stores from $360.00 to $405.00 and gave the company a "buy" rating in a report on Friday, March 7th. Robert W. Baird raised their price target on Burlington Stores from $330.00 to $335.00 and gave the company an "outperform" rating in a report on Friday, March 7th. Finally, Telsey Advisory Group reaffirmed an "outperform" rating and set a $340.00 price objective on shares of Burlington Stores in a research report on Thursday, March 6th. One research analyst has rated the stock with a hold rating and fifteen have given a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $314.60.

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.