Chicago Capital LLC Raises Position in Burlington Stores, Inc. (NYSE:BURL)

Chicago Capital LLC boosted its position in Burlington Stores, Inc. (NYSE:BURL) by 2,369.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 40,427 shares of the company’s stock after purchasing an additional 38,790 shares during the period. Chicago Capital LLC owned about 0.06% of Burlington Stores worth $7,862,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Norges Bank bought a new stake in shares of Burlington Stores in the fourth quarter valued at approximately $115,609,000. Cooper Creek Partners Management LLC raised its holdings in Burlington Stores by 716.8% during the 3rd quarter. Cooper Creek Partners Management LLC now owns 610,821 shares of the company’s stock valued at $82,644,000 after acquiring an additional 536,038 shares during the period. Renaissance Technologies LLC purchased a new stake in shares of Burlington Stores during the first quarter worth $106,648,000. Holocene Advisors LP bought a new position in shares of Burlington Stores in the second quarter worth $78,220,000. Finally, Wolf Hill Capital Management LP purchased a new position in shares of Burlington Stores in the second quarter valued at $74,394,000.

Burlington Stores Stock Performance

Burlington Stores stock opened at $228.76 on Tuesday. The company has a current ratio of 1.15, a quick ratio of 0.61 and a debt-to-equity ratio of 1.40. The firm has a market cap of $14.66 billion, a P/E ratio of 43.57, a P/E/G ratio of 1.35 and a beta of 1.49. Burlington Stores, Inc. has a 1-year low of $115.66 and a 1-year high of $232.69. The firm has a 50-day moving average of $207.85 and a 200-day moving average of $174.44.

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

Insider Activity at Burlington Stores

In other Burlington Stores news, CMO Jennifer Vecchio sold 5,025 shares of the company’s stock in a transaction dated Wednesday, March 20th. The stock was 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 in the company, valued at $13,765,542.60. The sale was disclosed in a document filed with the SEC, which is accessible through this link. 0.71% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several brokerages recently commented on BURL. StockNews.com raised shares of Burlington Stores from a “hold” rating to a “buy” rating in a research note on Saturday, March 9th. Piper Sandler raised shares of Burlington Stores from a “neutral” rating to an “overweight” rating and upped their price target for the stock from $155.00 to $240.00 in a report on Wednesday, January 17th. Telsey Advisory Group reissued 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, Evercore ISI raised 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. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $210.69.

Burlington Stores Company 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.