Burlington Stores, Inc. (NYSE:BURL) Shares Acquired by Plato Investment Management Ltd

Plato Investment Management Ltd grew its stake in Burlington Stores, Inc. (NYSE:BURL) by 928.6% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,440 shares of the company’s stock after purchasing an additional 1,300 shares during the quarter. Plato Investment Management Ltd’s holdings in Burlington Stores were worth $334,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. State of Alaska Department of Revenue boosted its holdings in shares of Burlington Stores by 77.8% in the 4th quarter. State of Alaska Department of Revenue now owns 16,481 shares of the company’s stock valued at $3,204,000 after buying an additional 7,210 shares in the last quarter. Fifth Third Bancorp purchased a new position in Burlington Stores during the 4th quarter valued at about $50,000. State of Michigan Retirement System acquired a new stake in shares of Burlington Stores during the 4th quarter worth about $3,034,000. Arizona State Retirement System boosted its position in shares of Burlington Stores by 0.7% in the fourth quarter. Arizona State Retirement System now owns 17,823 shares of the company’s stock worth $3,466,000 after acquiring an additional 121 shares during the last quarter. Finally, Asset Management One Co. Ltd. boosted its position in shares of Burlington Stores by 3.3% in the fourth quarter. Asset Management One Co. Ltd. now owns 25,609 shares of the company’s stock worth $5,046,000 after acquiring an additional 818 shares during the last quarter.

Burlington Stores Trading Down 2.5 %

Shares of NYSE:BURL traded down $6.28 during trading on Friday, reaching $248.96. 507,204 shares of the company were exchanged, compared to its average volume of 922,713. The firm has a market capitalization of $15.89 billion, a PE ratio of 42.75, a P/E/G ratio of 1.39 and a beta of 1.61. The business’s fifty day simple moving average is $236.18 and its 200-day simple moving average is $212.48. Burlington Stores, Inc. has a 12-month low of $115.66 and a 12-month high of $263.84. The company has a debt-to-equity ratio of 1.20, a current ratio of 1.07 and a quick ratio of 0.52.

Burlington Stores (NYSE:BURL) last posted its quarterly earnings data on Thursday, May 30th. The company reported $1.42 EPS for the quarter, topping the consensus estimate of $1.04 by $0.38. The business had revenue of $2.36 billion during the quarter, compared to the consensus estimate of $2.34 billion. Burlington Stores had a net margin of 3.87% and a return on equity of 46.39%. The business’s revenue for the quarter was up 10.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.84 earnings per share. On average, research analysts anticipate that Burlington Stores, Inc. will post 7.61 EPS for the current year.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the stock. Barclays lifted their price objective on shares of Burlington Stores from $252.00 to $274.00 and gave the company an “overweight” rating in a research note on Friday, May 31st. Citigroup upped their price objective on shares of Burlington Stores from $258.00 to $276.00 and gave the company a “buy” rating in a research note on Friday, May 31st. Evercore ISI increased their price objective on Burlington Stores from $250.00 to $274.00 and gave the stock an “outperform” rating in a report on Friday, May 31st. TD Cowen raised their price objective on shares of Burlington Stores from $209.00 to $257.00 and gave the stock a “hold” rating in a research note on Friday, May 31st. Finally, StockNews.com cut Burlington Stores from a “buy” rating to a “hold” rating in a report on Wednesday. Four equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $248.80.

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.