Simplicity Solutions LLC Buys New Holdings in Burlington Stores, Inc. (NYSE:BURL)

Simplicity Solutions LLC bought a new stake in Burlington Stores, Inc. (NYSE:BURL) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 1,624 shares of the company’s stock, valued at approximately $316,000.

A number of other large investors have also modified their holdings of BURL. Salem Investment Counselors Inc. raised its stake in 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 acquiring an additional 71 shares in the last quarter. Quarry LP acquired a new position in Burlington Stores during the first quarter worth $39,000. KB Financial Partners LLC raised its stake in 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 acquiring an additional 97 shares in the last quarter. Fifth Third Bancorp acquired a new position in Burlington Stores during the fourth quarter worth $50,000. Finally, Homestead Advisers Corp acquired a new position in Burlington Stores during the third quarter worth $53,000.

Insider Activity at Burlington Stores

In other Burlington Stores news, CMO Jennifer Vecchio sold 5,025 shares of the stock in a transaction dated 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 owns 61,115 shares of the company’s stock, valued at $13,765,542.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 0.91% of the stock is owned by company insiders.

Burlington Stores Price Performance

Burlington Stores stock opened at $178.57 on Friday. The business’s 50-day simple moving average is $207.45 and its 200 day simple moving average is $179.47. The stock has a market cap of $11.40 billion, a price-to-earnings ratio of 34.01, a P/E/G ratio of 1.05 and a beta of 1.49. Burlington Stores, Inc. has a 12-month low of $115.66 and a 12-month high of $232.69. The company has a quick ratio of 0.61, a current ratio of 1.15 and a debt-to-equity ratio of 1.40.

Burlington Stores (NYSE:BURL) last posted its quarterly earnings results on Thursday, March 7th. The company reported $3.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.28 by $0.02. The business had revenue of $3.13 billion for the quarter, compared to analysts’ expectations of $3.07 billion. Burlington Stores had a return on equity of 45.28% and a net margin of 3.49%. The firm’s quarterly revenue was up 13.9% compared to the same quarter last year. During the same quarter last year, the business earned $2.96 earnings per share. As a group, research analysts anticipate that Burlington Stores, Inc. will post 7.41 earnings per share for the current year.

Analyst Ratings Changes

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