Headlands Technologies LLC Takes Position in Burlington Stores, Inc. (NYSE:BURL)

Headlands Technologies LLC bought a new position in Burlington Stores, Inc. (NYSE:BURL) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 561 shares of the company’s stock, valued at approximately $109,000.

Several other hedge funds also recently modified their holdings of BURL. Wahed Invest LLC increased its stake in Burlington Stores by 9.7% during the third quarter. Wahed Invest LLC now owns 1,026 shares of the company’s stock valued at $139,000 after acquiring an additional 91 shares during the period. Lindbrook Capital LLC increased its position in shares of Burlington Stores by 114.6% during the fourth quarter. Lindbrook Capital LLC now owns 176 shares of the company’s stock valued at $34,000 after purchasing an additional 94 shares during the period. Daiwa Securities Group Inc. raised its stake in shares of Burlington Stores by 2.0% in the fourth quarter. Daiwa Securities Group Inc. now owns 5,728 shares of the company’s stock valued at $1,114,000 after purchasing an additional 114 shares in the last quarter. Tributary Capital Management LLC raised its stake in shares of Burlington Stores by 1.9% in the fourth quarter. Tributary Capital Management LLC now owns 6,338 shares of the company’s stock valued at $1,233,000 after purchasing an additional 120 shares in the last quarter. Finally, Arizona State Retirement System lifted its position in Burlington Stores by 0.7% in the fourth quarter. Arizona State Retirement System now owns 17,823 shares of the company’s stock worth $3,466,000 after purchasing an additional 121 shares during the period.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on BURL shares. Piper Sandler raised shares of Burlington Stores from a “neutral” rating to an “overweight” rating and boosted their price target for the company from $155.00 to $240.00 in a report on Wednesday, January 17th. StockNews.com raised shares of Burlington Stores from a “hold” rating to a “buy” rating in a research note on Saturday, March 9th. Evercore ISI raised their price target on shares of Burlington Stores from $220.00 to $235.00 and gave the stock an “outperform” rating in a research note on Friday, February 23rd. Finally, Telsey Advisory Group reiterated an “outperform” rating and issued a $250.00 price objective (up from $225.00) on shares of Burlington Stores in a research note on Monday, March 4th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $210.69.

Insider Transactions at Burlington Stores

In related news, CMO Jennifer Vecchio sold 5,025 shares of Burlington Stores stock in a transaction that occurred on Wednesday, March 20th. The stock was sold at an average price of $225.24, for a total value of $1,131,831.00. Following the sale, the chief marketing officer now owns 61,115 shares of the company’s stock, valued at approximately $13,765,542.60. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.91% of the stock is owned by insiders.

Burlington Stores Stock Performance

Shares of BURL stock opened at $182.80 on Tuesday. The company has a market capitalization of $11.68 billion, a P/E ratio of 34.82, a price-to-earnings-growth ratio of 1.07 and a beta of 1.49. Burlington Stores, Inc. has a 52 week low of $115.66 and a 52 week high of $232.69. The company has a debt-to-equity ratio of 1.40, a quick ratio of 0.61 and a current ratio of 1.15. The company’s 50 day moving average price is $205.62 and its two-hundred day moving average price is $182.66.

Burlington Stores (NYSE:BURL) last posted its quarterly earnings data on Thursday, March 7th. The company reported $3.30 EPS for the quarter, beating the consensus estimate of $3.28 by $0.02. The business had revenue of $3.13 billion for the quarter, compared to analysts’ expectations of $3.07 billion. Burlington Stores had a net margin of 3.49% and a return on equity of 45.28%. The firm’s revenue was up 13.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.96 EPS. On average, analysts expect that Burlington Stores, Inc. will post 7.41 earnings per share 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.