Xponance Inc. Purchases 4,982 Shares of Burlington Stores, Inc. (NYSE:BURL)

Xponance Inc. boosted its position in Burlington Stores, Inc. (NYSE:BURL) by 54.5% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 14,123 shares of the company’s stock after purchasing an additional 4,982 shares during the period. Xponance Inc.’s holdings in Burlington Stores were worth $2,747,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. T. Rowe Price Investment Management Inc. lifted its position in shares of Burlington Stores by 6.5% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 6,854,793 shares of the company’s stock valued at $1,389,878,000 after buying an additional 415,655 shares during the last quarter. Vanguard Group Inc. lifted its holdings in Burlington Stores by 0.6% during the 1st quarter. Vanguard Group Inc. now owns 5,884,904 shares of the company’s stock valued at $1,072,053,000 after purchasing an additional 33,036 shares during the last quarter. Wellington Management Group LLP boosted its position in Burlington Stores by 1.9% during the first quarter. Wellington Management Group LLP now owns 999,412 shares of the company’s stock worth $182,064,000 after purchasing an additional 18,372 shares during the period. Geode Capital Management LLC increased its holdings in shares of Burlington Stores by 2.6% in the first quarter. Geode Capital Management LLC now owns 874,744 shares of the company’s stock valued at $176,515,000 after purchasing an additional 22,205 shares during the last quarter. Finally, Cooper Creek Partners Management LLC increased its holdings in shares of Burlington Stores by 716.8% in the third quarter. Cooper Creek Partners Management LLC now owns 610,821 shares of the company’s stock valued at $82,644,000 after purchasing an additional 536,038 shares during the last quarter.

Insider Buying and Selling at Burlington Stores

In other news, CMO Jennifer Vecchio sold 5,025 shares of the business’s stock in a transaction on Wednesday, March 20th. The stock was sold at an average price of $225.24, for a total transaction of $1,131,831.00. Following the completion of the transaction, the chief marketing officer now owns 61,115 shares of the company’s stock, valued at approximately $13,765,542.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.91% of the company’s stock.

Burlington Stores Stock Down 0.4 %

BURL stock opened at $178.57 on Monday. Burlington Stores, Inc. has a 52 week low of $115.66 and a 52 week high of $232.69. The business has a 50-day simple moving average of $207.45 and a 200 day simple moving average of $180.20. The company has a quick ratio of 0.61, a current ratio of 1.15 and a debt-to-equity ratio of 1.40. The company has a market cap of $11.41 billion, a PE ratio of 34.01, a price-to-earnings-growth ratio of 1.04 and a beta of 1.49.

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

Analyst Upgrades and Downgrades

Several brokerages recently commented on BURL. Telsey Advisory Group reaffirmed 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. Evercore ISI upped their target price on Burlington Stores from $220.00 to $235.00 and gave the company 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 increased their target price for the stock from $155.00 to $240.00 in a research note on Wednesday, January 17th. Finally, StockNews.com upgraded Burlington Stores from a “hold” rating to a “buy” rating in a research note on Saturday, March 9th. One research analyst has rated the stock with a sell rating, two have given a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $210.69.

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.