Everence Capital Management Inc. Takes Position in Burlington Stores, Inc. (NYSE:BURL)

Everence Capital Management Inc. acquired a new stake in shares of Burlington Stores, Inc. (NYSE:BURL) in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor acquired 1,360 shares of the company’s stock, valued at approximately $388,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. RPg Family Wealth Advisory LLC acquired a new stake in Burlington Stores in the 3rd quarter worth approximately $26,000. Brooklyn Investment Group purchased a new position in shares of Burlington Stores in the third quarter worth $33,000. UMB Bank n.a. lifted its stake in shares of Burlington Stores by 391.7% during the third quarter. UMB Bank n.a. now owns 177 shares of the company’s stock worth $47,000 after buying an additional 141 shares during the period. AM Squared Ltd purchased a new stake in shares of Burlington Stores during the third quarter valued at $53,000. Finally, Wilmington Savings Fund Society FSB purchased a new stake in shares of Burlington Stores during the third quarter valued at $57,000.

Insider Activity at Burlington Stores

In other Burlington Stores news, CMO Jennifer Vecchio sold 494 shares of the stock in a transaction 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 $16,936,573.15. This trade represents a 0.82 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.91% of the stock is owned by corporate insiders.

Burlington Stores Trading Up 0.3 %

Shares of Burlington Stores stock opened at $289.98 on Tuesday. Burlington Stores, Inc. has a fifty-two week low of $174.64 and a fifty-two week high of $298.89. The company has a debt-to-equity ratio of 1.35, a quick ratio of 0.54 and a current ratio of 1.17. The company has a market cap of $18.41 billion, a P/E ratio of 39.72, a price-to-earnings-growth ratio of 1.58 and a beta of 1.63. The firm has a 50-day simple moving average of $278.44 and a two-hundred day simple moving average of $264.29.

Burlington Stores (NYSE:BURL) last issued its quarterly earnings results on Tuesday, November 26th. The company reported $1.55 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.54 by $0.01. The company had revenue of $2.53 billion for the quarter, compared to the consensus estimate of $2.55 billion. Burlington Stores had a return on equity of 47.52% and a net margin of 4.49%. Burlington Stores’s revenue for the quarter was up 10.5% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.98 earnings per share. As a group, equities analysts predict that Burlington Stores, Inc. will post 7.93 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts have commented on BURL shares. Morgan Stanley lifted their price target on Burlington Stores from $285.00 to $305.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 27th. Barclays decreased their target price on Burlington Stores from $327.00 to $317.00 and set an “overweight” rating for the company in a report on Wednesday, November 27th. UBS Group upped their target price on Burlington Stores from $270.00 to $280.00 and gave the company a “neutral” rating in a research report on Thursday, November 14th. Citigroup raised their price target on shares of Burlington Stores from $313.00 to $344.00 and gave the stock a “buy” rating in a research report on Wednesday, November 27th. Finally, Telsey Advisory Group reaffirmed an “outperform” rating and issued a $310.00 price objective on shares of Burlington Stores in a report on Tuesday, November 26th. Two research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $308.00.

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.