Burlington Stores, Inc. (NYSE:BURL) Shares Purchased by LMR Partners LLP

LMR Partners LLP increased its position in shares of Burlington Stores, Inc. (NYSE:BURL) by 9,525.0% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 57,750 shares of the company’s stock after buying an additional 57,150 shares during the quarter. LMR Partners LLP’s holdings in Burlington Stores were worth $16,462,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Capital International Investors lifted its position in Burlington Stores by 7.7% in the fourth quarter. Capital International Investors now owns 5,160,096 shares of the company’s stock valued at $1,470,929,000 after purchasing an additional 367,703 shares during the period. SRS Investment Management LLC increased its stake in shares of Burlington Stores by 10.8% during the 4th quarter. SRS Investment Management LLC now owns 1,270,421 shares of the company’s stock worth $362,146,000 after purchasing an additional 123,973 shares in the last quarter. Geode Capital Management LLC increased its position in Burlington Stores by 0.8% during the fourth quarter. Geode Capital Management LLC now owns 1,083,852 shares of the company’s stock worth $308,403,000 after buying an additional 8,892 shares in the last quarter. Alyeska Investment Group L.P. raised its stake in Burlington Stores by 23.1% in the 4th quarter. Alyeska Investment Group L.P. now owns 1,051,611 shares of the company’s stock valued at $299,772,000 after purchasing an additional 197,187 shares during the last quarter. Finally, Anomaly Capital Management LP lifted its stake in shares of Burlington Stores by 21.9% during the fourth quarter. Anomaly Capital Management LP now owns 961,281 shares of the company’s stock valued at $274,023,000 after buying an additional 172,431 shares during the period.

Wall Street Analysts Forecast Growth

BURL has been the topic of several analyst reports. Robert W. Baird raised their price objective on Burlington Stores from $330.00 to $335.00 and gave the stock an “outperform” rating in a report on Friday, March 7th. Citigroup reduced their target price on Burlington Stores from $344.00 to $340.00 and set a “buy” rating on the stock in a report on Friday, March 7th. Telsey Advisory Group reaffirmed an “outperform” rating and set a $340.00 price target on shares of Burlington Stores in a research report on Thursday, March 6th. UBS Group lifted their price target on Burlington Stores from $360.00 to $405.00 and gave the stock a “buy” rating in a research note on Friday, March 7th. Finally, Barclays boosted their price objective on Burlington Stores from $317.00 to $329.00 and gave the company an “overweight” rating in a research report on Friday, March 7th. One research analyst has rated the stock with a hold rating and fifteen have issued a buy rating to the company. According to MarketBeat, Burlington Stores currently has an average rating of “Moderate Buy” and an average price target of $319.60.

Insider Activity

In other news, CMO Jennifer Vecchio sold 4,939 shares of the firm’s stock in a transaction dated Thursday, March 20th. The shares were sold at an average price of $239.94, for a total transaction of $1,185,063.66. Following the completion of the transaction, the chief marketing officer now directly owns 70,006 shares of the company’s stock, valued at approximately $16,797,239.64. This trade represents a 6.59% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Travis Marquette sold 190 shares of the stock in a transaction dated Monday, May 5th. The stock was sold at an average price of $237.63, for a total transaction of $45,149.70. Following the completion of the transaction, the chief operating officer now directly owns 22,858 shares of the company’s stock, valued at $5,431,746.54. This trade represents a 0.82% decrease in their position. The disclosure for this sale can be found here. 1.10% of the stock is owned by corporate insiders.

Burlington Stores Trading Down 3.9%

Shares of Burlington Stores stock opened at $239.38 on Monday. The business has a fifty day simple moving average of $235.08 and a 200-day simple moving average of $259.70. Burlington Stores, Inc. has a fifty-two week low of $181.87 and a fifty-two week high of $298.89. The firm has a market cap of $15.08 billion, a price-to-earnings ratio of 32.79, a price-to-earnings-growth ratio of 1.11 and a beta of 1.70. The company has a quick ratio of 0.54, a current ratio of 1.17 and a debt-to-equity ratio of 1.35.

Burlington Stores (NYSE:BURL) last released its quarterly earnings data on Thursday, March 6th. The company reported $4.07 earnings per share for the quarter, topping the consensus estimate of $3.75 by $0.32. Burlington Stores had a return on equity of 47.52% and a net margin of 4.49%. The business had revenue of $3.28 billion during the quarter, compared to analyst estimates of $3.25 billion. On average, equities analysts forecast that Burlington Stores, Inc. will post 7.93 EPS for the current fiscal year.

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.