Geneva Capital Management LLC Purchases 4,014 Shares of Burlington Stores, Inc. (NYSE:BURL)

Geneva Capital Management LLC increased its position in Burlington Stores, Inc. (NYSE:BURL - Free Report) by 3.3% in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 125,269 shares of the company's stock after acquiring an additional 4,014 shares during the quarter. Geneva Capital Management LLC owned about 0.20% of Burlington Stores worth $33,006,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. CANADA LIFE ASSURANCE Co increased its stake in shares of 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 in the last quarter. Tidal Investments LLC raised its holdings in Burlington Stores by 178.4% during the 1st quarter. Tidal Investments LLC now owns 6,163 shares of the company's stock valued at $1,431,000 after acquiring an additional 3,949 shares during the period. Cetera Investment Advisers purchased a new stake in shares of Burlington Stores during the first quarter worth $2,851,000. Mitsubishi UFJ Trust & Banking Corp boosted its holdings 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 worth $9,166,000 after acquiring an additional 5,032 shares during the period. Finally, AMF Tjanstepension AB purchased a new position in shares of Burlington Stores in the second quarter valued at $8,186,000.

Burlington Stores Trading Up 3.2 %

NYSE:BURL traded up $8.31 during trading hours on Wednesday, reaching $271.80. The company's stock had a trading volume of 506,313 shares, compared to its average volume of 885,831. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.48 and a current ratio of 1.04. The firm has a market capitalization of $17.30 billion, a price-to-earnings ratio of 41.12, a PEG ratio of 1.34 and a beta of 1.64. The firm has a 50-day simple moving average of $260.52 and a 200-day simple moving average of $243.08. Burlington Stores, Inc. has a 1 year low of $128.57 and a 1 year high of $282.49.

Burlington Stores (NYSE:BURL - Get Free Report) last released its quarterly earnings data on Thursday, August 29th. The company reported $1.20 EPS for the quarter, topping the consensus estimate of $0.95 by $0.25. The firm had revenue of $2.47 billion for the quarter, compared to the consensus estimate of $2.42 billion. Burlington Stores had a return on equity of 47.43% and a net margin of 4.18%. The company's quarterly revenue was up 13.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.60 earnings per share. Research analysts expect that Burlington Stores, Inc. will post 7.93 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, Director Paul Sullivan sold 1,705 shares of the company's stock in a transaction dated 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 transaction, the director now directly owns 7,393 shares of the company's stock, valued at approximately $2,048,230.65. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 0.91% of the company's stock.

Analysts Set New Price Targets

BURL has been the subject of several analyst reports. Bank of America raised their target price on Burlington Stores from $275.00 to $315.00 and gave the stock a "buy" rating in a research note on Friday, August 30th. Citigroup boosted their price objective on shares of Burlington Stores from $276.00 to $313.00 and gave the company a "buy" rating in a research note on Friday, August 30th. Wells Fargo & Company increased their target price on shares of Burlington Stores from $300.00 to $325.00 and gave the stock an "overweight" rating in a research note on Friday, August 23rd. Barclays boosted their price target on shares of Burlington Stores from $274.00 to $327.00 and gave the company an "overweight" rating in a research report on Friday, August 30th. Finally, StockNews.com downgraded Burlington Stores from a "buy" rating to a "hold" rating in a research report 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's stock. According to MarketBeat, Burlington Stores currently has a consensus rating of "Moderate Buy" and a consensus target price of $294.94.

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.