Burlington Stores, Inc. (NYSE:BURL) Shares Acquired by GAMMA Investing LLC

GAMMA Investing LLC boosted its position in Burlington Stores, Inc. (NYSE:BURL) by 77.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 907 shares of the company’s stock after buying an additional 395 shares during the quarter. GAMMA Investing LLC’s holdings in Burlington Stores were worth $259,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the business. Geode Capital Management LLC raised its holdings in Burlington Stores by 1.7% in the third quarter. Geode Capital Management LLC now owns 1,074,960 shares of the company’s stock valued at $282,582,000 after acquiring an additional 18,160 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its position in shares of Burlington Stores by 1,048.8% during the third quarter. Massachusetts Financial Services Co. MA now owns 730,524 shares of the company’s stock worth $192,478,000 after purchasing an additional 666,934 shares during the last quarter. Anomaly Capital Management LP grew its stake in Burlington Stores by 34.6% in the second quarter. Anomaly Capital Management LP now owns 730,175 shares of the company’s stock worth $175,242,000 after purchasing an additional 187,760 shares in the last quarter. Clearbridge Investments LLC increased its holdings in Burlington Stores by 2.2% in the second quarter. Clearbridge Investments LLC now owns 663,527 shares of the company’s stock valued at $159,246,000 after buying an additional 14,080 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in Burlington Stores by 54.8% during the second quarter. Dimensional Fund Advisors LP now owns 587,376 shares of the company’s stock valued at $140,968,000 after buying an additional 207,959 shares in the last quarter.

Insider Activity

In related news, CMO Jennifer Vecchio sold 494 shares of the firm’s stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $284.95, for a total transaction of $140,765.30. Following the completion of the sale, the chief marketing officer now directly owns 59,437 shares in the company, valued at approximately $16,936,573.15. This trade represents a 0.82 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 0.91% of the company’s stock.

Wall Street Analysts Forecast Growth

BURL has been the subject of several research reports. Barclays decreased their target price on Burlington Stores from $327.00 to $317.00 and set an “overweight” rating for the company in a research report on Wednesday, November 27th. Morgan Stanley boosted their target price on shares of Burlington Stores from $285.00 to $305.00 and gave the company an “overweight” rating in a research note on Wednesday, November 27th. Evercore ISI raised their price target on shares of Burlington Stores from $315.00 to $340.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 27th. Citigroup boosted their price objective on shares of Burlington Stores from $313.00 to $344.00 and gave the company a “buy” rating in a research report on Wednesday, November 27th. Finally, StockNews.com cut shares of Burlington Stores from a “buy” rating to a “hold” rating in a report on Wednesday, October 23rd. Two analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $308.00.

Burlington Stores Trading Down 2.8 %

Shares of NYSE:BURL opened at $281.33 on Wednesday. Burlington Stores, Inc. has a twelve month low of $174.64 and a twelve 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 firm has a market cap of $17.86 billion, a P/E ratio of 38.54, a P/E/G ratio of 1.58 and a beta of 1.63. The company has a 50 day moving average of $278.97 and a 200-day moving average of $264.58.

Burlington Stores (NYSE:BURL) last issued its quarterly earnings results on Tuesday, November 26th. The company reported $1.55 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.54 by $0.01. Burlington Stores had a return on equity of 47.52% and a net margin of 4.49%. The firm had revenue of $2.53 billion during the quarter, compared to analyst estimates of $2.55 billion. During the same period last year, the company posted $0.98 EPS. The firm’s quarterly revenue was up 10.5% on a year-over-year basis. As a group, analysts anticipate that Burlington Stores, Inc. will post 7.93 earnings per share for the current fiscal year.

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.