Quantbot Technologies LP Buys Shares of 2,420 Burlington Stores, Inc. (NYSE:BURL)

Quantbot Technologies LP bought a new stake in Burlington Stores, Inc. (NYSE:BURL) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 2,420 shares of the company’s stock, valued at approximately $638,000.

Other hedge funds have also made changes to their positions in the company. Crewe Advisors LLC acquired a new stake in shares of Burlington Stores during the 2nd quarter valued at $25,000. ORG Partners LLC purchased a new position in Burlington Stores in the second quarter valued at about $38,000. UMB Bank n.a. increased its position in Burlington Stores by 391.7% in the 3rd quarter. UMB Bank n.a. now owns 177 shares of the company’s stock worth $47,000 after purchasing an additional 141 shares during the last quarter. Blue Trust Inc. raised its stake in shares of Burlington Stores by 619.2% during the 2nd quarter. Blue Trust Inc. now owns 187 shares of the company’s stock worth $43,000 after purchasing an additional 161 shares in the last quarter. Finally, American National Bank acquired a new stake in shares of Burlington Stores during the 2nd quarter valued at about $47,000.

Insider Buying and Selling at Burlington Stores

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 transaction of $472,370.25. Following the sale, the director now directly owns 7,393 shares of the company’s stock, valued at approximately $2,048,230.65. The trade was a 18.74 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.91% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on BURL shares. The Goldman Sachs Group raised their price objective on shares of Burlington Stores from $278.00 to $310.00 and gave the company a “buy” rating in a research report on Friday, August 30th. Citigroup lifted their price objective on shares of Burlington Stores from $313.00 to $344.00 and gave the company a “buy” rating in a research note on Wednesday, November 27th. Barclays lowered their target price on shares of Burlington Stores from $327.00 to $317.00 and set an “overweight” rating on the stock in a research report on Wednesday, November 27th. Bank of America upped their price target on Burlington Stores from $275.00 to $315.00 and gave the stock a “buy” rating in a research note on Friday, August 30th. Finally, TD Cowen raised their price objective on Burlington Stores from $288.00 to $334.00 and gave the company a “buy” rating in a research note on Monday, November 25th. Two investment analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. According to MarketBeat, Burlington Stores currently has a consensus rating of “Moderate Buy” and an average target price of $307.69.

Burlington Stores Stock Performance

NYSE BURL opened at $290.47 on Tuesday. The company’s fifty day moving average is $262.90 and its two-hundred day moving average is $251.37. The firm has a market capitalization of $18.44 billion, a price-to-earnings ratio of 40.15, a P/E/G ratio of 1.44 and a beta of 1.64. The company has a debt-to-equity ratio of 1.35, a current ratio of 1.17 and a quick ratio of 0.48. Burlington Stores, Inc. has a 52-week low of $172.80 and a 52-week high of $298.89.

Burlington Stores (NYSE:BURL) last issued its quarterly earnings results on Tuesday, November 26th. The company reported $1.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.53 by $0.02. Burlington Stores had a return on equity of 47.52% and a net margin of 4.49%. The firm had revenue of $2.53 billion for the quarter, compared to analyst estimates of $2.55 billion. During the same period in the previous year, the company posted $0.98 earnings per share. The company’s quarterly revenue was up 10.5% compared to the same quarter last year. Equities research analysts forecast that Burlington Stores, Inc. will post 7.92 EPS for the current year.

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.