Robeco Institutional Asset Management B.V. Buys 29,928 Shares of Burlington Stores, Inc. (NYSE:BURL)

Robeco Institutional Asset Management B.V. boosted its position in shares of Burlington Stores, Inc. (NYSE:BURL - Free Report) by 3,041.5% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 30,912 shares of the company's stock after purchasing an additional 29,928 shares during the period. Robeco Institutional Asset Management B.V.'s holdings in Burlington Stores were worth $8,145,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the company. Tributary Capital Management LLC grew its stake in shares of Burlington Stores by 1.0% during the third quarter. Tributary Capital Management LLC now owns 4,991 shares of the company's stock valued at $1,315,000 after purchasing an additional 50 shares during the last quarter. GAMMA Investing LLC raised its stake in Burlington Stores by 20.4% during the 2nd quarter. GAMMA Investing LLC now owns 313 shares of the company's stock worth $75,000 after buying an additional 53 shares during the period. Signaturefd LLC lifted its holdings in Burlington Stores by 9.1% during the second quarter. Signaturefd LLC now owns 648 shares of the company's stock worth $156,000 after acquiring an additional 54 shares in the last quarter. Cetera Investment Advisers grew its stake in Burlington Stores by 0.5% in the second quarter. Cetera Investment Advisers now owns 12,340 shares of the company's stock valued at $2,962,000 after acquiring an additional 61 shares during the period. Finally, Atomi Financial Group Inc. increased its holdings in shares of Burlington Stores by 6.5% in the second quarter. Atomi Financial Group Inc. now owns 1,066 shares of the company's stock worth $256,000 after acquiring an additional 65 shares in the last quarter.

Burlington Stores Stock Performance

Shares of NYSE BURL traded up $1.10 during midday trading on Friday, hitting $263.39. 350,726 shares of the company's stock were exchanged, compared to its average volume of 886,307. Burlington Stores, Inc. has a 12 month low of $125.38 and a 12 month high of $282.49. The company's 50 day moving average price is $260.86 and its 200 day moving average price is $240.50. The company has a quick ratio of 0.48, a current ratio of 1.04 and a debt-to-equity ratio of 1.15. The firm has a market capitalization of $16.77 billion, a PE ratio of 39.44, a price-to-earnings-growth ratio of 1.26 and a beta of 1.64.

Burlington Stores (NYSE:BURL - Get Free Report) last issued its quarterly earnings data on Thursday, August 29th. The company reported $1.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.95 by $0.25. The firm had revenue of $2.47 billion during the quarter, compared to the consensus estimate of $2.42 billion. Burlington Stores had a net margin of 4.18% and a return on equity of 47.43%. The business's revenue for the quarter was up 13.4% compared to the same quarter last year. During the same period last year, the business posted $0.60 earnings per share. As a group, analysts predict that Burlington Stores, Inc. will post 7.91 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Burlington Stores news, Director Paul Sullivan sold 1,705 shares of the firm's stock in a transaction dated 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 of the company's stock, valued at $2,048,230.65. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.91% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the company. Telsey Advisory Group reiterated an "outperform" rating and issued a $300.00 price objective on shares of Burlington Stores in a research report on Thursday, August 29th. Barclays boosted their price objective on shares of Burlington Stores from $274.00 to $327.00 and gave the company an "overweight" rating in a research report on Friday, August 30th. TD Cowen increased their target price on Burlington Stores from $279.00 to $288.00 and gave the stock a "buy" rating in a report on Friday, August 30th. Loop Capital raised their price target on shares of Burlington Stores from $270.00 to $345.00 and gave the stock a "buy" rating in a research note on Friday, August 30th. Finally, Morgan Stanley boosted their price objective on shares of Burlington Stores from $284.00 to $300.00 and gave the stock an "overweight" rating in a research report 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. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average 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.