Burlington Stores, Inc. (NYSE:BURL) Shares Purchased by APG Asset Management N.V.

APG Asset Management N.V. boosted its stake in Burlington Stores, Inc. (NYSE:BURL) by 160.7% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 7,950 shares of the company’s stock after buying an additional 4,900 shares during the period. APG Asset Management N.V.’s holdings in Burlington Stores were worth $1,780,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. CANADA LIFE ASSURANCE Co boosted its position in shares of Burlington Stores by 7.4% during the first quarter. CANADA LIFE ASSURANCE Co now owns 56,326 shares of the company’s stock worth $13,073,000 after buying an additional 3,867 shares during the period. Meeder Asset Management Inc. purchased a new position in Burlington Stores during the 1st quarter valued at about $1,819,000. American International Group Inc. grew its position in Burlington Stores by 7,754.2% in the 4th quarter. American International Group Inc. now owns 88,203 shares of the company’s stock valued at $17,154,000 after acquiring an additional 87,080 shares in the last quarter. Tidal Investments LLC grew its position in Burlington Stores by 178.4% in the 1st quarter. Tidal Investments LLC now owns 6,163 shares of the company’s stock valued at $1,431,000 after acquiring an additional 3,949 shares in the last quarter. Finally, Teachers Retirement System of The State of Kentucky purchased a new stake in Burlington Stores during the fourth quarter worth about $4,708,000.

Burlington Stores Trading Down 0.6 %

NYSE BURL opened at $263.43 on Tuesday. The firm’s fifty day moving average price is $263.58 and its 200 day moving average price is $232.09. Burlington Stores, Inc. has a 12 month low of $115.66 and a 12 month 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 company has a market capitalization of $16.81 billion, a price-to-earnings ratio of 44.13, a price-to-earnings-growth ratio of 1.39 and a beta of 1.64.

Burlington Stores (NYSE:BURL) last posted its 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 for 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 revenue was up 13.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.60 earnings per share. On average, 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

A number of brokerages recently weighed in on BURL. TD Cowen lifted 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. Gordon Haskett upgraded shares of Burlington Stores from a “hold” rating to a “buy” rating and set a $300.00 price target for the company in a research note on Monday, August 19th. Evercore ISI increased their price objective on Burlington Stores from $300.00 to $315.00 and gave the company an “outperform” rating in a research note on Friday, August 30th. The Goldman Sachs Group upped their price target on Burlington Stores from $278.00 to $310.00 and gave the stock a “buy” rating in a report on Friday, August 30th. Finally, StockNews.com upgraded Burlington Stores from a “hold” rating to a “buy” rating in a research note on Sunday, September 15th. One equities research analyst has rated the stock with a hold rating and sixteen have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $294.94.

Insider Transactions at Burlington Stores

In related news, CMO Jennifer Vecchio sold 494 shares of the 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 approximately $15,809,190.59. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other Burlington Stores news, Director Paul Sullivan sold 1,705 shares of Burlington Stores stock in a transaction that occurred on Thursday, September 19th. The stock was sold at an average price of $277.05, for a total value of $472,370.25. Following the transaction, the director now directly owns 7,393 shares in the company, valued at approximately $2,048,230.65. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CMO Jennifer Vecchio sold 494 shares of the company’s stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $255.37, for a total value of $126,152.78. Following the sale, the chief marketing officer now owns 61,907 shares of the company’s stock, valued at approximately $15,809,190.59. The disclosure for this sale can be found here. Insiders own 0.91% of the company’s stock.

About Burlington Stores

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.