Dynamic Technology Lab Private Ltd Has $1.85 Million Stake in Burlington Stores, Inc. (NYSE:BURL)

Dynamic Technology Lab Private Ltd raised its position in shares of Burlington Stores, Inc. (NYSE:BURL - Free Report) by 175.5% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,504 shares of the company's stock after purchasing an additional 4,143 shares during the period. Dynamic Technology Lab Private Ltd's holdings in Burlington Stores were worth $1,854,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in the company. Captrust Financial Advisors increased its position in Burlington Stores by 1.7% during the third quarter. Captrust Financial Advisors now owns 4,413 shares of the company's stock worth $1,163,000 after buying an additional 75 shares during the last quarter. Benjamin Edwards Inc. increased its holdings in shares of Burlington Stores by 35,575.0% during the 3rd quarter. Benjamin Edwards Inc. now owns 1,427 shares of the company's stock valued at $376,000 after acquiring an additional 1,423 shares during the last quarter. Chevy Chase Trust Holdings LLC acquired a new stake in Burlington Stores in the 3rd quarter worth approximately $201,000. Centiva Capital LP bought a new stake in Burlington Stores during the third quarter worth approximately $675,000. Finally, Investment Management Corp of Ontario grew its holdings in Burlington Stores by 41.3% during the third quarter. Investment Management Corp of Ontario now owns 2,054 shares of the company's stock valued at $541,000 after purchasing an additional 600 shares during the last quarter.

Burlington Stores Price Performance

NYSE BURL traded down $3.66 on Thursday, reaching $243.20. The company's stock had a trading volume of 494,936 shares, compared to its average volume of 969,845. The firm has a market cap of $15.37 billion, a PE ratio of 33.35, a price-to-earnings-growth ratio of 1.11 and a beta of 1.65. The company has a current ratio of 1.17, a quick ratio of 0.54 and a debt-to-equity ratio of 1.35. Burlington Stores, Inc. has a 52 week low of $174.64 and a 52 week high of $298.89. The business has a 50-day moving average price of $243.15 and a 200 day moving average price of $263.91.

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Burlington Stores (NYSE:BURL - Get Free Report) last posted its earnings results on Thursday, March 6th. The company reported $4.07 EPS for the quarter, topping the consensus estimate of $3.75 by $0.32. Burlington Stores had a return on equity of 47.52% and a net margin of 4.49%. The business had revenue of $3.28 billion during the quarter, compared to the consensus estimate of $3.25 billion. Sell-side analysts expect that Burlington Stores, Inc. will post 7.93 EPS for the current year.

Insider Activity

In other Burlington Stores news, CMO Jennifer Vecchio sold 493 shares of Burlington Stores stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $275.75, for a total value of $135,944.75. Following the completion of the transaction, the chief marketing officer now owns 58,944 shares in the company, valued at approximately $16,253,808. The trade was a 0.83 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.91% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the stock. Citigroup decreased their price objective on shares of Burlington Stores from $344.00 to $340.00 and set a "buy" rating for the company in a report on Friday, March 7th. Morgan Stanley raised their price target on Burlington Stores from $296.00 to $297.00 and gave the company an "overweight" rating in a research report on Friday, March 7th. UBS Group boosted their price objective on Burlington Stores from $360.00 to $405.00 and gave the stock a "buy" rating in a research report on Friday, March 7th. Telsey Advisory Group reaffirmed an "outperform" rating and issued a $340.00 target price on shares of Burlington Stores in a report on Thursday, March 6th. Finally, Barclays upped their price target on Burlington Stores from $317.00 to $329.00 and gave the stock an "overweight" rating in a report on Friday, March 7th. One investment analyst has rated the stock with a hold rating and fifteen have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $323.20.

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.