Shaker Investments LLC OH Takes $2.05 Million Position in Burlington Stores, Inc. (NYSE:BURL)

Shaker Investments LLC OH acquired a new stake in Burlington Stores, Inc. (NYSE:BURL) in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 7,762 shares of the company’s stock, valued at approximately $2,045,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. CANADA LIFE ASSURANCE Co increased its position in Burlington Stores by 7.4% during the 1st quarter. CANADA LIFE ASSURANCE Co now owns 56,326 shares of the company’s stock valued at $13,073,000 after purchasing an additional 3,867 shares during the period. Meeder Asset Management Inc. bought a new position in shares of Burlington Stores during the 1st quarter worth approximately $1,819,000. Tidal Investments LLC boosted its holdings in shares of Burlington Stores by 178.4% during the 1st quarter. Tidal Investments LLC now owns 6,163 shares of the company’s stock worth $1,431,000 after buying an additional 3,949 shares in the last quarter. Teachers Retirement System of The State of Kentucky bought a new position in shares of Burlington Stores during the 4th quarter worth approximately $4,708,000. Finally, Cetera Investment Advisers bought a new position in shares of Burlington Stores during the 1st quarter worth approximately $2,851,000.

Analyst Ratings Changes

BURL has been the topic of a number of research analyst reports. Wells Fargo & Company increased their price target on Burlington Stores from $300.00 to $325.00 and gave the stock an “overweight” rating in a report on Friday, August 23rd. The Goldman Sachs Group increased their target price on Burlington Stores from $278.00 to $310.00 and gave the stock a “buy” rating in a report on Friday, August 30th. Bank of America increased their target price on Burlington Stores from $275.00 to $315.00 and gave the stock a “buy” rating in a report on Friday, August 30th. JPMorgan Chase & Co. increased their target price on Burlington Stores from $284.00 to $288.00 and gave the stock an “overweight” rating in a report on Monday, July 22nd. Finally, Evercore ISI increased their target price on Burlington Stores from $300.00 to $315.00 and gave the stock an “outperform” rating in a report on Friday, August 30th. One research analyst has rated the stock with a hold rating and sixteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $294.94.

Burlington Stores Price Performance

Shares of NYSE:BURL opened at $252.45 on Friday. The company’s 50-day moving average is $264.03 and its 200 day moving average is $233.95. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.48 and a current ratio of 1.04. The company has a market capitalization of $16.11 billion, a P/E ratio of 42.29, a price-to-earnings-growth ratio of 1.28 and a beta of 1.64. Burlington Stores, Inc. has a fifty-two week low of $115.66 and a fifty-two week high of $282.49.

Burlington Stores (NYSE:BURL) last issued its quarterly earnings results on Thursday, August 29th. The company reported $1.20 earnings per share for the quarter, topping analysts’ consensus estimates of $0.95 by $0.25. The company had revenue of $2.47 billion for the quarter, compared to the consensus estimate of $2.42 billion. Burlington Stores had a net margin of 4.18% and a return on equity of 47.43%. The firm’s quarterly revenue was up 13.4% on a year-over-year basis. During the same period in the previous year, the firm earned $0.60 EPS. On average, equities research analysts forecast that Burlington Stores, Inc. will post 7.91 earnings per share for the current year.

Insiders Place Their Bets

In related news, CMO Jennifer Vecchio sold 494 shares of the company’s stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $255.37, for a total transaction of $126,152.78. Following the sale, the chief marketing officer now directly owns 61,907 shares in the company, valued at approximately $15,809,190.59. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In related news, Director Paul Sullivan sold 1,705 shares of the company’s stock in a transaction that occurred on Thursday, September 19th. The shares were sold at an average price of $277.05, for a total transaction of $472,370.25. Following the sale, the director now directly owns 7,393 shares in the company, valued at approximately $2,048,230.65. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CMO Jennifer Vecchio sold 494 shares of the company’s stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $255.37, for a total transaction of $126,152.78. Following the sale, the chief marketing officer now owns 61,907 shares in the company, valued at $15,809,190.59. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 2,283 shares of company stock worth $619,599 over the last quarter. 0.91% of the stock is currently owned by company insiders.

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.