Petrus Trust Company LTA Makes New $616,000 Investment in Burlington Stores, Inc. (NYSE:BURL)

Petrus Trust Company LTA acquired a new position in Burlington Stores, Inc. (NYSE:BURL) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 2,338 shares of the company’s stock, valued at approximately $616,000.

Other institutional investors have also added to or reduced their stakes in the company. Sumitomo Mitsui Trust Group Inc. grew its position in Burlington Stores by 2.3% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 145,552 shares of the company’s stock worth $38,350,000 after purchasing an additional 3,246 shares in the last quarter. Alpha DNA Investment Management LLC bought a new position in shares of Burlington Stores during the 3rd quarter valued at approximately $764,000. Cetera Investment Advisers bought a new position in shares of Burlington Stores during the 1st quarter valued at approximately $2,851,000. Dai ichi Life Insurance Company Ltd bought a new position in shares of Burlington Stores during the 3rd quarter valued at approximately $1,190,000. Finally, Hsbc Holdings PLC grew its position in shares of Burlington Stores by 5.5% during the 2nd quarter. Hsbc Holdings PLC now owns 43,486 shares of the company’s stock valued at $10,435,000 after acquiring an additional 2,258 shares during the period.

Burlington Stores Stock Performance

Burlington Stores stock opened at $291.03 on Thursday. The firm’s fifty day moving average price is $263.83 and its 200-day moving average price is $252.96. The company has a debt-to-equity ratio of 1.35, a quick ratio of 0.54 and a current ratio of 1.17. The stock has a market cap of $18.47 billion, a P/E ratio of 39.87, a price-to-earnings-growth ratio of 1.55 and a beta of 1.64. Burlington Stores, Inc. has a fifty-two week low of $173.21 and a fifty-two week high of $298.89.

Burlington Stores (NYSE:BURL) last posted its quarterly earnings data on Tuesday, November 26th. The company reported $1.55 earnings per share for the quarter, beating the consensus estimate of $1.54 by $0.01. The firm had revenue of $2.53 billion for the quarter, compared to analysts’ expectations of $2.55 billion. Burlington Stores had a net margin of 4.49% and a return on equity of 47.52%. The business’s quarterly revenue was up 10.5% on a year-over-year basis. During the same quarter last year, the company posted $0.98 EPS. On average, equities research analysts expect that Burlington Stores, Inc. will post 7.93 earnings per share for the current fiscal year.

Insider Activity

In related news, CMO Jennifer Vecchio sold 494 shares of the 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. This trade represents a 0.82 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Paul Sullivan sold 1,705 shares of the 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 transaction, the director now directly owns 7,393 shares in the company, valued at approximately $2,048,230.65. This represents a 18.74 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 2,283 shares of company stock worth $638,628. 0.91% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on BURL. UBS Group increased their target price on shares of Burlington Stores from $270.00 to $280.00 and gave the company a “neutral” rating in a research report on Thursday, November 14th. Loop Capital increased their target price on shares of Burlington Stores from $270.00 to $345.00 and gave the company a “buy” rating in a research report on Friday, August 30th. Gordon Haskett upgraded shares of Burlington Stores from a “hold” rating to a “buy” rating and set a $300.00 price target on the stock in a research note on Monday, August 19th. StockNews.com cut shares of Burlington Stores from a “buy” rating to a “hold” rating in a research note on Wednesday, October 23rd. Finally, Robert W. Baird upped their price target on shares of Burlington Stores from $315.00 to $330.00 and gave the company an “outperform” rating in a research note on Wednesday, November 27th. Two investment analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $307.69.

Burlington Stores Company 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.