Burlington Stores, Inc. (NYSE:BURL) Shares Bought by Vinva Investment Management Ltd

Vinva Investment Management Ltd grew its stake in shares of Burlington Stores, Inc. (NYSE:BURL) by 263.5% in the third quarter, according to its most recent filing with the SEC. The fund owned 16,303 shares of the company’s stock after acquiring an additional 11,818 shares during the period. Vinva Investment Management Ltd’s holdings in Burlington Stores were worth $4,323,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of BURL. Tidal Investments LLC lifted its position in shares of Burlington Stores by 178.4% during the 1st quarter. Tidal Investments LLC now owns 6,163 shares of the company’s stock valued at $1,431,000 after acquiring an additional 3,949 shares during the last quarter. Swedbank AB acquired a new stake in Burlington Stores during the 1st quarter valued at $1,101,000. Cetera Investment Advisers acquired a new stake in Burlington Stores during the 1st quarter valued at $2,851,000. GAMMA Investing LLC raised its stake in Burlington Stores by 20.4% during the 2nd quarter. GAMMA Investing LLC now owns 313 shares of the company’s stock valued at $75,000 after purchasing an additional 53 shares during the period. Finally, DNB Asset Management AS raised its stake in Burlington Stores by 17.9% during the 2nd quarter. DNB Asset Management AS now owns 11,429 shares of the company’s stock valued at $2,743,000 after purchasing an additional 1,733 shares during the period.

Burlington Stores Stock Up 0.5 %

BURL opened at $288.36 on Friday. The firm has a market cap of $18.36 billion, a P/E ratio of 43.36, a price-to-earnings-growth ratio of 1.48 and a beta of 1.64. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.48 and a current ratio of 1.04. The business has a 50 day moving average price of $262.41 and a 200 day moving average price of $249.71. Burlington Stores, Inc. has a twelve month low of $168.49 and a twelve month high of $298.89.

Burlington Stores (NYSE:BURL) last issued its quarterly earnings data on Tuesday, November 26th. The company reported $1.55 earnings per share for the quarter, topping analysts’ consensus estimates of $1.53 by $0.02. The business had revenue of $2.53 billion during the quarter, compared to analysts’ expectations of $2.55 billion. Burlington Stores had a net margin of 4.18% and a return on equity of 47.43%. Burlington Stores’s revenue for the quarter was up 10.5% on a year-over-year basis. During the same period in the previous year, the company earned $0.98 earnings per share. Research analysts forecast that Burlington Stores, Inc. will post 7.94 EPS for the current year.

Insider Activity

In other news, Director Paul Sullivan sold 1,705 shares of the stock in a transaction that occurred on Thursday, September 19th. The stock was sold at an average price of $277.05, for a total value of $472,370.25. Following the completion of the sale, the director now directly owns 7,393 shares of the company’s stock, valued at approximately $2,048,230.65. This represents a 18.74 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.91% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several analysts have issued reports on BURL shares. Barclays cut their target price on shares of Burlington Stores from $327.00 to $317.00 and set an “overweight” rating on the stock in a research note on Wednesday. Evercore ISI boosted their target price on shares of Burlington Stores from $315.00 to $340.00 and gave the company an “outperform” rating in a research note on Wednesday. UBS Group boosted their target price on shares of Burlington Stores from $270.00 to $280.00 and gave the company a “neutral” rating in a research note on Thursday, November 14th. The Goldman Sachs Group boosted their target price on shares of Burlington Stores from $278.00 to $310.00 and gave the company a “buy” rating in a research note on Friday, August 30th. Finally, Telsey Advisory Group reissued an “outperform” rating and set a $310.00 target price on shares of Burlington Stores in a research note on Tuesday. Two research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. Based on data from MarketBeat.com, Burlington Stores currently has a consensus rating of “Moderate Buy” and a consensus target price of $307.69.

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.