Plato Investment Management Ltd Increases Stock Position in Burlington Stores, Inc. (NYSE:BURL)

Plato Investment Management Ltd grew its holdings in shares of Burlington Stores, Inc. (NYSE:BURL) by 194.9% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,246 shares of the company’s stock after buying an additional 2,806 shares during the period. Plato Investment Management Ltd’s holdings in Burlington Stores were worth $1,019,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Capital International Investors boosted 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 acquiring an additional 111,526 shares in the last quarter. Vanguard Group Inc. boosted its position in shares of Burlington Stores by 3.8% in the 4th quarter. Vanguard Group Inc. now owns 6,227,333 shares of the company’s stock worth $1,211,092,000 after purchasing an additional 226,804 shares in the last quarter. Price T Rowe Associates Inc. MD grew its stake in shares of Burlington Stores by 0.7% in the 1st 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 last quarter. 1832 Asset Management L.P. increased its position in Burlington Stores by 300.5% during the 4th quarter. 1832 Asset Management L.P. now owns 1,034,218 shares of the company’s stock valued at $201,135,000 after buying an additional 775,961 shares in the last quarter. Finally, Wellington Management Group LLP raised its stake in Burlington Stores by 12.8% during the fourth quarter. Wellington Management Group LLP now owns 886,603 shares of the company’s stock valued at $172,427,000 after buying an additional 100,823 shares during the last quarter.

Insider Activity

In other Burlington Stores news, CMO Jennifer Vecchio sold 494 shares of the stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $255.37, for a total value of $126,152.78. Following the completion of the sale, the chief marketing officer now owns 61,907 shares in the company, valued at approximately $15,809,190.59. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 0.91% of the company’s stock.

Burlington Stores Trading Up 0.8 %

Shares of NYSE:BURL opened at $277.45 on Monday. The stock’s 50-day simple moving average is $258.20 and its two-hundred day simple moving average is $227.61. The stock has a market capitalization of $17.66 billion, a price-to-earnings ratio of 46.47, a PEG ratio of 1.37 and a beta of 1.64. Burlington Stores, Inc. has a 52-week low of $115.66 and a 52-week high of $282.49. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.48 and a current ratio of 1.04.

Burlington Stores (NYSE:BURL) last posted its quarterly earnings data on Thursday, August 29th. The company reported $1.20 earnings per share (EPS) 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 company had revenue of $2.47 billion for the quarter, compared to the consensus estimate of $2.42 billion. During the same quarter last year, the firm posted $0.60 earnings per share. The firm’s revenue was up 13.4% compared to the same quarter last year. Analysts expect that Burlington Stores, Inc. will post 7.86 EPS for the current year.

Wall Street Analysts Forecast Growth

BURL has been the topic of a number of recent research reports. Citigroup increased their target price on Burlington Stores from $276.00 to $313.00 and gave the stock a “buy” rating in a research note on Friday, August 30th. Evercore ISI increased their price objective on shares of Burlington Stores from $300.00 to $315.00 and gave the company an “outperform” rating in a research report on Friday, August 30th. StockNews.com raised shares of Burlington Stores from a “hold” rating to a “buy” rating in a report on Sunday. TD Cowen increased their price target on shares of Burlington Stores from $279.00 to $288.00 and gave the company a “buy” rating in a report 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 report on Friday, August 30th. One research analyst has rated the stock with a hold rating and sixteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently 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.