Genesis Private Wealth LLC Purchases Shares of 720 Burlington Stores, Inc. (NYSE:BURL)

Genesis Private Wealth LLC acquired a new position in Burlington Stores, Inc. (NYSE:BURL) during the fourth quarter, according to its most recent 13F filing with the SEC. The firm acquired 720 shares of the company’s stock, valued at approximately $205,000.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Fortitude Family Office LLC increased its position in Burlington Stores by 148.6% during the 4th quarter. Fortitude Family Office LLC now owns 92 shares of the company’s stock worth $26,000 after purchasing an additional 55 shares in the last quarter. RPg Family Wealth Advisory LLC purchased a new stake in Burlington Stores during the third quarter worth approximately $26,000. Brooklyn Investment Group acquired a new stake in shares of Burlington Stores in the third quarter worth $33,000. MassMutual Private Wealth & Trust FSB raised 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 valued at $49,000 after acquiring an additional 46 shares during the period. Finally, UMB Bank n.a. lifted its holdings in shares of Burlington Stores by 391.7% during the 3rd quarter. UMB Bank n.a. now owns 177 shares of the company’s stock valued at $47,000 after acquiring an additional 141 shares in the last quarter.

Burlington Stores Price Performance

Shares of BURL stock opened at $288.86 on Thursday. The firm has a fifty day moving average of $285.89 and a two-hundred day moving average of $268.25. The firm has a market cap of $18.34 billion, a P/E ratio of 39.57, a P/E/G ratio of 1.56 and a beta of 1.63. Burlington Stores, Inc. has a 1-year low of $174.64 and a 1-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 issued its quarterly earnings results on Tuesday, November 26th. The company reported $1.55 EPS for the quarter, topping the consensus estimate of $1.54 by $0.01. The business had revenue of $2.53 billion for the quarter, compared to analysts’ expectations of $2.55 billion. Burlington Stores had a net margin of 4.49% and a return on equity of 47.52%. The company’s quarterly revenue was up 10.5% compared to the same quarter last year. During the same quarter last year, the company posted $0.98 earnings per share. As a group, research analysts anticipate that Burlington Stores, Inc. will post 7.93 earnings per share for the current fiscal year.

Insider Transactions at Burlington Stores

In other news, CMO Jennifer Vecchio sold 494 shares of the firm’s stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $284.95, for a total value of $140,765.30. Following the transaction, the chief marketing officer now directly owns 59,437 shares in the company, valued at approximately $16,936,573.15. This trade represents a 0.82 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 0.91% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently issued reports on BURL. Evercore ISI increased their price target on Burlington Stores from $315.00 to $340.00 and gave the company an “outperform” rating in a report on Wednesday, November 27th. Barclays dropped their target price on Burlington Stores from $327.00 to $317.00 and set an “overweight” rating on the stock in a report on Wednesday, November 27th. Robert W. Baird boosted their price target on Burlington Stores from $315.00 to $330.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 27th. StockNews.com downgraded shares of Burlington Stores from a “buy” rating to a “hold” rating in a research report on Wednesday, October 23rd. Finally, Citigroup boosted their target price on shares of Burlington Stores from $313.00 to $344.00 and gave the stock a “buy” rating in a research report on Wednesday, November 27th. One equities research analyst has rated the stock with a hold rating and fifteen have issued a buy rating to the stock. According to data from MarketBeat.com, Burlington Stores presently has an average rating of “Moderate Buy” and an average price target of $317.87.

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.