GSA Capital Partners LLP Has $642,000 Stock Holdings in Burlington Stores, Inc. (NYSE:BURL)

GSA Capital Partners LLP trimmed its holdings in shares of Burlington Stores, Inc. (NYSE:BURL) by 26.7% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,437 shares of the company’s stock after selling 888 shares during the period. GSA Capital Partners LLP’s holdings in Burlington Stores were worth $642,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of BURL. AQR Capital Management LLC lifted its stake in Burlington Stores by 2,542.2% in the 2nd quarter. AQR Capital Management LLC now owns 247,970 shares of the company’s stock valued at $59,114,000 after purchasing an additional 238,585 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in Burlington Stores by 54.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 587,376 shares of the company’s stock valued at $140,968,000 after purchasing an additional 207,959 shares during the last quarter. Marshall Wace LLP acquired a new stake in Burlington Stores in the 2nd quarter valued at about $47,725,000. Assenagon Asset Management S.A. lifted its stake in Burlington Stores by 1,917.3% in the 2nd quarter. Assenagon Asset Management S.A. now owns 207,260 shares of the company’s stock valued at $49,742,000 after purchasing an additional 196,986 shares during the last quarter. Finally, Anomaly Capital Management LP lifted its stake in Burlington Stores by 34.6% in the 2nd quarter. Anomaly Capital Management LP now owns 730,175 shares of the company’s stock valued at $175,242,000 after purchasing an additional 187,760 shares during the last quarter.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on BURL shares. Citigroup raised their target price on shares of Burlington Stores from $276.00 to $313.00 and gave the company a “buy” rating in a research note on Friday, August 30th. Morgan Stanley raised their price objective on shares of Burlington Stores from $284.00 to $300.00 and gave the stock an “overweight” rating in a research report on Friday, August 30th. Barclays raised their price objective on shares of Burlington Stores from $274.00 to $327.00 and gave the stock an “overweight” rating in a research report on Friday, August 30th. Telsey Advisory Group restated an “outperform” rating and set a $300.00 price objective on shares of Burlington Stores in a research report on Thursday, August 29th. Finally, UBS Group raised their price objective on shares of Burlington Stores from $270.00 to $280.00 and gave the stock a “neutral” rating in a research report on Thursday, November 14th. Two equities research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $297.56.

Burlington Stores Stock Performance

Shares of NYSE:BURL opened at $271.80 on Tuesday. The company’s 50 day simple moving average is $260.98 and its 200 day simple moving average is $245.57. The stock has a market capitalization of $17.30 billion, a price-to-earnings ratio of 40.87, a price-to-earnings-growth ratio of 1.37 and a beta of 1.64. The company has a debt-to-equity ratio of 1.15, a current ratio of 1.04 and a quick ratio of 0.48. Burlington Stores, Inc. has a 1 year low of $133.09 and a 1 year high of $282.49.

Burlington Stores (NYSE:BURL) last issued its earnings results on Thursday, August 29th. The company reported $1.20 earnings per share for the quarter, beating analysts’ consensus estimates of $0.95 by $0.25. Burlington Stores had a net margin of 4.18% and a return on equity of 47.43%. The firm had revenue of $2.47 billion for the quarter, compared to analyst estimates of $2.42 billion. During the same quarter last year, the business posted $0.60 earnings per share. The company’s quarterly revenue was up 13.4% on a year-over-year basis. As a group, research analysts predict that Burlington Stores, Inc. will post 7.93 EPS for the current fiscal year.

Insider Transactions at Burlington Stores

In other news, Director Paul Sullivan sold 1,705 shares of Burlington Stores stock in a transaction on Thursday, September 19th. The shares were sold at an average price of $277.05, for a total transaction of $472,370.25. Following the transaction, the director now owns 7,393 shares in the company, valued at approximately $2,048,230.65. The trade was a 18.74 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.91% of the stock is 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.