Sirios Capital Management L P Makes New Investment in Burlington Stores, Inc. (NYSE:BURL)

Sirios Capital Management L P acquired a new stake in Burlington Stores, Inc. (NYSE:BURL - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 3,155 shares of the company's stock, valued at approximately $899,000.

Other large investors have also made changes to their positions in the company. Norges Bank purchased a new stake in shares of Burlington Stores in the fourth quarter valued at $227,268,000. Capital International Investors boosted its position in shares of Burlington Stores by 7.7% in the fourth quarter. Capital International Investors now owns 5,160,096 shares of the company's stock worth $1,470,929,000 after acquiring an additional 367,703 shares during the last quarter. Massachusetts Financial Services Co. MA grew its holdings in Burlington Stores by 30.8% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 955,648 shares of the company's stock valued at $272,417,000 after purchasing an additional 225,124 shares during the period. Anomaly Capital Management LP increased its position in Burlington Stores by 21.9% during the fourth quarter. Anomaly Capital Management LP now owns 961,281 shares of the company's stock worth $274,023,000 after purchasing an additional 172,431 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership raised its stake in Burlington Stores by 38.6% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 506,170 shares of the company's stock worth $144,289,000 after purchasing an additional 141,020 shares during the period.

Insider Activity at Burlington Stores

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

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on BURL shares. Morgan Stanley increased their target price on Burlington Stores from $296.00 to $297.00 and gave the stock an "overweight" rating in a research report on Friday, March 7th. UBS Group raised 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. Telsey Advisory Group restated an "outperform" rating and set a $340.00 target price on shares of Burlington Stores in a report on Thursday, March 6th. 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, Barclays boosted their price objective on Burlington Stores from $317.00 to $329.00 and gave the stock an "overweight" rating in a research note on Friday, March 7th. One analyst has rated the stock with a hold rating and fifteen have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $323.13.

Burlington Stores Stock Performance

Shares of NYSE:BURL traded down $3.15 on Monday, reaching $220.02. 253,812 shares of the company's stock were exchanged, compared to its average volume of 976,910. The business's 50-day moving average is $236.12 and its two-hundred day moving average is $261.15. The company has a quick ratio of 0.54, a current ratio of 1.17 and a debt-to-equity ratio of 1.35. Burlington Stores, Inc. has a fifty-two week low of $175.30 and a fifty-two week high of $298.89. The firm has a market capitalization of $13.86 billion, a price-to-earnings ratio of 30.07, a PEG ratio of 1.11 and a beta of 1.65.

Burlington Stores (NYSE:BURL - Get Free Report) last issued its earnings results on Thursday, March 6th. The company reported $4.07 EPS for the quarter, beating 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 company had revenue of $3.28 billion during the quarter, compared to the consensus estimate of $3.25 billion. As a group, equities research analysts forecast that Burlington Stores, Inc. will post 7.93 EPS 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.