Brooklyn Investment Group Invests $33,000 in Burlington Stores, Inc. (NYSE:BURL)

Brooklyn Investment Group bought a new position in shares of Burlington Stores, Inc. (NYSE:BURL) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 125 shares of the company’s stock, valued at approximately $33,000.

A number of other hedge funds have also modified their holdings of the business. Quantbot Technologies LP purchased a new position in shares of Burlington Stores during the third quarter worth approximately $638,000. Dai ichi Life Insurance Company Ltd acquired a new stake in shares of Burlington Stores during the third quarter worth $1,190,000. Qsemble Capital Management LP acquired a new stake in shares of Burlington Stores during the third quarter worth $451,000. Loomis Sayles & Co. L P lifted its holdings in shares of Burlington Stores by 112.9% during the third quarter. Loomis Sayles & Co. L P now owns 330 shares of the company’s stock worth $87,000 after purchasing an additional 175 shares during the period. Finally, Harvest Fund Management Co. Ltd lifted its holdings in shares of Burlington Stores by 166.6% during the third quarter. Harvest Fund Management Co. Ltd now owns 1,053 shares of the company’s stock worth $277,000 after purchasing an additional 658 shares during the period.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the company. Morgan Stanley increased their price target on Burlington Stores from $285.00 to $305.00 and gave the stock an “overweight” rating in a report on Wednesday. UBS Group increased their price target on Burlington Stores from $270.00 to $280.00 and gave the stock a “neutral” rating in a report on Thursday, November 14th. Gordon Haskett raised Burlington Stores from a “hold” rating to a “buy” rating and set a $300.00 price target for the company in a report on Monday, August 19th. The Goldman Sachs Group increased their price target on Burlington Stores from $278.00 to $310.00 and gave the stock a “buy” rating in a report on Friday, August 30th. Finally, Citigroup raised their target price on Burlington Stores from $313.00 to $344.00 and gave the company a “buy” rating in a report on Wednesday. Two 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, the stock currently has an average rating of “Moderate Buy” and an average target price of $307.69.

Insider Buying and Selling

In related news, Director Paul Sullivan sold 1,705 shares of Burlington Stores stock in a transaction dated Thursday, September 19th. The stock was sold at an average price of $277.05, for a total transaction of $472,370.25. Following the completion of the sale, the director now owns 7,393 shares in the company, valued at approximately $2,048,230.65. This trade represents a 18.74 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.91% of the stock is currently owned by company insiders.

Burlington Stores Trading Down 2.2 %

Shares of BURL stock opened at $282.12 on Friday. Burlington Stores, Inc. has a fifty-two week low of $168.49 and a fifty-two week high of $298.89. The stock has a market cap of $17.96 billion, a P/E ratio of 38.65, a P/E/G ratio of 1.48 and a beta of 1.64. The business has a fifty day simple moving average of $262.68 and a 200-day simple moving average of $249.98. The company has a quick ratio of 0.48, a current ratio of 1.17 and a debt-to-equity ratio of 1.35.

Burlington Stores (NYSE:BURL) last announced its quarterly earnings results on Tuesday, November 26th. The company reported $1.55 earnings per share for the quarter, beating analysts’ consensus estimates of $1.53 by $0.02. Burlington Stores had a return on equity of 47.52% and a net margin of 4.49%. The business had revenue of $2.53 billion during the quarter, compared to analysts’ expectations of $2.55 billion. During the same quarter last year, the business posted $0.98 earnings per share. The business’s revenue for the quarter was up 10.5% on a year-over-year basis. On average, analysts forecast that Burlington Stores, Inc. will post 7.9 earnings per share 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.