Burlington Stores, Inc. (NYSE:BURL) Shares Purchased by Vestcor Inc

Vestcor Inc grew its stake in shares of Burlington Stores, Inc. (NYSE:BURL) by 86.9% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 32,914 shares of the company’s stock after acquiring an additional 15,300 shares during the quarter. Vestcor Inc owned about 0.05% of Burlington Stores worth $8,672,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Massachusetts Financial Services Co. MA lifted its stake in shares of Burlington Stores by 1,048.8% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 730,524 shares of the company’s stock valued at $192,478,000 after purchasing an additional 666,934 shares in the last quarter. AQR Capital Management LLC boosted its position in Burlington Stores by 2,542.2% in the 2nd quarter. AQR Capital Management LLC now owns 247,970 shares of the company’s stock valued at $59,114,000 after buying an additional 238,585 shares during the last quarter. Dimensional Fund Advisors LP increased its position in shares of Burlington Stores by 54.8% during the second quarter. Dimensional Fund Advisors LP now owns 587,376 shares of the company’s stock worth $140,968,000 after acquiring an additional 207,959 shares during the last quarter. Marshall Wace LLP acquired a new position in shares of Burlington Stores in the second quarter worth about $47,725,000. Finally, Assenagon Asset Management S.A. boosted its holdings in Burlington Stores by 1,917.3% in the second quarter. Assenagon Asset Management S.A. now owns 207,260 shares of the company’s stock valued at $49,742,000 after purchasing an additional 196,986 shares during the last quarter.

Insider Buying and Selling at Burlington Stores

In other Burlington Stores news, CMO Jennifer Vecchio sold 494 shares of Burlington Stores stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $293.89, for a total transaction of $145,181.66. Following the sale, the chief marketing officer now owns 59,931 shares of the company’s stock, valued at $17,613,121.59. The trade was a 0.82 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Paul Sullivan sold 1,705 shares of the stock in a transaction 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 directly owns 7,393 shares of the company’s stock, valued at approximately $2,048,230.65. The trade was a 18.74 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 2,283 shares of company stock valued at $638,628 in the last ninety days. Company insiders own 0.91% of the company’s stock.

Wall Street Analysts Forecast Growth

BURL has been the topic of a number of recent analyst reports. StockNews.com lowered Burlington Stores from a “buy” rating to a “hold” rating in a research report on Wednesday, October 23rd. Morgan Stanley upped their price target on shares of Burlington Stores from $285.00 to $305.00 and gave the company an “overweight” rating in a report on Wednesday, November 27th. UBS Group raised their price objective on shares of Burlington Stores from $270.00 to $280.00 and gave the stock a “neutral” rating in a report on Thursday, November 14th. Telsey Advisory Group reissued an “outperform” rating and issued a $310.00 target price on shares of Burlington Stores in a research report on Tuesday, November 26th. Finally, Wells Fargo & Company lifted their price target on Burlington Stores from $300.00 to $325.00 and gave the stock an “overweight” rating in a research note on Friday, August 23rd. Two analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $307.69.

Burlington Stores Trading Up 0.8 %

Shares of NYSE BURL opened at $291.34 on Tuesday. The company has a market cap of $18.49 billion, a price-to-earnings ratio of 39.91, a price-to-earnings-growth ratio of 1.54 and a beta of 1.64. The stock’s 50 day simple moving average is $265.22 and its 200 day simple moving average is $255.60. The company has a current ratio of 1.17, a quick ratio of 0.54 and a debt-to-equity ratio of 1.35. Burlington Stores, Inc. has a 12-month low of $174.64 and a 12-month high of $298.89.

Burlington Stores (NYSE:BURL) last announced its quarterly earnings results on Tuesday, November 26th. The company reported $1.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.54 by $0.01. The company had revenue of $2.53 billion during the quarter, compared to the consensus estimate of $2.55 billion. Burlington Stores had a net margin of 4.49% and a return on equity of 47.52%. The company’s revenue for the quarter was up 10.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.98 earnings per share. Equities research analysts expect that Burlington Stores, Inc. will post 7.93 EPS for the current 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.