Burlington Stores, Inc. (NYSE:BURL) Shares Purchased by Silvant Capital Management LLC

Silvant Capital Management LLC boosted its stake in Burlington Stores, Inc. (NYSE:BURL) by 25.9% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 13,867 shares of the company’s stock after acquiring an additional 2,854 shares during the period. Silvant Capital Management LLC’s holdings in Burlington Stores were worth $3,654,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of BURL. AQR Capital Management LLC boosted its position in shares of Burlington Stores by 2,542.2% in the 2nd quarter. AQR Capital Management LLC now owns 247,970 shares of the company’s stock worth $59,114,000 after buying an additional 238,585 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Burlington Stores by 54.8% in the second quarter. Dimensional Fund Advisors LP now owns 587,376 shares of the company’s stock worth $140,968,000 after acquiring an additional 207,959 shares during the last quarter. Marshall Wace LLP purchased a new position in shares of Burlington Stores in the 2nd quarter worth $47,725,000. Assenagon Asset Management S.A. grew its holdings in shares of Burlington Stores by 1,917.3% during the 2nd quarter. Assenagon Asset Management S.A. now owns 207,260 shares of the company’s stock worth $49,742,000 after purchasing an additional 196,986 shares during the period. Finally, Anomaly Capital Management LP increased its position in shares of Burlington Stores by 34.6% in the second quarter. Anomaly Capital Management LP now owns 730,175 shares of the company’s stock worth $175,242,000 after acquiring an additional 187,760 shares in the last quarter.

Insider Activity at Burlington Stores

In related news, Director Paul Sullivan sold 1,705 shares of the company’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 transaction, the director now directly owns 7,393 shares of the company’s stock, valued at approximately $2,048,230.65. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.91% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

BURL has been the topic of a number of recent analyst reports. Barclays upped their target price on Burlington Stores from $274.00 to $327.00 and gave the company an “overweight” rating in a research report on Friday, August 30th. Wells Fargo & Company upped their price objective on shares of Burlington Stores from $300.00 to $325.00 and gave the stock an “overweight” rating in a report on Friday, August 23rd. Citigroup upped their price objective on Burlington Stores from $276.00 to $313.00 and gave the company a “buy” rating in a report on Friday, August 30th. JPMorgan Chase & Co. increased their price objective on Burlington Stores from $284.00 to $288.00 and gave the company an “overweight” rating in a research report on Monday, July 22nd. Finally, Bank of America increased 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. Two equities research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $294.94.

Burlington Stores Stock Performance

Shares of BURL opened at $242.70 on Friday. The firm has a market cap of $15.45 billion, a PE ratio of 36.52, a PEG ratio of 1.31 and a beta of 1.64. The stock’s fifty day moving average price is $262.48 and its two-hundred 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 company has a debt-to-equity ratio of 1.15, a current ratio of 1.04 and a quick ratio of 0.48.

Burlington Stores (NYSE:BURL) last posted its 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. The firm had revenue of $2.47 billion for the quarter, compared to the consensus estimate of $2.42 billion. Burlington Stores had a return on equity of 47.43% and a net margin of 4.18%. The business’s revenue for the quarter was up 13.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.60 EPS. On average, equities research analysts forecast that Burlington Stores, Inc. will post 7.91 EPS for the current year.

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.