2,308 Shares in Burlington Stores, Inc. $BURL Purchased by Greenland Capital Management LP

Greenland Capital Management LP acquired a new stake in shares of Burlington Stores, Inc. (NYSE:BURL) in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor acquired 2,308 shares of the company’s stock, valued at approximately $587,000.

Other hedge funds also recently bought and sold shares of the company. First Horizon Corp acquired a new position in shares of Burlington Stores during the 3rd quarter worth approximately $25,000. Root Financial Partners LLC purchased a new position in Burlington Stores during the third quarter worth approximately $30,000. Mather Group LLC. acquired a new position in Burlington Stores during the third quarter worth $36,000. Geneos Wealth Management Inc. boosted its stake in Burlington Stores by 235.4% during the second quarter. Geneos Wealth Management Inc. now owns 161 shares of the company’s stock worth $37,000 after buying an additional 113 shares during the last quarter. Finally, Jones Financial Companies Lllp grew its holdings in Burlington Stores by 38.2% in the 3rd quarter. Jones Financial Companies Lllp now owns 170 shares of the company’s stock valued at $45,000 after buying an additional 47 shares in the last quarter.

Burlington Stores Stock Performance

Shares of BURL stock opened at $307.84 on Wednesday. The company has a debt-to-equity ratio of 1.32, a quick ratio of 0.46 and a current ratio of 1.21. The firm has a market cap of $19.37 billion, a P/E ratio of 35.38, a P/E/G ratio of 1.69 and a beta of 1.74. The firm’s 50 day moving average price is $299.08 and its 200-day moving average price is $281.54. Burlington Stores, Inc. has a one year low of $212.92 and a one year high of $332.20.

Burlington Stores (NYSE:BURL) last announced its earnings results on Tuesday, November 25th. The company reported $1.68 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.59 by $0.09. Burlington Stores had a return on equity of 41.02% and a net margin of 5.01%.The company had revenue of $2.71 billion for the quarter, compared to analyst estimates of $2.74 billion. During the same quarter in the previous year, the company earned $1.55 earnings per share. The firm’s quarterly revenue was up 7.1% compared to the same quarter last year. As a group, equities research analysts predict that Burlington Stores, Inc. will post 7.93 EPS for the current year.

Analysts Set New Price Targets

Several research firms have recently commented on BURL. Deutsche Bank Aktiengesellschaft started coverage on Burlington Stores in a report on Thursday, January 8th. They set a “hold” rating and a $318.00 price target on the stock. Guggenheim assumed coverage on shares of Burlington Stores in a research note on Tuesday, December 9th. They set a “neutral” rating on the stock. JPMorgan Chase & Co. increased their price target on shares of Burlington Stores from $316.00 to $356.00 and gave the company an “overweight” rating in a research note on Monday. Jefferies Financial Group restated a “buy” rating and set a $330.00 price target on shares of Burlington Stores in a report on Tuesday, November 25th. Finally, Sanford C. Bernstein set a $350.00 price objective on Burlington Stores and gave the company an “outperform” rating in a report on Tuesday, January 6th. Fifteen research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Burlington Stores has a consensus rating of “Moderate Buy” and an average target price of $338.44.

Burlington Stores Profile

Burlington Stores, Inc is an American off-price retailer that sells apparel and home goods at discounted prices. The company’s merchandise assortment includes clothing for women, men and children, plus baby products, footwear, accessories, beauty items, toys and home décor. Burlington’s merchandising strategy focuses on offering branded and private-label goods at lower prices than traditional department stores by sourcing excess inventory, closeouts and opportunistic buys from manufacturers and other retailers.

The business traces its roots to the Burlington Coat Factory name established in the early 1970s and has since evolved into a broader off-price retailer that carries a wide range of seasonal and everyday merchandise.