Stephens Investment Management Group LLC Purchases 7,859 Shares of Burlington Stores, Inc. (NYSE:BURL)

Stephens Investment Management Group LLC boosted its position in shares of Burlington Stores, Inc. (NYSE:BURL) by 2.0% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 403,981 shares of the company’s stock after acquiring an additional 7,859 shares during the quarter. Burlington Stores makes up about 1.5% of Stephens Investment Management Group LLC’s portfolio, making the stock its 12th biggest position. Stephens Investment Management Group LLC’s holdings in Burlington Stores were worth $106,441,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently added to or reduced their stakes in BURL. Tributary Capital Management LLC grew its holdings in shares of Burlington Stores by 1.0% in the third quarter. Tributary Capital Management LLC now owns 4,991 shares of the company’s stock worth $1,315,000 after purchasing an additional 50 shares during the last quarter. GAMMA Investing LLC grew its stake in Burlington Stores by 20.4% in the second quarter. GAMMA Investing LLC now owns 313 shares of the company’s stock worth $75,000 after purchasing an additional 53 shares in the last quarter. Signaturefd LLC increased its holdings in Burlington Stores by 9.1% during the 2nd quarter. Signaturefd LLC now owns 648 shares of the company’s stock worth $156,000 after purchasing an additional 54 shares during the period. Cetera Investment Advisers increased its stake in shares of Burlington Stores by 0.5% during the second quarter. Cetera Investment Advisers now owns 12,340 shares of the company’s stock valued at $2,962,000 after buying an additional 61 shares during the period. Finally, Atomi Financial Group Inc. increased its position in Burlington Stores by 6.5% during the 2nd quarter. Atomi Financial Group Inc. now owns 1,066 shares of the company’s stock valued at $256,000 after purchasing an additional 65 shares during the period.

Analyst Ratings Changes

Several equities analysts recently issued reports on the stock. Morgan Stanley lifted their price objective on shares of Burlington Stores from $284.00 to $300.00 and gave the company an “overweight” rating in a report on Friday, August 30th. Wells Fargo & Company upped their price objective on Burlington Stores from $300.00 to $325.00 and gave the stock an “overweight” rating in a research note on Friday, August 23rd. Telsey Advisory Group reiterated an “outperform” rating and issued a $300.00 target price on shares of Burlington Stores in a research note on Thursday, August 29th. The Goldman Sachs Group raised their price target on shares of Burlington Stores from $278.00 to $310.00 and gave the company a “buy” rating in a report on Friday, August 30th. Finally, Bank of America raised their target price on shares of Burlington Stores from $275.00 to $315.00 and gave the company a “buy” rating in a research note on Friday, August 30th. Two research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $294.94.

Burlington Stores Stock Down 3.7 %

Shares of NYSE:BURL opened at $247.77 on Friday. Burlington Stores, Inc. has a 12-month low of $117.09 and a 12-month high of $282.49. The company has a market capitalization of $15.77 billion, a price-to-earnings ratio of 37.26, a PEG ratio of 1.31 and a beta of 1.64. The business has a 50-day moving average price of $263.54 and a 200 day moving average price of $237.98. The company has a current ratio of 1.04, a quick ratio of 0.48 and a debt-to-equity ratio of 1.15.

Burlington Stores (NYSE:BURL) last announced its quarterly earnings data on Thursday, August 29th. The company reported $1.20 earnings per share for the quarter, beating analysts’ consensus estimates of $0.95 by $0.25. The firm had revenue of $2.47 billion during the quarter, compared to analysts’ expectations of $2.42 billion. Burlington Stores had a net margin of 4.18% and a return on equity of 47.43%. The business’s quarterly revenue was up 13.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.60 earnings per share. Sell-side analysts expect that Burlington Stores, Inc. will post 7.91 EPS for the current year.

Insider Buying and Selling

In other Burlington Stores news, Director Paul Sullivan sold 1,705 shares of the business’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 completion of the transaction, the director now owns 7,393 shares in the company, valued at $2,048,230.65. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 0.91% of the company’s stock.

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.