Jennison Associates LLC Buys 12,143 Shares of Burlington Stores, Inc. (NYSE:BURL)

Jennison Associates LLC boosted its stake in shares of Burlington Stores, Inc. (NYSE:BURL) by 2.4% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 510,074 shares of the company’s stock after purchasing an additional 12,143 shares during the period. Jennison Associates LLC owned 0.80% of Burlington Stores worth $134,394,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently bought and sold shares of BURL. PCJ Investment Counsel Ltd. bought a new position in Burlington Stores in the third quarter worth approximately $1,075,000. B. Metzler seel. Sohn & Co. Holding AG purchased a new stake in shares of Burlington Stores in the 3rd quarter valued at $594,000. Fifth Third Wealth Advisors LLC raised its position in Burlington Stores by 9.9% during the 3rd quarter. Fifth Third Wealth Advisors LLC now owns 2,226 shares of the company’s stock valued at $587,000 after purchasing an additional 201 shares during the last quarter. Meeder Asset Management Inc. raised its position in shares of Burlington Stores by 40.8% in the 3rd quarter. Meeder Asset Management Inc. now owns 16,576 shares of the company’s stock worth $4,367,000 after acquiring an additional 4,804 shares in the last quarter. Finally, Quest Partners LLC raised its position in shares of Burlington Stores by 173,500.0% in the 3rd quarter. Quest Partners LLC now owns 5,208 shares of the company’s stock worth $1,372,000 after purchasing an additional 5,205 shares during the last quarter.

Burlington Stores Price Performance

NYSE:BURL opened at $274.06 on Wednesday. Burlington Stores, Inc. has a 52-week low of $133.09 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. The stock has a fifty day moving average of $261.18 and a 200 day moving average of $246.19. The firm has a market capitalization of $17.45 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 (NYSE:BURL) last announced 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. The company had revenue of $2.47 billion during the quarter, compared to analyst estimates of $2.42 billion. Burlington Stores had a net margin of 4.18% and a return on equity of 47.43%. The firm’s revenue for the quarter was up 13.4% on a year-over-year basis. During the same period in the previous year, the business earned $0.60 EPS. On average, research analysts expect that Burlington Stores, Inc. will post 7.93 EPS for the current fiscal year.

Insider Transactions at Burlington Stores

In other Burlington Stores 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 value of $472,370.25. Following the transaction, the director now owns 7,393 shares in the company, valued at approximately $2,048,230.65. This trade represents a 18.74 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 0.91% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the company. The Goldman Sachs Group increased their target price on Burlington Stores from $278.00 to $310.00 and gave the stock a “buy” rating in a research report on Friday, August 30th. StockNews.com downgraded shares of Burlington Stores from a “buy” rating to a “hold” rating in a report on Wednesday, October 23rd. Telsey Advisory Group reissued an “outperform” rating and set a $300.00 price target on shares of Burlington Stores in a report on Thursday, August 29th. Morgan Stanley increased their target price on shares of Burlington Stores from $284.00 to $300.00 and gave the company an “overweight” rating in a research report on Friday, August 30th. Finally, Citigroup upped their target price on shares of Burlington Stores from $276.00 to $313.00 and gave the company a “buy” rating in a research report on Friday, August 30th. Two investment analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $297.56.

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.