Acadian Asset Management LLC Buys New Stake in Burlington Stores, Inc. (NYSE:BURL)

Acadian Asset Management LLC purchased a new stake in Burlington Stores, Inc. (NYSE:BURL) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 1,712 shares of the company’s stock, valued at approximately $410,000.

Other large investors also recently bought and sold shares of the company. Dimensional Fund Advisors LP lifted its holdings in shares of Burlington Stores by 2.7% in the 4th quarter. Dimensional Fund Advisors LP now owns 368,093 shares of the company’s stock valued at $71,595,000 after purchasing an additional 9,727 shares during the last quarter. Envestnet Portfolio Solutions Inc. lifted its stake in Burlington Stores by 8.2% in the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 2,731 shares of the company’s stock valued at $531,000 after buying an additional 207 shares during the last quarter. Quadrant Capital Group LLC boosted its holdings in shares of Burlington Stores by 323.8% in the fourth quarter. Quadrant Capital Group LLC now owns 890 shares of the company’s stock valued at $173,000 after acquiring an additional 680 shares during the period. Securian Asset Management Inc. purchased a new position in shares of Burlington Stores during the fourth quarter worth approximately $1,068,000. Finally, Norges Bank acquired a new position in shares of Burlington Stores in the 4th quarter valued at $145,471,000.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on BURL shares. Morgan Stanley increased their price target on shares of Burlington Stores from $284.00 to $300.00 and gave the stock an “overweight” rating in a research note on Friday, August 30th. BMO Capital Markets increased their target price on shares of Burlington Stores from $227.00 to $240.00 and gave the stock an “outperform” rating in a research note on Friday, May 31st. Evercore ISI boosted their price target on Burlington Stores from $300.00 to $315.00 and gave the company an “outperform” rating in a research report on Friday, August 30th. Loop Capital increased their price objective on Burlington Stores from $270.00 to $345.00 and gave the stock a “buy” rating in a research report on Friday, August 30th. Finally, Gordon Haskett raised Burlington Stores from a “hold” rating to a “buy” rating and set a $300.00 target price on the stock in a report on Monday, August 19th. One equities research analyst has rated the stock with a hold rating and sixteen have issued a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $294.94.

Insider Buying and Selling

In other Burlington Stores news, CMO Jennifer Vecchio sold 494 shares of the company’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 $15,809,190.59. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.91% of the stock is currently owned by insiders.

Burlington Stores Stock Performance

NYSE:BURL opened at $271.13 on Thursday. The firm’s fifty day simple moving average is $259.48 and its 200-day simple moving average is $228.54. The company has a quick ratio of 0.48, a current ratio of 1.04 and a debt-to-equity ratio of 1.15. The stock has a market cap of $17.31 billion, a PE ratio of 45.42, a price-to-earnings-growth ratio of 1.37 and a beta of 1.64. Burlington Stores, Inc. has a fifty-two week low of $115.66 and a fifty-two week high of $282.49.

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