Petrus Trust Company LTA Buys Shares of 2,338 Burlington Stores, Inc. (NYSE:BURL)

Petrus Trust Company LTA bought a new position in shares of Burlington Stores, Inc. (NYSE:BURL - Free Report) in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 2,338 shares of the company's stock, valued at approximately $616,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Massachusetts Financial Services Co. MA increased its holdings in shares of Burlington Stores by 1,048.8% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 730,524 shares of the company's stock worth $192,478,000 after purchasing an additional 666,934 shares during the period. AQR Capital Management LLC increased its holdings in shares of Burlington Stores by 2,542.2% during the 2nd quarter. AQR Capital Management LLC now owns 247,970 shares of the company's stock worth $59,114,000 after purchasing an additional 238,585 shares during the period. Dimensional Fund Advisors LP increased its holdings in shares of Burlington Stores by 54.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 587,376 shares of the company's stock worth $140,968,000 after purchasing an additional 207,959 shares during the period. Marshall Wace LLP bought a new position in shares of Burlington Stores during the 2nd quarter worth about $47,725,000. Finally, Assenagon Asset Management S.A. increased its holdings in shares of Burlington Stores by 1,917.3% during the 2nd quarter. Assenagon Asset Management S.A. now owns 207,260 shares of the company's stock worth $49,742,000 after purchasing an additional 196,986 shares during the period.

Insider Transactions at Burlington Stores

In related news, Director Paul Sullivan sold 1,705 shares of the 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 directly owns 7,393 shares in the company, valued at $2,048,230.65. This represents a 18.74 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CMO Jennifer Vecchio sold 494 shares of the stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $293.89, for a total transaction of $145,181.66. Following the completion of the transaction, 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 ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 2,283 shares of company stock worth $638,628. Corporate insiders own 0.91% of the company's stock.

Analyst Upgrades and Downgrades

BURL has been the topic of several research reports. Bank of America boosted their price objective on shares of Burlington Stores from $275.00 to $315.00 and gave the stock a "buy" rating in a report on Friday, August 30th. Morgan Stanley upped their target price on shares of Burlington Stores from $285.00 to $305.00 and gave the company an "overweight" rating in a research note on Wednesday, November 27th. TD Cowen upped their target price on shares of Burlington Stores from $288.00 to $334.00 and gave the company a "buy" rating in a research note on Monday, November 25th. StockNews.com cut shares of Burlington Stores from a "buy" rating to a "hold" rating in a research note on Wednesday, October 23rd. Finally, The Goldman Sachs Group upped their target price on shares of Burlington Stores from $278.00 to $310.00 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 assigned a buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $307.69.

Burlington Stores Price Performance

NYSE:BURL traded up $2.04 on Thursday, reaching $292.81. The stock had a trading volume of 704,465 shares, compared to its average volume of 901,737. Burlington Stores, Inc. has a 1-year low of $173.21 and a 1-year high of $298.89. The stock has a fifty day moving average price of $264.19 and a 200-day moving average price of $253.24. The company has a market capitalization of $18.59 billion, a P/E ratio of 40.11, a price-to-earnings-growth ratio of 1.52 and a beta of 1.64. The company has a quick ratio of 0.54, a current ratio of 1.17 and a debt-to-equity ratio of 1.35.

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

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.