OneDigital Investment Advisors LLC Grows Stake in Burlington Stores, Inc. (NYSE:BURL)

OneDigital Investment Advisors LLC boosted its stake in shares of Burlington Stores, Inc. (NYSE:BURL) by 5.5% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,027 shares of the company’s stock after acquiring an additional 54 shares during the quarter. OneDigital Investment Advisors LLC’s holdings in Burlington Stores were worth $271,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. AQR Capital Management LLC increased its position in shares of Burlington Stores by 2,542.2% during the 2nd quarter. AQR Capital Management LLC now owns 247,970 shares of the company’s stock valued at $59,114,000 after purchasing an additional 238,585 shares during the last quarter. Dimensional Fund Advisors LP increased its position in Burlington Stores by 54.8% during the second quarter. Dimensional Fund Advisors LP now owns 587,376 shares of the company’s stock valued at $140,968,000 after acquiring an additional 207,959 shares during the last quarter. Marshall Wace LLP bought a new position in Burlington Stores during the second quarter valued at $47,725,000. Assenagon Asset Management S.A. raised its stake in shares of Burlington Stores by 1,917.3% in the second quarter. Assenagon Asset Management S.A. now owns 207,260 shares of the company’s stock valued at $49,742,000 after acquiring an additional 196,986 shares during the period. Finally, Anomaly Capital Management LP lifted its holdings in shares of Burlington Stores by 34.6% in the 2nd quarter. Anomaly Capital Management LP now owns 730,175 shares of the company’s stock worth $175,242,000 after acquiring an additional 187,760 shares during the last quarter.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. TD Cowen increased their price objective on shares of Burlington Stores from $279.00 to $288.00 and gave the stock a “buy” rating in a research report on Friday, August 30th. Bank of America raised their price target on shares of Burlington Stores from $275.00 to $315.00 and gave the stock a “buy” rating in a research note on Friday, August 30th. StockNews.com cut shares of Burlington Stores from a “buy” rating to a “hold” rating in a research report on Wednesday, October 23rd. Evercore ISI raised their target price on shares of Burlington Stores from $300.00 to $315.00 and gave the stock an “outperform” rating in a research report on Friday, August 30th. Finally, The Goldman Sachs Group boosted their price target on Burlington Stores from $278.00 to $310.00 and gave the company a “buy” rating in a report on Friday, August 30th. Two investment analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $297.56.

Burlington Stores Trading Up 4.9 %

Shares of NYSE BURL opened at $286.24 on Friday. Burlington Stores, Inc. has a 1-year low of $168.49 and a 1-year high of $288.98. The business has a fifty day moving average price of $261.16 and a 200 day moving average price of $246.53. The stock has a market capitalization of $18.22 billion, a P/E ratio of 43.04, a price-to-earnings-growth ratio of 1.39 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.

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 analysts’ consensus estimates of $0.95 by $0.25. Burlington Stores had a net margin of 4.18% and a return on equity of 47.43%. The business had revenue of $2.47 billion for the quarter, compared to analysts’ expectations of $2.42 billion. During the same period last year, the business earned $0.60 EPS. The company’s revenue was up 13.4% compared to the same quarter last year. Equities research analysts expect that Burlington Stores, Inc. will post 7.94 EPS for the current fiscal year.

Insiders Place Their Bets

In other Burlington Stores news, Director Paul Sullivan sold 1,705 shares of the firm’s stock in a transaction dated Thursday, September 19th. The stock was sold at an average price of $277.05, for a total value of $472,370.25. Following the completion of the sale, the director now owns 7,393 shares of the company’s stock, valued at approximately $2,048,230.65. This trade represents a 18.74 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate 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.