Burlington Stores, Inc. (NYSE:BURL) Shares Sold by Graphene Investments SAS

Graphene Investments SAS lessened its position in Burlington Stores, Inc. (NYSE:BURL) by 12.3% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 14,200 shares of the company’s stock after selling 2,000 shares during the period. Burlington Stores makes up 2.0% of Graphene Investments SAS’s portfolio, making the stock its 28th biggest position. Graphene Investments SAS’s holdings in Burlington Stores were worth $3,297,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the company. Rise Advisors LLC bought a new position in Burlington Stores during the first quarter valued at about $40,000. Lindbrook Capital LLC boosted its position in shares of Burlington Stores by 114.6% during the 4th quarter. Lindbrook Capital LLC now owns 176 shares of the company’s stock valued at $34,000 after purchasing an additional 94 shares in the last quarter. Mather Group LLC. acquired a new position in shares of Burlington Stores in the 1st quarter worth approximately $48,000. GAMMA Investing LLC bought a new stake in shares of Burlington Stores in the 4th quarter worth approximately $41,000. Finally, Fifth Third Bancorp acquired a new stake in Burlington Stores during the fourth quarter valued at approximately $50,000.

Analysts Set New Price Targets

Several research analysts have issued reports on BURL shares. Morgan Stanley decreased their price target on shares of Burlington Stores from $233.00 to $218.00 and set an “overweight” rating on the stock in a research report on Monday, May 6th. UBS Group upped their target price on Burlington Stores from $212.00 to $238.00 and gave the company a “neutral” rating in a report on Monday, June 3rd. Barclays lifted their price target on Burlington Stores from $252.00 to $274.00 and gave the stock an “overweight” rating in a research note on Friday, May 31st. JPMorgan Chase & Co. upped their price objective on shares of Burlington Stores from $246.00 to $284.00 and gave the company an “overweight” rating in a research note on Friday, May 31st. Finally, Evercore ISI raised their target price on shares of Burlington Stores from $250.00 to $274.00 and gave the stock an “outperform” rating in a report on Friday, May 31st. Four equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $246.87.

Burlington Stores Stock Down 0.8 %

Shares of NYSE BURL traded down $1.88 during mid-day trading on Wednesday, reaching $233.62. The company had a trading volume of 342,757 shares, compared to its average volume of 966,777. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.52 and a current ratio of 1.07. Burlington Stores, Inc. has a twelve month low of $115.66 and a twelve month high of $245.43. The stock’s 50 day moving average is $211.17 and its 200-day moving average is $204.53. The stock has a market capitalization of $14.91 billion, a PE ratio of 39.45, a price-to-earnings-growth ratio of 1.28 and a beta of 1.61.

Burlington Stores (NYSE:BURL) last issued its earnings results on Thursday, May 30th. The company reported $1.42 earnings per share for the quarter, topping the consensus estimate of $1.04 by $0.38. The company had revenue of $2.36 billion for the quarter, compared to analyst estimates of $2.34 billion. Burlington Stores had a return on equity of 46.39% and a net margin of 3.87%. The business’s revenue was up 10.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.84 EPS. As a group, equities analysts anticipate that Burlington Stores, Inc. will post 7.6 earnings per share for the current fiscal year.

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.