Quantbot Technologies LP Takes Position in Burlington Stores, Inc. (NYSE:BURL)

Quantbot Technologies LP purchased 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 filing with the Securities & Exchange Commission. The firm purchased 2,420 shares of the company's stock, valued at approximately $638,000.

Other hedge funds have also recently bought and sold shares of the company. Massachusetts Financial Services Co. MA increased its position in Burlington Stores by 1,048.8% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 730,524 shares of the company's stock valued at $192,478,000 after buying an additional 666,934 shares in the last quarter. AQR Capital Management LLC grew its position in Burlington Stores by 2,542.2% during the second quarter. AQR Capital Management LLC now owns 247,970 shares of the company's stock worth $59,114,000 after buying an additional 238,585 shares in the last quarter. Dimensional Fund Advisors LP raised its position 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 valued at $140,968,000 after buying an additional 207,959 shares in the last quarter. Marshall Wace LLP bought a new position in Burlington Stores during the second quarter valued at approximately $47,725,000. Finally, Assenagon Asset Management S.A. increased its stake in Burlington Stores by 1,917.3% in 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.

Burlington Stores Price Performance

Shares of BURL stock traded down $1.91 during trading on Tuesday, hitting $288.43. The company had a trading volume of 394,934 shares, compared to its average volume of 900,804. The stock's 50-day moving average is $263.27 and its two-hundred day moving average is $252.04. Burlington Stores, Inc. has a 52 week low of $172.80 and a 52 week high of $298.89. The company has a quick ratio of 0.54, a current ratio of 1.17 and a debt-to-equity ratio of 1.35. The stock has a market capitalization of $18.31 billion, a price-to-earnings ratio of 39.79, a price-to-earnings-growth ratio of 1.50 and a beta of 1.64.

Burlington Stores (NYSE:BURL - Get Free Report) last issued its quarterly earnings data on Tuesday, November 26th. The company reported $1.55 earnings per share for the quarter, topping analysts' consensus estimates of $1.53 by $0.02. The firm had revenue of $2.53 billion for the quarter, compared to analyst estimates of $2.55 billion. Burlington Stores had a return on equity of 47.52% and a net margin of 4.49%. The business's quarterly revenue was up 10.5% compared to the same quarter last year. During the same period last year, the company earned $0.98 EPS. As a group, analysts predict that Burlington Stores, Inc. will post 7.92 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts have recently commented on BURL shares. Telsey Advisory Group reissued an "outperform" rating and issued a $310.00 price target on shares of Burlington Stores in a research report on Tuesday, November 26th. TD Cowen upped their price objective on Burlington Stores from $288.00 to $334.00 and gave the company a "buy" rating in a research report on Monday, November 25th. 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 note on Friday, August 23rd. Bank of America increased their target price on Burlington Stores from $275.00 to $315.00 and gave the company a "buy" rating in a research report on Friday, August 30th. Finally, Citigroup raised their price objective on Burlington Stores from $313.00 to $344.00 and gave the stock a "buy" rating in a research note on Wednesday, November 27th. Two investment analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, Burlington Stores currently has a consensus rating of "Moderate Buy" and a consensus price target of $307.69.

Insider Buying and Selling at Burlington Stores

In related news, Director Paul Sullivan sold 1,705 shares of the company'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 transaction, the director now directly owns 7,393 shares of the company's stock, valued at $2,048,230.65. This represents a 18.74 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. 0.91% of the stock is owned by corporate insiders.

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.