T. Rowe Price Investment Management Inc. Decreases Holdings in Burlington Stores, Inc. (NYSE:BURL)

T. Rowe Price Investment Management Inc. cut its position in Burlington Stores, Inc. (NYSE:BURL - Free Report) by 1.3% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,526,104 shares of the company's stock after selling 32,746 shares during the quarter. T. Rowe Price Investment Management Inc. owned 3.98% of Burlington Stores worth $720,092,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Buckingham Capital Management Inc. grew its position in Burlington Stores by 159.0% in the fourth quarter. Buckingham Capital Management Inc. now owns 17,419 shares of the company's stock valued at $4,965,000 after acquiring an additional 10,693 shares during the last quarter. Logan Capital Management Inc. raised its stake in shares of Burlington Stores by 9.1% during the third quarter. Logan Capital Management Inc. now owns 56,354 shares of the company's stock valued at $14,848,000 after acquiring an additional 4,695 shares during the last quarter. Allspring Global Investments Holdings LLC grew its position in shares of Burlington Stores by 7.5% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 378,921 shares of the company's stock valued at $108,292,000 after buying an additional 26,412 shares during the last quarter. Grandeur Peak Global Advisors LLC increased its position in Burlington Stores by 3.0% during the 4th quarter. Grandeur Peak Global Advisors LLC now owns 45,056 shares of the company's stock valued at $12,844,000 after purchasing an additional 1,305 shares during the period. Finally, HB Wealth Management LLC bought a new position in Burlington Stores during the fourth quarter worth $265,000.

Burlington Stores Stock Performance

BURL traded down $2.22 during trading hours on Monday, hitting $220.96. The stock had a trading volume of 205,003 shares, compared to its average volume of 976,725. The stock has a market cap of $13.92 billion, a PE ratio of 30.26, a price-to-earnings-growth ratio of 1.11 and a beta of 1.65. 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 company's fifty day simple moving average is $236.12 and its 200 day simple moving average is $261.15. Burlington Stores, Inc. has a 1 year low of $175.30 and a 1 year high of $298.89.

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, topping the consensus estimate of $3.75 by $0.32. The business had revenue of $3.28 billion during the quarter, compared to the consensus estimate of $3.25 billion. Burlington Stores had a return on equity of 47.52% and a net margin of 4.49%. Equities analysts anticipate that Burlington Stores, Inc. will post 7.93 earnings per share for the current year.

Analysts Set New Price Targets

A number of brokerages have weighed in on BURL. Morgan Stanley lifted their target price on Burlington Stores from $296.00 to $297.00 and gave the stock an "overweight" rating in a report on Friday, March 7th. 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. Robert W. Baird raised their target price on Burlington Stores from $330.00 to $335.00 and gave the company an "outperform" rating in a research note on Friday, March 7th. Citigroup dropped their price target on Burlington Stores from $344.00 to $340.00 and set a "buy" rating on the stock in a research note on Friday, March 7th. Finally, Barclays raised their price objective on Burlington Stores from $317.00 to $329.00 and gave the company an "overweight" rating in a research note 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.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $323.13.

Insider Activity at Burlington Stores

In related news, CMO Jennifer Vecchio sold 4,939 shares of the company's stock in a transaction 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 completion of the transaction, the chief marketing officer now directly owns 70,006 shares in the company, valued at approximately $16,797,239.64. The trade was a 6.59 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.10% of the stock is owned by corporate insiders.

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.