Interval Partners LP Has $16.46 Million Stock Position in Burlington Stores, Inc. (NYSE:BURL)

Interval Partners LP increased its stake in Burlington Stores, Inc. (NYSE:BURL) by 114.4% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 68,599 shares of the company’s stock after buying an additional 36,599 shares during the quarter. Interval Partners LP owned approximately 0.11% of Burlington Stores worth $16,464,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. CANADA LIFE ASSURANCE Co lifted its stake in Burlington Stores by 7.4% in the first quarter. CANADA LIFE ASSURANCE Co now owns 56,326 shares of the company’s stock valued at $13,073,000 after acquiring an additional 3,867 shares during the last quarter. Boulder Hill Capital Management LP acquired a new stake in Burlington Stores in the 4th quarter valued at about $2,237,000. Meeder Asset Management Inc. bought a new position in Burlington Stores during the first quarter worth about $1,819,000. American International Group Inc. increased its position in Burlington Stores by 7,754.2% during the fourth quarter. American International Group Inc. now owns 88,203 shares of the company’s stock worth $17,154,000 after buying an additional 87,080 shares during the last quarter. Finally, Tidal Investments LLC raised its stake in Burlington Stores by 178.4% in the first quarter. Tidal Investments LLC now owns 6,163 shares of the company’s stock valued at $1,431,000 after buying an additional 3,949 shares during the period.

Insider Buying and Selling at Burlington Stores

In other Burlington Stores news, CMO Jennifer Vecchio sold 494 shares of the firm’s stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $255.37, for a total value of $126,152.78. Following the sale, the chief marketing officer now owns 61,907 shares of the company’s stock, valued at approximately $15,809,190.59. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 0.91% of the company’s stock.

Burlington Stores Stock Down 1.3 %

Shares of NYSE BURL opened at $271.39 on Monday. The stock has a market capitalization of $17.32 billion, a P/E ratio of 45.46, a PEG ratio of 1.37 and a beta of 1.64. The stock’s fifty day moving average is $260.88 and its 200 day moving average is $229.88. Burlington Stores, Inc. has a 52 week low of $115.66 and a 52 week high of $282.49. 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 (NYSE:BURL) last released its 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 firm had revenue of $2.47 billion for the quarter, compared to analyst estimates of $2.42 billion. During the same period last year, the firm earned $0.60 EPS. The business’s quarterly revenue was up 13.4% compared to the same quarter last year. Sell-side analysts forecast that Burlington Stores, Inc. will post 7.86 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the company. JPMorgan Chase & Co. lifted their target price on Burlington Stores from $284.00 to $288.00 and gave the stock an “overweight” rating in a research note on Monday, July 22nd. UBS Group increased their price objective on shares of Burlington Stores from $212.00 to $238.00 and gave the company a “neutral” rating in a research report on Monday, June 3rd. Bank of America raised their target price 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. TD Cowen upped their price target on shares of Burlington Stores from $279.00 to $288.00 and gave the company a “buy” rating in a research note on Friday, August 30th. Finally, BMO Capital Markets raised their price objective on shares of Burlington Stores from $227.00 to $240.00 and gave the stock an “outperform” rating in a research report on Friday, May 31st. One research analyst has rated the stock with a hold rating and sixteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, Burlington Stores currently has an average rating of “Moderate Buy” and a consensus target price of $294.94.

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.