Burlington Stores, Inc. (NYSE:BURL) Holdings Raised by Quest Partners LLC

Quest Partners LLC increased its stake in Burlington Stores, Inc. (NYSE:BURL - Free Report) by 173,500.0% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 5,208 shares of the company's stock after acquiring an additional 5,205 shares during the period. Quest Partners LLC's holdings in Burlington Stores were worth $1,372,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Capital International Investors grew its stake in Burlington Stores by 1.5% during the first quarter. Capital International Investors now owns 7,394,746 shares of the company's stock worth $1,716,986,000 after buying an additional 111,526 shares during the period. Price T Rowe Associates Inc. MD boosted its position in shares of Burlington Stores by 0.7% in the first quarter. Price T Rowe Associates Inc. MD now owns 1,684,245 shares of the company's stock worth $391,066,000 after buying an additional 12,238 shares during the period. Bank of New York Mellon Corp grew its position in Burlington Stores by 9.1% in the second quarter. Bank of New York Mellon Corp now owns 772,010 shares of the company's stock valued at $185,282,000 after acquiring an additional 64,410 shares in the last quarter. Anomaly Capital Management LP raised its stake in shares of Burlington Stores by 34.6% during the second quarter. Anomaly Capital Management LP now owns 730,175 shares of the company's stock valued at $175,242,000 after purchasing an additional 187,760 shares during the period. Finally, Clearbridge Investments LLC lifted its position in shares of Burlington Stores by 2.2% during the second quarter. Clearbridge Investments LLC now owns 663,527 shares of the company's stock worth $159,246,000 after purchasing an additional 14,080 shares in the last quarter.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on BURL. Morgan Stanley increased their price target on Burlington Stores from $284.00 to $300.00 and gave the company an "overweight" rating in a report on Friday, August 30th. UBS Group increased their price objective on shares of Burlington Stores from $270.00 to $280.00 and gave the company a "neutral" rating in a research note on Thursday, November 14th. The Goldman Sachs Group boosted their target price on shares of Burlington Stores from $278.00 to $310.00 and gave the stock a "buy" rating in a research report on Friday, August 30th. Barclays lifted their price target on Burlington Stores from $274.00 to $327.00 and gave the stock an "overweight" rating in a research note on Friday, August 30th. Finally, TD Cowen upped their price objective on Burlington Stores from $279.00 to $288.00 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 given a buy rating to the company. According to MarketBeat, Burlington Stores presently has a consensus rating of "Moderate Buy" and an average target price of $297.56.

Insiders Place Their Bets

In other news, 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 transaction of $472,370.25. Following the completion of the sale, the director now directly owns 7,393 shares of the company's stock, valued at $2,048,230.65. This trade represents a 18.74 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.91% of the stock is currently owned by insiders.

Burlington Stores Stock Performance

NYSE:BURL traded down $5.15 during mid-day trading on Wednesday, hitting $268.85. The stock had a trading volume of 913,516 shares, compared to its average volume of 886,292. The company has a current ratio of 1.04, a quick ratio of 0.48 and a debt-to-equity ratio of 1.15. The company has a 50 day simple moving average of $261.18 and a 200-day simple moving average of $246.19. The stock has a market capitalization of $17.11 billion, a price-to-earnings ratio of 41.21, a P/E/G ratio of 1.37 and a beta of 1.64. Burlington Stores, Inc. has a 52 week low of $156.01 and a 52 week high of $282.49.

Burlington Stores (NYSE:BURL - Get Free Report) last announced its earnings results on Thursday, August 29th. The company reported $1.20 earnings per share for the quarter, beating the consensus estimate of $0.95 by $0.25. The firm had revenue of $2.47 billion for the quarter, compared to the consensus estimate of $2.42 billion. Burlington Stores had a return on equity of 47.43% and a net margin of 4.18%. The firm's revenue for the quarter was up 13.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.60 EPS. On average, research analysts expect that Burlington Stores, Inc. will post 7.93 earnings per share for the current fiscal 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.