GAMMA Investing LLC Acquires New Position in Burlington Stores, Inc. (NYSE:BURL)

GAMMA Investing LLC acquired a new stake in shares of Burlington Stores, Inc. (NYSE:BURL) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm acquired 212 shares of the company’s stock, valued at approximately $41,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Lindbrook Capital LLC increased its position in Burlington Stores by 114.6% during the 4th quarter. Lindbrook Capital LLC now owns 176 shares of the company’s stock valued at $34,000 after purchasing an additional 94 shares during the period. Fifth Third Bancorp purchased a new position in Burlington Stores during the 4th quarter valued at about $50,000. Homestead Advisers Corp purchased a new position in Burlington Stores during the 3rd quarter valued at about $53,000. Operose Advisors LLC purchased a new position in Burlington Stores during the 3rd quarter valued at about $84,000. Finally, Signaturefd LLC increased its position in Burlington Stores by 63.9% during the 4th quarter. Signaturefd LLC now owns 459 shares of the company’s stock valued at $89,000 after purchasing an additional 179 shares during the period.

Burlington Stores Stock Performance

Shares of NYSE BURL opened at $185.63 on Friday. The stock has a market cap of $11.86 billion, a price-to-earnings ratio of 35.36, a PEG ratio of 1.04 and a beta of 1.54. The company has a 50 day simple moving average of $204.39 and a two-hundred day simple moving average of $183.51. The company has a current ratio of 1.15, a quick ratio of 0.61 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.

Burlington Stores (NYSE:BURL) last released its 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. 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 during the quarter, compared to analyst estimates of $3.07 billion. During the same quarter in the prior year, the firm earned $2.96 earnings per share. The company’s revenue for the quarter was up 13.9% compared to the same quarter last year. As a group, analysts predict that Burlington Stores, Inc. will post 7.41 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research analysts have commented on the stock. StockNews.com raised shares of Burlington Stores from a “hold” rating to a “buy” rating in a research report on Saturday, March 9th. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $250.00 price objective (up previously from $225.00) on shares of Burlington Stores in a research report on Monday, March 4th. Evercore ISI lifted their price objective on shares of Burlington Stores from $220.00 to $235.00 and gave the stock an “outperform” rating in a research report on Friday, February 23rd. Piper Sandler raised 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. Finally, UBS Group raised shares of Burlington Stores from a “sell” rating to a “neutral” rating and lifted their price objective for the stock from $126.00 to $212.00 in a research report on Thursday. Three analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $216.06.

Insider Transactions at Burlington Stores

In other news, CMO Jennifer Vecchio sold 5,025 shares of the company’s stock in a transaction on Wednesday, March 20th. The shares were sold at an average price of $225.24, for a total transaction 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 $13,765,542.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders own 0.91% of the company’s stock.

Burlington Stores 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.