AM Squared Ltd Buys New Shares in Burlington Stores, Inc. (NYSE:BURL)

AM Squared Ltd bought a new stake in shares of Burlington Stores, Inc. (NYSE:BURL) in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 200 shares of the company’s stock, valued at approximately $53,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in BURL. AQR Capital Management LLC lifted its stake in Burlington Stores by 2,542.2% during the second quarter. AQR Capital Management LLC now owns 247,970 shares of the company’s stock valued at $59,114,000 after purchasing an additional 238,585 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in Burlington Stores by 54.8% during the second quarter. Dimensional Fund Advisors LP now owns 587,376 shares of the company’s stock valued at $140,968,000 after purchasing an additional 207,959 shares during the last quarter. Marshall Wace LLP acquired a new stake in shares of Burlington Stores during the second quarter valued at approximately $47,725,000. Assenagon Asset Management S.A. raised its holdings in shares of Burlington Stores by 1,917.3% during the second quarter. Assenagon Asset Management S.A. now owns 207,260 shares of the company’s stock valued at $49,742,000 after acquiring an additional 196,986 shares during the period. Finally, Anomaly Capital Management LP raised its holdings in shares of Burlington Stores by 34.6% during the second quarter. Anomaly Capital Management LP now owns 730,175 shares of the company’s stock valued at $175,242,000 after acquiring an additional 187,760 shares during the period.

Burlington Stores Stock Performance

BURL stock opened at $268.94 on Friday. The company has a quick ratio of 0.48, a current ratio of 1.04 and a debt-to-equity ratio of 1.15. The company has a market capitalization of $17.12 billion, a price-to-earnings ratio of 40.44, a P/E/G ratio of 1.37 and a beta of 1.64. Burlington Stores, Inc. has a 12 month low of $128.57 and a 12 month high of $282.49. The firm has a 50 day moving average of $260.80 and a two-hundred day moving average of $244.48.

Burlington Stores (NYSE:BURL) last posted its earnings results on Thursday, August 29th. The company reported $1.20 EPS for the quarter, topping the consensus estimate of $0.95 by $0.25. The company had revenue of $2.47 billion during the quarter, compared to the consensus estimate of $2.42 billion. Burlington Stores had a net margin of 4.18% and a return on equity of 47.43%. The company’s revenue for the quarter was up 13.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.60 earnings per share. As a group, equities analysts anticipate that Burlington Stores, Inc. will post 7.93 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the stock. Evercore ISI boosted their price target on shares of Burlington Stores from $300.00 to $315.00 and gave the company an “outperform” rating in a report on Friday, August 30th. Wells Fargo & Company boosted their price target on shares of Burlington Stores from $300.00 to $325.00 and gave the company an “overweight” rating in a report on Friday, August 23rd. Barclays boosted their price target on shares of Burlington Stores from $274.00 to $327.00 and gave the company an “overweight” rating in a report on Friday, August 30th. Bank of America boosted their price target on shares of Burlington Stores from $275.00 to $315.00 and gave the company a “buy” rating in a report on Friday, August 30th. Finally, JPMorgan Chase & Co. upped their price objective on shares of Burlington Stores from $284.00 to $288.00 and gave the company an “overweight” rating in a research note on Monday, July 22nd. Two analysts have rated the stock with a hold rating and fifteen 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 an average target price of $297.56.

Insider Buying and Selling

In related news, Director Paul Sullivan sold 1,705 shares of the company’s stock in a transaction on Thursday, September 19th. The shares were 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 directly owns 7,393 shares of the company’s stock, valued at approximately $2,048,230.65. This represents a 18.74 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.91% of the stock is owned by insiders.

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.