Atom Investors LP Acquires Shares of 9,776 Burlington Stores, Inc. (NYSE:BURL)

Atom Investors LP bought a new position in shares of Burlington Stores, Inc. (NYSE:BURL) in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 9,776 shares of the company’s stock, valued at approximately $2,576,000.

Several other large investors have also recently modified their holdings of the business. Tributary Capital Management LLC raised its stake in shares of Burlington Stores by 1.0% during the 3rd quarter. Tributary Capital Management LLC now owns 4,991 shares of the company’s stock valued at $1,315,000 after purchasing an additional 50 shares during the period. GAMMA Investing LLC increased its position in shares of Burlington Stores by 20.4% during the second quarter. GAMMA Investing LLC now owns 313 shares of the company’s stock valued at $75,000 after buying an additional 53 shares during the period. Signaturefd LLC increased its position in shares of Burlington Stores by 9.1% during the second quarter. Signaturefd LLC now owns 648 shares of the company’s stock valued at $156,000 after buying an additional 54 shares during the period. Mount Lucas Management LP lifted its holdings in shares of Burlington Stores by 2.4% in the third quarter. Mount Lucas Management LP now owns 2,266 shares of the company’s stock worth $597,000 after buying an additional 54 shares in the last quarter. Finally, OneDigital Investment Advisors LLC boosted its position in shares of Burlington Stores by 5.5% in the third quarter. OneDigital Investment Advisors LLC now owns 1,027 shares of the company’s stock valued at $271,000 after acquiring an additional 54 shares during the period.

Insiders Place Their Bets

In other news, Director Paul Sullivan sold 1,705 shares of the stock in a transaction dated 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 sale, the director now directly owns 7,393 shares in the company, valued at approximately $2,048,230.65. This represents a 18.74 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.91% of the company’s stock.

Burlington Stores Stock Up 3.0 %

BURL opened at $290.47 on Tuesday. The business’s 50-day moving average price is $262.90 and its 200-day moving average price is $251.37. The company has a current ratio of 1.17, a quick ratio of 0.48 and a debt-to-equity ratio of 1.35. Burlington Stores, Inc. has a 12 month low of $172.80 and a 12 month high of $298.89. The company has a market cap of $18.44 billion, a P/E ratio of 39.79, a P/E/G ratio of 1.44 and a beta of 1.64.

Burlington Stores (NYSE:BURL) last released its quarterly earnings data on Tuesday, November 26th. The company reported $1.55 earnings per share for the quarter, beating analysts’ consensus estimates of $1.53 by $0.02. Burlington Stores had a return on equity of 47.52% and a net margin of 4.49%. The firm had revenue of $2.53 billion during the quarter, compared to analyst estimates of $2.55 billion. During the same quarter in the prior year, the firm posted $0.98 earnings per share. The business’s quarterly revenue was up 10.5% compared to the same quarter last year. On average, equities analysts expect that Burlington Stores, Inc. will post 7.92 EPS for the current year.

Analysts Set New Price Targets

BURL has been the topic of a number of analyst reports. Gordon Haskett raised shares of Burlington Stores from a “hold” rating to a “buy” rating and set a $300.00 target price on the stock in a report on Monday, August 19th. Telsey Advisory Group reiterated an “outperform” rating and issued a $310.00 price objective on shares of Burlington Stores in a research report on Tuesday, November 26th. Robert W. Baird boosted their target price on Burlington Stores from $315.00 to $330.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 27th. Evercore ISI raised 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. Finally, UBS Group lifted their price target on Burlington Stores from $270.00 to $280.00 and gave the company a “neutral” rating in a research report on Thursday, November 14th. Two analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. Based on data from MarketBeat.com, Burlington Stores currently has an average rating of “Moderate Buy” and an average target price of $307.69.

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.