Dynamic Technology Lab Private Ltd Purchases New Stake in Burlington Stores, Inc. (NYSE:BURL)

Dynamic Technology Lab Private Ltd acquired a new position in Burlington Stores, Inc. (NYSE:BURL) in the 3rd quarter, Holdings Channel.com reports. The firm acquired 2,361 shares of the company’s stock, valued at approximately $622,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of BURL. Bank of New York Mellon Corp grew its holdings in shares of Burlington Stores by 9.1% in the 2nd quarter. Bank of New York Mellon Corp now owns 772,010 shares of the company’s stock worth $185,282,000 after acquiring an additional 64,410 shares during the period. Massachusetts Financial Services Co. MA grew its holdings in Burlington Stores by 1,048.8% in the third quarter. Massachusetts Financial Services Co. MA now owns 730,524 shares of the company’s stock valued at $192,478,000 after purchasing an additional 666,934 shares during the last quarter. Anomaly Capital Management LP increased its position in shares of Burlington Stores by 34.6% in the second quarter. Anomaly Capital Management LP now owns 730,175 shares of the company’s stock valued at $175,242,000 after buying an additional 187,760 shares in the last quarter. Clearbridge Investments LLC raised its stake in shares of Burlington Stores by 2.2% during the 2nd quarter. Clearbridge Investments LLC now owns 663,527 shares of the company’s stock worth $159,246,000 after buying an additional 14,080 shares during the last quarter. Finally, Artemis Investment Management LLP boosted its position in shares of Burlington Stores by 7.5% in the 2nd quarter. Artemis Investment Management LLP now owns 607,516 shares of the company’s stock worth $145,804,000 after buying an additional 42,327 shares in the last quarter.

Insider Activity at Burlington Stores

In related news, Director Paul Sullivan sold 1,705 shares of the firm’s stock in a transaction that occurred on Thursday, September 19th. The shares were sold at an average price of $277.05, for a total value of $472,370.25. Following the transaction, the director now owns 7,393 shares in the company, valued at approximately $2,048,230.65. This trade represents a 18.74 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.91% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on BURL. Telsey Advisory Group restated an “outperform” rating and set a $310.00 target price on shares of Burlington Stores in a report on Tuesday. Wells Fargo & Company lifted their price objective on Burlington Stores from $300.00 to $325.00 and gave the stock an “overweight” rating in a research report on Friday, August 23rd. StockNews.com lowered Burlington Stores from a “buy” rating to a “hold” rating in a research note on Wednesday, October 23rd. The Goldman Sachs Group raised their price target on Burlington Stores from $278.00 to $310.00 and gave the stock a “buy” rating in a research report on Friday, August 30th. Finally, Bank of America upped their price objective on Burlington Stores from $275.00 to $315.00 and gave the company a “buy” rating in a research report on Friday, August 30th. Two investment analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $307.69.

Burlington Stores Trading Up 0.5 %

Shares of BURL stock opened at $288.36 on Friday. The firm’s 50-day simple moving average is $262.41 and its 200-day simple moving average is $249.71. 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 $168.49 and a 1-year high of $298.89. The firm has a market cap of $18.36 billion, a P/E ratio of 43.36, a PEG ratio of 1.48 and a beta of 1.64.

Burlington Stores (NYSE:BURL) last posted its quarterly earnings results 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. Burlington Stores had a net margin of 4.18% and a return on equity of 47.43%. The company had revenue of $2.53 billion for the quarter, compared to the consensus estimate of $2.55 billion. During the same quarter last year, the firm posted $0.98 earnings per share. Burlington Stores’s revenue was up 10.5% on a year-over-year basis. As a group, equities analysts forecast that Burlington Stores, Inc. will post 7.94 EPS for the current year.

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.