Clearbridge Investments LLC raised its position in Burlington Stores Inc (NYSE:BURL) by 23.0% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 387,027 shares of the company’s stock after buying an additional 72,410 shares during the period. Clearbridge Investments LLC owned 0.57% of Burlington Stores worth $47,616,000 as of its most recent filing with the SEC.
A number of other large investors have also recently bought and sold shares of BURL. Focused Wealth Management Inc purchased a new stake in Burlington Stores in the 4th quarter valued at about $101,000. YorkBridge Wealth Partners LLC purchased a new stake in Burlington Stores in the 4th quarter valued at about $106,000. FNY Managed Accounts LLC purchased a new stake in Burlington Stores in the 3rd quarter valued at about $114,000. Daiwa Securities Group Inc. purchased a new stake in Burlington Stores in the 3rd quarter valued at about $143,000. Finally, American International Group Inc. bought a new position in shares of Burlington Stores during the 4th quarter valued at approximately $191,000.
Burlington Stores Inc (NYSE:BURL) opened at $127.09 on Wednesday. The company has a market cap of $8,567.84, a P/E ratio of 29.06, a P/E/G ratio of 1.17 and a beta of 0.48. Burlington Stores Inc has a fifty-two week low of $79.07 and a fifty-two week high of $128.93. The company has a quick ratio of 0.22, a current ratio of 1.02 and a debt-to-equity ratio of -11.71.
In other Burlington Stores news, insider Joyce Manning Magrini sold 2,400 shares of the firm’s stock in a transaction on Tuesday, January 2nd. The shares were sold at an average price of $122.98, for a total value of $295,152.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Thomas Kingsbury sold 20,000 shares of the firm’s stock in a transaction on Monday, February 12th. The shares were sold at an average price of $117.91, for a total transaction of $2,358,200.00. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 44,800 shares of company stock valued at $5,377,336. 2.60% of the stock is owned by insiders.
BURL has been the subject of a number of research reports. Credit Suisse Group initiated coverage on shares of Burlington Stores in a research report on Monday. They set an “outperform” rating and a $146.00 target price for the company. Zacks Investment Research raised shares of Burlington Stores from a “hold” rating to a “buy” rating and set a $114.00 target price for the company in a research report on Monday, November 27th. Buckingham Research reissued a “buy” rating and set a $150.00 target price (up from $143.00) on shares of Burlington Stores in a research report on Friday, March 9th. BMO Capital Markets set a $120.00 target price on shares of Burlington Stores and gave the company a “buy” rating in a research report on Wednesday, November 22nd. Finally, Wolfe Research reissued an “outperform” rating and set a $146.00 target price (up from $139.00) on shares of Burlington Stores in a research report on Friday, March 9th. One equities research analyst has rated the stock with a hold rating and eighteen have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $129.43.
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Burlington Stores Company Profile
Burlington Stores, Inc is a retailer of branded apparel. As of January 28, 2017, the Company operated 592 retail stores, inclusive of an Internet store, in 45 states and Puerto Rico. Its product categories include coats, women, men, juniors, girls, boys, shoes, handbags and accessories, beauty and fragrance, home and toys.
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