Stephens Investment Management Group LLC Increases Holdings in Burlington Stores, Inc. (NYSE:BURL)

by · The Cerbat Gem

Stephens Investment Management Group LLC raised its holdings in Burlington Stores, Inc. (NYSE:BURL – Free Report) by 2.0% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 403,981 shares of the company’s stock after buying an additional 7,859 shares during the quarter. Burlington Stores comprises 1.5% of Stephens Investment Management Group LLC’s investment portfolio, making the stock its 12th largest position. Stephens Investment Management Group LLC owned approximately 0.63% of Burlington Stores worth $106,441,000 as of its most recent SEC filing.

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

Insiders Place Their Bets

In other news, Director Paul Sullivan sold 1,705 shares of Burlington Stores stock in a transaction dated 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 of the company’s stock, valued at approximately $2,048,230.65. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.91% of the company’s stock.

Burlington Stores Trading Down 3.7 %

Shares of Burlington Stores stock opened at $247.77 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 stock has a market capitalization of $15.77 billion, a PE ratio of 37.26, a P/E/G ratio of 1.31 and a beta of 1.64. Burlington Stores, Inc. has a 1-year low of $117.09 and a 1-year high of $282.49. The company’s fifty day simple moving average is $263.54 and its 200-day simple moving average is $237.98.

Burlington Stores (NYSE:BURL – Get Free Report) last posted its quarterly earnings results on Thursday, August 29th. The company reported $1.20 earnings per share for the quarter, topping analysts’ consensus estimates of $0.95 by $0.25. Burlington Stores had a net margin of 4.18% and a return on equity of 47.43%. The business had revenue of $2.47 billion during the quarter, compared to analyst estimates of $2.42 billion. During the same period in the prior year, the business posted $0.60 earnings per share. The company’s revenue was up 13.4% on a year-over-year basis. As a group, equities analysts anticipate that Burlington Stores, Inc. will post 7.91 earnings per share for the current year.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on BURL shares. Evercore ISI lifted their target price on shares of Burlington Stores from $300.00 to $315.00 and gave the company an “outperform” rating in a report on Friday, August 30th. Gordon Haskett upgraded Burlington Stores from a “hold” rating to a “buy” rating and set a $300.00 price target for the company in a report on Monday, August 19th. Wells Fargo & Company upped their price target on shares of Burlington Stores from $300.00 to $325.00 and gave the stock an “overweight” rating in a research note on Friday, August 23rd. StockNews.com lowered shares of Burlington Stores from a “buy” rating to a “hold” rating in a research note on Wednesday, October 23rd. Finally, Morgan Stanley upped their target price on shares of Burlington Stores from $284.00 to $300.00 and gave the stock an “overweight” rating in a research note on Friday, August 30th. Two investment analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. According to data from MarketBeat.com, Burlington Stores has a consensus rating of “Moderate Buy” and a consensus price target of $294.94.

Get Our Latest Report on BURL

About Burlington Stores

(Free Report)

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.

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