Geneva Capital Management LLC Sells 2,056 Shares of Burlington Stores, Inc. (NYSE:BURL)

Geneva Capital Management LLC decreased its holdings in shares of Burlington Stores, Inc. (NYSE:BURL) by 1.8% in the fourth quarter, Holdings Channel.com reports. The firm owned 114,074 shares of the company’s stock after selling 2,056 shares during the period. Geneva Capital Management LLC’s holdings in Burlington Stores were worth $22,185,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the business. Pacer Advisors Inc. purchased a new position in Burlington Stores during the fourth quarter valued at $1,875,000. Amalgamated Bank boosted its stake in Burlington Stores by 416.8% in the 4th quarter. Amalgamated Bank now owns 37,487 shares of the company’s stock worth $7,290,000 after purchasing an additional 30,233 shares in the last quarter. Louisiana State Employees Retirement System purchased a new stake in Burlington Stores during the 4th quarter valued at about $3,540,000. State of Alaska Department of Revenue increased its stake in Burlington Stores by 77.8% during the 4th quarter. State of Alaska Department of Revenue now owns 16,481 shares of the company’s stock valued at $3,204,000 after purchasing an additional 7,210 shares in the last quarter. Finally, State of Michigan Retirement System purchased a new position in Burlington Stores in the fourth quarter worth about $3,034,000.

Burlington Stores Price Performance

Shares of Burlington Stores stock traded up $3.46 during trading on Thursday, reaching $190.94. 881,414 shares of the stock traded hands, compared to its average volume of 895,226. The company has a debt-to-equity ratio of 1.40, a current ratio of 1.15 and a quick ratio of 0.61. The company has a market capitalization of $12.19 billion, a price-to-earnings ratio of 35.73, a P/E/G ratio of 1.08 and a beta of 1.54. Burlington Stores, Inc. has a 52-week low of $115.66 and a 52-week high of $232.69. The business has a fifty day simple moving average of $203.29 and a two-hundred day simple moving average of $185.30.

Burlington Stores (NYSE:BURL) last posted its quarterly earnings data on Thursday, March 7th. The company reported $3.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.28 by $0.02. Burlington Stores had a return on equity of 45.28% and a net margin of 3.49%. The business had revenue of $3.13 billion during the quarter, compared to analyst estimates of $3.07 billion. During the same period last year, the company earned $2.96 EPS. The company’s revenue for the quarter was up 13.9% on a year-over-year basis. Sell-side analysts expect that Burlington Stores, Inc. will post 7.41 EPS for the current year.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on BURL shares. Piper Sandler raised shares of Burlington Stores from a “neutral” rating to an “overweight” rating and raised their price target for the company from $155.00 to $240.00 in a research report on Wednesday, January 17th. UBS Group raised Burlington Stores from a “sell” rating to a “neutral” rating and lifted their target price for the stock from $126.00 to $212.00 in a report on Thursday, May 2nd. Evercore ISI increased their price objective on Burlington Stores from $220.00 to $235.00 and gave the company an “outperform” rating in a research report on Friday, February 23rd. StockNews.com raised Burlington Stores from a “hold” rating to a “buy” rating in a research report on Saturday, March 9th. Finally, Telsey Advisory Group reaffirmed an “outperform” rating and set a $250.00 price target (up previously from $225.00) on shares of Burlington Stores in a report on Monday, March 4th. Three research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat, Burlington Stores currently has a consensus rating of “Moderate Buy” and a consensus price target of $218.60.

Insider Activity

In related news, CMO Jennifer Vecchio sold 5,025 shares of the business’s stock in a transaction on Wednesday, March 20th. The stock was sold at an average price of $225.24, for a total transaction of $1,131,831.00. Following the completion of the transaction, the chief marketing officer now owns 61,115 shares in the company, valued at approximately $13,765,542.60. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 0.91% of the company’s stock.

Burlington Stores Company 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.