Argonautica Private Wealth Management Inc. Acquires 1,947 Shares of Burlington Stores, Inc. (NYSE:BURL)

Argonautica Private Wealth Management Inc. grew its stake in shares of Burlington Stores, Inc. (NYSE:BURL) by 111.8% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,689 shares of the company’s stock after purchasing an additional 1,947 shares during the quarter. Argonautica Private Wealth Management Inc.’s holdings in Burlington Stores were worth $972,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. CANADA LIFE ASSURANCE Co increased its holdings in Burlington Stores by 7.4% during the 1st quarter. CANADA LIFE ASSURANCE Co now owns 56,326 shares of the company’s stock worth $13,073,000 after purchasing an additional 3,867 shares during the period. Meeder Asset Management Inc. bought a new stake in shares of Burlington Stores in the first quarter valued at about $1,819,000. Tidal Investments LLC lifted its stake in Burlington Stores by 178.4% in the first quarter. Tidal Investments LLC now owns 6,163 shares of the company’s stock worth $1,431,000 after acquiring an additional 3,949 shares during the period. Cetera Investment Advisers bought a new position in Burlington Stores during the 1st quarter worth about $2,851,000. Finally, Mitsubishi UFJ Trust & Banking Corp increased its position in Burlington Stores by 14.6% during the 1st quarter. Mitsubishi UFJ Trust & Banking Corp now owns 39,584 shares of the company’s stock valued at $9,166,000 after purchasing an additional 5,032 shares during the period.

Burlington Stores Price Performance

Shares of BURL opened at $242.70 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 company’s fifty day moving average price is $262.48 and its 200-day moving average price is $238.45. Burlington Stores, Inc. has a 1-year low of $120.31 and a 1-year high of $282.49. The firm has a market capitalization of $15.45 billion, a PE ratio of 36.50, a price-to-earnings-growth ratio of 1.31 and a beta of 1.64.

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 the consensus estimate of $0.95 by $0.25. Burlington Stores had a return on equity of 47.43% and a net margin of 4.18%. The business had revenue of $2.47 billion for the quarter, compared to the consensus estimate of $2.42 billion. During the same quarter in the previous year, the business earned $0.60 EPS. The company’s quarterly revenue was up 13.4% compared to the same quarter last year. On average, equities research analysts predict that Burlington Stores, Inc. will post 7.91 EPS for the current year.

Analyst Ratings Changes

BURL has been the topic of a number of recent research reports. Wells Fargo & Company increased their price objective on shares of Burlington Stores from $300.00 to $325.00 and gave the company an “overweight” rating in a research note on Friday, August 23rd. TD Cowen increased their target price on Burlington Stores from $279.00 to $288.00 and gave the company a “buy” rating in a research report on Friday, August 30th. Gordon Haskett upgraded Burlington Stores from a “hold” rating to a “buy” rating and set a $300.00 price objective for the company in a research note on Monday, August 19th. JPMorgan Chase & Co. lifted their target price on Burlington Stores from $284.00 to $288.00 and gave the company an “overweight” rating in a research note on Monday, July 22nd. Finally, Evercore ISI increased their price target on shares of Burlington Stores from $300.00 to $315.00 and gave the company an “outperform” rating in a research report on Friday, August 30th. Two analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $294.94.

Insider Activity

In related news, Director Paul Sullivan sold 1,705 shares of the firm’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 completion of the transaction, the director now owns 7,393 shares of the company’s stock, valued at $2,048,230.65. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 0.91% of the company’s stock.

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.