Shellback Capital LP Purchases 5,000 Shares of Burlington Stores, Inc. (NYSE:BURL)

Shellback Capital LP increased its holdings in shares of Burlington Stores, Inc. (NYSE:BURL) by 16.7% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 35,000 shares of the company’s stock after acquiring an additional 5,000 shares during the period. Shellback Capital LP’s holdings in Burlington Stores were worth $8,400,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of BURL. 1832 Asset Management L.P. raised its stake in shares of Burlington Stores by 300.5% in the fourth quarter. 1832 Asset Management L.P. now owns 1,034,218 shares of the company’s stock worth $201,135,000 after acquiring an additional 775,961 shares during the last quarter. Bain Capital Public Equity Management II LLC bought a new position in Burlington Stores in the 4th quarter worth approximately $100,164,000. Los Angeles Capital Management LLC lifted its holdings in Burlington Stores by 466.1% during the 1st quarter. Los Angeles Capital Management LLC now owns 493,614 shares of the company’s stock worth $114,612,000 after buying an additional 406,426 shares in the last quarter. Coatue Management LLC bought a new position in Burlington Stores in the 4th quarter valued at $77,735,000. Finally, AQR Capital Management LLC increased its stake in shares of Burlington Stores by 2,542.2% in the 2nd quarter. AQR Capital Management LLC now owns 247,970 shares of the company’s stock valued at $59,114,000 after buying an additional 238,585 shares during the period.

Insider Buying and Selling at Burlington Stores

In other news, Director Paul Sullivan sold 1,705 shares of the company’s stock in a transaction dated Thursday, September 19th. The stock was 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 directly owns 7,393 shares of the company’s stock, valued at $2,048,230.65. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, Director Paul Sullivan sold 1,705 shares of the stock in a transaction 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CMO Jennifer Vecchio sold 494 shares of Burlington Stores 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 completion of the sale, the chief marketing officer now owns 61,907 shares in the company, valued at $15,809,190.59. The disclosure for this sale can be found here. Company insiders own 0.91% of the company’s stock.

Burlington Stores Trading Down 0.5 %

NYSE:BURL opened at $274.73 on Friday. The business’s 50-day simple moving average is $262.95 and its 200-day simple moving average is $231.26. Burlington Stores, Inc. has a fifty-two week low of $115.66 and a fifty-two week high of $282.49. 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 stock has a market capitalization of $17.53 billion, a PE ratio of 46.02, a price-to-earnings-growth ratio of 1.39 and a beta of 1.64.

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 net margin of 4.18% and a return on equity of 47.43%. The company had revenue of $2.47 billion during the quarter, compared to analysts’ expectations of $2.42 billion. During the same quarter in the prior year, the company earned $0.60 earnings per share. The business’s quarterly revenue was up 13.4% compared to the same quarter last year. Sell-side analysts expect that Burlington Stores, Inc. will post 7.91 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on BURL shares. JPMorgan Chase & Co. upped their price target on Burlington Stores from $284.00 to $288.00 and gave the company an “overweight” rating in a research note on Monday, July 22nd. Telsey Advisory Group restated an “outperform” rating and set a $300.00 target price on shares of Burlington Stores in a research report on Thursday, August 29th. Loop Capital lifted their price target on shares of Burlington Stores from $270.00 to $345.00 and gave the stock a “buy” rating in a research report on Friday, August 30th. Bank of America increased their price objective on shares of Burlington Stores from $275.00 to $315.00 and gave the company a “buy” rating in a report on Friday, August 30th. Finally, Evercore ISI lifted their target price on shares of Burlington Stores from $300.00 to $315.00 and gave the stock an “outperform” rating in a report on Friday, August 30th. One analyst has rated the stock with a hold rating and sixteen have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $294.94.

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.