Los Angeles Capital Management LLC Has $66.94 Million Position in Burlington Stores, Inc. (NYSE:BURL)

Los Angeles Capital Management LLC reduced its holdings in Burlington Stores, Inc. (NYSE:BURL) by 47.4% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 254,052 shares of the company’s stock after selling 228,893 shares during the period. Los Angeles Capital Management LLC owned 0.40% of Burlington Stores worth $66,938,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. CANADA LIFE ASSURANCE Co increased its stake in Burlington Stores by 7.4% in the 1st quarter. CANADA LIFE ASSURANCE Co now owns 56,326 shares of the company’s stock valued at $13,073,000 after buying an additional 3,867 shares during the last quarter. Meeder Asset Management Inc. bought a new position in shares of Burlington Stores in the 1st quarter valued at about $1,819,000. Tidal Investments LLC grew its position in shares of Burlington Stores by 178.4% in 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 period. Cetera Investment Advisers bought a new position in shares of Burlington Stores in the 1st quarter valued at about $2,851,000. Finally, Mitsubishi UFJ Trust & Banking Corp grew its position in shares of Burlington Stores by 14.6% in the 1st quarter. Mitsubishi UFJ Trust & Banking Corp now owns 39,584 shares of the company’s stock valued at $9,166,000 after acquiring an additional 5,032 shares during the period.

Wall Street Analyst Weigh In

BURL has been the subject of a number of analyst reports. Wells Fargo & Company lifted their price objective on shares of Burlington Stores from $300.00 to $325.00 and gave the company an “overweight” rating in a research report on Friday, August 23rd. Loop Capital lifted their price objective on shares of Burlington Stores from $270.00 to $345.00 and gave the company a “buy” rating in a research report on Friday, August 30th. Morgan Stanley lifted their price objective on shares of Burlington Stores from $284.00 to $300.00 and gave the company an “overweight” rating in a research report on Friday, August 30th. The Goldman Sachs Group lifted 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, TD Cowen lifted their target price on shares of Burlington Stores from $279.00 to $288.00 and gave the stock a “buy” rating in a report on Friday, August 30th. Two analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Burlington Stores has a consensus rating of “Moderate Buy” and an average target price of $294.94.

Insider Activity

In other news, Director Paul Sullivan sold 1,705 shares of the business’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 completion of the transaction, the director now directly owns 7,393 shares in the company, valued at approximately $2,048,230.65. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.91% of the company’s stock.

Burlington Stores Stock Performance

NYSE BURL traded up $1.00 during trading on Friday, reaching $263.29. The company’s stock had a trading volume of 624,223 shares, compared to its average volume of 752,454. The company has a current ratio of 1.04, a quick ratio of 0.48 and a debt-to-equity ratio of 1.15. The firm has a market capitalization of $16.76 billion, a price-to-earnings ratio of 39.59, a price-to-earnings-growth ratio of 1.29 and a beta of 1.64. Burlington Stores, Inc. has a 12 month low of $125.38 and a 12 month high of $282.49. The firm has a 50 day moving average price of $260.76 and a 200 day moving average price of $241.52.

Burlington Stores (NYSE:BURL) last issued its earnings results on Thursday, August 29th. The company reported $1.20 EPS for the quarter, beating the consensus estimate of $0.95 by $0.25. The company had revenue of $2.47 billion during the quarter, compared to analysts’ expectations of $2.42 billion. Burlington Stores had a net margin of 4.18% and a return on equity of 47.43%. The business’s revenue for the quarter was up 13.4% compared to the same quarter last year. During the same period in the previous year, the company earned $0.60 EPS. As a group, equities analysts anticipate that Burlington Stores, Inc. will post 7.91 EPS for the current fiscal year.

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.