Alpha DNA Investment Management LLC Makes New $764,000 Investment in Burlington Stores, Inc. (NYSE:BURL)

Alpha DNA Investment Management LLC purchased a new position in shares of Burlington Stores, Inc. (NYSE:BURL) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 2,899 shares of the company’s stock, valued at approximately $764,000.

Several other institutional investors have also modified their holdings of BURL. Crewe Advisors LLC acquired a new stake in Burlington Stores during the 2nd quarter worth approximately $25,000. ORG Partners LLC bought a new stake in Burlington Stores in the 2nd quarter valued at $38,000. Blue Trust Inc. lifted its position in Burlington Stores by 619.2% in the 2nd quarter. Blue Trust Inc. now owns 187 shares of the company’s stock valued at $43,000 after acquiring an additional 161 shares in the last quarter. American National Bank acquired a new position in Burlington Stores in the 2nd quarter worth $47,000. Finally, UMB Bank n.a. increased its holdings in Burlington Stores by 391.7% during the 3rd quarter. UMB Bank n.a. now owns 177 shares of the company’s stock worth $47,000 after purchasing an additional 141 shares in the last quarter.

Insider Buying and Selling at Burlington Stores

In related news, Director Paul Sullivan sold 1,705 shares of Burlington Stores 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 completion of the sale, the director now owns 7,393 shares of the company’s stock, valued at approximately $2,048,230.65. The trade was a 18.74 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 0.91% of the company’s stock.

Burlington Stores Price Performance

Shares of NYSE BURL opened at $286.17 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. The business’s 50 day moving average price is $261.34 and its two-hundred day moving average price is $247.63. The company has a market cap of $18.22 billion, a PE ratio of 43.03, a price-to-earnings-growth ratio of 1.39 and a beta of 1.64. Burlington Stores, Inc. has a twelve month low of $168.49 and a twelve month high of $288.98.

Burlington Stores (NYSE:BURL) last posted its earnings results on Thursday, August 29th. The company reported $1.20 earnings per share for the quarter, topping analysts’ consensus estimates of $0.95 by $0.25. Burlington Stores had a return on equity of 47.43% and a net margin of 4.18%. The business had revenue of $2.47 billion for the quarter, compared to analyst estimates of $2.42 billion. During the same period in the previous year, the firm earned $0.60 EPS. The firm’s revenue was up 13.4% compared to the same quarter last year. On average, analysts predict that Burlington Stores, Inc. will post 7.94 EPS for the current year.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on BURL shares. Telsey Advisory Group reaffirmed an “outperform” rating and set a $300.00 price objective on shares of Burlington Stores in a research report on Thursday, August 29th. Citigroup raised their price target on shares of Burlington Stores from $276.00 to $313.00 and gave the stock a “buy” rating in a research note on Friday, August 30th. TD Cowen boosted their price objective on shares of Burlington Stores from $279.00 to $288.00 and gave the stock a “buy” rating in a research report on Friday, August 30th. The Goldman Sachs Group increased their target price on shares of Burlington Stores from $278.00 to $310.00 and gave the stock a “buy” rating in a report on Friday, August 30th. Finally, Evercore ISI lifted their price target on shares of Burlington Stores from $300.00 to $315.00 and gave the company an “outperform” rating in a research note on Friday, August 30th. Two research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $297.56.

Burlington Stores 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.