Tobam Lowers Stock Position in Burlington Stores, Inc. (NYSE:BURL)

Tobam cut its holdings in shares of Burlington Stores, Inc. (NYSE:BURL) by 23.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,602 shares of the company’s stock after selling 779 shares during the period. Tobam’s holdings in Burlington Stores were worth $506,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of BURL. Salem Investment Counselors Inc. lifted its holdings in shares of Burlington Stores by 58.2% during the second quarter. Salem Investment Counselors Inc. now owns 193 shares of the company’s stock worth $26,000 after purchasing an additional 71 shares during the period. Quarry LP acquired a new stake in shares of Burlington Stores during the first quarter worth $39,000. KB Financial Partners LLC lifted its holdings in shares of Burlington Stores by 68.8% during the first quarter. KB Financial Partners LLC now owns 238 shares of the company’s stock worth $43,000 after purchasing an additional 97 shares during the period. Fifth Third Bancorp acquired a new stake in shares of Burlington Stores during the fourth quarter worth $50,000. Finally, Homestead Advisers Corp acquired a new stake in Burlington Stores in the third quarter valued at $53,000.

Insider Buying and Selling at Burlington Stores

In other Burlington Stores news, CMO Jennifer Vecchio sold 5,025 shares of the company’s stock in a transaction that occurred on Wednesday, March 20th. The stock was sold at an average price of $225.24, for a total value of $1,131,831.00. Following the transaction, the chief marketing officer now directly owns 61,115 shares of the company’s stock, valued at approximately $13,765,542.60. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.71% of the stock is currently owned by corporate insiders.

Burlington Stores Stock Performance

Burlington Stores stock opened at $199.45 on Wednesday. The stock’s 50 day moving average price is $209.02 and its 200 day moving average price is $177.16. The firm has a market capitalization of $12.74 billion, a PE ratio of 37.99, a price-to-earnings-growth ratio of 1.16 and a beta of 1.49. The company has a debt-to-equity ratio of 1.40, a quick ratio of 0.61 and a current ratio of 1.15. Burlington Stores, Inc. has a one year low of $115.66 and a one year high of $232.69.

Burlington Stores (NYSE:BURL) last announced its earnings results on Thursday, March 7th. The company reported $3.30 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.28 by $0.02. Burlington Stores had a return on equity of 45.28% and a net margin of 3.49%. The company had revenue of $3.13 billion for the quarter, compared to analyst estimates of $3.07 billion. During the same period in the prior year, the company posted $2.96 EPS. Burlington Stores’s quarterly revenue was up 13.9% on a year-over-year basis. As a group, sell-side analysts expect that Burlington Stores, Inc. will post 7.41 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

BURL has been the subject of a number of recent analyst reports. Telsey Advisory Group reissued an “outperform” rating and issued a $250.00 target price (up previously from $225.00) on shares of Burlington Stores in a report on Monday, March 4th. Evercore ISI lifted their price objective on Burlington Stores from $220.00 to $235.00 and gave the stock an “outperform” rating in a research report on Friday, February 23rd. Piper Sandler upgraded Burlington Stores from a “neutral” rating to an “overweight” rating and lifted their price objective for the stock from $155.00 to $240.00 in a research report on Wednesday, January 17th. Finally, StockNews.com upgraded Burlington Stores from a “hold” rating to a “buy” rating in a research report on Saturday, March 9th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and eight have assigned a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $210.69.

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.