Pinebridge Investments L.P. Boosts Stock Position in Burlington Stores, Inc. (NYSE:BURL)

Pinebridge Investments L.P. increased its position in Burlington Stores, Inc. (NYSE:BURL - Free Report) by 151.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 32,259 shares of the company's stock after purchasing an additional 19,444 shares during the period. Pinebridge Investments L.P. owned 0.05% of Burlington Stores worth $9,196,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in BURL. IFP Advisors Inc boosted 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 acquiring an additional 40 shares in the last quarter. Fortitude Family Office LLC boosted its stake in Burlington Stores by 148.6% in the 4th quarter. Fortitude Family Office LLC now owns 92 shares of the company's stock worth $26,000 after purchasing an additional 55 shares in the last quarter. Stonebridge Financial Group LLC purchased a new stake in Burlington Stores during the 4th quarter valued at about $31,000. Farther Finance Advisors LLC lifted its stake in shares of Burlington Stores by 104.5% in the fourth quarter. Farther Finance Advisors LLC now owns 135 shares of the company's stock worth $38,000 after buying an additional 69 shares in the last quarter. Finally, Parkside Financial Bank & Trust grew 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 buying an additional 88 shares during the last quarter.

Burlington Stores Price Performance

NYSE BURL traded down $8.12 on Wednesday, reaching $219.53. The company had a trading volume of 495,872 shares, compared to its average volume of 976,499. The stock has a market capitalization of $13.83 billion, a PE ratio of 30.01, a price-to-earnings-growth ratio of 1.11 and a beta of 1.65. Burlington Stores, Inc. has a 12 month low of $175.30 and a 12 month high of $298.89. 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 firm's 50 day moving average price is $235.45 and its 200 day moving average price is $260.71.

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

Insider Buying and Selling at Burlington Stores

In other news, CMO Jennifer Vecchio sold 493 shares of the firm's stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $275.75, for a total value of $135,944.75. Following the completion of the sale, the chief marketing officer now owns 58,944 shares in the company, valued at approximately $16,253,808. This trade represents a 0.83 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 1.10% of the company's stock.

Wall Street Analyst Weigh In

Several research firms recently commented on BURL. Citigroup dropped their price objective on Burlington Stores from $344.00 to $340.00 and set a "buy" rating on the stock in a research report on Friday, March 7th. JPMorgan Chase & Co. decreased their price objective on shares of Burlington Stores from $336.00 to $287.00 and set an "overweight" rating for the company in a report on Monday, April 14th. Morgan Stanley raised their target price on shares of Burlington Stores from $296.00 to $297.00 and gave the stock an "overweight" rating in a report on Friday, March 7th. Robert W. Baird increased 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, UBS Group lifted their price objective on Burlington Stores from $360.00 to $405.00 and gave the stock a "buy" rating in a report on Friday, March 7th. One research analyst has rated the stock with a hold rating and fifteen have given a buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $321.47.

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.