Ellington Management Group LLC acquired a new position in shares of Burlington Stores Inc (NYSE:BURL) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 10,200 shares of the company’s stock, valued at approximately $1,255,000.
A number of other hedge funds also recently added to or reduced their stakes in the stock. Swiss National Bank increased its position in Burlington Stores by 0.7% in the 4th quarter. Swiss National Bank now owns 117,500 shares of the company’s stock valued at $14,456,000 after acquiring an additional 800 shares during the period. Nicholas Investment Partners LP increased its position in Burlington Stores by 23.7% in the 4th quarter. Nicholas Investment Partners LP now owns 146,654 shares of the company’s stock valued at $18,043,000 after acquiring an additional 28,085 shares during the period. Zweig DiMenna Associates LLC acquired a new position in Burlington Stores in the 3rd quarter valued at approximately $2,644,000. Legal & General Group Plc increased its position in Burlington Stores by 13.2% in the 3rd quarter. Legal & General Group Plc now owns 47,146 shares of the company’s stock valued at $4,503,000 after acquiring an additional 5,484 shares during the period. Finally, Quadrature Capital Ltd acquired a new position in Burlington Stores in the 4th quarter valued at approximately $3,589,000.
Several equities analysts have issued reports on the stock. BMO Capital Markets restated an “outperform” rating on shares of Burlington Stores in a research report on Friday. Citigroup assumed coverage on shares of Burlington Stores in a research report on Sunday. They issued a “buy” rating and a $57.00 price target for the company. Wolfe Research restated an “outperform” rating and issued a $146.00 price target (up from $139.00) on shares of Burlington Stores in a research report on Friday. Buckingham Research restated a “buy” rating and issued a $150.00 price target (up from $143.00) on shares of Burlington Stores in a research report on Friday. Finally, Zacks Investment Research upgraded shares of Burlington Stores from a “hold” rating to a “buy” rating and set a $142.00 price target for the company in a research report on Wednesday, January 24th. Two research analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $123.60.
Shares of Burlington Stores Inc (NYSE BURL) opened at $128.07 on Monday. Burlington Stores Inc has a 12-month low of $79.07 and a 12-month high of $128.93. The company has a debt-to-equity ratio of -11.71, a quick ratio of 0.22 and a current ratio of 1.02. The firm has a market cap of $8,740.51, a price-to-earnings ratio of 23.24, a PEG ratio of 1.22 and a beta of 0.48.
Burlington Stores (NYSE:BURL) last posted its quarterly earnings data on Thursday, March 8th. The company reported $2.17 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $2.09 by $0.08. Burlington Stores had a net margin of 6.31% and a negative return on equity of 367.54%. The company had revenue of $1.94 billion during the quarter, compared to analysts’ expectations of $1.89 billion. During the same period in the prior year, the company posted $1.78 earnings per share. Burlington Stores’s revenue for the quarter was up 14.9% compared to the same quarter last year. research analysts anticipate that Burlington Stores Inc will post 5.65 EPS for the current year.
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Burlington Stores Company Profile
Burlington Stores, Inc is a retailer of branded apparel. As of January 28, 2017, the Company operated 592 retail stores, inclusive of an Internet store, in 45 states and Puerto Rico. Its product categories include coats, women, men, juniors, girls, boys, shoes, handbags and accessories, beauty and fragrance, home and toys.
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