Los Angeles Capital Management LLC Purchases New Shares in Burlington Stores, Inc. (NYSE:BURL)

Los Angeles Capital Management LLC acquired a new position in Burlington Stores, Inc. (NYSE:BURL) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 87,188 shares of the company’s stock, valued at approximately $16,956,000. Los Angeles Capital Management LLC owned approximately 0.14% of Burlington Stores as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. SG Americas Securities LLC acquired a new position in Burlington Stores in the third quarter valued at about $223,000. Robeco Institutional Asset Management B.V. boosted its position in shares of Burlington Stores by 412.6% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 8,699 shares of the company’s stock worth $1,177,000 after acquiring an additional 7,002 shares in the last quarter. Forsta AP Fonden bought a new position in Burlington Stores in the third quarter valued at approximately $2,030,000. Mirae Asset Global Investments Co. Ltd. raised its position in Burlington Stores by 1,036.8% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 118,063 shares of the company’s stock valued at $15,637,000 after purchasing an additional 107,677 shares in the last quarter. Finally, Park Avenue Securities LLC bought a new stake in Burlington Stores during the third quarter worth $203,000.

Burlington Stores Trading Up 0.7 %

Shares of BURL stock traded up $1.37 during mid-day trading on Friday, hitting $185.68. The company’s stock had a trading volume of 648,616 shares, compared to its average volume of 1,017,087. Burlington Stores, Inc. has a 52 week low of $115.66 and a 52 week high of $232.69. 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 company’s fifty day simple moving average is $204.39 and its 200-day simple moving average is $183.51. The company has a market cap of $11.86 billion, a PE ratio of 35.36, a P/E/G ratio of 1.07 and a beta of 1.54.

Burlington Stores (NYSE:BURL) last released 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 company had revenue of $3.13 billion during the quarter, compared to analyst estimates of $3.07 billion. Burlington Stores had a net margin of 3.49% and a return on equity of 45.28%. Burlington Stores’s revenue for the quarter was up 13.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.96 EPS. As a group, equities research analysts expect that Burlington Stores, Inc. will post 7.41 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts have recently commented on BURL shares. Piper Sandler raised Burlington Stores from a “neutral” rating to an “overweight” rating and boosted their price target for the stock from $155.00 to $240.00 in a report on Wednesday, January 17th. StockNews.com upgraded shares of Burlington Stores from a “hold” rating to a “buy” rating in a research note on Saturday, March 9th. UBS Group upgraded shares of Burlington Stores from a “sell” rating to a “neutral” rating and upped their price objective for the stock from $126.00 to $212.00 in a research report on Thursday. Telsey Advisory Group reissued an “outperform” rating and issued a $250.00 price objective (up previously from $225.00) on shares of Burlington Stores in a research note on Monday, March 4th. Finally, Evercore ISI boosted their target price on shares of Burlington Stores from $220.00 to $235.00 and gave the stock an “outperform” rating in a research note on Friday, February 23rd. Three equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $216.06.

Insider Activity

In related news, CMO Jennifer Vecchio sold 5,025 shares of Burlington Stores stock in a transaction 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 completion of the sale, the chief marketing officer now owns 61,115 shares of the company’s stock, valued at approximately $13,765,542.60. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 0.91% of the stock is currently owned by company insiders.

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.