Atom Investors LP Acquires Shares of 9,776 Burlington Stores, Inc. (NYSE:BURL)

Atom Investors LP acquired a new position in Burlington Stores, Inc. (NYSE:BURL) in the 3rd quarter, Holdings Channel reports. The firm acquired 9,776 shares of the company’s stock, valued at approximately $2,576,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Crewe Advisors LLC bought a new position in Burlington Stores in the second quarter worth about $25,000. RPg Family Wealth Advisory LLC purchased a new position in shares of Burlington Stores during the 3rd quarter worth approximately $26,000. Brooklyn Investment Group bought a new position in shares of Burlington Stores in the 3rd quarter worth approximately $33,000. ORG Partners LLC purchased a new position in shares of Burlington Stores in the 2nd quarter valued at approximately $38,000. Finally, Blue Trust Inc. boosted its position in shares of Burlington Stores by 619.2% during the second quarter. Blue Trust Inc. now owns 187 shares of the company’s stock valued at $43,000 after purchasing an additional 161 shares in the last quarter.

Burlington Stores Trading Up 3.0 %

Burlington Stores stock opened at $290.47 on Tuesday. Burlington Stores, Inc. has a one year low of $172.80 and a one year high of $298.89. The business’s fifty day moving average is $262.90 and its 200 day moving average is $251.37. The stock has a market capitalization of $18.44 billion, a PE ratio of 39.79, a price-to-earnings-growth ratio of 1.44 and a beta of 1.64. The company has a debt-to-equity ratio of 1.35, a current ratio of 1.17 and a quick ratio of 0.48.

Burlington Stores (NYSE:BURL) last announced its quarterly 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 net margin of 4.49% and a return on equity of 47.52%. The firm had revenue of $2.53 billion for the quarter, compared to the consensus estimate of $2.55 billion. During the same quarter last year, the firm posted $0.98 EPS. The business’s quarterly revenue was up 10.5% compared to the same quarter last year. On average, sell-side analysts predict that Burlington Stores, Inc. will post 7.92 EPS for the current year.

Analyst Ratings Changes

A number of equities analysts have issued reports on BURL shares. UBS Group increased their price objective on Burlington Stores from $270.00 to $280.00 and gave the stock a “neutral” rating in a report on Thursday, November 14th. TD Cowen increased their price target on shares of Burlington Stores from $288.00 to $334.00 and gave the stock a “buy” rating in a research note on Monday, November 25th. Bank of America boosted their price objective on shares of Burlington Stores from $275.00 to $315.00 and gave the stock a “buy” rating in a research note on Friday, August 30th. Citigroup raised their target price on shares of Burlington Stores from $313.00 to $344.00 and gave the company a “buy” rating in a research note on Wednesday, November 27th. Finally, Loop Capital boosted their price target on Burlington Stores from $270.00 to $345.00 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 company’s stock. According to data from MarketBeat, Burlington Stores presently has a consensus rating of “Moderate Buy” and an average price target of $307.69.

Insiders Place Their Bets

In other Burlington Stores news, Director Paul Sullivan sold 1,705 shares of the stock in a transaction that occurred on Thursday, September 19th. The shares were 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 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 legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.91% of the stock is currently owned by insiders.

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.