Qsemble Capital Management LP Buys Shares of 1,713 Burlington Stores, Inc. (NYSE:BURL)

Qsemble Capital Management LP bought a new stake in Burlington Stores, Inc. (NYSE:BURL) during the 3rd quarter, Holdings Channel.com reports. The institutional investor bought 1,713 shares of the company’s stock, valued at approximately $451,000.

Several other large investors also recently bought and sold shares of the company. Tributary Capital Management LLC grew its holdings in Burlington Stores by 1.0% in the third quarter. Tributary Capital Management LLC now owns 4,991 shares of the company’s stock valued at $1,315,000 after purchasing an additional 50 shares during the last quarter. GAMMA Investing LLC grew its holdings in Burlington Stores by 20.4% in the second quarter. GAMMA Investing LLC now owns 313 shares of the company’s stock valued at $75,000 after purchasing an additional 53 shares during the last quarter. Signaturefd LLC grew its holdings in Burlington Stores by 9.1% in the second quarter. Signaturefd LLC now owns 648 shares of the company’s stock valued at $156,000 after purchasing an additional 54 shares during the last quarter. Mount Lucas Management LP grew its holdings in Burlington Stores by 2.4% in the third quarter. Mount Lucas Management LP now owns 2,266 shares of the company’s stock valued at $597,000 after purchasing an additional 54 shares during the last quarter. Finally, OneDigital Investment Advisors LLC lifted its position in shares of Burlington Stores by 5.5% in the third quarter. OneDigital Investment Advisors LLC now owns 1,027 shares of the company’s stock valued at $271,000 after acquiring an additional 54 shares in the last quarter.

Burlington Stores Stock Performance

Burlington Stores stock opened at $288.60 on Thursday. The stock’s 50-day moving average is $262.06 and its 200-day moving average is $249.44. The company has a market cap of $18.37 billion, a price-to-earnings ratio of 43.40, a price-to-earnings-growth ratio of 1.48 and a beta of 1.64. 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, Inc. has a 12 month low of $168.49 and a 12 month high of $298.89.

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, beating analysts’ consensus estimates of $1.53 by $0.02. Burlington Stores had a return on equity of 47.43% and a net margin of 4.18%. The business had revenue of $2.53 billion during the quarter, compared to analyst estimates of $2.55 billion. During the same quarter last year, the firm earned $0.98 earnings per share. The company’s revenue for the quarter was up 10.5% compared to the same quarter last year. Equities analysts anticipate that Burlington Stores, Inc. will post 7.94 earnings per share for the current year.

Insider Activity

In other news, Director Paul Sullivan sold 1,705 shares of the 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 completion of the sale, the director now owns 7,393 shares in the company, valued at approximately $2,048,230.65. This trade represents a 18.74 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.91% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently issued reports on BURL shares. Gordon Haskett upgraded Burlington Stores from a “hold” rating to a “buy” rating and set a $300.00 price objective on the stock in a research report on Monday, August 19th. The Goldman Sachs Group upped 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. Robert W. Baird upped their price objective on Burlington Stores from $315.00 to $330.00 and gave the company an “outperform” rating in a research report on Wednesday. Morgan Stanley upped their price objective on Burlington Stores from $285.00 to $305.00 and gave the company an “overweight” rating in a research report on Wednesday. Finally, Telsey Advisory Group restated an “outperform” rating and issued a $310.00 price objective on shares of Burlington Stores in a research report on Tuesday. Two equities research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. According to data from MarketBeat, the company has an average 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.