Victory Capital Management Inc. Has $38.33 Million Stock Position in Burlington Stores, Inc. (NYSE:BURL)

Victory Capital Management Inc. lowered its stake in Burlington Stores, Inc. (NYSE:BURL - Free Report) by 14.7% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 145,467 shares of the company's stock after selling 25,098 shares during the quarter. Victory Capital Management Inc. owned about 0.23% of Burlington Stores worth $38,328,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of BURL. AQR Capital Management LLC raised its holdings in Burlington Stores by 2,542.2% during the 2nd quarter. AQR Capital Management LLC now owns 247,970 shares of the company's stock worth $59,114,000 after buying an additional 238,585 shares during the period. Dimensional Fund Advisors LP increased its position in shares of Burlington Stores by 54.8% in the second quarter. Dimensional Fund Advisors LP now owns 587,376 shares of the company's stock worth $140,968,000 after acquiring an additional 207,959 shares in the last quarter. Marshall Wace LLP acquired a new stake in shares of Burlington Stores during the second quarter valued at approximately $47,725,000. Assenagon Asset Management S.A. lifted its position in shares of Burlington Stores by 1,917.3% in the 2nd quarter. Assenagon Asset Management S.A. now owns 207,260 shares of the company's stock valued at $49,742,000 after acquiring an additional 196,986 shares in the last quarter. Finally, Anomaly Capital Management LP boosted its stake in Burlington Stores by 34.6% in the 2nd quarter. Anomaly Capital Management LP now owns 730,175 shares of the company's stock worth $175,242,000 after purchasing an additional 187,760 shares during the period.

Insider Transactions at Burlington Stores

In other news, Director Paul Sullivan sold 1,705 shares of the business's stock in a transaction that occurred 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 completion of the transaction, the director now directly owns 7,393 shares in the company, valued at approximately $2,048,230.65. The trade was a 18.74 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.91% of the stock is currently owned by corporate insiders.

Burlington Stores Stock Down 0.2 %

Shares of BURL stock traded down $0.65 on Friday, hitting $268.94. 646,518 shares of the stock were exchanged, compared to its average volume of 777,990. Burlington Stores, Inc. has a fifty-two week low of $128.57 and a fifty-two week high of $282.49. The business has a 50-day moving average of $260.80 and a 200 day moving average of $244.48. The firm has a market capitalization of $17.12 billion, a P/E ratio of 40.44, a price-to-earnings-growth ratio of 1.37 and a beta of 1.64. The company has a current ratio of 1.04, a quick ratio of 0.48 and a debt-to-equity ratio of 1.15.

Burlington Stores (NYSE:BURL - Get Free Report) last released 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. 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 firm's revenue was up 13.4% on a year-over-year basis. During the same period last year, the business earned $0.60 earnings per share. Equities analysts anticipate that Burlington Stores, Inc. will post 7.93 EPS for the current year.

Analyst Upgrades and Downgrades

A number of brokerages have commented on BURL. UBS Group raised their price objective on Burlington Stores from $270.00 to $280.00 and gave the stock a "neutral" rating in a research report on Thursday. Telsey Advisory Group reissued an "outperform" rating and set a $300.00 target price on shares of Burlington Stores in a research note on Thursday, August 29th. StockNews.com downgraded shares of Burlington Stores from a "buy" rating to a "hold" rating in a research note on Wednesday, October 23rd. The Goldman Sachs Group lifted their price objective on Burlington Stores from $278.00 to $310.00 and gave the company a "buy" rating in a research report on Friday, August 30th. Finally, Barclays upped their target price on Burlington Stores from $274.00 to $327.00 and gave the stock 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 given a buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $297.56.

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.