Charles Schwab Investment Management Inc. Boosts Stock Position in Burlington Stores, Inc. (NYSE:BURL)

Charles Schwab Investment Management Inc. grew its holdings in shares of Burlington Stores, Inc. (NYSE:BURL) by 0.3% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 395,950 shares of the company’s stock after purchasing an additional 1,368 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 0.62% of Burlington Stores worth $112,870,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Massachusetts Financial Services Co. MA increased its holdings in Burlington Stores by 1,048.8% during the third quarter. Massachusetts Financial Services Co. MA now owns 730,524 shares of the company’s stock worth $192,478,000 after buying an additional 666,934 shares during the last quarter. Proficio Capital Partners LLC purchased a new stake in shares of Burlington Stores during the 4th quarter worth approximately $20,965,000. Principal Financial Group Inc. raised its holdings in shares of Burlington Stores by 35.3% in the 4th quarter. Principal Financial Group Inc. now owns 227,020 shares of the company’s stock worth $64,714,000 after purchasing an additional 59,173 shares during the period. KBC Group NV lifted its stake in Burlington Stores by 317.6% in the third quarter. KBC Group NV now owns 37,563 shares of the company’s stock valued at $9,897,000 after purchasing an additional 28,567 shares during the last quarter. Finally, Point72 Hong Kong Ltd bought a new position in Burlington Stores during the third quarter valued at $7,462,000.

Burlington Stores Stock Performance

NYSE:BURL opened at $239.98 on Friday. The stock has a market cap of $15.23 billion, a P/E ratio of 32.87, a PEG ratio of 1.11 and a beta of 1.73. 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 business’s 50-day moving average price is $268.22 and its two-hundred day moving average price is $269.58. Burlington Stores, Inc. has a twelve month low of $174.64 and a twelve month high of $298.89.

Burlington Stores (NYSE:BURL) last announced its 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 net margin of 4.49% and a return on equity of 47.52%. The business had revenue of $3.28 billion for the quarter, compared to the consensus estimate of $3.25 billion. As a group, equities analysts predict that Burlington Stores, Inc. will post 7.93 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the company. Barclays upped their price target on Burlington Stores from $317.00 to $329.00 and gave the company an “overweight” rating in a research report on Friday. UBS Group upped their price objective on shares of Burlington Stores from $360.00 to $405.00 and gave the company a “buy” rating in a report on Friday. Robert W. Baird lifted their target price on shares of Burlington Stores from $330.00 to $335.00 and gave the stock an “outperform” rating in a research note on Friday. Citigroup dropped their price target on shares of Burlington Stores from $344.00 to $340.00 and set a “buy” rating on the stock in a research note on Friday. Finally, TD Cowen lifted their price objective on shares of Burlington Stores from $334.00 to $339.00 and gave the company a “buy” rating in a research note on Thursday, December 12th. One analyst has rated the stock with a hold rating and fifteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Burlington Stores has a consensus rating of “Moderate Buy” and a consensus price target of $323.20.

Insider Transactions at Burlington Stores

In other Burlington Stores news, CMO Jennifer Vecchio sold 494 shares of Burlington Stores stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $284.95, for a total transaction of $140,765.30. Following the transaction, the chief marketing officer now directly owns 59,437 shares of the company’s stock, 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 SEC, which can be accessed through this hyperlink. 0.91% of the stock is currently owned by insiders.

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.