Burlington Stores, Inc. (NYSE:BURL) is Anomaly Capital Management LP’s 6th Largest Position

Anomaly Capital Management LP lifted its stake in shares of Burlington Stores, Inc. (NYSE:BURL) by 34.6% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 730,175 shares of the company’s stock after buying an additional 187,760 shares during the quarter. Burlington Stores comprises 6.7% of Anomaly Capital Management LP’s portfolio, making the stock its 6th largest position. Anomaly Capital Management LP owned approximately 1.14% of Burlington Stores worth $175,242,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently bought and sold shares of the stock. Ensign Peak Advisors Inc grew its stake in Burlington Stores by 5.3% in the second quarter. Ensign Peak Advisors Inc now owns 30,157 shares of the company’s stock worth $7,238,000 after purchasing an additional 1,510 shares during the period. Sei Investments Co. grew its position in shares of Burlington Stores by 2.6% in the 2nd quarter. Sei Investments Co. now owns 70,384 shares of the company’s stock worth $16,892,000 after buying an additional 1,796 shares during the period. Intech Investment Management LLC grew its position in shares of Burlington Stores by 80.6% in the 2nd quarter. Intech Investment Management LLC now owns 4,621 shares of the company’s stock worth $1,109,000 after buying an additional 2,062 shares during the period. Inspire Investing LLC increased its stake in shares of Burlington Stores by 162.3% in the 2nd quarter. Inspire Investing LLC now owns 5,109 shares of the company’s stock worth $1,226,000 after acquiring an additional 3,161 shares in the last quarter. Finally, Hsbc Holdings PLC lifted its position in Burlington Stores by 5.5% during the 2nd quarter. Hsbc Holdings PLC now owns 43,486 shares of the company’s stock valued at $10,435,000 after acquiring an additional 2,258 shares during the period.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on BURL shares. Loop Capital raised their target price on shares of Burlington Stores from $270.00 to $345.00 and gave the company a “buy” rating in a research note on Friday, August 30th. BMO Capital Markets lifted their price objective on Burlington Stores from $227.00 to $240.00 and gave the stock an “outperform” rating in a report on Friday, May 31st. UBS Group upped their target price on shares of Burlington Stores from $212.00 to $238.00 and gave the company a “neutral” rating in a research note on Monday, June 3rd. Gordon Haskett raised shares of Burlington Stores from a “hold” rating to a “buy” rating and set a $300.00 price target on the stock in a report on Monday, August 19th. Finally, TD Cowen boosted their price objective on shares of Burlington Stores from $279.00 to $288.00 and gave the company a “buy” rating in a report on Friday, August 30th. One investment analyst has rated the stock with a hold rating and sixteen have issued a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $294.94.

Insiders Place Their Bets

In other news, CMO Jennifer Vecchio sold 494 shares of the firm’s stock in a transaction on Thursday, August 1st. The shares were 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 approximately $15,809,190.59. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.91% of the company’s stock.

Burlington Stores Trading Down 1.3 %

NYSE:BURL opened at $271.39 on Monday. The firm has a market capitalization of $17.32 billion, a price-to-earnings ratio of 45.46, a price-to-earnings-growth ratio of 1.37 and a beta of 1.64. The company has a debt-to-equity ratio of 1.15, a current ratio of 1.04 and a quick ratio of 0.48. The business has a fifty day moving average price of $260.88 and a 200-day moving average price of $229.88. Burlington Stores, Inc. has a one year low of $115.66 and a one year high of $282.49.

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