Quantinno Capital Management LP Raises Stock Holdings in Burlington Stores, Inc. (NYSE:BURL)

Quantinno Capital Management LP boosted its holdings in Burlington Stores, Inc. (NYSE:BURL - Free Report) by 205.0% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 24,313 shares of the company's stock after purchasing an additional 16,341 shares during the quarter. Quantinno Capital Management LP's holdings in Burlington Stores were worth $6,931,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of BURL. IFP Advisors Inc grew its position in Burlington Stores by 81.6% in the 4th quarter. IFP Advisors Inc now owns 89 shares of the company's stock valued at $25,000 after purchasing an additional 40 shares during the period. Stonebridge Financial Group LLC bought a new position in Burlington Stores during the 4th quarter valued at $31,000. Farther Finance Advisors LLC lifted its stake in Burlington Stores by 104.5% during the 4th 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 lifted its stake in Burlington Stores by 157.1% during the 4th 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 lifted its stake in Burlington Stores by 36.5% during the 4th 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.

Burlington Stores Price Performance

Shares of NYSE BURL traded down $2.25 during midday trading on Tuesday, hitting $267.87. 962,425 shares of the company's stock were exchanged, compared to its average volume of 995,397. Burlington Stores, Inc. has a 12-month low of $181.87 and a 12-month high of $298.89. The company has a current ratio of 1.17, a quick ratio of 0.54 and a debt-to-equity ratio of 1.35. The company has a market cap of $16.87 billion, a price-to-earnings ratio of 36.69, a PEG ratio of 1.11 and a beta of 1.70. The business's fifty day moving average price is $237.94 and its two-hundred day moving average price is $260.27.

Burlington Stores (NYSE:BURL - Get Free Report) last issued its quarterly earnings data on Thursday, March 6th. The company reported $4.07 EPS for the quarter, topping the consensus estimate of $3.75 by $0.32. The company had revenue of $3.28 billion during the quarter, compared to analyst estimates 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 forecast that Burlington Stores, Inc. will post 7.93 EPS for the current fiscal year.

Wall Street Analyst Weigh In

BURL has been the topic of several recent analyst reports. Barclays dropped their price objective on Burlington Stores from $329.00 to $254.00 and set an "overweight" rating on the stock in a research note on Monday, May 12th. Telsey Advisory Group reiterated an "outperform" rating and set a $340.00 target price on shares of Burlington Stores in a research note on Thursday, March 6th. Morgan Stanley lowered their price objective on Burlington Stores from $297.00 to $269.00 and set an "overweight" rating on the stock in a research note on Tuesday, May 6th. UBS Group upped their price objective on shares of Burlington Stores from $360.00 to $405.00 and gave the company a "buy" rating in a report on Friday, March 7th. Finally, Citigroup dropped their price objective on shares of Burlington Stores from $344.00 to $340.00 and set a "buy" rating on the stock in a report on Friday, March 7th. One analyst has rated the stock with a hold rating and fifteen have given a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $317.27.

Insiders Place Their Bets

In related news, COO Travis Marquette sold 190 shares of the company's stock in a transaction that occurred on Monday, May 5th. The stock was sold at an average price of $237.63, for a total transaction of $45,149.70. Following the completion of the transaction, the chief operating officer now owns 22,858 shares in the company, valued at $5,431,746.54. This represents a 0.82% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CMO Jennifer Vecchio sold 4,939 shares of the company's stock in a transaction that occurred on Thursday, March 20th. The shares were sold at an average price of $239.94, for a total value of $1,185,063.66. Following the transaction, the chief marketing officer now owns 70,006 shares of the company's stock, valued at approximately $16,797,239.64. This represents a 6.59% decrease in their position. The disclosure for this sale can be found here. 1.10% of the stock is owned by insiders.

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.