2,275 Shares in Burlington Stores, Inc. $BURL Purchased by Aster Capital Management DIFC Ltd

Aster Capital Management DIFC Ltd purchased a new stake in Burlington Stores, Inc. (NYSE:BURL) in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 2,275 shares of the company’s stock, valued at approximately $579,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. First Horizon Corp bought a new position in shares of Burlington Stores in the third quarter valued at $25,000. Root Financial Partners LLC bought a new stake in Burlington Stores during the third quarter worth $30,000. Mather Group LLC. acquired a new stake in Burlington Stores in the third quarter valued at $36,000. Geneos Wealth Management Inc. grew its position in shares of Burlington Stores by 235.4% in the 2nd quarter. Geneos Wealth Management Inc. now owns 161 shares of the company’s stock valued at $37,000 after acquiring an additional 113 shares during the period. Finally, Jones Financial Companies Lllp grew its position in shares of Burlington Stores by 38.2% in the 3rd quarter. Jones Financial Companies Lllp now owns 170 shares of the company’s stock valued at $45,000 after acquiring an additional 47 shares during the period.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on BURL. Citigroup dropped their target price on shares of Burlington Stores from $358.00 to $351.00 and set a “buy” rating on the stock in a report on Monday, November 3rd. Weiss Ratings reissued a “hold (c+)” rating on shares of Burlington Stores in a research report on Wednesday, January 21st. Guggenheim initiated coverage on Burlington Stores in a research note on Tuesday, December 9th. They issued a “neutral” rating on the stock. Sanford C. Bernstein set a $350.00 target price on Burlington Stores and gave the stock an “outperform” rating in a research note on Tuesday, January 6th. Finally, The Goldman Sachs Group set a $331.00 price target on Burlington Stores in a research note on Wednesday, November 26th. Fifteen equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $338.44.

Burlington Stores Trading Up 0.3%

Shares of NYSE:BURL opened at $308.29 on Friday. The company has a market capitalization of $19.40 billion, a P/E ratio of 35.44, a P/E/G ratio of 1.67 and a beta of 1.74. The company has a debt-to-equity ratio of 1.32, a current ratio of 1.21 and a quick ratio of 0.46. The business’s 50 day simple moving average is $300.63 and its 200 day simple moving average is $281.90. Burlington Stores, Inc. has a 1 year low of $212.92 and a 1 year high of $332.20.

Burlington Stores (NYSE:BURL) last released its earnings results on Tuesday, November 25th. The company reported $1.68 earnings per share for the quarter, beating analysts’ consensus estimates of $1.59 by $0.09. Burlington Stores had a return on equity of 41.02% and a net margin of 5.01%.The firm had revenue of $2.71 billion during the quarter, compared to the consensus estimate of $2.74 billion. During the same period in the prior year, the company posted $1.55 EPS. The company’s revenue was up 7.1% compared to the same quarter last year. On average, research analysts anticipate that Burlington Stores, Inc. will post 7.93 EPS for the current fiscal year.

Burlington Stores Company Profile

Burlington Stores, Inc is an American off-price retailer that sells apparel and home goods at discounted prices. The company’s merchandise assortment includes clothing for women, men and children, plus baby products, footwear, accessories, beauty items, toys and home décor. Burlington’s merchandising strategy focuses on offering branded and private-label goods at lower prices than traditional department stores by sourcing excess inventory, closeouts and opportunistic buys from manufacturers and other retailers.

The business traces its roots to the Burlington Coat Factory name established in the early 1970s and has since evolved into a broader off-price retailer that carries a wide range of seasonal and everyday merchandise.