Burlington Stores, Inc. (NYSE:BURL) Shares Sold by Trillium Asset Management LLC

Trillium Asset Management LLC reduced its position in Burlington Stores, Inc. (NYSE:BURL) by 4.0% in the 4th quarter, Holdings Channel.com reports. The fund owned 41,648 shares of the company’s stock after selling 1,731 shares during the quarter. Trillium Asset Management LLC’s holdings in Burlington Stores were worth $11,872,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of the company. Geode Capital Management LLC boosted its holdings in shares of Burlington Stores by 1.7% in the third quarter. Geode Capital Management LLC now owns 1,074,960 shares of the company’s stock valued at $282,582,000 after acquiring an additional 18,160 shares during the period. Massachusetts Financial Services Co. MA boosted its holdings in shares of Burlington Stores by 1,048.8% in the third quarter. Massachusetts Financial Services Co. MA now owns 730,524 shares of the company’s stock valued at $192,478,000 after acquiring an additional 666,934 shares during the period. Jennison Associates LLC boosted its holdings in shares of Burlington Stores by 2.4% in the third quarter. Jennison Associates LLC now owns 510,074 shares of the company’s stock valued at $134,394,000 after acquiring an additional 12,143 shares during the period. Artemis Investment Management LLP boosted its holdings in shares of Burlington Stores by 6.6% in the fourth quarter. Artemis Investment Management LLP now owns 396,938 shares of the company’s stock valued at $113,151,000 after acquiring an additional 24,576 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its holdings in shares of Burlington Stores by 0.3% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 395,950 shares of the company’s stock valued at $112,870,000 after acquiring an additional 1,368 shares during the period.

Analyst Ratings Changes

BURL has been the subject of several recent research reports. UBS Group increased their price target on Burlington Stores from $360.00 to $405.00 and gave the stock a “buy” rating in a report on Friday, March 7th. Telsey Advisory Group reaffirmed an “outperform” rating and set a $340.00 price target on shares of Burlington Stores in a report on Thursday, March 6th. Evercore ISI increased their price target on Burlington Stores from $315.00 to $340.00 and gave the stock an “outperform” rating in a report on Wednesday, November 27th. Morgan Stanley increased their price target on Burlington Stores from $296.00 to $297.00 and gave the stock an “overweight” rating in a report on Friday, March 7th. Finally, Citigroup decreased their price target on Burlington Stores from $344.00 to $340.00 and set a “buy” rating for the company in a report on Friday, March 7th. One analyst has rated the stock with a hold rating and fifteen have issued a buy rating to the company’s stock. According to MarketBeat.com, Burlington Stores presently has a consensus rating of “Moderate Buy” and a consensus target price of $323.20.

Insider Activity

In other news, CMO Jennifer Vecchio sold 494 shares of the firm’s stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $284.95, for a total value of $140,765.30. Following the completion of the transaction, the chief marketing officer now owns 59,437 shares in the company, valued at $16,936,573.15. This trade represents a 0.82 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 0.91% of the company’s stock.

Burlington Stores Trading Down 0.1 %

Shares of BURL stock opened at $233.91 on Wednesday. Burlington Stores, Inc. has a fifty-two week low of $174.64 and a fifty-two week high of $298.89. The stock has a market cap of $14.85 billion, a P/E ratio of 32.04, a P/E/G ratio of 1.11 and a beta of 1.73. The business has a fifty day simple moving average of $260.94 and a 200-day simple moving average of $267.67. 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 announced its quarterly earnings results on Thursday, March 6th. The company reported $4.07 earnings per share for the quarter, beating analysts’ consensus estimates of $3.75 by $0.32. Burlington Stores had a return on equity of 47.52% and a net margin of 4.49%. The business had revenue of $3.28 billion during the quarter, compared to analysts’ expectations of $3.25 billion. On average, analysts forecast that Burlington Stores, Inc. will post 7.93 earnings per share for the current fiscal year.

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.