Greenland Capital Management LP Buys Shares of 2,308 Burlington Stores, Inc. $BURL

Greenland Capital Management LP bought a new position in Burlington Stores, Inc. (NYSE:BURL) in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 2,308 shares of the company’s stock, valued at approximately $587,000.

A number of other institutional investors have also modified their holdings of BURL. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of Burlington Stores by 14.4% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 302 shares of the company’s stock worth $72,000 after acquiring an additional 38 shares in the last quarter. Jones Financial Companies Lllp raised its stake in shares of Burlington Stores by 1,604.7% during the 1st quarter. Jones Financial Companies Lllp now owns 1,449 shares of the company’s stock valued at $345,000 after buying an additional 1,364 shares during the last quarter. Asset Management One Co. Ltd. lifted its holdings in shares of Burlington Stores by 0.3% in the 2nd quarter. Asset Management One Co. Ltd. now owns 23,993 shares of the company’s stock valued at $5,582,000 after buying an additional 79 shares during the period. Sumitomo Mitsui Trust Group Inc. boosted its stake in shares of Burlington Stores by 0.3% in the second quarter. Sumitomo Mitsui Trust Group Inc. now owns 141,383 shares of the company’s stock worth $32,891,000 after buying an additional 445 shares during the last quarter. Finally, Oppenheimer Asset Management Inc. grew its holdings in Burlington Stores by 6.3% during the second quarter. Oppenheimer Asset Management Inc. now owns 9,180 shares of the company’s stock worth $2,136,000 after acquiring an additional 542 shares during the period.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the stock. TD Cowen reiterated a “buy” rating on shares of Burlington Stores in a research note on Wednesday, November 26th. The Goldman Sachs Group set a $331.00 target price on Burlington Stores in a research report on Wednesday, November 26th. Citigroup reduced their price target on Burlington Stores from $358.00 to $351.00 and set a “buy” rating for the company in a report on Monday, November 3rd. Weiss Ratings reiterated a “hold (c+)” rating on shares of Burlington Stores in a research report on Wednesday, January 21st. Finally, Deutsche Bank Aktiengesellschaft initiated coverage on Burlington Stores in a research report on Thursday, January 8th. They issued a “hold” rating and a $318.00 price objective for the company. Fifteen analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $338.44.

Burlington Stores Trading Down 1.1%

BURL stock opened at $307.84 on Wednesday. Burlington Stores, Inc. has a 12-month low of $212.92 and a 12-month high of $332.20. The business’s 50-day moving average is $299.08 and its 200 day moving average is $281.54. The company has a current ratio of 1.21, a quick ratio of 0.46 and a debt-to-equity ratio of 1.32. The stock has a market cap of $19.37 billion, a price-to-earnings ratio of 35.38, a PEG ratio of 1.69 and a beta of 1.74.

Burlington Stores (NYSE:BURL) last announced its earnings results on Tuesday, November 25th. The company reported $1.68 EPS for the quarter, beating analysts’ consensus estimates of $1.59 by $0.09. The business had revenue of $2.71 billion during the quarter, compared to analysts’ expectations of $2.74 billion. Burlington Stores had a return on equity of 41.02% and a net margin of 5.01%.The business’s revenue was up 7.1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.55 earnings per share. On average, sell-side analysts anticipate that Burlington Stores, Inc. will post 7.93 EPS for the current fiscal year.

Burlington Stores Company Profile

Burlington Stores, Inc is an American off-price retailer that sells apparel and home goods at discounted prices. The company’s merchandise assortment includes clothing for women, men and children, plus baby products, footwear, accessories, beauty items, toys and home décor. Burlington’s merchandising strategy focuses on offering branded and private-label goods at lower prices than traditional department stores by sourcing excess inventory, closeouts and opportunistic buys from manufacturers and other retailers.

The business traces its roots to the Burlington Coat Factory name established in the early 1970s and has since evolved into a broader off-price retailer that carries a wide range of seasonal and everyday merchandise.