Burlington Stores, Inc. (NYSE:BURL) Shares Acquired by Scientech Research LLC

Scientech Research LLC increased its position in shares of Burlington Stores, Inc. (NYSE:BURL) by 181.4% in the second quarter, HoldingsChannel reports. The firm owned 5,464 shares of the company’s stock after acquiring an additional 3,522 shares during the quarter. Scientech Research LLC’s holdings in Burlington Stores were worth $1,311,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently bought and sold shares of BURL. Select Equity Group L.P. lifted its position in Burlington Stores by 12.9% during the second quarter. Select Equity Group L.P. now owns 216,802 shares of the company’s stock valued at $52,032,000 after purchasing an additional 24,807 shares during the period. Shellback Capital LP boosted its stake in shares of Burlington Stores by 16.7% in the second quarter. Shellback Capital LP now owns 35,000 shares of the company’s stock worth $8,400,000 after buying an additional 5,000 shares during the last quarter. MBB Public Markets I LLC acquired a new stake in Burlington Stores during the second quarter worth about $1,099,000. APG Asset Management N.V. raised its position in Burlington Stores by 160.7% during the second quarter. APG Asset Management N.V. now owns 7,950 shares of the company’s stock valued at $1,780,000 after acquiring an additional 4,900 shares in the last quarter. Finally, AQR Capital Management LLC lifted its holdings in Burlington Stores by 2,542.2% in the second quarter. AQR Capital Management LLC now owns 247,970 shares of the company’s stock valued at $59,114,000 after acquiring an additional 238,585 shares during the period.

Burlington Stores Price Performance

Burlington Stores stock opened at $265.10 on Friday. The company has a fifty day simple moving average of $263.36 and a 200-day simple moving average of $231.61. The company has a quick ratio of 0.48, a current ratio of 1.04 and a debt-to-equity ratio of 1.15. The firm has a market capitalization of $16.92 billion, a price-to-earnings ratio of 44.41, a PEG ratio of 1.39 and a beta of 1.64. Burlington Stores, Inc. has a 52-week low of $115.66 and a 52-week high of $282.49.

Burlington Stores (NYSE:BURL) last released its quarterly earnings data on Thursday, August 29th. The company reported $1.20 EPS 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 company had revenue of $2.47 billion during the quarter, compared to the consensus estimate of $2.42 billion. During the same quarter in the prior year, the firm earned $0.60 EPS. Burlington Stores’s quarterly revenue was up 13.4% on a year-over-year basis. On average, equities analysts anticipate that Burlington Stores, Inc. will post 7.91 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on BURL shares. Telsey Advisory Group reaffirmed an “outperform” rating and set a $300.00 price objective on shares of Burlington Stores in a research note on Thursday, August 29th. Loop Capital increased their target price on shares of Burlington Stores from $270.00 to $345.00 and gave the stock a “buy” rating in a research note on Friday, August 30th. Robert W. Baird upped their price target on Burlington Stores from $260.00 to $275.00 and gave the stock an “outperform” rating in a report on Friday, May 31st. Evercore ISI raised their price objective on Burlington Stores from $300.00 to $315.00 and gave the company an “outperform” rating in a report on Friday, August 30th. Finally, TD Cowen upped their target price on Burlington Stores from $279.00 to $288.00 and gave the stock a “buy” rating in a research note on Friday, August 30th. One research analyst has rated the stock with a hold rating and sixteen have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $294.94.

Insider Activity at Burlington Stores

In other news, Director Paul Sullivan sold 1,705 shares of Burlington Stores stock in a transaction 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 transaction, the director now owns 7,393 shares in the company, valued at approximately $2,048,230.65. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In related news, CMO Jennifer Vecchio sold 494 shares of the 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 completion of the transaction, the chief marketing officer now directly owns 61,907 shares in the company, valued at $15,809,190.59. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Paul Sullivan sold 1,705 shares of Burlington Stores stock in a transaction on Thursday, September 19th. The shares were 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 in the company, valued at approximately $2,048,230.65. 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.