Burlington Stores, Inc. (NYSE:BURL) Shares Bought by Quarry LP

Quarry LP boosted its stake in shares of Burlington Stores, Inc. (NYSE:BURL) by 82,700.0% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 828 shares of the company’s stock after buying an additional 827 shares during the quarter. Quarry LP’s holdings in Burlington Stores were worth $218,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Bank of New York Mellon Corp grew its position in shares of Burlington Stores by 9.1% in the second quarter. Bank of New York Mellon Corp now owns 772,010 shares of the company’s stock valued at $185,282,000 after purchasing an additional 64,410 shares during the last quarter. Massachusetts Financial Services Co. MA raised its stake in shares of Burlington Stores by 1,048.8% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 730,524 shares of the company’s stock valued at $192,478,000 after acquiring an additional 666,934 shares during the period. Anomaly Capital Management LP grew its holdings in Burlington Stores by 34.6% during the 2nd quarter. Anomaly Capital Management LP now owns 730,175 shares of the company’s stock valued at $175,242,000 after purchasing an additional 187,760 shares in the last quarter. Clearbridge Investments LLC grew its holdings in Burlington Stores by 2.2% during the 2nd quarter. Clearbridge Investments LLC now owns 663,527 shares of the company’s stock valued at $159,246,000 after purchasing an additional 14,080 shares in the last quarter. Finally, Artemis Investment Management LLP grew its holdings in Burlington Stores by 7.5% during the 2nd quarter. Artemis Investment Management LLP now owns 607,516 shares of the company’s stock valued at $145,804,000 after purchasing an additional 42,327 shares in the last quarter.

Burlington Stores Price Performance

Burlington Stores stock opened at $292.81 on Friday. Burlington Stores, Inc. has a 12 month low of $173.21 and a 12 month high of $298.89. The stock’s 50 day moving average is $264.19 and its 200-day moving average is $253.24. 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 market capitalization of $18.59 billion, a price-to-earnings ratio of 40.11, a PEG ratio of 1.52 and a beta of 1.64.

Burlington Stores (NYSE:BURL) last posted its earnings results on Tuesday, November 26th. The company reported $1.55 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 quarter in the prior year, the business earned $0.98 earnings per share. The firm’s revenue for the quarter was up 10.5% on a year-over-year basis. Equities research analysts expect that Burlington Stores, Inc. will post 7.93 EPS for the current year.

Insider Activity

In related news, CMO Jennifer Vecchio sold 494 shares of the stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $293.89, for a total transaction of $145,181.66. Following the sale, the chief marketing officer now owns 59,931 shares of the company’s stock, valued at $17,613,121.59. This represents a 0.82 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Paul Sullivan sold 1,705 shares of the 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 sale, the director now directly owns 7,393 shares in the company, valued at $2,048,230.65. This represents a 18.74 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 2,283 shares of company stock valued at $638,628. 0.91% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on BURL shares. Evercore ISI raised their price target on shares of Burlington Stores from $315.00 to $340.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 27th. Loop Capital boosted their price target on shares of Burlington Stores from $270.00 to $345.00 and gave the stock a “buy” rating in a research report on Friday, August 30th. Bank of America boosted their price target on shares of Burlington Stores from $275.00 to $315.00 and gave the stock a “buy” rating in a research report on Friday, August 30th. The Goldman Sachs Group increased their price objective on Burlington Stores from $278.00 to $310.00 and gave the company a “buy” rating in a research report on Friday, August 30th. Finally, Gordon Haskett raised shares of 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. Two investment analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $307.69.

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.