Duality Advisers LP Takes Position in Burlington Stores, Inc. (NYSE:BURL)

Duality Advisers LP bought a new stake in Burlington Stores, Inc. (NYSE:BURL) during the fourth quarter, HoldingsChannel.com reports. The fund bought 4,538 shares of the company’s stock, valued at approximately $883,000.

A number of other hedge funds have also made changes to their positions in the business. Wahed Invest LLC raised its stake in shares of Burlington Stores by 9.7% in the 3rd quarter. Wahed Invest LLC now owns 1,026 shares of the company’s stock valued at $139,000 after acquiring an additional 91 shares during the period. Lindbrook Capital LLC raised its stake in shares of Burlington Stores by 114.6% in the 4th quarter. Lindbrook Capital LLC now owns 176 shares of the company’s stock valued at $34,000 after acquiring an additional 94 shares during the period. Daiwa Securities Group Inc. increased its stake in Burlington Stores by 2.0% during the 4th quarter. Daiwa Securities Group Inc. now owns 5,728 shares of the company’s stock worth $1,114,000 after buying an additional 114 shares during the period. Tributary Capital Management LLC increased its stake in Burlington Stores by 1.9% during the 4th quarter. Tributary Capital Management LLC now owns 6,338 shares of the company’s stock worth $1,233,000 after buying an additional 120 shares during the period. Finally, Arizona State Retirement System increased its stake in Burlington Stores by 0.7% during the 4th quarter. Arizona State Retirement System now owns 17,823 shares of the company’s stock worth $3,466,000 after buying an additional 121 shares during the period.

Burlington Stores Trading Down 1.1 %

NYSE BURL opened at $178.79 on Thursday. Burlington Stores, Inc. has a one year low of $115.66 and a one year high of $232.69. The company has a 50-day simple moving average of $206.78 and a 200-day simple moving average of $181.00. The company has a debt-to-equity ratio of 1.40, a quick ratio of 0.61 and a current ratio of 1.15. The firm has a market capitalization of $11.42 billion, a PE ratio of 34.06, a price-to-earnings-growth ratio of 1.05 and a beta of 1.49.

Burlington Stores (NYSE:BURL) last issued its quarterly earnings data on Thursday, March 7th. The company reported $3.30 earnings per share for the quarter, beating the consensus estimate of $3.28 by $0.02. The firm had revenue of $3.13 billion for the quarter, compared to the consensus estimate of $3.07 billion. Burlington Stores had a net margin of 3.49% and a return on equity of 45.28%. Burlington Stores’s quarterly revenue was up 13.9% compared to the same quarter last year. During the same period last year, the firm posted $2.96 EPS. On average, equities analysts forecast that Burlington Stores, Inc. will post 7.41 earnings per share for the current year.

Insiders Place Their Bets

In related news, CMO Jennifer Vecchio sold 5,025 shares of the business’s stock in a transaction that occurred on Wednesday, March 20th. The shares were sold at an average price of $225.24, for a total value of $1,131,831.00. Following the sale, the chief marketing officer now directly owns 61,115 shares in the company, valued at approximately $13,765,542.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.91% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the stock. Piper Sandler raised shares of Burlington Stores from a “neutral” rating to an “overweight” rating and lifted their price target for the stock from $155.00 to $240.00 in a research note on Wednesday, January 17th. StockNews.com raised shares of Burlington Stores from a “hold” rating to a “buy” rating in a research note on Saturday, March 9th. Evercore ISI raised their price objective on shares of Burlington Stores from $220.00 to $235.00 and gave the stock an “outperform” rating in a report on Friday, February 23rd. Finally, Telsey Advisory Group reissued an “outperform” rating and set a $250.00 price objective (up from $225.00) on shares of Burlington Stores in a report on Monday, March 4th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, Burlington Stores has an average rating of “Moderate Buy” and an average price target of $210.69.

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.