Mather Group LLC. Takes $48,000 Position in Burlington Stores, Inc. (NYSE:BURL)

Mather Group LLC. purchased a new stake in Burlington Stores, Inc. (NYSE:BURL) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 208 shares of the company’s stock, valued at approximately $48,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Pacer Advisors Inc. bought a new stake in shares of Burlington Stores during the 4th quarter valued at about $1,875,000. Amalgamated Bank boosted its position in shares of Burlington Stores by 416.8% during the 4th quarter. Amalgamated Bank now owns 37,487 shares of the company’s stock valued at $7,290,000 after purchasing an additional 30,233 shares in the last quarter. Louisiana State Employees Retirement System bought a new stake in shares of Burlington Stores during the 4th quarter valued at about $3,540,000. State of Alaska Department of Revenue boosted its position in shares of Burlington Stores by 77.8% during the 4th quarter. State of Alaska Department of Revenue now owns 16,481 shares of the company’s stock valued at $3,204,000 after purchasing an additional 7,210 shares in the last quarter. Finally, Clearbridge Investments LLC boosted its holdings in Burlington Stores by 19.3% in the fourth quarter. Clearbridge Investments LLC now owns 631,148 shares of the company’s stock worth $122,746,000 after acquiring an additional 101,950 shares in the last quarter.

Burlington Stores Stock Performance

Shares of BURL opened at $239.98 on Monday. The company has a current ratio of 1.07, a quick ratio of 0.52 and a debt-to-equity ratio of 1.20. The company has a market capitalization of $15.32 billion, a price-to-earnings ratio of 40.20, a PEG ratio of 1.27 and a beta of 1.61. The stock has a 50 day moving average of $203.03 and a 200 day moving average of $201.68. Burlington Stores, Inc. has a 12 month low of $115.66 and a 12 month high of $243.64.

Burlington Stores (NYSE:BURL) last issued its quarterly earnings results on Thursday, May 30th. The company reported $1.42 EPS for the quarter, beating analysts’ consensus estimates of $1.04 by $0.38. The company had revenue of $2.36 billion during the quarter, compared to the consensus estimate of $2.34 billion. Burlington Stores had a return on equity of 46.39% and a net margin of 3.87%. Burlington Stores’s revenue was up 10.7% on a year-over-year basis. During the same period last year, the business posted $0.84 earnings per share. As a group, sell-side analysts forecast that Burlington Stores, Inc. will post 7.6 earnings per share for the current year.

Analyst Ratings Changes

Several research analysts have issued reports on BURL shares. Robert W. Baird increased their price target on Burlington Stores from $260.00 to $275.00 and gave the stock an “outperform” rating in a report on Friday, May 31st. Barclays increased their price target on Burlington Stores from $252.00 to $274.00 and gave the stock an “overweight” rating in a report on Friday, May 31st. Citigroup increased their price target on Burlington Stores from $258.00 to $276.00 and gave the stock a “buy” rating in a report on Friday, May 31st. Bank of America increased their price target on Burlington Stores from $250.00 to $275.00 and gave the stock a “buy” rating in a report on Friday, May 31st. Finally, TD Cowen increased their price target on Burlington Stores from $209.00 to $257.00 and gave the stock a “hold” rating in a report on Friday, May 31st. Three research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $246.87.

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.