Dimensional Fund Advisors LP Has $140.97 Million Stake in Burlington Stores, Inc. (NYSE:BURL)

Dimensional Fund Advisors LP raised its stake in Burlington Stores, Inc. (NYSE:BURL) by 54.8% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 587,376 shares of the company’s stock after buying an additional 207,959 shares during the quarter. Dimensional Fund Advisors LP owned 0.92% of Burlington Stores worth $140,968,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in BURL. 1832 Asset Management L.P. lifted its stake 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 period. Bain Capital Public Equity Management II LLC acquired a new stake in shares of Burlington Stores during the fourth quarter worth about $100,164,000. Los Angeles Capital Management LLC raised its position in shares of Burlington Stores by 466.1% during the first quarter. Los Angeles Capital Management LLC now owns 493,614 shares of the company’s stock worth $114,612,000 after purchasing an additional 406,426 shares during the period. Coatue Management LLC acquired a new stake in shares of Burlington Stores during the fourth quarter worth about $77,735,000. Finally, Vanguard Group Inc. raised 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 period.

Analyst Upgrades and Downgrades

BURL has been the topic of a number of research analyst reports. UBS Group raised their price target on Burlington Stores from $212.00 to $238.00 and gave the stock a “neutral” rating in a research report on Monday, June 3rd. Gordon Haskett raised Burlington Stores from a “hold” rating to a “buy” rating and set a $300.00 price target on the stock in a research report on Monday, August 19th. TD Cowen raised their price target on Burlington Stores from $279.00 to $288.00 and gave the stock a “buy” rating in a research report on Friday, August 30th. Evercore ISI increased their price objective on Burlington Stores from $300.00 to $315.00 and gave the stock an “outperform” rating in a report on Friday, August 30th. Finally, Loop Capital increased their price objective on Burlington Stores from $270.00 to $345.00 and gave the stock a “buy” rating in a report on Friday, August 30th. One analyst has rated the stock with a hold rating and sixteen have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $294.94.

Burlington Stores Stock Down 1.3 %

BURL stock opened at $271.39 on Friday. 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 business has a 50 day moving average price of $260.88 and a two-hundred day moving average price of $229.72. The company has a market cap of $17.32 billion, a price-to-earnings ratio of 45.46, a P/E/G ratio of 1.37 and a beta of 1.64. Burlington Stores, Inc. has a twelve month low of $115.66 and a twelve month high of $282.49.

Burlington Stores (NYSE:BURL) last released its quarterly earnings data 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. Burlington Stores had a return on equity of 47.43% and a net margin of 4.18%. The company had revenue of $2.47 billion during the quarter, compared to analysts’ expectations of $2.42 billion. During the same period last year, the firm posted $0.60 earnings per share. The business’s revenue was up 13.4% on a year-over-year basis. Analysts anticipate that Burlington Stores, Inc. will post 7.86 EPS for the current fiscal year.

Insider Activity

In other news, CMO Jennifer Vecchio sold 494 shares of the firm’s stock in a transaction that occurred 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 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 transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.91% of the company’s stock.

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.