Select Equity Group L.P. Has $52.03 Million Position in Burlington Stores, Inc. (NYSE:BURL)

Select Equity Group L.P. raised its holdings in Burlington Stores, Inc. (NYSE:BURL) by 12.9% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 216,802 shares of the company’s stock after acquiring an additional 24,807 shares during the quarter. Select Equity Group L.P. owned about 0.34% of Burlington Stores worth $52,032,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Crewe Advisors LLC acquired a new stake in shares of Burlington Stores in the 2nd quarter valued at approximately $25,000. ORG Partners LLC acquired a new stake in Burlington Stores in the second quarter worth $38,000. Rise Advisors LLC bought a new position in shares of Burlington Stores during the first quarter worth $40,000. Blue Trust Inc. grew its holdings in shares of Burlington Stores by 619.2% in the 2nd quarter. Blue Trust Inc. now owns 187 shares of the company’s stock valued at $43,000 after buying an additional 161 shares during the period. Finally, American National Bank bought a new stake in shares of Burlington Stores in the 2nd quarter valued at $47,000.

Burlington Stores Price Performance

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

Burlington Stores (NYSE:BURL) last posted 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. The firm had revenue of $2.47 billion during the quarter, compared to the consensus estimate 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 period last year, the company earned $0.60 earnings per share. As a group, sell-side analysts predict that Burlington Stores, Inc. will post 7.91 earnings per share for the current fiscal year.

Insider Activity at Burlington Stores

In other Burlington Stores news, Director Paul Sullivan sold 1,705 shares of the company’s 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 sale, 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 is accessible through this hyperlink. In other news, CMO Jennifer Vecchio sold 494 shares of Burlington Stores stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $255.37, for a total transaction of $126,152.78. Following the completion of the transaction, 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 filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Paul Sullivan sold 1,705 shares of the business’s 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 $2,048,230.65. The disclosure for this sale can be found here. 0.91% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several research analysts have weighed in on BURL shares. Evercore ISI lifted their target price on Burlington Stores from $300.00 to $315.00 and gave the stock an “outperform” rating in a report on Friday, August 30th. BMO Capital Markets boosted their price objective on Burlington Stores from $227.00 to $240.00 and gave the company an “outperform” rating in a research report on Friday, May 31st. Morgan Stanley increased their target price on Burlington Stores from $284.00 to $300.00 and gave the stock an “overweight” rating in a research note on Friday, August 30th. Citigroup lifted their price target on shares of Burlington Stores from $276.00 to $313.00 and gave the company a “buy” rating in a research note on Friday, August 30th. Finally, Gordon Haskett raised shares of Burlington Stores from a “hold” rating to a “buy” rating and set a $300.00 price objective for the company in a research report on Monday, August 19th. One investment analyst has rated the stock with a hold rating and sixteen have issued a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus 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.