Vinva Investment Management Ltd Purchases 11,818 Shares of Burlington Stores, Inc. (NYSE:BURL)

Vinva Investment Management Ltd boosted its holdings in shares of Burlington Stores, Inc. (NYSE:BURL) by 263.5% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,303 shares of the company’s stock after buying an additional 11,818 shares during the period. Vinva Investment Management Ltd’s holdings in Burlington Stores were worth $4,323,000 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 Burlington Stores during the second quarter worth $25,000. RPg Family Wealth Advisory LLC bought a new position in shares of Burlington Stores during the third quarter valued at $26,000. Brooklyn Investment Group bought a new position in shares of Burlington Stores during the third quarter valued at $33,000. ORG Partners LLC bought a new position in shares of Burlington Stores during the second quarter valued at $38,000. Finally, Blue Trust Inc. raised its holdings in shares of Burlington Stores by 619.2% in the second 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 last quarter.

Burlington Stores Price Performance

Burlington Stores stock opened at $288.36 on Friday. The firm has a market capitalization of $18.36 billion, a P/E ratio of 43.36, a PEG ratio of 1.48 and a beta of 1.64. Burlington Stores, Inc. has a 1 year low of $168.49 and a 1 year high of $298.89. The business has a 50-day moving average of $262.41 and a 200-day moving average of $249.71. The company has a current ratio of 1.04, a quick ratio of 0.48 and a debt-to-equity ratio of 1.15.

Burlington Stores (NYSE:BURL) last posted its earnings results on Tuesday, November 26th. The company reported $1.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.53 by $0.02. The company had revenue of $2.53 billion during the quarter, compared to analyst estimates of $2.55 billion. Burlington Stores had a return on equity of 47.43% and a net margin of 4.18%. The company’s revenue for the quarter was up 10.5% compared to the same quarter last year. During the same period in the previous year, the company earned $0.98 EPS. On average, equities analysts anticipate that Burlington Stores, Inc. will post 7.94 EPS for the current year.

Insider Transactions at Burlington Stores

In related news, 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 completion of the transaction, the director now directly owns 7,393 shares in the company, valued at approximately $2,048,230.65. The trade was a 18.74 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.91% of the company’s stock.

Analysts Set New Price Targets

BURL has been the subject of a number of research analyst reports. Barclays cut their price target on Burlington Stores from $327.00 to $317.00 and set an “overweight” rating for the company in a report on Wednesday. Robert W. Baird lifted their price target on Burlington Stores from $315.00 to $330.00 and gave the company an “outperform” rating in a report on Wednesday. Bank of America lifted their price target on Burlington Stores from $275.00 to $315.00 and gave the company a “buy” rating in a report on Friday, August 30th. Evercore ISI lifted their price target on Burlington Stores from $315.00 to $340.00 and gave the company an “outperform” rating in a report on Wednesday. Finally, UBS Group boosted their price objective on Burlington Stores from $270.00 to $280.00 and gave the stock a “neutral” rating in a report on Thursday, November 14th. Two investment analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. According to data from MarketBeat, Burlington Stores currently has an average rating of “Moderate Buy” and an average target price of $307.69.

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.