Burlington Stores, Inc. (NYSE:BURL) Stake Boosted by GAMMA Investing LLC

GAMMA Investing LLC raised its position in shares of Burlington Stores, Inc. (NYSE:BURL) by 77.1% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 907 shares of the company’s stock after buying an additional 395 shares during the period. GAMMA Investing LLC’s holdings in Burlington Stores were worth $259,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. National Bank of Canada FI boosted its stake in Burlington Stores by 8,590.4% in the 2nd quarter. National Bank of Canada FI now owns 20,857 shares of the company’s stock worth $4,860,000 after purchasing an additional 20,617 shares during the period. Victory Capital Management Inc. grew its holdings in shares of Burlington Stores by 585.2% during the second quarter. Victory Capital Management Inc. now owns 170,565 shares of the company’s stock valued at $40,936,000 after buying an additional 145,672 shares in the last quarter. Savant Capital LLC purchased a new stake in Burlington Stores in the 2nd quarter worth about $1,326,000. Acadian Asset Management LLC acquired a new stake in Burlington Stores during the 2nd quarter worth about $410,000. Finally, Choreo LLC purchased a new position in Burlington Stores during the 2nd quarter valued at about $280,000.

Insider Transactions at Burlington Stores

In related news, CMO Jennifer Vecchio sold 494 shares of the business’s stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $293.89, for a total transaction of $145,181.66. Following the transaction, the chief marketing officer now owns 59,931 shares of the company’s stock, valued at approximately $17,613,121.59. The trade was a 0.82 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Corporate insiders own 0.91% of the company’s stock.

Burlington Stores Price Performance

NYSE BURL opened at $281.33 on Wednesday. The company has a market cap of $17.86 billion, a P/E ratio of 38.54, a P/E/G ratio of 1.58 and a beta of 1.63. Burlington Stores, Inc. has a 1 year low of $174.64 and a 1 year high of $298.89. The company has a current ratio of 1.17, a quick ratio of 0.54 and a debt-to-equity ratio of 1.35. The company has a fifty day simple moving average of $278.97 and a 200 day simple moving average of $264.58.

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 $1.54 by $0.01. Burlington Stores had a return on equity of 47.52% and a net margin of 4.49%. The company had revenue of $2.53 billion for the quarter, compared to the consensus estimate of $2.55 billion. During the same period last year, the business posted $0.98 earnings per share. The firm’s revenue was up 10.5% compared to the same quarter last year. On average, sell-side analysts predict that Burlington Stores, Inc. will post 7.93 EPS for the current year.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the stock. Morgan Stanley increased their price target on shares of Burlington Stores from $285.00 to $305.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 27th. StockNews.com cut shares of Burlington Stores from a “buy” rating to a “hold” rating in a report on Wednesday, October 23rd. Citigroup increased their price objective on Burlington Stores from $313.00 to $344.00 and gave the stock a “buy” rating in a report on Wednesday, November 27th. Barclays lowered their target price on Burlington Stores from $327.00 to $317.00 and set an “overweight” rating on the stock in a research note on Wednesday, November 27th. Finally, TD Cowen upped their target price on Burlington Stores from $334.00 to $339.00 and gave the stock a “buy” rating in a research report on Thursday, December 12th. Two investment analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $308.00.

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.