Jennison Associates LLC Buys 12,143 Shares of Burlington Stores, Inc. (NYSE:BURL)

Jennison Associates LLC boosted its holdings in Burlington Stores, Inc. (NYSE:BURL - Free Report) by 2.4% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 510,074 shares of the company's stock after acquiring an additional 12,143 shares during the period. Jennison Associates LLC owned 0.80% of Burlington Stores worth $134,394,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently modified their holdings of BURL. Crewe Advisors LLC acquired a new stake in shares of Burlington Stores during the 2nd quarter worth about $25,000. ORG Partners LLC acquired a new position in shares of Burlington Stores during the 2nd quarter valued at about $38,000. Blue Trust Inc. lifted its holdings in shares of Burlington Stores by 619.2% during the 2nd quarter. Blue Trust Inc. now owns 187 shares of the company's stock worth $43,000 after acquiring an additional 161 shares during the period. American National Bank acquired a new stake in shares of Burlington Stores in the second quarter worth approximately $47,000. Finally, UMB Bank n.a. grew its holdings in Burlington Stores by 391.7% in the third quarter. UMB Bank n.a. now owns 177 shares of the company's stock valued at $47,000 after purchasing an additional 141 shares during the period.

Analyst Ratings Changes

Several research analysts recently weighed in on BURL shares. Wells Fargo & Company increased their target price on Burlington Stores from $300.00 to $325.00 and gave the stock an "overweight" rating in a research report on Friday, August 23rd. The Goldman Sachs Group increased their price objective on shares of Burlington Stores from $278.00 to $310.00 and gave the company a "buy" rating in a research report on Friday, August 30th. StockNews.com downgraded Burlington Stores from a "buy" rating to a "hold" rating in a report on Wednesday, October 23rd. Citigroup increased 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. Finally, Loop Capital upped their target price 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. Two equities research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. According to MarketBeat, Burlington Stores has an average rating of "Moderate Buy" and a consensus price target of $297.56.

Burlington Stores Trading Down 1.8 %

BURL stock traded down $4.98 during mid-day trading on Wednesday, reaching $269.02. 910,295 shares of the stock traded hands, compared to its average volume of 885,288. Burlington Stores, Inc. has a 52-week low of $156.01 and a 52-week high of $282.49. The stock's fifty day moving average is $261.18 and its 200-day moving average is $246.19. The company has a market cap of $17.13 billion, a P/E ratio of 41.21, a P/E/G 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 posted its quarterly earnings data on Thursday, August 29th. The company reported $1.20 EPS for the quarter, topping analysts' consensus estimates of $0.95 by $0.25. The firm had revenue of $2.47 billion during the quarter, compared to analyst estimates of $2.42 billion. Burlington Stores had a net margin of 4.18% and a return on equity of 47.43%. The company's revenue was up 13.4% on a year-over-year basis. During the same quarter last year, the business posted $0.60 EPS. As a group, sell-side analysts expect that Burlington Stores, Inc. will post 7.93 earnings per share for the current year.

Insiders Place Their Bets

In other Burlington Stores news, Director Paul Sullivan sold 1,705 shares of the company'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 transaction, the director now owns 7,393 shares in the company, valued at approximately $2,048,230.65. This represents a 18.74 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.91% of the company's stock.

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.