Callan Family Office LLC Buys Shares of 945 Burlington Stores, Inc. (NYSE:BURL)

Callan Family Office LLC bought a new stake in Burlington Stores, Inc. (NYSE:BURL) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 945 shares of the company’s stock, valued at approximately $269,000.

Several other hedge funds have also recently made changes to their positions in the company. Argonautica Private Wealth Management Inc. raised its stake in shares of Burlington Stores by 1.1% in the fourth quarter. Argonautica Private Wealth Management Inc. now owns 3,728 shares of the company’s stock valued at $1,063,000 after buying an additional 39 shares during the period. IFP Advisors Inc raised its stake in shares of Burlington Stores by 81.6% during the 4th quarter. IFP Advisors Inc now owns 89 shares of the company’s stock valued at $25,000 after purchasing an additional 40 shares during the period. Legacy Capital Wealth Partners LLC raised its stake in shares of Burlington Stores by 4.2% during the 4th quarter. Legacy Capital Wealth Partners LLC now owns 1,051 shares of the company’s stock valued at $300,000 after purchasing an additional 42 shares during the period. MassMutual Private Wealth & Trust FSB raised its stake in shares of Burlington Stores by 36.5% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 172 shares of the company’s stock valued at $49,000 after purchasing an additional 46 shares during the period. Finally, M&T Bank Corp raised its stake in shares of Burlington Stores by 1.5% during the 3rd quarter. M&T Bank Corp now owns 3,089 shares of the company’s stock valued at $813,000 after purchasing an additional 47 shares during the period.

Wall Street Analysts Forecast Growth

BURL has been the topic of a number of analyst reports. Evercore ISI boosted their price objective on Burlington Stores from $315.00 to $340.00 and gave the company an “outperform” rating in a research note on Wednesday, November 27th. Robert W. Baird boosted their price objective on Burlington Stores from $330.00 to $335.00 and gave the company an “outperform” rating in a research note on Friday. Barclays boosted their price objective on Burlington Stores from $317.00 to $329.00 and gave the company an “overweight” rating in a research note on Friday. Telsey Advisory Group reiterated an “outperform” rating and set a $340.00 price objective on shares of Burlington Stores in a research note on Thursday, March 6th. Finally, UBS Group upped their target price on Burlington Stores from $360.00 to $405.00 and gave the stock a “buy” rating in a research note on Friday. One analyst has rated the stock with a hold rating and fifteen have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $323.20.

Insider Activity at Burlington Stores

In related news, CMO Jennifer Vecchio sold 494 shares of the stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $284.95, for a total transaction of $140,765.30. Following the completion of the sale, the chief marketing officer now directly owns 59,437 shares in the company, valued at $16,936,573.15. This represents a 0.82 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.91% of the stock is currently owned by company insiders.

Burlington Stores Price Performance

BURL opened at $232.23 on Tuesday. The stock has a 50-day moving average price of $268.22 and a 200-day moving average price of $269.56. Burlington Stores, Inc. has a 12-month low of $174.64 and a 12-month high of $298.89. The company has a current ratio of 1.17, a quick ratio of 0.54 and a debt-to-equity ratio of 1.35. The stock has a market capitalization of $14.74 billion, a P/E ratio of 31.81, a PEG ratio of 1.11 and a beta of 1.73.

Burlington Stores (NYSE:BURL) last posted its quarterly earnings data on Thursday, March 6th. The company reported $4.07 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $3.28 billion during the quarter, compared to analysts’ expectations of $3.25 billion. Equities analysts predict that Burlington Stores, Inc. will post 7.93 earnings per share for the current fiscal year.

Burlington Stores Company 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.