Cerity Partners LLC Purchases 3,388 Shares of Burlington Stores, Inc. (NYSE:BURL)

Cerity Partners LLC grew its position in shares of Burlington Stores, Inc. (NYSE:BURL) by 25.9% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 16,461 shares of the company’s stock after buying an additional 3,388 shares during the quarter. Cerity Partners LLC’s holdings in Burlington Stores were worth $4,337,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in BURL. Massachusetts Financial Services Co. MA boosted its stake in Burlington Stores by 1,048.8% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 730,524 shares of the company’s stock valued at $192,478,000 after purchasing an additional 666,934 shares during the last quarter. AQR Capital Management LLC lifted its holdings in shares of Burlington Stores by 2,542.2% during the second quarter. AQR Capital Management LLC now owns 247,970 shares of the company’s stock valued at $59,114,000 after purchasing an additional 238,585 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Burlington Stores by 54.8% during the second quarter. Dimensional Fund Advisors LP now owns 587,376 shares of the company’s stock valued at $140,968,000 after buying an additional 207,959 shares during the last quarter. Marshall Wace LLP bought a new stake in Burlington Stores in the 2nd quarter worth about $47,725,000. Finally, Assenagon Asset Management S.A. raised its position in Burlington Stores by 1,917.3% in the 2nd quarter. Assenagon Asset Management S.A. now owns 207,260 shares of the company’s stock worth $49,742,000 after buying an additional 196,986 shares during the last quarter.

Burlington Stores Stock Performance

Shares of NYSE BURL opened at $288.36 on Friday. The company has a debt-to-equity ratio of 1.15, a current ratio of 1.04 and a quick ratio of 0.48. Burlington Stores, Inc. has a 1 year low of $168.49 and a 1 year high of $298.89. The firm has a fifty day moving average price of $262.41 and a 200-day moving average price of $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 posted its quarterly earnings results on Tuesday, November 26th. The company reported $1.55 EPS for the quarter, beating analysts’ consensus estimates of $1.53 by $0.02. The business had revenue of $2.53 billion for the quarter, compared to analysts’ expectations of $2.55 billion. Burlington Stores had a return on equity of 47.43% and a net margin of 4.18%. The business’s quarterly revenue was up 10.5% on a year-over-year basis. During the same period last year, the firm earned $0.98 earnings per share. Equities analysts anticipate that Burlington Stores, Inc. will post 7.94 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on BURL. StockNews.com lowered shares of Burlington Stores from a “buy” rating to a “hold” rating in a research note on Wednesday, October 23rd. TD Cowen boosted their target price on shares of Burlington Stores from $288.00 to $334.00 and gave the company a “buy” rating in a research note on Monday. Wells Fargo & Company raised their price target on Burlington Stores from $300.00 to $325.00 and gave the stock an “overweight” rating in a research note on Friday, August 23rd. UBS Group upped their price objective on Burlington Stores from $270.00 to $280.00 and gave the company a “neutral” rating in a research report on Thursday, November 14th. Finally, Telsey Advisory Group reissued an “outperform” rating and issued a $310.00 target price on shares of Burlington Stores in a research report on Tuesday. Two equities research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $307.69.

Insider Buying and Selling

In other news, Director Paul Sullivan sold 1,705 shares of the business’s stock in a transaction 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 transaction, 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.91% of the stock is owned by insiders.

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.