BDF Gestion Invests $3.06 Million in Burlington Stores, Inc. (NYSE:BURL)

BDF Gestion purchased a new stake in shares of Burlington Stores, Inc. (NYSE:BURL) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 10,750 shares of the company’s stock, valued at approximately $3,064,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. R Squared Ltd bought a new stake in Burlington Stores during the 4th quarter valued at $102,000. KBC Group NV raised its holdings in Burlington Stores by 8.4% during the 4th quarter. KBC Group NV now owns 40,717 shares of the company’s stock valued at $11,607,000 after buying an additional 3,154 shares during the last quarter. Blue Trust Inc. increased its position in Burlington Stores by 69.4% during the 4th quarter. Blue Trust Inc. now owns 1,096 shares of the company’s stock valued at $289,000 after purchasing an additional 449 shares during the period. Flagship Harbor Advisors LLC purchased a new position in Burlington Stores during the 4th quarter valued at $223,000. Finally, Toth Financial Advisory Corp purchased a new position in Burlington Stores during the 4th quarter valued at $322,000.

Insider Activity

In related news, CMO Jennifer Vecchio sold 494 shares of the company’s stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $293.89, for a total value of $145,181.66. Following the sale, the chief marketing officer now owns 59,931 shares in the company, valued at $17,613,121.59. This represents a 0.82 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.91% of the company’s stock.

Wall Street Analysts Forecast Growth

BURL has been the topic of a number of research analyst reports. Morgan Stanley boosted their price objective on shares of Burlington Stores from $285.00 to $305.00 and gave the company an “overweight” rating in a research report on Wednesday, November 27th. TD Cowen upped their target price on shares of Burlington Stores from $334.00 to $339.00 and gave the stock a “buy” rating in a research report on Thursday, December 12th. Robert W. Baird upped their target price on shares of Burlington Stores from $315.00 to $330.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 27th. Barclays reduced their target price on shares of Burlington Stores from $327.00 to $317.00 and set an “overweight” rating on the stock in a research report on Wednesday, November 27th. Finally, Telsey Advisory Group reaffirmed an “outperform” rating and issued a $310.00 target price on shares of Burlington Stores in a research report on Tuesday, November 26th. One analyst has rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $317.87.

Burlington Stores Trading Down 0.5 %

Shares of BURL opened at $290.27 on Thursday. The company’s fifty day moving average is $287.85 and its 200 day moving average is $269.82. Burlington Stores, Inc. has a fifty-two week low of $174.64 and a fifty-two week high of $298.89. The stock has a market capitalization of $18.43 billion, a PE ratio of 39.76, a P/E/G ratio of 1.55 and a beta of 1.63. The company has a debt-to-equity ratio of 1.35, a quick ratio of 0.54 and a current ratio of 1.17.

Burlington Stores (NYSE:BURL) last announced its quarterly earnings results on Tuesday, November 26th. The company reported $1.55 earnings per share for the quarter, topping the consensus estimate of $1.54 by $0.01. The company had revenue of $2.53 billion for the quarter, compared to analysts’ expectations of $2.55 billion. Burlington Stores had a net margin of 4.49% and a return on equity of 47.52%. Burlington Stores’s quarterly revenue was up 10.5% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.98 earnings per share. Sell-side analysts expect that Burlington Stores, Inc. will post 7.93 earnings per share for the current fiscal year.

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.