R Squared Ltd Makes New Investment in Burlington Stores, Inc. (NYSE:BURL)

R Squared Ltd acquired a new stake in shares of Burlington Stores, Inc. (NYSE:BURL) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor acquired 357 shares of the company’s stock, valued at approximately $102,000.

A number of other large investors also recently modified their holdings of BURL. Massachusetts Financial Services Co. MA grew its position in Burlington Stores by 1,048.8% during the third quarter. Massachusetts Financial Services Co. MA now owns 730,524 shares of the company’s stock valued at $192,478,000 after acquiring an additional 666,934 shares during the last quarter. International Assets Investment Management LLC purchased a new stake in shares of Burlington Stores in the 3rd quarter valued at $239,510,000. Robeco Institutional Asset Management B.V. grew its holdings in shares of Burlington Stores by 3,041.5% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 30,912 shares of the company’s stock valued at $8,145,000 after purchasing an additional 29,928 shares during the last quarter. KBC Group NV raised its position in Burlington Stores by 317.6% in the 3rd quarter. KBC Group NV now owns 37,563 shares of the company’s stock worth $9,897,000 after purchasing an additional 28,567 shares during the period. Finally, Point72 Hong Kong Ltd bought a new stake in Burlington Stores in the third quarter worth $7,462,000.

Burlington Stores Stock Up 1.3 %

BURL stock opened at $293.73 on Friday. The company has a market capitalization of $18.65 billion, a price-to-earnings ratio of 40.24, a price-to-earnings-growth ratio of 1.55 and a beta of 1.63. The company has a debt-to-equity ratio of 1.35, a quick ratio of 0.54 and a current ratio of 1.17. The business’s 50 day moving average price is $288.26 and its two-hundred day moving average price is $269.99. Burlington Stores, Inc. has a fifty-two week low of $174.64 and a fifty-two week high of $298.89.

Burlington Stores (NYSE:BURL) last posted its quarterly earnings data on Tuesday, November 26th. The company reported $1.55 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.54 by $0.01. Burlington Stores had a return on equity of 47.52% and a net margin of 4.49%. The business had revenue of $2.53 billion during the quarter, compared to the consensus estimate of $2.55 billion. During the same quarter in the prior year, the company earned $0.98 earnings per share. The firm’s quarterly revenue was up 10.5% compared to the same quarter last year. As a group, analysts forecast that Burlington Stores, Inc. will post 7.93 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on BURL. Citigroup lifted their price objective on Burlington Stores from $313.00 to $344.00 and gave the stock a “buy” rating in a report on Wednesday, November 27th. Barclays lowered their price objective on Burlington Stores from $327.00 to $317.00 and set an “overweight” rating for the company in a research report on Wednesday, November 27th. Evercore ISI raised their target price on shares of Burlington Stores from $315.00 to $340.00 and gave the stock an “outperform” rating in a report on Wednesday, November 27th. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $310.00 target price on shares of Burlington Stores in a research note on Tuesday, November 26th. Finally, TD Cowen increased their price target on shares of Burlington Stores from $334.00 to $339.00 and gave the company a “buy” rating in a research report on Thursday, December 12th. One equities research analyst has rated the stock with a hold rating and fifteen have issued a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $317.87.

Insider Activity at Burlington Stores

In other Burlington Stores news, CMO Jennifer Vecchio sold 494 shares of the business’s stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $293.89, for a total value of $145,181.66. Following the sale, the chief marketing officer now directly owns 59,931 shares of the company’s stock, valued at approximately $17,613,121.59. The trade was a 0.82 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.91% of the stock is currently owned by corporate 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.