Primecap Management Co. CA Sells 2,100 Shares of Burlington Stores, Inc. (NYSE:BURL)

Primecap Management Co. CA lessened its position in Burlington Stores, Inc. (NYSE:BURL) by 0.3% in the fourth quarter, HoldingsChannel.com reports. The fund owned 620,100 shares of the company’s stock after selling 2,100 shares during the period. Primecap Management Co. CA’s holdings in Burlington Stores were worth $120,597,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently modified their holdings of the company. Pacer Advisors Inc. bought a new position in shares of Burlington Stores in the 4th quarter valued at about $1,875,000. Amalgamated Bank boosted its holdings in shares of Burlington Stores by 416.8% during the 4th quarter. Amalgamated Bank now owns 37,487 shares of the company’s stock worth $7,290,000 after buying an additional 30,233 shares during the period. Louisiana State Employees Retirement System bought a new stake in shares of Burlington Stores during the 4th quarter worth about $3,540,000. State of Alaska Department of Revenue boosted its holdings in shares of Burlington Stores by 77.8% during the 4th quarter. State of Alaska Department of Revenue now owns 16,481 shares of the company’s stock worth $3,204,000 after buying an additional 7,210 shares during the period. Finally, Clearbridge Investments LLC boosted its holdings in shares of Burlington Stores by 19.3% during the 4th quarter. Clearbridge Investments LLC now owns 631,148 shares of the company’s stock worth $122,746,000 after buying an additional 101,950 shares during the period.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on BURL. StockNews.com raised shares of Burlington Stores from a “hold” rating to a “buy” rating in a report on Saturday, March 9th. Telsey Advisory Group reaffirmed an “outperform” rating and set a $250.00 target price on shares of Burlington Stores in a report on Thursday. TD Cowen reduced their target price on shares of Burlington Stores from $230.00 to $209.00 and set a “hold” rating for the company in a report on Friday, May 17th. UBS Group raised shares of Burlington Stores from a “sell” rating to a “neutral” rating and lifted their target price for the stock from $126.00 to $212.00 in a report on Thursday, May 2nd. Finally, Morgan Stanley cut their price objective on shares of Burlington Stores from $233.00 to $218.00 and set an “overweight” rating for the company in a report on Monday, May 6th. Three equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, Burlington Stores currently has an average rating of “Moderate Buy” and an average target price of $220.14.

Insider Activity

In other news, CMO Jennifer Vecchio sold 5,025 shares of the business’s stock in a transaction that occurred on Wednesday, March 20th. The shares were sold at an average price of $225.24, for a total value of $1,131,831.00. Following the completion of the transaction, the chief marketing officer now directly owns 61,115 shares in the company, valued at approximately $13,765,542.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.91% of the company’s stock.

Burlington Stores Price Performance

Shares of NYSE:BURL traded up $13.73 during midday trading on Friday, hitting $200.37. The stock had a trading volume of 1,765,162 shares, compared to its average volume of 947,505. The company’s 50-day moving average price is $198.11 and its 200-day moving average price is $191.12. The company has a market capitalization of $12.80 billion, a P/E ratio of 38.17, a price-to-earnings-growth ratio of 1.04 and a beta of 1.54. The company has a quick ratio of 0.61, a current ratio of 1.15 and a debt-to-equity ratio of 1.40. Burlington Stores, Inc. has a fifty-two week low of $115.66 and a fifty-two week high of $232.69.

Burlington Stores (NYSE:BURL) last issued its earnings results on Thursday, March 7th. The company reported $3.30 EPS for the quarter, beating the consensus estimate of $3.28 by $0.02. The company had revenue of $3.13 billion during the quarter, compared to analysts’ expectations of $3.07 billion. Burlington Stores had a net margin of 3.49% and a return on equity of 45.28%. The business’s revenue for the quarter was up 13.9% compared to the same quarter last year. During the same period in the previous year, the company earned $2.96 EPS. As a group, equities research analysts predict that Burlington Stores, Inc. will post 7.34 EPS 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.