Alyeska Investment Group L.P. acquired a new position in shares of Burlington Stores, Inc. (NYSE:BURL) in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 87,986 shares of the company’s stock, valued at approximately $8,399,000. Alyeska Investment Group L.P. owned 0.13% of Burlington Stores as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the company. Balyasny Asset Management LLC increased its holdings in shares of Burlington Stores by 123.3% during the second quarter. Balyasny Asset Management LLC now owns 1,408,518 shares of the company’s stock worth $129,570,000 after buying an additional 777,645 shares in the last quarter. Voya Investment Management LLC boosted its position in Burlington Stores by 23.9% during the second quarter. Voya Investment Management LLC now owns 2,879,622 shares of the company’s stock valued at $264,896,000 after acquiring an additional 554,717 shares during the last quarter. Samlyn Capital LLC boosted its position in Burlington Stores by 89.1% during the second quarter. Samlyn Capital LLC now owns 968,713 shares of the company’s stock valued at $89,112,000 after acquiring an additional 456,305 shares during the last quarter. Prudential Financial Inc. boosted its position in Burlington Stores by 106.4% during the second quarter. Prudential Financial Inc. now owns 799,810 shares of the company’s stock valued at $73,575,000 after acquiring an additional 412,380 shares during the last quarter. Finally, Old Mutual Global Investors UK Ltd. boosted its position in 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 valued at $44,438,000 after acquiring an additional 412,262 shares during the last quarter.

In other Burlington Stores news, CEO Thomas Kingsbury sold 20,000 shares of the firm’s stock in a transaction on Tuesday, October 10th. The shares were sold at an average price of $92.29, for a total value of $1,845,800.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Joyce Manning Magrini sold 2,400 shares of the firm’s stock in a transaction on Monday, October 2nd. The shares were sold at an average price of $94.16, for a total transaction of $225,984.00. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 67,701 shares of company stock valued at $6,632,690. 2.60% of the stock is owned by insiders.

Shares of Burlington Stores, Inc. (NYSE BURL) traded down $0.75 during mid-day trading on Tuesday, hitting $112.14. 866,000 shares of the stock traded hands, compared to its average volume of 1,084,936. The company has a debt-to-equity ratio of -11.71, a quick ratio of 0.22 and a current ratio of 1.02. Burlington Stores, Inc. has a 12 month low of $79.07 and a 12 month high of $114.99. The stock has a market cap of $7,704.50, a price-to-earnings ratio of 28.73, a P/E/G ratio of 1.51 and a beta of 0.56.

Burlington Stores (NYSE:BURL) last issued its quarterly earnings results on Tuesday, November 21st. The company reported $0.70 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.65 by $0.05. The company had revenue of $1.44 billion during the quarter, compared to analyst estimates of $1.44 billion. Burlington Stores had a net margin of 4.61% and a negative return on equity of 374.86%. Burlington Stores’s quarterly revenue was up 7.1% compared to the same quarter last year. During the same quarter last year, the business posted $0.51 EPS. equities research analysts anticipate that Burlington Stores, Inc. will post 4.27 earnings per share for the current fiscal year.

Burlington Stores announced that its board has initiated a share repurchase program on Thursday, August 24th that authorizes the company to buyback $300.00 million in shares. This buyback authorization authorizes the company to purchase shares of its stock through open market purchases. Shares buyback programs are often a sign that the company’s board believes its stock is undervalued.

A number of brokerages have commented on BURL. Cowen set a $132.00 price target on shares of Burlington Stores and gave the company a “buy” rating in a research report on Monday. Telsey Advisory Group increased their price objective on shares of Burlington Stores from $110.00 to $116.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 22nd. Royal Bank of Canada reissued a “buy” rating and set a $115.00 price objective (up previously from $104.00) on shares of Burlington Stores in a research report on Wednesday, November 22nd. SunTrust Banks increased their price objective on shares of Burlington Stores from $109.00 to $117.00 and gave the stock a “buy” rating in a research report on Wednesday, November 22nd. Finally, Morgan Stanley increased their price objective on shares of Burlington Stores from $107.00 to $116.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 22nd. Three investment analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $110.49.

TRADEMARK VIOLATION NOTICE: “Alyeska Investment Group L.P. Invests $8.40 Million in Burlington Stores, Inc. (BURL) Stock” was originally published by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are reading this piece on another site, it was illegally stolen and reposted in violation of international copyright and trademark law. The legal version of this piece can be viewed at https://www.thecerbatgem.com/2017/12/12/alyeska-investment-group-l-p-invests-8-40-million-in-burlington-stores-inc-burl-stock.html.

Burlington Stores 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)

Receive News & Stock Ratings for Burlington Stores Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Burlington Stores Inc. and related stocks with our FREE daily email newsletter.