Yousif Capital Management LLC Acquires Shares of 30,987 Burlington Stores, Inc. (NYSE:BURL)

Yousif Capital Management LLC bought a new position in shares of Burlington Stores, Inc. (NYSE:BURL) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 30,987 shares of the company’s stock, valued at approximately $6,026,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. National Bank of Canada FI grew its position in Burlington Stores by 1,792.7% during the 3rd quarter. National Bank of Canada FI now owns 4,429 shares of the company’s stock worth $572,000 after purchasing an additional 4,195 shares during the last quarter. SG Americas Securities LLC purchased a new position in shares of Burlington Stores during the third quarter worth about $223,000. Handelsbanken Fonder AB increased its position in Burlington Stores by 4.7% in the 3rd quarter. Handelsbanken Fonder AB now owns 12,826 shares of the company’s stock valued at $1,735,000 after acquiring an additional 571 shares during the period. Peregrine Capital Management LLC increased its position in Burlington Stores by 6.2% in the 3rd quarter. Peregrine Capital Management LLC now owns 55,997 shares of the company’s stock valued at $7,576,000 after acquiring an additional 3,256 shares during the period. Finally, Linden Thomas Advisory Services LLC grew its position in Burlington Stores by 70.4% in the 3rd quarter. Linden Thomas Advisory Services LLC now owns 3,492 shares of the company’s stock valued at $472,000 after buying an additional 1,443 shares during the last quarter.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the company. StockNews.com raised Burlington Stores from a “hold” rating to a “buy” rating in a report on Saturday, March 9th. Telsey Advisory Group restated an “outperform” rating and set a $250.00 target price (up from $225.00) on shares of Burlington Stores in a research report on Monday, March 4th. Evercore ISI increased their price target on shares of Burlington Stores from $220.00 to $235.00 and gave the company an “outperform” rating in a report on Friday, February 23rd. Finally, Piper Sandler upgraded shares of Burlington Stores from a “neutral” rating to an “overweight” rating and raised their price objective for the company from $155.00 to $240.00 in a research note on Wednesday, January 17th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $210.69.

Burlington Stores Stock Down 0.1 %

BURL stock opened at $178.53 on Friday. Burlington Stores, Inc. has a 12 month low of $115.66 and a 12 month high of $232.69. The company has a debt-to-equity ratio of 1.40, a current ratio of 1.15 and a quick ratio of 0.61. The company’s 50 day simple moving average is $206.46 and its 200-day simple moving average is $180.98. The firm has a market capitalization of $11.40 billion, a PE ratio of 34.01, a P/E/G ratio of 1.04 and a beta of 1.49.

Burlington Stores (NYSE:BURL) last released its earnings results on Thursday, March 7th. The company reported $3.30 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.28 by $0.02. Burlington Stores had a net margin of 3.49% and a return on equity of 45.28%. The company had revenue of $3.13 billion for the quarter, compared to analyst estimates of $3.07 billion. During the same period in the prior year, the firm earned $2.96 EPS. The firm’s quarterly revenue was up 13.9% on a year-over-year basis. Equities analysts expect that Burlington Stores, Inc. will post 7.41 earnings per share for the current fiscal year.

Insider Activity at Burlington Stores

In other Burlington Stores news, CMO Jennifer Vecchio sold 5,025 shares of the firm’s stock in a transaction dated Wednesday, March 20th. The stock was sold at an average price of $225.24, for a total value of $1,131,831.00. Following the sale, the chief marketing officer now directly owns 61,115 shares of the company’s stock, valued at approximately $13,765,542.60. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 0.91% of the company’s stock.

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.