Blueshift Asset Management LLC Acquires New Stake in Burlington Stores, Inc. (NYSE:BURL)

Blueshift Asset Management LLC bought a new position in Burlington Stores, Inc. (NYSE:BURL) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 5,448 shares of the company’s stock, valued at approximately $1,553,000.

Several other hedge funds have also recently made changes to their positions in BURL. Geode Capital Management LLC increased its holdings in Burlington Stores by 1.7% in the 3rd quarter. Geode Capital Management LLC now owns 1,074,960 shares of the company’s stock worth $282,582,000 after acquiring an additional 18,160 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its position in Burlington Stores by 1,048.8% during the third quarter. Massachusetts Financial Services Co. MA now owns 730,524 shares of the company’s stock worth $192,478,000 after purchasing an additional 666,934 shares during the period. Jennison Associates LLC increased its stake in shares of Burlington Stores by 2.4% in the third quarter. Jennison Associates LLC now owns 510,074 shares of the company’s stock worth $134,394,000 after purchasing an additional 12,143 shares in the last quarter. Artemis Investment Management LLP raised its position in shares of Burlington Stores by 6.6% in the fourth quarter. Artemis Investment Management LLP now owns 396,938 shares of the company’s stock valued at $113,151,000 after purchasing an additional 24,576 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its stake in shares of Burlington Stores by 0.3% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 395,950 shares of the company’s stock valued at $112,870,000 after buying an additional 1,368 shares in the last quarter.

Burlington Stores Trading Up 4.6 %

NYSE BURL opened at $244.63 on Thursday. The company has a quick ratio of 0.54, a current ratio of 1.17 and a debt-to-equity ratio of 1.35. The stock’s 50-day simple moving average is $260.12 and its two-hundred day simple moving average is $267.50. Burlington Stores, Inc. has a twelve month low of $174.64 and a twelve month high of $298.89. The company has a market capitalization of $15.53 billion, a price-to-earnings ratio of 33.51, a PEG ratio of 1.11 and a beta of 1.73.

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

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on BURL. UBS Group boosted their target price on shares of Burlington Stores from $360.00 to $405.00 and gave the company a “buy” rating in a report on Friday, March 7th. Evercore ISI boosted their price objective on Burlington Stores from $315.00 to $340.00 and gave the company an “outperform” rating in a research note on Wednesday, November 27th. Telsey Advisory Group reaffirmed an “outperform” rating and set a $340.00 target price on shares of Burlington Stores in a report on Thursday, March 6th. TD Cowen increased their price target on shares of Burlington Stores from $334.00 to $339.00 and gave the stock a “buy” rating in a report on Thursday, December 12th. Finally, Morgan Stanley boosted their price objective on shares of Burlington Stores from $296.00 to $297.00 and gave the company an “overweight” rating in a research note on Friday, March 7th. One research analyst has rated the stock with a hold rating and fifteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $323.20.

Insider Activity

In other news, CMO Jennifer Vecchio sold 493 shares of the business’s stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $275.75, for a total value of $135,944.75. Following the completion of the sale, the chief marketing officer now owns 58,944 shares of the company’s stock, valued at approximately $16,253,808. The trade was a 0.83 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 0.91% of the stock is owned by corporate 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.