Renaissance Technologies LLC Purchases Shares of 91,200 Burlington Stores, Inc. (NYSE:BURL)

Renaissance Technologies LLC purchased a new stake in Burlington Stores, Inc. (NYSE:BURL) during the second quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 91,200 shares of the company’s stock, valued at approximately $21,888,000. Renaissance Technologies LLC owned 0.14% of Burlington Stores as of its most recent filing with the SEC.

Several other large investors have also recently made changes to their positions in the stock. GAMMA Investing LLC raised its position 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 period. Park Avenue Securities LLC grew its stake in shares of Burlington Stores by 3.4% in the first quarter. Park Avenue Securities LLC now owns 1,661 shares of the company’s stock valued at $386,000 after buying an additional 54 shares in the last quarter. Signaturefd LLC raised its holdings in shares of Burlington Stores by 9.1% in the 2nd quarter. Signaturefd LLC now owns 648 shares of the company’s stock valued at $156,000 after buying an additional 54 shares during the period. Atomi Financial Group Inc. lifted its stake in Burlington Stores by 6.5% during the 2nd quarter. Atomi Financial Group Inc. now owns 1,066 shares of the company’s stock worth $256,000 after acquiring an additional 65 shares in the last quarter. Finally, Sequoia Financial Advisors LLC boosted its holdings in Burlington Stores by 2.8% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 2,623 shares of the company’s stock valued at $630,000 after acquiring an additional 71 shares during the period.

Burlington Stores Trading Down 1.3 %

BURL opened at $271.39 on Friday. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.48 and a current ratio of 1.04. Burlington Stores, Inc. has a one year low of $115.66 and a one year high of $282.49. The company has a market cap of $17.32 billion, a P/E ratio of 45.46, a PEG ratio of 1.37 and a beta of 1.64. The business’s 50-day simple moving average is $260.50 and its 200-day simple moving average is $229.16.

Burlington Stores (NYSE:BURL) last announced its quarterly earnings results on Thursday, August 29th. The company reported $1.20 EPS for the quarter, beating the consensus estimate of $0.95 by $0.25. Burlington Stores had a net margin of 4.18% and a return on equity of 47.43%. The company had revenue of $2.47 billion for the quarter, compared to analyst estimates of $2.42 billion. During the same period in the prior year, the firm posted $0.60 earnings per share. The firm’s revenue was up 13.4% on a year-over-year basis. As a group, equities research analysts expect that Burlington Stores, Inc. will post 7.86 EPS for the current fiscal year.

Insider Buying and Selling

In related news, CMO Jennifer Vecchio sold 494 shares of the business’s stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $255.37, for a total value of $126,152.78. Following the completion of the sale, the chief marketing officer now directly owns 61,907 shares of the company’s stock, valued at $15,809,190.59. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 0.91% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on BURL. JPMorgan Chase & Co. increased their price target on shares of Burlington Stores from $284.00 to $288.00 and gave the stock an “overweight” rating in a research report on Monday, July 22nd. Telsey Advisory Group reiterated an “outperform” rating and set a $300.00 target price on shares of Burlington Stores in a report on Thursday, August 29th. The Goldman Sachs Group boosted their price target on shares of Burlington Stores from $278.00 to $310.00 and gave the stock a “buy” rating in a research note on Friday, August 30th. Citigroup increased their price objective on Burlington Stores from $276.00 to $313.00 and gave the company a “buy” rating in a research note on Friday, August 30th. Finally, Evercore ISI boosted their target price on Burlington Stores from $300.00 to $315.00 and gave the stock an “outperform” rating in a research note on Friday, August 30th. One analyst has rated the stock with a hold rating and sixteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $294.94.

About Burlington Stores

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.