Geode Capital Management LLC Has $282.58 Million Stake in Burlington Stores, Inc. (NYSE:BURL)

Geode Capital Management LLC boosted its holdings in shares of Burlington Stores, Inc. (NYSE:BURL - Free Report) by 1.7% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,074,960 shares of the company's stock after purchasing an additional 18,160 shares during the period. Geode Capital Management LLC owned about 1.69% of Burlington Stores worth $282,582,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in BURL. Crewe Advisors LLC acquired a new stake in shares of Burlington Stores in the 2nd quarter valued at $25,000. RPg Family Wealth Advisory LLC bought a new position in Burlington Stores during the 3rd quarter valued at about $26,000. Brooklyn Investment Group acquired a new position in Burlington Stores in the third quarter valued at about $33,000. ORG Partners LLC bought a new stake in Burlington Stores during the second quarter worth about $38,000. Finally, Blue Trust Inc. grew its stake in Burlington Stores by 619.2% during the second quarter. Blue Trust Inc. now owns 187 shares of the company's stock worth $43,000 after buying an additional 161 shares during the last quarter.

Burlington Stores Trading Up 0.0 %

BURL traded up $0.07 during trading on Friday, reaching $289.97. 460,946 shares of the company's stock were exchanged, compared to its average volume of 897,723. The company's fifty day moving average price is $267.64 and its 200-day moving average price is $258.17. The firm has a market capitalization of $18.41 billion, a PE ratio of 39.72, a P/E/G ratio of 1.58 and a beta of 1.64. Burlington Stores, Inc. has a fifty-two week low of $174.64 and a fifty-two week high of $298.89. The company has a debt-to-equity ratio of 1.35, a quick ratio of 0.54 and a current ratio of 1.17.

Burlington Stores (NYSE:BURL - Get Free Report) last announced its quarterly earnings data on Tuesday, November 26th. The company reported $1.55 EPS for the quarter, topping analysts' consensus estimates of $1.54 by $0.01. Burlington Stores had a return on equity of 47.52% and a net margin of 4.49%. The business had revenue of $2.53 billion during the quarter, compared to analysts' expectations of $2.55 billion. During the same period in the previous year, the firm earned $0.98 earnings per share. The firm's quarterly revenue was up 10.5% compared to the same quarter last year. As a group, equities analysts forecast that Burlington Stores, Inc. will post 7.93 EPS for the current year.

Insider Activity

In related news, CMO Jennifer Vecchio sold 494 shares of the company's stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $293.89, for a total value of $145,181.66. Following the completion of the sale, the chief marketing officer now owns 59,931 shares in the company, valued at $17,613,121.59. This represents a 0.82 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Paul Sullivan sold 1,705 shares of the firm's stock in a transaction 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 sale, the director now directly owns 7,393 shares in the company, valued at $2,048,230.65. The trade was a 18.74 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 2,283 shares of company stock valued at $638,628 in the last ninety days. 0.91% of the stock is owned by insiders.

Analyst Ratings Changes

Several research analysts have recently commented on BURL shares. UBS Group boosted their target price on Burlington Stores from $270.00 to $280.00 and gave the stock a "neutral" rating in a report on Thursday, November 14th. Evercore ISI boosted their price objective on Burlington Stores from $315.00 to $340.00 and gave the stock an "outperform" rating in a research note on Wednesday, November 27th. Barclays lowered their target price on Burlington Stores from $327.00 to $317.00 and set an "overweight" rating for the company in a research note on Wednesday, November 27th. Loop Capital upped their price target on shares of Burlington Stores from $270.00 to $345.00 and gave the stock a "buy" rating in a research report on Friday, August 30th. Finally, Robert W. Baird increased their price objective on shares of Burlington Stores from $315.00 to $330.00 and gave the stock an "outperform" rating in a report on Wednesday, November 27th. Two investment analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. Based on data from MarketBeat.com, Burlington Stores presently has a consensus rating of "Moderate Buy" and a consensus price target of $308.00.

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.