Lazard Asset Management LLC Cuts Stock Holdings in Burlington Stores, Inc. (NYSE:BURL)

Lazard Asset Management LLC trimmed its stake in shares of Burlington Stores, Inc. (NYSE:BURL) by 73.8% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 4,196 shares of the company’s stock after selling 11,823 shares during the period. Lazard Asset Management LLC’s holdings in Burlington Stores were worth $1,196,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. IFP Advisors Inc grew its stake in Burlington Stores by 81.6% during the fourth quarter. IFP Advisors Inc now owns 89 shares of the company’s stock valued at $25,000 after acquiring an additional 40 shares in the last quarter. Stonebridge Financial Group LLC purchased a new position in shares of Burlington Stores in the 4th quarter worth $31,000. Farther Finance Advisors LLC grew its stake in shares of Burlington Stores by 104.5% in the 4th quarter. Farther Finance Advisors LLC now owns 135 shares of the company’s stock worth $38,000 after buying an additional 69 shares in the last quarter. Parkside Financial Bank & Trust grew its stake in shares of Burlington Stores by 157.1% in the 4th quarter. Parkside Financial Bank & Trust now owns 144 shares of the company’s stock worth $41,000 after buying an additional 88 shares in the last quarter. Finally, MassMutual Private Wealth & Trust FSB grew its stake in shares of Burlington Stores by 36.5% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 172 shares of the company’s stock worth $49,000 after buying an additional 46 shares in the last quarter.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the stock. Morgan Stanley dropped their price objective on shares of Burlington Stores from $297.00 to $269.00 and set an “overweight” rating for the company in a research note on Tuesday, May 6th. Barclays dropped their price objective on shares of Burlington Stores from $329.00 to $254.00 and set an “overweight” rating for the company in a research note on Monday, May 12th. Robert W. Baird lifted their price objective on shares of Burlington Stores from $330.00 to $335.00 and gave the stock an “outperform” rating in a research note on Friday, March 7th. Citigroup dropped their price objective on shares of Burlington Stores from $344.00 to $340.00 and set a “buy” rating for the company in a research note on Friday, March 7th. Finally, Telsey Advisory Group restated an “outperform” rating and issued a $340.00 target price on shares of Burlington Stores in a report on Thursday, March 6th. One investment analyst has rated the stock with a hold rating and fifteen have issued a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $317.27.

Burlington Stores Price Performance

Shares of BURL stock opened at $269.82 on Tuesday. The company has a market capitalization of $17.00 billion, a P/E ratio of 36.96, a P/E/G ratio of 1.11 and a beta of 1.70. The company’s 50-day simple moving average is $237.94 and its two-hundred day simple moving average is $260.27. Burlington Stores, Inc. has a one year low of $181.87 and a one year high of $298.89. The company has a debt-to-equity ratio of 1.35, a current ratio of 1.17 and a quick ratio of 0.54.

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

Insider Transactions at Burlington Stores

In other Burlington Stores news, 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 transaction of $1,185,063.66. Following the transaction, the chief marketing officer now owns 70,006 shares of the company’s stock, valued at approximately $16,797,239.64. This trade represents a 6.59% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, COO Travis Marquette sold 190 shares of the business’s stock in a transaction dated Monday, May 5th. The shares were sold at an average price of $237.63, for a total transaction of $45,149.70. Following the completion of the sale, the chief operating officer now owns 22,858 shares of the company’s stock, valued at approximately $5,431,746.54. This represents a 0.82% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 1.10% of the company’s stock.

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.