Loomis Sayles & Co. L P Increases Stock Position in Burlington Stores, Inc. (NYSE:BURL)

Loomis Sayles & Co. L P increased its position in Burlington Stores, Inc. (NYSE:BURL) by 112.9% in the 3rd quarter, Holdings Channel.com reports. The firm owned 330 shares of the company’s stock after buying an additional 175 shares during the quarter. Loomis Sayles & Co. L P’s holdings in Burlington Stores were worth $87,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in BURL. Tidal Investments LLC boosted its stake in Burlington Stores by 178.4% during the 1st quarter. Tidal Investments LLC now owns 6,163 shares of the company’s stock valued at $1,431,000 after acquiring an additional 3,949 shares during the last quarter. Swedbank AB bought a new position in Burlington Stores during the 1st quarter valued at $1,101,000. Cetera Investment Advisers bought a new position in Burlington Stores during the 1st quarter valued at $2,851,000. GAMMA Investing LLC boosted its stake in Burlington Stores by 20.4% during the 2nd quarter. GAMMA Investing LLC now owns 313 shares of the company’s stock valued at $75,000 after acquiring an additional 53 shares during the last quarter. Finally, DNB Asset Management AS boosted its stake in Burlington Stores by 17.9% during the 2nd quarter. DNB Asset Management AS now owns 11,429 shares of the company’s stock valued at $2,743,000 after acquiring an additional 1,733 shares during the last quarter.

Insider Buying and Selling at Burlington Stores

In other Burlington Stores news, Director Paul Sullivan sold 1,705 shares of the firm’s stock in a transaction dated 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 of the company’s stock, valued at approximately $2,048,230.65. This trade represents a 18.74 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.91% of the stock is owned by corporate insiders.

Burlington Stores Stock Up 0.5 %

BURL stock opened at $288.36 on Friday. The company has a quick ratio of 0.48, a current ratio of 1.04 and a debt-to-equity ratio of 1.15. Burlington Stores, Inc. has a fifty-two week low of $168.49 and a fifty-two week high of $298.89. The firm’s 50-day simple moving average is $262.41 and its 200 day simple moving average is $249.71. The stock has a market cap of $18.36 billion, a PE ratio of 43.36, a price-to-earnings-growth ratio of 1.48 and a beta of 1.64.

Burlington Stores (NYSE:BURL) last released its earnings results on Tuesday, November 26th. The company reported $1.55 EPS for the quarter, beating the consensus estimate of $1.53 by $0.02. The firm had revenue of $2.53 billion for the quarter, compared to analysts’ expectations of $2.55 billion. Burlington Stores had a net margin of 4.18% and a return on equity of 47.43%. Burlington Stores’s quarterly revenue was up 10.5% on a year-over-year basis. During the same quarter last year, the company earned $0.98 EPS. As a group, sell-side analysts predict that Burlington Stores, Inc. will post 7.94 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on BURL shares. Wells Fargo & Company increased their price objective on shares of Burlington Stores from $300.00 to $325.00 and gave the company an “overweight” rating in a research note on Friday, August 23rd. StockNews.com downgraded shares of Burlington Stores from a “buy” rating to a “hold” rating in a research report on Wednesday, October 23rd. The Goldman Sachs Group raised their price target on shares of Burlington Stores from $278.00 to $310.00 and gave the stock a “buy” rating in a research report on Friday, August 30th. TD Cowen raised their price target on shares of Burlington Stores from $288.00 to $334.00 and gave the stock a “buy” rating in a research report on Monday. Finally, Morgan Stanley raised their price target on shares of Burlington Stores from $285.00 to $305.00 and gave the stock an “overweight” rating in a research report on Wednesday. Two investment analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $307.69.

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.