Atom Investors LP Acquires Shares of 9,776 Burlington Stores, Inc. (NYSE:BURL)

Atom Investors LP purchased a new position in Burlington Stores, Inc. (NYSE:BURL - Free Report) in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 9,776 shares of the company's stock, valued at approximately $2,576,000.

Several other institutional investors and hedge funds have also made changes to their positions in BURL. Crewe Advisors LLC acquired a new position in Burlington Stores in the second quarter valued at $25,000. RPg Family Wealth Advisory LLC acquired a new stake in shares of Burlington Stores in the third quarter worth approximately $26,000. Brooklyn Investment Group purchased a new stake in Burlington Stores in the third quarter valued at approximately $33,000. ORG Partners LLC purchased a new position in Burlington Stores during the second quarter worth approximately $38,000. Finally, Blue Trust Inc. boosted its holdings in shares of Burlington Stores by 619.2% in the 2nd quarter. Blue Trust Inc. now owns 187 shares of the company's stock valued at $43,000 after purchasing an additional 161 shares during the last quarter.

Analysts Set New Price Targets

Several brokerages recently weighed in on BURL. Robert W. Baird increased their target price on Burlington Stores from $315.00 to $330.00 and gave the stock an "outperform" rating in a research report on Wednesday, November 27th. Wells Fargo & Company lifted their price objective on Burlington Stores from $300.00 to $325.00 and gave the company an "overweight" rating in a research note on Friday, August 23rd. Morgan Stanley increased their target price on shares of Burlington Stores from $285.00 to $305.00 and gave the stock an "overweight" rating in a research report on Wednesday, November 27th. Gordon Haskett raised shares of Burlington Stores from a "hold" rating to a "buy" rating and set a $300.00 price target on the stock in a research report on Monday, August 19th. Finally, Evercore ISI increased their price objective on shares of Burlington Stores from $315.00 to $340.00 and gave the stock an "outperform" rating in a research report on Wednesday, November 27th. Two equities research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $307.69.

Insider Activity at Burlington Stores

In other news, Director Paul Sullivan sold 1,705 shares of the firm's stock in a transaction dated Thursday, September 19th. The stock was sold at an average price of $277.05, for a total transaction of $472,370.25. Following the sale, the director now owns 7,393 shares of the company's stock, valued at $2,048,230.65. This trade represents a 18.74 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 0.91% of the company's stock.

Burlington Stores Stock Down 1.4 %

NYSE:BURL traded down $4.03 during trading hours on Tuesday, reaching $286.31. The company's stock had a trading volume of 229,487 shares, compared to its average volume of 900,117. The company has a debt-to-equity ratio of 1.35, a current ratio of 1.17 and a quick ratio of 0.54. The company has a market cap of $18.17 billion, a price-to-earnings ratio of 39.79, a price-to-earnings-growth ratio of 1.50 and a beta of 1.64. The business's 50-day moving average is $263.27 and its 200-day moving average is $252.04. Burlington Stores, Inc. has a one year low of $172.80 and a one year high of $298.89.

Burlington Stores (NYSE:BURL - Get Free Report) last announced its earnings results on Tuesday, November 26th. The company reported $1.55 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.53 by $0.02. Burlington Stores had a net margin of 4.49% and a return on equity of 47.52%. The business had revenue of $2.53 billion for the quarter, compared to analyst estimates of $2.55 billion. During the same quarter in the previous year, the firm posted $0.98 earnings per share. Burlington Stores's revenue was up 10.5% compared to the same quarter last year. Equities research analysts predict that Burlington Stores, Inc. will post 7.92 EPS 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.