Nebula Research & Development LLC Takes $2.67 Million Position in Burlington Stores, Inc. (NYSE:BURL)

Nebula Research & Development LLC bought a new position in Burlington Stores, Inc. (NYSE:BURL) during the fourth quarter, Holdings Channel reports. The firm bought 9,379 shares of the company’s stock, valued at approximately $2,674,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of BURL. IFP Advisors Inc boosted its position in Burlington Stores by 81.6% in the 4th quarter. IFP Advisors Inc now owns 89 shares of the company’s stock worth $25,000 after purchasing an additional 40 shares in the last quarter. Fortitude Family Office LLC boosted its holdings in Burlington Stores by 148.6% during the fourth quarter. Fortitude Family Office LLC now owns 92 shares of the company’s stock worth $26,000 after buying an additional 55 shares in the last quarter. Stonebridge Financial Group LLC acquired a new stake in Burlington Stores during the fourth quarter valued at $31,000. Farther Finance Advisors LLC increased its holdings in Burlington Stores by 104.5% in the fourth quarter. Farther Finance Advisors LLC now owns 135 shares of the company’s stock valued at $38,000 after buying an additional 69 shares in the last quarter. Finally, Parkside Financial Bank & Trust raised its position in shares of Burlington Stores by 157.1% in the fourth quarter. Parkside Financial Bank & Trust now owns 144 shares of the company’s stock worth $41,000 after acquiring an additional 88 shares during the period.

Insider Activity

In other news, CMO Jennifer Vecchio sold 4,939 shares of the firm’s stock in a transaction on Thursday, March 20th. The shares were sold at an average price of $239.94, for a total value of $1,185,063.66. Following the sale, the chief marketing officer now directly owns 70,006 shares in the company, valued at approximately $16,797,239.64. This trade represents a 6.59 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 1.10% of the company’s stock.

Burlington Stores Trading Up 1.4 %

Shares of NYSE BURL opened at $221.00 on Friday. 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 $13.92 billion, a PE ratio of 30.27, a PEG ratio of 1.11 and a beta of 1.65. The stock has a fifty day simple moving average of $236.59 and a 200-day simple moving average of $261.18. Burlington Stores, Inc. has a twelve month low of $174.64 and a twelve month high of $298.89.

Burlington Stores (NYSE:BURL) last announced its quarterly earnings data on Thursday, March 6th. The company reported $4.07 earnings per share for the quarter, beating analysts’ consensus estimates of $3.75 by $0.32. Burlington Stores had a net margin of 4.49% and a return on equity of 47.52%. The firm had revenue of $3.28 billion during the quarter, compared to analysts’ expectations of $3.25 billion. On average, equities analysts forecast that Burlington Stores, Inc. will post 7.93 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on BURL shares. Citigroup lowered their price target on Burlington Stores from $344.00 to $340.00 and set a “buy” rating on the stock in a research report on Friday, March 7th. Robert W. Baird increased their target price on Burlington Stores from $330.00 to $335.00 and gave the company an “outperform” rating in a report on Friday, March 7th. Telsey Advisory Group reissued an “outperform” rating and issued a $340.00 price target on shares of Burlington Stores in a research note on Thursday, March 6th. JPMorgan Chase & Co. cut their price target on Burlington Stores from $336.00 to $287.00 and set an “overweight” rating for the company in a report on Monday, April 14th. Finally, Morgan Stanley boosted their price objective on Burlington Stores from $296.00 to $297.00 and gave the stock an “overweight” rating in a research note on Friday, March 7th. One research analyst has rated the stock with a hold rating and fifteen have given a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $323.13.

Burlington Stores 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.