Mount Lucas Management LP Sells 395 Shares of Burlington Stores, Inc. (NYSE:BURL)

Mount Lucas Management LP lowered its position in Burlington Stores, Inc. (NYSE:BURL) by 17.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,871 shares of the company’s stock after selling 395 shares during the period. Mount Lucas Management LP’s holdings in Burlington Stores were worth $533,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Janney Montgomery Scott LLC increased its holdings in Burlington Stores by 90.0% during the 3rd quarter. Janney Montgomery Scott LLC now owns 4,482 shares of the company’s stock worth $1,181,000 after purchasing an additional 2,123 shares in the last quarter. Assetmark Inc. increased its holdings in Burlington Stores by 3,950.0% during the 3rd quarter. Assetmark Inc. now owns 648 shares of the company’s stock worth $171,000 after purchasing an additional 632 shares in the last quarter. Sheets Smith Wealth Management bought a new position in Burlington Stores during the 3rd quarter worth about $261,000. Crossmark Global Holdings Inc. increased its holdings in Burlington Stores by 13.9% during the 3rd quarter. Crossmark Global Holdings Inc. now owns 4,460 shares of the company’s stock worth $1,176,000 after purchasing an additional 545 shares in the last quarter. Finally, Buckingham Capital Management Inc. bought a new position in Burlington Stores during the 3rd quarter worth about $1,772,000.

Insider Transactions at Burlington Stores

In other news, CMO Jennifer Vecchio sold 493 shares of the firm’s stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $275.75, for a total transaction of $135,944.75. Following the transaction, the chief marketing officer now directly owns 58,944 shares of the company’s stock, valued at approximately $16,253,808. This trade represents a 0.83 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.91% of the company’s stock.

Analysts Set New Price Targets

BURL has been the subject of a number of research reports. Evercore ISI increased their target price on Burlington Stores from $315.00 to $340.00 and gave the stock an “outperform” rating in a report on Wednesday, November 27th. Barclays raised their price objective on Burlington Stores from $317.00 to $329.00 and gave the company an “overweight” rating in a report on Friday. Morgan Stanley raised their price objective on Burlington Stores from $296.00 to $297.00 and gave the company an “overweight” rating in a report on Friday. TD Cowen raised their price objective on Burlington Stores from $334.00 to $339.00 and gave the company a “buy” rating in a report on Thursday, December 12th. Finally, UBS Group raised their price objective on Burlington Stores from $360.00 to $405.00 and gave the company a “buy” rating in a report on Friday. One research analyst has rated the stock with a hold rating and fifteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Burlington Stores currently has a consensus rating of “Moderate Buy” and an average price target of $323.20.

Burlington Stores Trading Down 6.9 %

Shares of BURL stock opened at $239.98 on Monday. The firm has a 50 day moving average price of $268.22 and a two-hundred day moving average price of $269.56. The company has a quick ratio of 0.54, a current ratio of 1.17 and a debt-to-equity ratio of 1.35. The company has a market capitalization of $15.23 billion, a PE ratio of 32.87, a price-to-earnings-growth ratio of 1.11 and a beta of 1.73. Burlington Stores, Inc. has a 12-month low of $174.64 and a 12-month high of $298.89.

Burlington Stores (NYSE:BURL) last issued its quarterly earnings data on Thursday, March 6th. The company reported $4.07 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.75 by $0.32. The firm had revenue of $3.28 billion during the quarter, compared to the consensus estimate of $3.25 billion. Burlington Stores had a net margin of 4.49% and a return on equity of 47.52%. As a group, analysts predict that Burlington Stores, Inc. will post 7.93 earnings per share for the current year.

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.