Buckingham Capital Management Inc. Acquires New Holdings in Burlington Stores, Inc. (NYSE:BURL)

Buckingham Capital Management Inc. acquired a new stake in Burlington Stores, Inc. (NYSE:BURL - Free Report) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 6,726 shares of the company's stock, valued at approximately $1,772,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. CANADA LIFE ASSURANCE Co grew its holdings in Burlington Stores by 7.4% in the first quarter. CANADA LIFE ASSURANCE Co now owns 56,326 shares of the company's stock worth $13,073,000 after purchasing an additional 3,867 shares during the period. Meeder Asset Management Inc. purchased a new stake in Burlington Stores in the 1st quarter worth about $1,819,000. Tidal Investments LLC increased its stake in shares of Burlington Stores by 178.4% in the first quarter. Tidal Investments LLC now owns 6,163 shares of the company's stock worth $1,431,000 after purchasing an additional 3,949 shares in the last quarter. Cetera Investment Advisers purchased a new position in Burlington Stores in the 1st quarter valued at approximately $2,851,000. Finally, Mitsubishi UFJ Trust & Banking Corp grew its position in shares of Burlington Stores by 14.6% in the first quarter. Mitsubishi UFJ Trust & Banking Corp now owns 39,584 shares of the company's stock valued at $9,166,000 after purchasing an additional 5,032 shares in the last quarter.

Burlington Stores Price Performance

Shares of BURL stock traded down $5.15 on Monday, reaching $258.14. The company's stock had a trading volume of 958,189 shares, compared to its average volume of 887,895. The stock's fifty day simple moving average is $260.76 and its 200-day simple moving average is $241.96. The company has a current ratio of 1.04, a quick ratio of 0.48 and a debt-to-equity ratio of 1.15. The company has a market capitalization of $16.43 billion, a price-to-earnings ratio of 38.92, a price-to-earnings-growth ratio of 1.34 and a beta of 1.64. Burlington Stores, Inc. has a 1 year low of $125.38 and a 1 year high of $282.49.

Burlington Stores (NYSE:BURL - Get Free Report) last announced its earnings results on Thursday, August 29th. The company reported $1.20 earnings per share for the quarter, beating the consensus estimate of $0.95 by $0.25. Burlington Stores had a net margin of 4.18% and a return on equity of 47.43%. The business had revenue of $2.47 billion for the quarter, compared to the consensus estimate of $2.42 billion. During the same quarter in the prior year, the firm posted $0.60 earnings per share. The business's revenue for the quarter was up 13.4% on a year-over-year basis. Analysts forecast that Burlington Stores, Inc. will post 7.91 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research firms have recently weighed in on BURL. Wells Fargo & Company upped their price target on shares of Burlington Stores from $300.00 to $325.00 and gave the stock an "overweight" rating in a report on Friday, August 23rd. Evercore ISI lifted their price target on Burlington Stores from $300.00 to $315.00 and gave the stock an "outperform" rating in a research note on Friday, August 30th. Gordon Haskett raised Burlington Stores from a "hold" rating to a "buy" rating and set a $300.00 target price on the stock in a research note on Monday, August 19th. Telsey Advisory Group restated an "outperform" rating and set a $300.00 price target on shares of Burlington Stores in a research report on Thursday, August 29th. Finally, TD Cowen boosted their price target on Burlington Stores from $279.00 to $288.00 and gave the stock a "buy" rating in a research report on Friday, August 30th. Two investment analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. According to MarketBeat.com, Burlington Stores presently has an average rating of "Moderate Buy" and an average target price of $294.94.

Insiders Place Their Bets

In related news, Director Paul Sullivan sold 1,705 shares of the business's stock in a transaction that occurred on Thursday, September 19th. The stock was sold at an average price of $277.05, for a total value of $472,370.25. Following the completion of the sale, the director now owns 7,393 shares in the company, valued at approximately $2,048,230.65. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.91% of the company's stock.

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.