Dynamic Technology Lab Private Ltd Invests $622,000 in Burlington Stores, Inc. (NYSE:BURL)

Dynamic Technology Lab Private Ltd acquired a new position in Burlington Stores, Inc. (NYSE:BURL - Free Report) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 2,361 shares of the company's stock, valued at approximately $622,000.

Other institutional investors have also added to or reduced their stakes in the company. Sumitomo Mitsui Trust Group Inc. lifted its stake in Burlington Stores by 2.3% in the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 145,552 shares of the company's stock worth $38,350,000 after purchasing an additional 3,246 shares during the last quarter. Alpha DNA Investment Management LLC bought a new stake in Burlington Stores in the third quarter worth about $764,000. Tidal Investments LLC lifted its stake in 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 during the last quarter. Cetera Investment Advisers bought a new stake in Burlington Stores in the first quarter worth about $2,851,000. Finally, AMF Tjanstepension AB bought a new stake in Burlington Stores in the second quarter worth about $8,186,000.

Insiders Place Their Bets

In other news, Director Paul Sullivan sold 1,705 shares of Burlington Stores stock in a transaction on Thursday, September 19th. The shares were sold at an average price of $277.05, for a total transaction of $472,370.25. Following the completion of the sale, 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 ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 0.91% of the company's stock.

Burlington Stores Stock Down 2.2 %

NYSE BURL traded down $6.24 on Friday, hitting $282.12. The stock had a trading volume of 677,005 shares, compared to its average volume of 900,704. The business's fifty day moving average price is $262.68 and its 200 day moving average price is $249.98. The company has a debt-to-equity ratio of 1.35, a current ratio of 1.17 and a quick ratio of 0.48. Burlington Stores, Inc. has a 52-week low of $168.49 and a 52-week high of $298.89. The stock has a market cap of $17.91 billion, a price-to-earnings ratio of 39.50, a price-to-earnings-growth ratio of 1.48 and a beta of 1.64.

Burlington Stores (NYSE:BURL - Get Free Report) last released its quarterly earnings results on Tuesday, November 26th. The company reported $1.55 earnings per share (EPS) for the quarter, topping the consensus estimate 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 period in the previous year, the company earned $0.98 earnings per share. The business's revenue for the quarter was up 10.5% on a year-over-year basis. Equities research analysts anticipate that Burlington Stores, Inc. will post 7.9 earnings per share for the current year.

Wall Street Analysts Forecast Growth

BURL has been the subject of several research analyst reports. Morgan Stanley lifted their price target on shares of Burlington Stores from $285.00 to $305.00 and gave the company an "overweight" rating in a research note on Wednesday. Gordon Haskett raised shares of Burlington Stores from a "hold" rating to a "buy" rating and set a $300.00 price target for the company in a research note on Monday, August 19th. Loop Capital lifted their price target on shares of Burlington Stores from $270.00 to $345.00 and gave the company a "buy" rating in a research note on Friday, August 30th. Telsey Advisory Group reaffirmed an "outperform" rating and set a $310.00 price target on shares of Burlington Stores in a research note on Tuesday. Finally, StockNews.com downgraded shares of Burlington Stores from a "buy" rating to a "hold" rating in a research note on Wednesday, October 23rd. Two research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. According to data from MarketBeat.com, Burlington Stores presently has an average rating of "Moderate Buy" and an average target price of $307.69.

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.