Brooklyn Investment Group Purchases Shares of 125 Burlington Stores, Inc. (NYSE:BURL)

Brooklyn Investment Group purchased a new stake in Burlington Stores, Inc. (NYSE:BURL) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 125 shares of the company’s stock, valued at approximately $33,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Crewe Advisors LLC purchased a new stake in Burlington Stores in the 2nd quarter valued at about $25,000. ORG Partners LLC purchased a new stake in Burlington Stores in the 2nd quarter valued at about $38,000. Blue Trust Inc. grew its holdings 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 buying an additional 161 shares during the period. American National Bank purchased a new stake in Burlington Stores in the 2nd quarter valued at about $47,000. Finally, UMB Bank n.a. grew its holdings in Burlington Stores by 391.7% in the 3rd quarter. UMB Bank n.a. now owns 177 shares of the company’s stock valued at $47,000 after buying an additional 141 shares during the period.

Burlington Stores Stock Performance

Shares of BURL opened at $282.12 on Friday. The business’s 50 day moving average is $262.68 and its two-hundred day moving average is $249.98. Burlington Stores, Inc. has a 52-week low of $168.49 and a 52-week high of $298.89. The firm has a market cap of $17.96 billion, a price-to-earnings ratio of 38.65, a PEG ratio of 1.48 and a beta of 1.64. The company has a quick ratio of 0.48, a current ratio of 1.17 and a debt-to-equity ratio of 1.35.

Burlington Stores (NYSE:BURL) last announced its earnings results on Tuesday, November 26th. The company reported $1.55 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.53 by $0.02. Burlington Stores had a return on equity of 47.52% and a net margin of 4.49%. The company had revenue of $2.53 billion for the quarter, compared to analyst estimates of $2.55 billion. During the same period in the prior year, the company posted $0.98 EPS. Burlington Stores’s quarterly revenue was up 10.5% on a year-over-year basis. Analysts forecast that Burlington Stores, Inc. will post 7.9 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on BURL shares. UBS Group lifted their price objective on Burlington Stores from $270.00 to $280.00 and gave the company a “neutral” rating in a research note on Thursday, November 14th. Barclays reduced their price objective on Burlington Stores from $327.00 to $317.00 and set an “overweight” rating on the stock in a research note on Wednesday. Loop Capital lifted their price objective on Burlington Stores from $270.00 to $345.00 and gave the company a “buy” rating in a research note on Friday, August 30th. Robert W. Baird lifted their price objective on Burlington Stores from $315.00 to $330.00 and gave the company an “outperform” rating in a research note on Wednesday. Finally, Telsey Advisory Group reaffirmed an “outperform” rating and issued a $310.00 price objective on shares of Burlington Stores in a research note on Tuesday. Two research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. Based on data from MarketBeat.com, Burlington Stores has an average rating of “Moderate Buy” and a consensus price target of $307.69.

Insider Buying and Selling at Burlington Stores

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

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.