Axa S.A. Buys 4,182 Shares of Burlington Stores, Inc. (NYSE:BURL)

Axa S.A. increased its stake in Burlington Stores, Inc. (NYSE:BURL) by 96.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 8,529 shares of the company’s stock after acquiring an additional 4,182 shares during the period. Axa S.A.’s holdings in Burlington Stores were worth $2,431,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of BURL. Buckingham Capital Management Inc. increased its stake in shares of Burlington Stores by 159.0% during the fourth quarter. Buckingham Capital Management Inc. now owns 17,419 shares of the company’s stock valued at $4,965,000 after buying an additional 10,693 shares during the period. Allspring Global Investments Holdings LLC raised its stake in Burlington Stores by 7.5% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 378,921 shares of the company’s stock worth $108,292,000 after buying an additional 26,412 shares in the last quarter. Grandeur Peak Global Advisors LLC lifted its holdings in Burlington Stores by 3.0% in the fourth quarter. Grandeur Peak Global Advisors LLC now owns 45,056 shares of the company’s stock worth $12,844,000 after buying an additional 1,305 shares during the period. HB Wealth Management LLC bought a new stake in Burlington Stores during the 4th quarter valued at approximately $265,000. Finally, Principal Financial Group Inc. raised its position in shares of Burlington Stores by 35.3% in the 4th quarter. Principal Financial Group Inc. now owns 227,020 shares of the company’s stock worth $64,714,000 after acquiring an additional 59,173 shares in the last quarter.

Burlington Stores Stock Performance

BURL opened at $248.78 on Friday. The company’s 50 day moving average is $234.89 and its 200 day moving average is $259.73. 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 company has a market cap of $15.67 billion, a price-to-earnings ratio of 34.08, a PEG ratio of 1.11 and a beta of 1.70. Burlington Stores, Inc. has a 12-month low of $181.87 and a 12-month high of $298.89.

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

Insider Buying and Selling

In other Burlington Stores news, COO Travis Marquette sold 190 shares of the stock in a transaction on Monday, May 5th. The stock was sold at an average price of $237.63, for a total value of $45,149.70. Following the completion of the sale, the chief operating officer now owns 22,858 shares in the company, valued at approximately $5,431,746.54. This represents a 0.82 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CMO Jennifer Vecchio sold 4,939 shares of the firm’s stock in a transaction dated 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 represents a 6.59 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.10% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

BURL has been the topic of several recent research reports. Morgan Stanley reduced their price target on Burlington Stores from $297.00 to $269.00 and set an “overweight” rating on the stock in a research note on Tuesday. Wells Fargo & Company cut their price objective on shares of Burlington Stores from $325.00 to $300.00 and set an “overweight” rating on the stock in a report on Wednesday, April 30th. Telsey Advisory Group reissued an “outperform” rating and issued a $340.00 price target on shares of Burlington Stores in a research report on Thursday, March 6th. UBS Group raised their price objective on Burlington Stores from $360.00 to $405.00 and gave the company a “buy” rating in a research report on Friday, March 7th. Finally, Barclays boosted their target price on Burlington Stores from $317.00 to $329.00 and gave the stock an “overweight” rating in a report on Friday, March 7th. One research analyst has rated the stock with a hold rating and fifteen have issued a buy rating to the company’s stock. According to MarketBeat.com, Burlington Stores currently has a consensus rating of “Moderate Buy” and an average price target of $319.60.

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.