IFM Investors Pty Ltd increased its stake in shares of Burlington Stores, Inc. (NYSE:BURL – Free Report) by 4.5% in the second quarter, according to its most recent 13F filing with the SEC. The firm owned 12,105 shares of the company’s stock after purchasing an additional 526 shares during the period. IFM Investors Pty Ltd’s holdings in Burlington Stores were worth $2,816,000 at the end of the most recent reporting period.
Other hedge funds have also recently made changes to their positions in the company. Golden State Wealth Management LLC boosted its position in shares of Burlington Stores by 258.6% during the 1st quarter. Golden State Wealth Management LLC now owns 104 shares of the company’s stock worth $25,000 after purchasing an additional 75 shares during the period. WPG Advisers LLC purchased a new position in Burlington Stores in the 1st quarter valued at approximately $26,000. Thurston Springer Miller Herd & Titak Inc. boosted its position in Burlington Stores by 250.9% in the 2nd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 186 shares of the company’s stock valued at $43,000 after buying an additional 133 shares during the period. Brooklyn Investment Group boosted its position in Burlington Stores by 48.2% in the 1st quarter. Brooklyn Investment Group now owns 206 shares of the company’s stock valued at $49,000 after buying an additional 67 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new position in Burlington Stores in the 4th quarter valued at approximately $75,000.
Burlington Stores Stock Down 1.8%
Shares of NYSE:BURL opened at $258.40 on Tuesday. The company has a market cap of $16.29 billion, a price-to-earnings ratio of 30.51, a PEG ratio of 1.97 and a beta of 1.72. The firm’s 50-day simple moving average is $277.41 and its 200-day simple moving average is $252.21. The company has a quick ratio of 0.55, a current ratio of 1.23 and a debt-to-equity ratio of 1.40. Burlington Stores, Inc. has a fifty-two week low of $212.92 and a fifty-two week high of $309.00.
Analyst Ratings Changes
BURL has been the subject of several recent research reports. Jefferies Financial Group raised their price target on shares of Burlington Stores from $300.00 to $350.00 and gave the company a “buy” rating in a research report on Friday, August 29th. Loop Capital decreased their price target on shares of Burlington Stores from $315.00 to $305.00 and set a “buy” rating for the company in a research report on Friday, May 30th. Barclays raised their price target on shares of Burlington Stores from $299.00 to $336.00 and gave the company an “overweight” rating in a research report on Friday, August 29th. Bank of America raised their price target on shares of Burlington Stores from $350.00 to $363.00 and gave the company a “buy” rating in a research report on Friday, August 29th. Finally, Telsey Advisory Group reissued an “outperform” rating and issued a $350.00 price target (up previously from $300.00) on shares of Burlington Stores in a research report on Thursday, August 28th. Fourteen equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock currently has an average rating of “Buy” and an average price target of $344.29.
Read Our Latest Research Report on BURL
Insider Transactions at Burlington Stores
In other Burlington Stores news, CMO Jennifer Vecchio sold 420 shares of Burlington Stores stock in a transaction dated Tuesday, July 1st. The shares were sold at an average price of $236.64, for a total transaction of $99,388.80. Following the completion of the transaction, the chief marketing officer owned 65,429 shares in the company, valued at approximately $15,483,118.56. The trade was a 0.64% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CAO Stephen Ferroni sold 1,123 shares of Burlington Stores stock in a transaction dated Tuesday, September 9th. The stock was sold at an average price of $281.25, for a total transaction of $315,843.75. Following the transaction, the chief accounting officer owned 2,389 shares of the company’s stock, valued at approximately $671,906.25. The trade was a 31.98% decrease in their position. The disclosure for this sale can be found here. 1.10% of the stock is currently owned by insiders.
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.
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