Assetmark Inc. Acquires 632 Shares of Burlington Stores, Inc. (NYSE:BURL)

Assetmark Inc. increased its holdings in shares of Burlington Stores, Inc. (NYSE:BURL) by 3,950.0% during the third quarter, HoldingsChannel reports. The firm owned 648 shares of the company’s stock after buying an additional 632 shares during the period. Assetmark Inc.’s holdings in Burlington Stores were worth $171,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Capital Performance Advisors LLP bought a new position in Burlington Stores in the third quarter valued at about $85,000. Hanseatic Management Services Inc. bought a new position in Burlington Stores in the third quarter valued at about $70,000. Asset Management One Co. Ltd. lifted its holdings in Burlington Stores by 0.6% in the third quarter. Asset Management One Co. Ltd. now owns 23,230 shares of the company’s stock valued at $6,121,000 after acquiring an additional 129 shares during the period. National Pension Service lifted its holdings in Burlington Stores by 3.3% in the third quarter. National Pension Service now owns 118,719 shares of the company’s stock valued at $31,280,000 after acquiring an additional 3,817 shares during the period. Finally, Cohen Capital Management Inc. lifted its holdings in Burlington Stores by 9.9% in the third quarter. Cohen Capital Management Inc. now owns 6,239 shares of the company’s stock valued at $1,644,000 after acquiring an additional 560 shares during the period.

Insider Transactions at Burlington Stores

In other news, Director Paul Sullivan sold 1,705 shares of Burlington Stores stock in a transaction that occurred on Thursday, September 19th. The stock was 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 owns 7,393 shares in the company, valued at approximately $2,048,230.65. The trade was a 18.74 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.91% of the company’s stock.

Burlington Stores Price Performance

Shares of Burlington Stores stock opened at $268.94 on Monday. The stock has a market cap of $17.12 billion, a price-to-earnings ratio of 40.44, a price-to-earnings-growth ratio of 1.37 and a beta of 1.64. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.48 and a current ratio of 1.04. The stock has a 50 day moving average price of $260.80 and a 200-day moving average price of $244.95. Burlington Stores, Inc. has a one year low of $128.57 and a one year high of $282.49.

Burlington Stores (NYSE:BURL) last announced its earnings results on Thursday, August 29th. The company reported $1.20 EPS for the quarter, topping analysts’ consensus estimates of $0.95 by $0.25. The firm had revenue of $2.47 billion during the quarter, compared to analysts’ expectations of $2.42 billion. Burlington Stores had a return on equity of 47.43% and a net margin of 4.18%. The company’s quarterly revenue was up 13.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.60 EPS. Equities analysts expect that Burlington Stores, Inc. will post 7.93 EPS for the current year.

Wall Street Analyst Weigh In

Several research analysts have recently commented on BURL shares. Loop Capital raised their price objective on Burlington Stores from $270.00 to $345.00 and gave the stock a “buy” rating in a research note on Friday, August 30th. StockNews.com downgraded Burlington Stores from a “buy” rating to a “hold” rating in a research note on Wednesday, October 23rd. Evercore ISI raised their price objective on Burlington Stores from $300.00 to $315.00 and gave the stock an “outperform” rating in a research note on Friday, August 30th. Citigroup increased their target price on Burlington Stores from $276.00 to $313.00 and gave the stock a “buy” rating in a research report on Friday, August 30th. Finally, TD Cowen increased their target price on Burlington Stores from $279.00 to $288.00 and gave the stock a “buy” rating in a research report on Friday, August 30th. Two investment analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $297.56.

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.