Keybank National Association OH reduced its position in shares of Burlington Stores, Inc. (NYSE:BURL – Get Rating) by 13.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,735 shares of the company’s stock after selling 271 shares during the period. Keybank National Association OH’s holdings in Burlington Stores were worth $352,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in BURL. Whittier Trust Co. of Nevada Inc. bought a new position in shares of Burlington Stores during the 3rd quarter worth approximately $26,000. Salem Investment Counselors Inc. lifted its holdings in Burlington Stores by 58.2% during the second quarter. Salem Investment Counselors Inc. now owns 193 shares of the company’s stock worth $26,000 after acquiring an additional 71 shares during the period. Standard Family Office LLC purchased a new position in Burlington Stores in the third quarter worth $27,000. Concord Wealth Partners bought a new position in Burlington Stores in the 4th quarter valued at $40,000. Finally, KB Financial Partners LLC increased its position in shares of Burlington Stores by 68.8% during the 1st quarter. KB Financial Partners LLC now owns 238 shares of the company’s stock valued at $43,000 after purchasing an additional 97 shares during the last quarter.
Burlington Stores Price Performance
NYSE:BURL opened at $187.84 on Friday. Burlington Stores, Inc. has a 52-week low of $106.47 and a 52-week high of $239.94. The stock has a fifty day moving average of $208.50 and a 200 day moving average of $190.10. The company has a debt-to-equity ratio of 1.84, a quick ratio of 0.58 and a current ratio of 1.19. The firm has a market capitalization of $12.20 billion, a price-to-earnings ratio of 53.52, a P/E/G ratio of 0.93 and a beta of 1.10.
Insider Transactions at Burlington Stores
In related news, CMO Jennifer Vecchio sold 47,153 shares of the company’s stock in a transaction on Friday, March 17th. The shares were sold at an average price of $209.46, for a total value of $9,876,667.38. Following the completion of the transaction, the chief marketing officer now directly owns 55,173 shares in the company, valued at $11,556,536.58. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Burlington Stores news, Director William P. Mcnamara sold 500 shares of Burlington Stores stock in a transaction that occurred on Tuesday, March 21st. The shares were sold at an average price of $212.26, for a total transaction of $106,130.00. Following the transaction, the director now directly owns 8,154 shares of the company’s stock, valued at $1,730,768.04. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CMO Jennifer Vecchio sold 47,153 shares of the company’s stock in a transaction on Friday, March 17th. The shares were sold at an average price of $209.46, for a total transaction of $9,876,667.38. Following the completion of the sale, the chief marketing officer now directly owns 55,173 shares of the company’s stock, valued at approximately $11,556,536.58. The disclosure for this sale can be found here. Insiders own 0.71% of the company’s stock.
Analyst Upgrades and Downgrades
Several equities analysts recently weighed in on BURL shares. Telsey Advisory Group restated an “outperform” rating and set a $250.00 price target on shares of Burlington Stores in a research report on Friday, March 3rd. Wells Fargo & Company lifted their price target on shares of Burlington Stores from $225.00 to $275.00 and gave the stock an “overweight” rating in a report on Tuesday, February 21st. Barclays increased their price objective on Burlington Stores from $230.00 to $281.00 and gave the company an “overweight” rating in a report on Friday, January 13th. StockNews.com started coverage on Burlington Stores in a research report on Thursday, March 16th. They set a “hold” rating on the stock. Finally, Morgan Stanley lifted their price objective on Burlington Stores from $219.00 to $233.00 in a report on Friday, March 3rd. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and fourteen have assigned a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $232.07.
Burlington Stores Profile
Burlington Stores, Inc engages in the retail of off-price apparel and home products. It offers women’s ready-to-wear apparel, accessories, footwear, menswear, youth apparel, baby, coats, beauty, toys, and gifts. It operates through the following segments: Ladies Apparel, Accessories and Shoes, Home, Mens Apparel, Kids Apparel and Baby, and Outerwear.
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