R Squared Ltd Acquires New Shares in Burlington Stores, Inc. (NYSE:BURL)

R Squared Ltd bought a new position in Burlington Stores, Inc. (NYSE:BURL) in the fourth quarter, HoldingsChannel reports. The fund bought 357 shares of the company’s stock, valued at approximately $102,000.

Several other hedge funds and other institutional investors have also bought and sold shares of BURL. KBC Group NV raised its holdings in shares of Burlington Stores by 8.4% during the fourth quarter. KBC Group NV now owns 40,717 shares of the company’s stock valued at $11,607,000 after purchasing an additional 3,154 shares during the last quarter. Blue Trust Inc. grew its position in Burlington Stores by 69.4% in the 4th quarter. Blue Trust Inc. now owns 1,096 shares of the company’s stock worth $289,000 after purchasing an additional 449 shares during the period. Flagship Harbor Advisors LLC purchased a new stake in Burlington Stores during the 4th quarter valued at $223,000. Toth Financial Advisory Corp bought a new position in shares of Burlington Stores during the 4th quarter valued at $322,000. Finally, Tributary Capital Management LLC boosted its stake in shares of Burlington Stores by 46.7% in the 4th quarter. Tributary Capital Management LLC now owns 7,320 shares of the company’s stock worth $2,087,000 after buying an additional 2,329 shares during the last quarter.

Burlington Stores Stock Up 1.3 %

Shares of BURL opened at $293.73 on Friday. Burlington Stores, Inc. has a 12-month low of $174.64 and a 12-month high of $298.89. 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 $18.65 billion, a PE ratio of 40.24, a price-to-earnings-growth ratio of 1.55 and a beta of 1.63. The business’s 50 day moving average is $288.26 and its 200 day moving average is $269.99.

Burlington Stores (NYSE:BURL) last released its quarterly earnings data on Tuesday, November 26th. The company reported $1.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.54 by $0.01. 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 analysts’ expectations of $2.55 billion. During the same quarter last year, the business posted $0.98 earnings per share. The company’s revenue for the quarter was up 10.5% compared to the same quarter last year. Research analysts expect that Burlington Stores, Inc. will post 7.93 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, CMO Jennifer Vecchio sold 494 shares of Burlington Stores stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $284.95, for a total value of $140,765.30. Following the sale, the chief marketing officer now directly owns 59,437 shares of the company’s stock, valued at approximately $16,936,573.15. The trade was a 0.82 % 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.

Analysts Set New Price Targets

A number of research analysts have weighed in on the company. Citigroup increased their target price on Burlington Stores from $313.00 to $344.00 and gave the company a “buy” rating in a report on Wednesday, November 27th. Barclays dropped their price objective on shares of Burlington Stores from $327.00 to $317.00 and set an “overweight” rating on the stock in a report on Wednesday, November 27th. Morgan Stanley upped their target price on shares of Burlington Stores from $285.00 to $305.00 and gave the company an “overweight” rating in a report on Wednesday, November 27th. Evercore ISI lifted their price target on shares of Burlington Stores from $315.00 to $340.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 27th. Finally, StockNews.com lowered Burlington Stores from a “buy” rating to a “hold” rating in a research note on Wednesday, October 23rd. One research analyst has rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $317.87.

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.