Aigen Investment Management LP Acquires 1,922 Shares of Burlington Stores, Inc. (NYSE:BURL)

Aigen Investment Management LP grew its position in Burlington Stores, Inc. (NYSE:BURL - Free Report) by 113.1% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,622 shares of the company's stock after buying an additional 1,922 shares during the quarter. Aigen Investment Management LP's holdings in Burlington Stores were worth $954,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in BURL. Tributary Capital Management LLC grew its stake in shares of Burlington Stores by 1.0% during the third quarter. Tributary Capital Management LLC now owns 4,991 shares of the company's stock worth $1,315,000 after buying an additional 50 shares during the last quarter. GAMMA Investing LLC grew its position in Burlington Stores by 20.4% during the 2nd quarter. GAMMA Investing LLC now owns 313 shares of the company's stock worth $75,000 after acquiring an additional 53 shares during the last quarter. Signaturefd LLC increased its holdings in Burlington Stores by 9.1% in the 2nd quarter. Signaturefd LLC now owns 648 shares of the company's stock worth $156,000 after purchasing an additional 54 shares in the last quarter. Cetera Investment Advisers raised its position in Burlington Stores by 0.5% in the second quarter. Cetera Investment Advisers now owns 12,340 shares of the company's stock valued at $2,962,000 after purchasing an additional 61 shares during the last quarter. Finally, Atomi Financial Group Inc. boosted its stake in shares of Burlington Stores by 6.5% during the second quarter. Atomi Financial Group Inc. now owns 1,066 shares of the company's stock valued at $256,000 after purchasing an additional 65 shares in the last quarter.

Insiders Place Their Bets

In other Burlington Stores news, Director Paul Sullivan sold 1,705 shares of the firm's stock in a transaction on Thursday, September 19th. The shares were sold at an average price of $277.05, for a total value of $472,370.25. Following the transaction, the director now directly owns 7,393 shares of the company's stock, valued at approximately $2,048,230.65. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.91% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on BURL. TD Cowen boosted their price target on Burlington Stores from $279.00 to $288.00 and gave the stock a "buy" rating in a report on Friday, August 30th. Evercore ISI upped their price target on shares of Burlington Stores from $300.00 to $315.00 and gave the company an "outperform" rating in a research report on Friday, August 30th. StockNews.com cut shares of Burlington Stores from a "buy" rating to a "hold" rating in a research report on Wednesday, October 23rd. The Goldman Sachs Group upped their price target on shares of Burlington Stores from $278.00 to $310.00 and gave the company a "buy" rating in a research report on Friday, August 30th. Finally, Morgan Stanley upped their price target on shares of Burlington Stores from $284.00 to $300.00 and gave the company an "overweight" rating in a research report on Friday, August 30th. Two research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. According to data from MarketBeat.com, Burlington Stores currently has a consensus rating of "Moderate Buy" and an average target price of $294.94.

Burlington Stores Stock Up 1.5 %

NYSE:BURL traded up $4.03 during trading hours on Wednesday, reaching $267.52. The company had a trading volume of 858,316 shares, compared to its average volume of 887,431. The company has a quick ratio of 0.48, a current ratio of 1.04 and a debt-to-equity ratio of 1.15. The firm has a market cap of $17.03 billion, a price-to-earnings ratio of 40.23, a P/E/G ratio of 1.34 and a beta of 1.64. The business's 50-day simple moving average is $260.58 and its two-hundred day simple moving average is $243.25. Burlington Stores, Inc. has a twelve month low of $128.57 and a twelve month high of $282.49.

Burlington Stores (NYSE:BURL - Get Free Report) last posted its quarterly earnings results on Thursday, August 29th. The company reported $1.20 EPS for the quarter, topping analysts' consensus estimates of $0.95 by $0.25. The business had revenue of $2.47 billion during the quarter, compared to analysts' expectations of $2.42 billion. Burlington Stores had a net margin of 4.18% and a return on equity of 47.43%. The business's quarterly revenue was up 13.4% on a year-over-year basis. During the same period last year, the company posted $0.60 earnings per share. On average, equities analysts expect that Burlington Stores, Inc. will post 7.93 earnings per share for the current year.

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.