Choreo LLC Makes New $280,000 Investment in Burlington Stores, Inc. (NYSE:BURL)

Choreo LLC bought a new position in Burlington Stores, Inc. (NYSE:BURL) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 1,189 shares of the company’s stock, valued at approximately $280,000.

Several other large investors have also added to or reduced their stakes in the stock. 1832 Asset Management L.P. raised its holdings in shares of Burlington Stores by 300.5% in the 4th quarter. 1832 Asset Management L.P. now owns 1,034,218 shares of the company’s stock valued at $201,135,000 after acquiring an additional 775,961 shares in the last quarter. Norges Bank purchased a new stake in shares of Burlington Stores in the 4th quarter valued at about $145,471,000. Bain Capital Public Equity Management II LLC purchased a new stake in shares of Burlington Stores in the 4th quarter valued at about $100,164,000. Los Angeles Capital Management LLC raised its holdings in shares of Burlington Stores by 466.1% in the 1st quarter. Los Angeles Capital Management LLC now owns 493,614 shares of the company’s stock valued at $114,612,000 after acquiring an additional 406,426 shares in the last quarter. Finally, Coatue Management LLC purchased a new stake in shares of Burlington Stores in the 4th quarter valued at about $77,735,000.

Wall Street Analyst Weigh In

Several analysts have weighed in on BURL shares. Robert W. Baird raised their price target on Burlington Stores from $260.00 to $275.00 and gave the company an “outperform” rating in a report on Friday, May 31st. Wells Fargo & Company raised their price target on Burlington Stores from $300.00 to $325.00 and gave the stock an “overweight” rating in a research report on Friday, August 23rd. Bank of America raised their price target on Burlington Stores from $275.00 to $315.00 and gave the stock a “buy” rating in a research report on Friday, August 30th. BMO Capital Markets raised their price target on Burlington Stores from $227.00 to $240.00 and gave the stock an “outperform” rating in a research report on Friday, May 31st. Finally, StockNews.com upgraded Burlington Stores from a “hold” rating to a “buy” rating in a research report on Sunday. One research analyst has rated the stock with a hold rating and sixteen have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $294.94.

Insider Activity at Burlington Stores

In related news, CMO Jennifer Vecchio sold 494 shares of Burlington Stores stock in a transaction that occurred on Thursday, August 1st. The stock was 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 $15,809,190.59. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 0.91% of the stock is currently owned by corporate insiders.

Burlington Stores Trading Up 0.3 %

NYSE BURL opened at $271.13 on Thursday. The company has a quick ratio of 0.48, a current ratio of 1.04 and a debt-to-equity ratio of 1.15. Burlington Stores, Inc. has a twelve month low of $115.66 and a twelve month high of $282.49. The firm has a market capitalization of $17.31 billion, a PE ratio of 45.42, a P/E/G ratio of 1.37 and a beta of 1.64. The stock’s 50 day moving average is $259.48 and its 200 day moving average is $228.54.

Burlington Stores (NYSE:BURL) last released its quarterly earnings results on Thursday, August 29th. The company reported $1.20 earnings per share for the quarter, beating the consensus estimate of $0.95 by $0.25. Burlington Stores had a return on equity of 47.43% and a net margin of 4.18%. The company had revenue of $2.47 billion for the quarter, compared to analyst estimates of $2.42 billion. During the same period in the previous year, the company posted $0.60 earnings per share. The firm’s revenue was up 13.4% on a year-over-year basis. Research analysts forecast that Burlington Stores, Inc. will post 7.86 earnings per share for the current fiscal year.

Burlington Stores Company 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.