Versor Investments LP Purchases 3,475 Shares of Burlington Stores, Inc. (NYSE:BURL)

Versor Investments LP lifted its position in Burlington Stores, Inc. (NYSE:BURL - Free Report) by 262.3% in the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 4,800 shares of the company's stock after acquiring an additional 3,475 shares during the period. Versor Investments LP's holdings in Burlington Stores were worth $1,265,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the company. Crewe Advisors LLC bought a new position in Burlington Stores in the 2nd quarter worth $25,000. ORG Partners LLC purchased a new position in Burlington Stores in the second quarter worth about $38,000. UMB Bank n.a. boosted its position in shares of Burlington Stores by 391.7% during the third quarter. UMB Bank n.a. now owns 177 shares of the company's stock valued at $47,000 after buying an additional 141 shares during the period. Blue Trust Inc. boosted its position in shares of Burlington Stores by 619.2% during the second quarter. Blue Trust Inc. now owns 187 shares of the company's stock valued at $43,000 after buying an additional 161 shares during the period. Finally, American National Bank purchased a new position in shares of Burlington Stores during the second quarter valued at approximately $47,000.

Analyst Ratings Changes

A number of brokerages recently commented on BURL. Telsey Advisory Group reissued an "outperform" rating and issued a $300.00 price objective on shares of Burlington Stores in a research note on Thursday, August 29th. The Goldman Sachs Group boosted their price objective 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. StockNews.com lowered shares of Burlington Stores from a "buy" rating to a "hold" rating in a report on Wednesday, October 23rd. Gordon Haskett upgraded shares of Burlington Stores from a "hold" rating to a "buy" rating and set a $300.00 price target for the company in a research report on Monday, August 19th. Finally, Morgan Stanley increased their price objective on shares of Burlington Stores from $284.00 to $300.00 and gave the company an "overweight" rating in a report on Friday, August 30th. Two investment analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $294.94.

Insider Buying and Selling at Burlington Stores

In other news, Director Paul Sullivan sold 1,705 shares of the company'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 sale, the director now owns 7,393 shares of the company's stock, valued at approximately $2,048,230.65. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.91% of the company's stock.

Burlington Stores Stock Up 2.0 %

BURL traded up $5.29 on Tuesday, reaching $263.43. 815,188 shares of the company traded hands, compared to its average volume of 887,563. The stock's 50 day moving average price is $260.56 and its 200-day moving average price is $242.52. Burlington Stores, Inc. has a 52-week low of $125.38 and a 52-week high of $282.49. The company has a market cap of $16.77 billion, a price-to-earnings ratio of 38.97, a PEG ratio of 1.34 and a beta of 1.64. The company has a debt-to-equity ratio of 1.15, a current ratio of 1.04 and a quick ratio of 0.48.

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 for the quarter, topping analysts' consensus estimates of $0.95 by $0.25. Burlington Stores had a net margin of 4.18% and a return on equity of 47.43%. The business had revenue of $2.47 billion during the quarter, compared to analysts' expectations of $2.42 billion. During the same period in the previous year, the company earned $0.60 earnings per share. Burlington Stores's revenue for the quarter was up 13.4% on a year-over-year basis. On average, sell-side analysts expect that Burlington Stores, Inc. will post 7.91 EPS for the current fiscal year.

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.