Westfield Capital Management Co. LP raised its holdings in Burlington Stores, Inc. (NYSE:BURL – Free Report) by 46.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 302,307 shares of the company’s stock after buying an additional 96,412 shares during the quarter. Westfield Capital Management Co. LP’s holdings in Burlington Stores were worth $87,322,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Stone House Investment Management LLC bought a new stake in Burlington Stores in the 4th quarter valued at $25,000. JPL Wealth Management LLC acquired a new position in Burlington Stores during the third quarter worth $28,000. Harbour Investments Inc. raised its stake in Burlington Stores by 44.7% during the fourth quarter. Harbour Investments Inc. now owns 110 shares of the company’s stock worth $32,000 after acquiring an additional 34 shares in the last quarter. Larson Financial Group LLC raised its stake in Burlington Stores by 180.0% during the fourth quarter. Larson Financial Group LLC now owns 126 shares of the company’s stock worth $36,000 after acquiring an additional 81 shares in the last quarter. Finally, Geneos Wealth Management Inc. raised its stake in Burlington Stores by 235.4% during the second quarter. Geneos Wealth Management Inc. now owns 161 shares of the company’s stock worth $37,000 after acquiring an additional 113 shares in the last quarter.
Burlington Stores Price Performance
Shares of BURL stock opened at $321.68 on Friday. The stock’s fifty day moving average is $320.71 and its 200-day moving average is $302.59. The company has a debt-to-equity ratio of 1.03, a quick ratio of 0.49 and a current ratio of 1.16. The stock has a market capitalization of $20.25 billion, a PE ratio of 33.06, a PEG ratio of 1.77 and a beta of 1.46. Burlington Stores, Inc. has a 52 week low of $218.52 and a 52 week high of $351.85.
Analyst Ratings Changes
Several research firms have issued reports on BURL. Weiss Ratings upgraded Burlington Stores from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, March 23rd. Wall Street Zen upgraded Burlington Stores from a “hold” rating to a “buy” rating in a research note on Saturday, May 30th. Truist Financial increased their price objective on Burlington Stores from $305.00 to $310.00 and gave the stock a “hold” rating in a research note on Thursday, May 28th. Telsey Advisory Group reiterated an “outperform” rating and set a $365.00 price objective on shares of Burlington Stores in a research note on Tuesday, March 31st. Finally, UBS Group reiterated a “buy” rating and set a $435.00 price objective on shares of Burlington Stores in a research note on Friday, May 29th. Fifteen analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $353.56.
Read Our Latest Analysis on BURL
Insider Activity at Burlington Stores
In other news, COO Travis Marquette sold 3,759 shares of the stock in a transaction on Tuesday, March 24th. The stock was sold at an average price of $327.75, for a total transaction of $1,232,012.25. Following the sale, the chief operating officer owned 26,350 shares in the company, valued at approximately $8,636,212.50. This represents a 12.48% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 1.30% of the company’s stock.
Burlington Stores Company Profile
Burlington Stores, Inc is an American off-price retailer that sells apparel and home goods at discounted prices. The company’s merchandise assortment includes clothing for women, men and children, plus baby products, footwear, accessories, beauty items, toys and home décor. Burlington’s merchandising strategy focuses on offering branded and private-label goods at lower prices than traditional department stores by sourcing excess inventory, closeouts and opportunistic buys from manufacturers and other retailers.
The business traces its roots to the Burlington Coat Factory name established in the early 1970s and has since evolved into a broader off-price retailer that carries a wide range of seasonal and everyday merchandise.
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