Dynamic Technology Lab Private Ltd Acquires 4,143 Shares of Burlington Stores, Inc. (NYSE:BURL)

Dynamic Technology Lab Private Ltd lifted its holdings in shares of Burlington Stores, Inc. (NYSE:BURL) by 175.5% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 6,504 shares of the company’s stock after acquiring an additional 4,143 shares during the period. Dynamic Technology Lab Private Ltd’s holdings in Burlington Stores were worth $1,854,000 as of its most recent filing with the SEC.

Several other institutional investors have also made changes to their positions in the business. Norges Bank bought a new position in Burlington Stores during the fourth quarter worth about $227,268,000. Massachusetts Financial Services Co. MA lifted its position in shares of Burlington Stores by 30.8% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 955,648 shares of the company’s stock worth $272,417,000 after buying an additional 225,124 shares during the period. Arrowstreet Capital Limited Partnership boosted its stake in Burlington Stores by 38.6% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 506,170 shares of the company’s stock valued at $144,289,000 after buying an additional 141,020 shares in the last quarter. American Century Companies Inc. grew its position in Burlington Stores by 17.1% in the fourth quarter. American Century Companies Inc. now owns 708,120 shares of the company’s stock valued at $201,857,000 after acquiring an additional 103,202 shares during the period. Finally, Victory Capital Management Inc. raised its stake in Burlington Stores by 52.7% during the fourth quarter. Victory Capital Management Inc. now owns 222,151 shares of the company’s stock worth $63,326,000 after acquiring an additional 76,684 shares in the last quarter.

Burlington Stores Stock Down 2.2 %

Shares of NYSE:BURL opened at $230.52 on Friday. The company has a 50 day moving average of $248.86 and a 200-day moving average of $265.30. Burlington Stores, Inc. has a one year low of $174.64 and a one year high of $298.89. The stock has a market cap of $14.57 billion, a price-to-earnings ratio of 31.58, a P/E/G ratio of 1.11 and a beta of 1.73. The company has a debt-to-equity ratio of 1.35, a current ratio of 1.17 and a quick ratio of 0.54.

Burlington Stores (NYSE:BURL) last issued its earnings results on Thursday, March 6th. The company reported $4.07 EPS for the quarter, beating the consensus estimate of $3.75 by $0.32. The company had revenue of $3.28 billion during the quarter, compared to analysts’ expectations of $3.25 billion. Burlington Stores had a net margin of 4.49% and a return on equity of 47.52%. On average, sell-side analysts forecast that Burlington Stores, Inc. will post 7.93 earnings per share for the current year.

Insiders Place Their Bets

In other Burlington Stores news, CMO Jennifer Vecchio sold 4,939 shares of the stock in a transaction on Thursday, March 20th. The shares were sold at an average price of $239.94, for a total value of $1,185,063.66. Following the sale, the chief marketing officer now directly owns 70,006 shares in the company, valued at approximately $16,797,239.64. This trade represents a 6.59 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 0.91% of the company’s stock.

Analyst Ratings Changes

BURL has been the topic of several recent analyst reports. Robert W. Baird boosted their target price on shares of Burlington Stores from $330.00 to $335.00 and gave the company an “outperform” rating in a research note on Friday, March 7th. Citigroup decreased their price objective on shares of Burlington Stores from $344.00 to $340.00 and set a “buy” rating on the stock in a research note on Friday, March 7th. TD Cowen lifted their target price on shares of Burlington Stores from $334.00 to $339.00 and gave the company a “buy” rating in a research note on Thursday, December 12th. UBS Group increased their price target on Burlington Stores from $360.00 to $405.00 and gave the stock a “buy” rating in a research report on Friday, March 7th. Finally, Barclays lifted their price objective on Burlington Stores from $317.00 to $329.00 and gave the company an “overweight” rating in a research report on Friday, March 7th. One analyst has rated the stock with a hold rating and fifteen have issued a buy rating to the company’s stock. According to MarketBeat, Burlington Stores has an average rating of “Moderate Buy” and an average price target of $323.20.

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.