Clearbridge Investments LLC Increases Position in Burlington Stores, Inc. (NYSE:BURL)

Clearbridge Investments LLC boosted its holdings in Burlington Stores, Inc. (NYSE:BURL) by 2.2% in the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 663,527 shares of the company’s stock after purchasing an additional 14,080 shares during the period. Clearbridge Investments LLC owned about 1.04% of Burlington Stores worth $159,246,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of the business. Capital International Investors boosted its stake in Burlington Stores by 1.5% during the 1st quarter. Capital International Investors now owns 7,394,746 shares of the company’s stock valued at $1,716,986,000 after acquiring an additional 111,526 shares during the last quarter. Vanguard Group Inc. lifted its position in shares of Burlington Stores by 3.8% during the fourth quarter. Vanguard Group Inc. now owns 6,227,333 shares of the company’s stock worth $1,211,092,000 after purchasing an additional 226,804 shares during the last quarter. Price T Rowe Associates Inc. MD grew its stake in Burlington Stores by 0.7% in the first quarter. Price T Rowe Associates Inc. MD now owns 1,684,245 shares of the company’s stock worth $391,066,000 after purchasing an additional 12,238 shares in the last quarter. 1832 Asset Management L.P. increased its holdings in Burlington Stores by 300.5% in the fourth quarter. 1832 Asset Management L.P. now owns 1,034,218 shares of the company’s stock valued at $201,135,000 after buying an additional 775,961 shares during the last quarter. Finally, Wellington Management Group LLP raised its stake in Burlington Stores by 12.8% during the fourth quarter. Wellington Management Group LLP now owns 886,603 shares of the company’s stock valued at $172,427,000 after buying an additional 100,823 shares in the last quarter.

Analyst Upgrades and Downgrades

BURL has been the subject of a number of research analyst reports. The Goldman Sachs Group boosted their price target on Burlington Stores from $278.00 to $310.00 and gave the company a “buy” rating in a report on Friday, August 30th. JPMorgan Chase & Co. boosted their target price on shares of Burlington Stores from $284.00 to $288.00 and gave the company an “overweight” rating in a research note on Monday, July 22nd. Loop Capital raised their price target on shares of Burlington Stores from $270.00 to $345.00 and gave the stock a “buy” rating in a research report on Friday, August 30th. Evercore ISI boosted their price objective on shares of Burlington Stores from $300.00 to $315.00 and gave the company an “outperform” rating in a research report on Friday, August 30th. Finally, Wells Fargo & Company raised their target price on shares of Burlington Stores from $300.00 to $325.00 and gave the stock an “overweight” rating in a report on Friday, August 23rd. One investment analyst has rated the stock with a hold rating and sixteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, Burlington Stores currently has a consensus rating of “Moderate Buy” and a consensus target price of $294.94.

Insider Buying and Selling

In other news, Director Paul Sullivan sold 1,705 shares of the stock in a transaction on Thursday, September 19th. The stock was sold at an average price of $277.05, for a total transaction of $472,370.25. Following the completion of the sale, the director now owns 7,393 shares in the company, valued at approximately $2,048,230.65. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, Director Paul Sullivan sold 1,705 shares of Burlington Stores stock in a transaction dated Thursday, September 19th. The stock was sold at an average price of $277.05, for a total value of $472,370.25. Following the transaction, the director now owns 7,393 shares of the company’s stock, valued at approximately $2,048,230.65. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CMO Jennifer Vecchio sold 494 shares of the company’s stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $255.37, for a total transaction of $126,152.78. Following the sale, the chief marketing officer now directly owns 61,907 shares of the company’s stock, valued at $15,809,190.59. The disclosure for this sale can be found here. Insiders own 0.91% of the company’s stock.

Burlington Stores Stock Performance

Shares of NYSE BURL opened at $259.68 on Wednesday. Burlington Stores, Inc. has a 12-month low of $115.66 and a 12-month high of $282.49. The company has a current ratio of 1.04, a quick ratio of 0.48 and a debt-to-equity ratio of 1.15. The company has a market cap of $16.57 billion, a PE ratio of 43.50, a P/E/G ratio of 1.39 and a beta of 1.64. The stock has a 50 day simple moving average of $263.67 and a 200-day simple moving average of $232.38.

Burlington Stores (NYSE:BURL) last announced its quarterly earnings results on Thursday, August 29th. The company reported $1.20 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.95 by $0.25. The company had revenue of $2.47 billion during the quarter, compared to analyst estimates of $2.42 billion. Burlington Stores had a return on equity of 47.43% and a net margin of 4.18%. The firm’s quarterly revenue was up 13.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.60 EPS. On average, equities research analysts forecast that Burlington Stores, Inc. will post 7.91 EPS for the current year.

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.