Precision Wealth Strategies LLC Cuts Stock Position in Burlington Stores, Inc. (NYSE:BURL)

Precision Wealth Strategies LLC trimmed its position in shares of Burlington Stores, Inc. (NYSE:BURL) by 23.1% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 1,435 shares of the company’s stock after selling 432 shares during the quarter. Precision Wealth Strategies LLC’s holdings in Burlington Stores were worth $409,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the company. RPg Family Wealth Advisory LLC bought a new position in Burlington Stores during the third quarter valued at approximately $26,000. Fortitude Family Office LLC grew its holdings in shares of Burlington Stores by 148.6% during the 4th quarter. Fortitude Family Office LLC now owns 92 shares of the company’s stock valued at $26,000 after purchasing an additional 55 shares during the last quarter. Brooklyn Investment Group purchased a new position in Burlington Stores in the 3rd quarter worth $33,000. UMB Bank n.a. lifted its stake in Burlington Stores by 391.7% in the third quarter. UMB Bank n.a. now owns 177 shares of the company’s stock worth $47,000 after purchasing an additional 141 shares during the last quarter. Finally, MassMutual Private Wealth & Trust FSB lifted its stake in Burlington Stores by 36.5% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 172 shares of the company’s stock worth $49,000 after purchasing an additional 46 shares during the last quarter.

Insider Activity

In other news, CMO Jennifer Vecchio sold 494 shares of Burlington Stores stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $293.89, for a total transaction of $145,181.66. Following the completion of the transaction, the chief marketing officer now directly owns 59,931 shares in the company, valued at approximately $17,613,121.59. This trade represents a 0.82 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.91% of the company’s stock.

Burlington Stores Price Performance

BURL stock opened at $283.91 on Friday. The firm has a 50-day moving average of $288.22 and a 200 day moving average of $270.37. The company has a debt-to-equity ratio of 1.35, a current ratio of 1.17 and a quick ratio of 0.54. The company has a market cap of $18.02 billion, a P/E ratio of 38.89, a PEG ratio of 1.56 and a beta of 1.63. Burlington Stores, Inc. has a 1 year low of $174.64 and a 1 year high of $298.89.

Burlington Stores (NYSE:BURL) last released its earnings results on Tuesday, November 26th. The company reported $1.55 EPS for the quarter, beating analysts’ consensus estimates of $1.54 by $0.01. The company had revenue of $2.53 billion during the quarter, compared to analysts’ expectations of $2.55 billion. Burlington Stores had a return on equity of 47.52% and a net margin of 4.49%. The firm’s revenue for the quarter was up 10.5% compared to the same quarter last year. During the same quarter last year, the business posted $0.98 EPS. On average, sell-side analysts forecast that Burlington Stores, Inc. will post 7.93 EPS for the current year.

Analyst Ratings Changes

BURL has been the topic of several analyst reports. Robert W. Baird lifted their price objective on Burlington Stores from $315.00 to $330.00 and gave the stock an “outperform” rating in a report on Wednesday, November 27th. Evercore ISI lifted their price target on Burlington Stores from $315.00 to $340.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 27th. Telsey Advisory Group reissued an “outperform” rating and set a $310.00 price objective on shares of Burlington Stores in a research note on Tuesday, November 26th. Barclays cut their target price on shares of Burlington Stores from $327.00 to $317.00 and set an “overweight” rating on the stock in a report on Wednesday, November 27th. Finally, StockNews.com cut shares of Burlington Stores from a “buy” rating to a “hold” rating in a research report on Wednesday, October 23rd. One analyst has rated the stock with a hold rating and fifteen have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price 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.