Burlington Stores, Inc. (NYSE:BURL) Position Raised by Lindbrook Capital LLC

Lindbrook Capital LLC increased its position in shares of Burlington Stores, Inc. (NYSE:BURL) by 114.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 176 shares of the company’s stock after purchasing an additional 94 shares during the period. Lindbrook Capital LLC’s holdings in Burlington Stores were worth $34,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Fifth Third Bancorp bought a new position in shares of Burlington Stores in the fourth quarter valued at $50,000. Homestead Advisers Corp bought a new position in shares of Burlington Stores in the third quarter valued at $53,000. Operose Advisors LLC bought a new position in shares of Burlington Stores in the third quarter valued at $84,000. Wahed Invest LLC increased its holdings in shares of Burlington Stores by 9.7% in the third quarter. Wahed Invest LLC now owns 1,026 shares of the company’s stock valued at $139,000 after buying an additional 91 shares in the last quarter. Finally, Park Avenue Securities LLC bought a new position in shares of Burlington Stores in the third quarter valued at $203,000.

Burlington Stores Trading Up 3.2 %

Burlington Stores stock opened at $184.19 on Friday. The company’s fifty day simple moving average is $206.08 and its 200-day simple moving average is $180.96. The company has a quick ratio of 0.61, a current ratio of 1.15 and a debt-to-equity ratio of 1.40. Burlington Stores, Inc. has a 12 month low of $115.66 and a 12 month high of $232.69. The stock has a market cap of $11.76 billion, a P/E ratio of 35.08, a P/E/G ratio of 1.04 and a beta of 1.49.

Burlington Stores (NYSE:BURL) last posted its quarterly earnings results on Thursday, March 7th. The company reported $3.30 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 business had revenue of $3.13 billion for the quarter, compared to analysts’ expectations of $3.07 billion. During the same period in the previous year, the company posted $2.96 EPS. Burlington Stores’s revenue was up 13.9% on a year-over-year basis. As a group, sell-side analysts forecast that Burlington Stores, Inc. will post 7.41 EPS for the current fiscal year.

Insider Activity at Burlington Stores

In related news, CMO Jennifer Vecchio sold 5,025 shares of Burlington Stores stock in a transaction on 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 approximately $13,765,542.60. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.91% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on BURL shares. Evercore ISI upped their price target on Burlington Stores from $220.00 to $235.00 and gave the company an “outperform” rating in a report on Friday, February 23rd. Telsey Advisory Group reiterated an “outperform” rating and set a $250.00 price objective (up from $225.00) on shares of Burlington Stores in a research report on Monday, March 4th. StockNews.com upgraded shares of Burlington Stores from a “hold” rating to a “buy” rating in a research report on Saturday, March 9th. Finally, Piper Sandler upgraded shares of Burlington Stores from a “neutral” rating to an “overweight” rating and lifted their price objective for the stock from $155.00 to $240.00 in a research report on Wednesday, January 17th. One analyst has rated the stock with a sell rating, two have given a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, Burlington Stores currently has a consensus rating of “Moderate Buy” and an average price target of $210.69.

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.