Tributary Capital Management LLC Boosts Stake in Burlington Stores, Inc. (NYSE:BURL)

Tributary Capital Management LLC increased its position in Burlington Stores, Inc. (NYSE:BURL) by 46.7% in the fourth quarter, HoldingsChannel reports. The firm owned 7,320 shares of the company’s stock after purchasing an additional 2,329 shares during the quarter. Tributary Capital Management LLC’s holdings in Burlington Stores were worth $2,087,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. RPg Family Wealth Advisory LLC bought a new position in Burlington Stores in the third quarter worth $26,000. Fortitude Family Office LLC grew its position in shares of Burlington Stores by 148.6% in the 4th quarter. Fortitude Family Office LLC now owns 92 shares of the company’s stock worth $26,000 after buying an additional 55 shares during the period. Brooklyn Investment Group bought a new position in shares of Burlington Stores in the 3rd quarter worth about $33,000. UMB Bank n.a. lifted its position in Burlington Stores by 391.7% during the 3rd quarter. UMB Bank n.a. now owns 177 shares of the company’s stock valued at $47,000 after acquiring an additional 141 shares during the period. Finally, MassMutual Private Wealth & Trust FSB boosted its stake in Burlington Stores by 36.5% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 172 shares of the company’s stock worth $49,000 after acquiring an additional 46 shares in the last quarter.

Burlington Stores Stock Up 0.0 %

Shares of Burlington Stores stock opened at $291.94 on Friday. 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, Inc. has a twelve month low of $174.64 and a twelve month high of $298.89. The company has a market cap of $18.53 billion, a price-to-earnings ratio of 39.99, a price-to-earnings-growth ratio of 1.55 and a beta of 1.63. The company’s 50 day moving average is $286.79 and its 200 day moving average is $268.78.

Burlington Stores (NYSE:BURL) last released its quarterly earnings results on Tuesday, November 26th. The company reported $1.55 earnings per share for the quarter, beating the consensus estimate of $1.54 by $0.01. Burlington Stores had a return on equity of 47.52% and a net margin of 4.49%. The firm had revenue of $2.53 billion for the quarter, compared to analysts’ expectations of $2.55 billion. During the same period in the prior year, the firm earned $0.98 EPS. The company’s revenue was up 10.5% compared to the same quarter last year. Research analysts anticipate that Burlington Stores, Inc. will post 7.93 EPS for the current year.

Wall Street Analyst Weigh In

BURL has been the subject of a number of analyst reports. Robert W. Baird raised their target price on shares of Burlington Stores from $315.00 to $330.00 and gave the company an “outperform” rating in a research note on Wednesday, November 27th. Telsey Advisory Group reaffirmed an “outperform” rating and set a $310.00 price objective on shares of Burlington Stores in a research report on Tuesday, November 26th. StockNews.com downgraded Burlington Stores from a “buy” rating to a “hold” rating in a report on Wednesday, October 23rd. TD Cowen raised their price target on Burlington Stores from $334.00 to $339.00 and gave the company a “buy” rating in a report on Thursday, December 12th. Finally, Morgan Stanley upped their price target on shares of Burlington Stores from $285.00 to $305.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 27th. One analyst has rated the stock with a hold rating and fifteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $317.87.

Insiders Place Their Bets

In other Burlington Stores news, CMO Jennifer Vecchio sold 494 shares of the stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $284.95, for a total value of $140,765.30. Following the transaction, the chief marketing officer now directly owns 59,437 shares in the company, valued at approximately $16,936,573.15. This trade represents a 0.82 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.91% of the company’s stock.

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.