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

Rhumbline Advisers raised its stake in Burlington Stores, Inc. (NYSE:BURL) by 9.6% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 88,782 shares of the company’s stock after acquiring an additional 7,793 shares during the period. Rhumbline Advisers owned 0.14% of Burlington Stores worth $13,973,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently made changes to their positions in the company. T. Rowe Price Investment Management Inc. grew its stake in Burlington Stores by 6.5% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 6,854,793 shares of the company’s stock worth $1,389,878,000 after buying an additional 415,655 shares during the last quarter. Vanguard Group Inc. grew its position in shares of Burlington Stores by 0.6% during the first quarter. Vanguard Group Inc. now owns 5,884,904 shares of the company’s stock worth $1,072,053,000 after acquiring an additional 33,036 shares during the last quarter. Wellington Management Group LLP increased its holdings in shares of Burlington Stores by 1.9% in the 1st quarter. Wellington Management Group LLP now owns 999,412 shares of the company’s stock valued at $182,064,000 after acquiring an additional 18,372 shares during the period. Geode Capital Management LLC raised its position in Burlington Stores by 2.6% in the 1st quarter. Geode Capital Management LLC now owns 874,744 shares of the company’s stock valued at $176,515,000 after purchasing an additional 22,205 shares during the last quarter. Finally, Bessemer Group Inc. boosted its stake in Burlington Stores by 0.5% during the 1st quarter. Bessemer Group Inc. now owns 727,476 shares of the company’s stock worth $147,022,000 after purchasing an additional 3,303 shares during the period.

Burlington Stores Trading Up 4.7 %

NYSE:BURL opened at $136.00 on Monday. Burlington Stores, Inc. has a 52-week low of $115.66 and a 52-week high of $239.94. The company has a quick ratio of 0.46, a current ratio of 1.17 and a debt-to-equity ratio of 1.63. The stock has a fifty day simple moving average of $130.00 and a 200-day simple moving average of $151.62. The company has a market capitalization of $8.82 billion, a PE ratio of 33.50, a price-to-earnings-growth ratio of 0.82 and a beta of 1.23.

Burlington Stores (NYSE:BURL) last announced its earnings results on Thursday, August 24th. The company reported $0.60 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.43 by $0.17. The company had revenue of $2.17 billion during the quarter, compared to analysts’ expectations of $2.17 billion. Burlington Stores had a net margin of 2.92% and a return on equity of 41.25%. The firm’s quarterly revenue was up 9.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.35 earnings per share. On average, equities research analysts expect that Burlington Stores, Inc. will post 5.66 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research analysts have commented on BURL shares. Citigroup dropped their price objective on shares of Burlington Stores from $220.00 to $215.00 and set a “buy” rating on the stock in a research note on Wednesday, November 8th. Telsey Advisory Group reaffirmed an “outperform” rating and set a $225.00 price objective on shares of Burlington Stores in a research note on Wednesday, November 15th. TD Cowen lowered their target price on Burlington Stores from $185.00 to $181.00 and set a “market perform” rating on the stock in a research note on Monday, August 28th. Sanford C. Bernstein cut their price target on Burlington Stores from $200.00 to $190.00 and set an “outperform” rating for the company in a research note on Sunday, August 27th. Finally, StockNews.com lowered shares of Burlington Stores from a “buy” rating to a “hold” rating in a research report on Tuesday, November 7th. One research analyst has rated the stock with a sell rating, four have given a hold rating and fourteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $208.45.

About Burlington Stores

Burlington Stores, Inc operates as a retailer of branded apparel products 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.