HB Wealth Management LLC Acquires Shares of 928 Burlington Stores, Inc. (NYSE:BURL)

HB Wealth Management LLC bought a new position in shares of Burlington Stores, Inc. (NYSE:BURL) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 928 shares of the company’s stock, valued at approximately $265,000.

Other large investors also recently modified their holdings of the company. RPg Family Wealth Advisory LLC bought a new stake in shares of Burlington Stores in the 3rd quarter worth approximately $26,000. Fortitude Family Office LLC boosted its holdings in Burlington Stores by 148.6% in the fourth quarter. Fortitude Family Office LLC now owns 92 shares of the company’s stock valued at $26,000 after acquiring an additional 55 shares in the last quarter. Brooklyn Investment Group purchased a new position in Burlington Stores during the 3rd quarter valued at $33,000. UMB Bank n.a. raised its holdings in Burlington Stores by 391.7% in the 3rd quarter. UMB Bank n.a. now owns 177 shares of the company’s stock worth $47,000 after purchasing an additional 141 shares in the last quarter. Finally, AM Squared Ltd purchased a new stake in shares of Burlington Stores in the 3rd quarter worth about $53,000.

Burlington Stores Stock Performance

Shares of NYSE BURL opened at $291.94 on Friday. The firm’s 50-day moving average price is $286.79 and its 200-day moving average price is $268.78. Burlington Stores, Inc. has a 52-week low of $174.64 and a 52-week high of $298.89. The company has a market cap of $18.53 billion, a PE ratio of 39.99, a PEG ratio of 1.55 and a beta of 1.63. 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 (NYSE:BURL) last posted its earnings results on Tuesday, November 26th. The company reported $1.55 EPS for the quarter, topping analysts’ consensus estimates of $1.54 by $0.01. The business had revenue of $2.53 billion during the quarter, compared to the consensus estimate of $2.55 billion. Burlington Stores had a net margin of 4.49% and a return on equity of 47.52%. The firm’s revenue was up 10.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.98 EPS. As a group, analysts anticipate that Burlington Stores, Inc. will post 7.93 EPS for the current year.

Insiders Place Their Bets

In other news, CMO Jennifer Vecchio sold 494 shares of the stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $284.95, for a total value of $140,765.30. Following the transaction, the chief marketing officer now owns 59,437 shares in the company, valued at $16,936,573.15. This represents a 0.82 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 0.91% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently issued reports on BURL. Citigroup boosted their price target on shares of Burlington Stores from $313.00 to $344.00 and gave the company a “buy” rating in a research report on Wednesday, November 27th. UBS Group upgraded Burlington Stores from a “neutral” rating to a “buy” rating and raised their target price for the company from $280.00 to $360.00 in a research note on Friday, January 10th. Morgan Stanley upped their price target on Burlington Stores from $285.00 to $305.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 27th. TD Cowen raised their price objective on Burlington Stores from $334.00 to $339.00 and gave the company a “buy” rating in a research report on Thursday, December 12th. Finally, Telsey Advisory Group reaffirmed an “outperform” rating and issued a $310.00 target price on shares of Burlington Stores in a research report on Tuesday, November 26th. One investment analyst has rated the stock with a hold rating and fifteen have issued a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $317.87.

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.