Zweig DiMenna Associates LLC bought a new position in shares of Burlington Stores, Inc. (NYSE:BURL) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 27,700 shares of the company’s stock, valued at approximately $2,644,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Prudential Financial Inc. grew its position in shares of Burlington Stores by 106.4% during the second quarter. Prudential Financial Inc. now owns 799,810 shares of the company’s stock worth $73,575,000 after acquiring an additional 412,380 shares during the last quarter. Old Mutual Global Investors UK Ltd. grew its position in shares of Burlington Stores by 582.2% during the second quarter. Old Mutual Global Investors UK Ltd. now owns 483,077 shares of the company’s stock worth $44,438,000 after acquiring an additional 412,262 shares during the last quarter. Fox Run Management L.L.C. bought a new position in shares of Burlington Stores during the second quarter worth about $248,000. Teacher Retirement System of Texas grew its position in shares of Burlington Stores by 0.7% during the second quarter. Teacher Retirement System of Texas now owns 5,619 shares of the company’s stock worth $517,000 after acquiring an additional 41 shares during the last quarter. Finally, 1060 Capital LLC bought a new position in shares of Burlington Stores during the second quarter worth about $27,597,000.

BURL has been the subject of several recent research reports. Deutsche Bank AG initiated coverage on shares of Burlington Stores in a research report on Thursday, September 14th. They set a “buy” rating and a $108.00 price target for the company. BMO Capital Markets restated a “buy” rating and set a $115.00 price target on shares of Burlington Stores in a research report on Wednesday, September 13th. Cowen and Company set a $105.00 price target on shares of Burlington Stores and gave the stock a “buy” rating in a research report on Monday, August 14th. Buckingham Research restated a “buy” rating and set a $107.00 price target on shares of Burlington Stores in a research report on Thursday, October 19th. Finally, SunTrust Banks, Inc. set a $109.00 price target on shares of Burlington Stores and gave the stock a “buy” rating in a research report on Monday, October 16th. Three analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $105.96.

In other Burlington Stores news, insider Joyce Manning Magrini sold 2,400 shares of the company’s stock in a transaction dated Friday, September 1st. The shares were sold at an average price of $88.00, for a total value of $211,200.00. Following the completion of the sale, the insider now directly owns 49,914 shares of the company’s stock, valued at approximately $4,392,432. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Fred Hand sold 8,000 shares of the company’s stock in a transaction dated Monday, September 11th. The shares were sold at an average price of $87.80, for a total transaction of $702,400.00. Following the completion of the sale, the insider now directly owns 76,309 shares of the company’s stock, valued at $6,699,930.20. The disclosure for this sale can be found here. Insiders sold a total of 67,922 shares of company stock valued at $6,082,550 over the last three months. 2.60% of the stock is owned by corporate insiders.

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Shares of Burlington Stores, Inc. (NYSE:BURL) traded down $0.43 on Monday, reaching $98.30. 893,000 shares of the company were exchanged, compared to its average volume of 1,077,937. The company has a market cap of $6,779.95, a price-to-earnings ratio of 26.35, a PEG ratio of 1.33 and a beta of 0.51. The company has a quick ratio of 0.24, a current ratio of 1.03 and a debt-to-equity ratio of -13.31. Burlington Stores, Inc. has a 12-month low of $71.41 and a 12-month high of $104.07.

Burlington Stores (NYSE:BURL) last issued its quarterly earnings results on Thursday, August 24th. The company reported $0.72 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.50 by $0.22. Burlington Stores had a net margin of 4.46% and a negative return on equity of 330.30%. The company had revenue of $1.36 billion during the quarter, compared to the consensus estimate of $1.35 billion. During the same period in the prior year, the company earned $0.39 EPS. Burlington Stores’s revenue was up 8.6% on a year-over-year basis. research analysts anticipate that Burlington Stores, Inc. will post 4.24 earnings per share for the current fiscal year.

Burlington Stores announced that its Board of Directors has authorized a share buyback plan on Thursday, August 24th that allows the company to repurchase $300.00 million in shares. This repurchase authorization allows the company to repurchase shares of its stock through open market purchases. Shares repurchase plans are generally a sign that the company’s management believes its shares are undervalued.

Burlington Stores Company Profile

Burlington Stores, Inc is a retailer of branded apparel. As of January 28, 2017, the Company operated 592 retail stores, inclusive of an Internet store, in 45 states and Puerto Rico. Its product categories include coats, women, men, juniors, girls, boys, shoes, handbags and accessories, beauty and fragrance, home and toys.

Institutional Ownership by Quarter for Burlington Stores (NYSE:BURL)

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