Shellback Capital LP Grows Position in Burlington Stores, Inc. (NYSE:BURL)

Shellback Capital LP raised its position in Burlington Stores, Inc. (NYSE:BURL) by 176.5% in the first quarter, Holdings Channel reports. The fund owned 79,900 shares of the company’s stock after buying an additional 51,000 shares during the period. Burlington Stores makes up approximately 1.8% of Shellback Capital LP’s portfolio, making the stock its 18th biggest holding. Shellback Capital LP’s holdings in Burlington Stores were worth $16,148,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Price T Rowe Associates Inc. MD raised its position in shares of Burlington Stores by 22.2% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 10,112,107 shares of the company’s stock worth $2,050,331,000 after acquiring an additional 1,840,276 shares in the last quarter. T. Rowe Price Investment Management Inc. lifted its position in shares of 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. boosted its holdings in shares of Burlington Stores by 0.6% in the 1st quarter. Vanguard Group Inc. now owns 5,884,904 shares of the company’s stock valued at $1,072,053,000 after buying an additional 33,036 shares in the last quarter. Wellington Management Group LLP boosted 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 buying an additional 18,372 shares in the last quarter. Finally, Geode Capital Management LLC grew its position in shares of Burlington Stores by 2.8% in the 4th quarter. Geode Capital Management LLC now owns 852,539 shares of the company’s stock valued at $172,642,000 after buying an additional 23,420 shares during the last quarter.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the stock. Citigroup decreased their price objective on shares of Burlington Stores from $234.00 to $220.00 and set a “buy” rating for the company in a research note on Friday, August 25th. Gordon Haskett raised Burlington Stores from an “accumulate” rating to a “buy” rating and decreased their target price for the company from $200.00 to $175.00 in a research report on Monday, June 26th. TD Cowen dropped their price target 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. StockNews.com cut Burlington Stores from a “buy” rating to a “hold” rating in a research note on Saturday, September 2nd. Finally, Morgan Stanley reissued an “overweight” rating and issued a $233.00 price objective on shares of Burlington Stores in a report on Monday, August 7th. One research analyst has rated the stock with a sell rating, three have given a hold rating and fourteen have issued a buy rating to the company. According to MarketBeat, Burlington Stores currently has a consensus rating of “Moderate Buy” and an average target price of $213.79.

Burlington Stores Stock Up 0.4 %

Shares of Burlington Stores stock opened at $156.10 on Friday. Burlington Stores, Inc. has a one year low of $106.47 and a one year high of $239.94. The company has a debt-to-equity ratio of 1.63, a quick ratio of 0.46 and a current ratio of 1.17. The firm has a fifty day moving average of $166.11 and a two-hundred day moving average of $177.23. The company has a market cap of $10.12 billion, a P/E ratio of 38.45, a PEG ratio of 0.83 and a beta of 1.11.

Burlington Stores (NYSE:BURL) last announced its quarterly earnings data on Thursday, August 24th. The company reported $0.60 earnings per share for the quarter, topping analysts’ consensus estimates of $0.43 by $0.17. The firm had revenue of $2.17 billion for the quarter, compared to analyst estimates of $2.17 billion. Burlington Stores had a return on equity of 41.25% and a net margin of 2.92%. Burlington Stores’s quarterly revenue was up 9.4% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.35 earnings per share. On average, analysts forecast that Burlington Stores, Inc. will post 5.74 earnings per share for the current year.

Burlington Stores Company Profile

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.