Chicago Capital LLC Has $35.33 Million Stock Position in Burlington Stores, Inc. (NYSE:BURL)

Chicago Capital LLC boosted its holdings in shares of Burlington Stores, Inc. (NYSE:BURL - Free Report) by 18.0% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 134,089 shares of the company's stock after purchasing an additional 20,462 shares during the period. Chicago Capital LLC owned about 0.21% of Burlington Stores worth $35,330,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Mitsubishi UFJ Asset Management UK Ltd. raised its stake in shares of Burlington Stores by 25.0% in the third quarter. Mitsubishi UFJ Asset Management UK Ltd. now owns 5,000 shares of the company's stock valued at $1,317,000 after acquiring an additional 1,000 shares during the last quarter. Raymond James & Associates raised its stake in shares of Burlington Stores by 3.6% in the third quarter. Raymond James & Associates now owns 30,705 shares of the company's stock valued at $8,090,000 after acquiring an additional 1,056 shares during the last quarter. Blue Trust Inc. raised its stake in shares of Burlington Stores by 246.0% in the third quarter. Blue Trust Inc. now owns 647 shares of the company's stock valued at $155,000 after acquiring an additional 460 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd raised its stake in shares of Burlington Stores by 25.1% in the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 6,209 shares of the company's stock valued at $1,636,000 after acquiring an additional 1,245 shares during the last quarter. Finally, Bleakley Financial Group LLC raised its stake in shares of Burlington Stores by 10.2% in the third quarter. Bleakley Financial Group LLC now owns 2,208 shares of the company's stock valued at $582,000 after acquiring an additional 205 shares during the last quarter.

Burlington Stores Stock Down 1.2 %

BURL traded down $3.22 during trading on Friday, hitting $257.78. The company had a trading volume of 702,900 shares, compared to its average volume of 897,961. The company has a market capitalization of $16.45 billion, a PE ratio of 43.18, a PEG ratio of 1.28 and a beta of 1.64. Burlington Stores, Inc. has a one year low of $116.03 and a one year high of $282.49. The firm's 50-day moving average price is $264.83 and its 200 day moving average price is $234.91. The company has a quick ratio of 0.48, a current ratio of 1.04 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, beating the consensus estimate of $0.95 by $0.25. The business had revenue of $2.47 billion for the quarter, compared to analysts' expectations of $2.42 billion. Burlington Stores had a net margin of 4.18% and a return on equity of 47.43%. The firm's revenue was up 13.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.60 EPS. As a group, equities analysts expect that Burlington Stores, Inc. will post 7.91 earnings per share for the current year.

Insider Activity at Burlington Stores

In other Burlington Stores news, Director Paul Sullivan sold 1,705 shares of the business'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 sale, the director now directly owns 7,393 shares of the company's stock, valued at $2,048,230.65. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. In other Burlington Stores news, CMO Jennifer Vecchio sold 494 shares of the business's stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $255.37, for a total transaction of $126,152.78. Following the sale, the chief marketing officer now directly owns 61,907 shares of the company's stock, valued at $15,809,190.59. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Paul Sullivan sold 1,705 shares of the business's stock in a transaction dated Thursday, September 19th. The stock was sold at an average price of $277.05, for a total transaction of $472,370.25. Following the sale, the director now directly owns 7,393 shares in the company, valued at $2,048,230.65. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 2,283 shares of company stock valued at $619,599. 0.91% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. The Goldman Sachs Group raised their price target on shares of Burlington Stores from $278.00 to $310.00 and gave the company a "buy" rating in a report on Friday, August 30th. Barclays raised their price target on shares of Burlington Stores from $274.00 to $327.00 and gave the company an "overweight" rating in a report on Friday, August 30th. Telsey Advisory Group reissued an "outperform" rating and issued a $300.00 price target on shares of Burlington Stores in a report on Thursday, August 29th. Evercore ISI raised their price target on shares of Burlington Stores from $300.00 to $315.00 and gave the company an "outperform" rating in a report on Friday, August 30th. Finally, Citigroup raised their price target on shares of Burlington Stores from $276.00 to $313.00 and gave the company a "buy" rating in a report on Friday, August 30th. One equities research analyst has rated the stock with a hold rating and sixteen have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $294.94.

Burlington Stores 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.