GAMMA Investing LLC Acquires New Position in Burlington Stores, Inc. (NYSE:BURL)

GAMMA Investing LLC bought a new stake in Burlington Stores, Inc. (NYSE:BURL) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 212 shares of the company’s stock, valued at approximately $41,000.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Wahed Invest LLC increased its holdings in Burlington Stores by 9.7% during the 3rd quarter. Wahed Invest LLC now owns 1,026 shares of the company’s stock valued at $139,000 after acquiring an additional 91 shares in the last quarter. Lindbrook Capital LLC boosted its position in shares of Burlington Stores by 114.6% in the fourth quarter. Lindbrook Capital LLC now owns 176 shares of the company’s stock worth $34,000 after acquiring an additional 94 shares during the last quarter. Daiwa Securities Group Inc. boosted its position in shares of Burlington Stores by 2.0% in the fourth quarter. Daiwa Securities Group Inc. now owns 5,728 shares of the company’s stock worth $1,114,000 after acquiring an additional 114 shares during the last quarter. Tributary Capital Management LLC boosted its position in shares of Burlington Stores by 1.9% in the fourth quarter. Tributary Capital Management LLC now owns 6,338 shares of the company’s stock worth $1,233,000 after acquiring an additional 120 shares during the last quarter. Finally, Arizona State Retirement System boosted its position in shares of Burlington Stores by 0.7% in the fourth quarter. Arizona State Retirement System now owns 17,823 shares of the company’s stock worth $3,466,000 after acquiring an additional 121 shares during the last quarter.

Analyst Ratings Changes

Several research firms recently issued reports on BURL. Evercore ISI raised their target price on shares of Burlington Stores from $220.00 to $235.00 and gave the stock an “outperform” rating in a research report on Friday, February 23rd. UBS Group raised shares of Burlington Stores from a “sell” rating to a “neutral” rating and lifted their price target for the company from $126.00 to $212.00 in a research report on Thursday. Piper Sandler raised shares of Burlington Stores from a “neutral” rating to an “overweight” rating and lifted their price target for the company from $155.00 to $240.00 in a research report on Wednesday, January 17th. Telsey Advisory Group reiterated an “outperform” rating and set a $250.00 price objective (up previously from $225.00) on shares of Burlington Stores in a research note on Monday, March 4th. Finally, StockNews.com upgraded shares of Burlington Stores from a “hold” rating to a “buy” rating in a research note on Saturday, March 9th. Three investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $216.06.

Burlington Stores Stock Performance

Burlington Stores stock opened at $185.63 on Friday. The company has a market cap of $11.86 billion, a PE ratio of 35.36, a P/E/G ratio of 1.04 and a beta of 1.54. The company has a fifty day moving average price of $204.39 and a two-hundred day moving average price of $183.51. The company has a debt-to-equity ratio of 1.40, a current ratio of 1.15 and a quick ratio of 0.61. Burlington Stores, Inc. has a 12 month low of $115.66 and a 12 month high of $232.69.

Burlington Stores (NYSE:BURL) last announced its quarterly earnings results on Thursday, March 7th. The company reported $3.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.28 by $0.02. Burlington Stores had a net margin of 3.49% and a return on equity of 45.28%. The company had revenue of $3.13 billion during the quarter, compared to the consensus estimate of $3.07 billion. During the same quarter in the previous year, the company posted $2.96 earnings per share. The company’s revenue for the quarter was up 13.9% compared to the same quarter last year. Research analysts expect that Burlington Stores, Inc. will post 7.41 earnings per share for the current year.

Insider Activity

In related news, CMO Jennifer Vecchio sold 5,025 shares of the company’s stock in a transaction dated Wednesday, March 20th. The shares were sold at an average price of $225.24, for a total value of $1,131,831.00. Following the completion of the sale, the chief marketing officer now owns 61,115 shares of the company’s stock, valued at $13,765,542.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.91% of the company’s stock.

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.