Geode Capital Management LLC grew its holdings in Burlington Stores Inc (NYSE:BURL) by 0.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 553,265 shares of the company’s stock after purchasing an additional 2,223 shares during the quarter. Geode Capital Management LLC’s holdings in Burlington Stores were worth $68,068,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also bought and sold shares of the company. Carillon Tower Advisers Inc. acquired a new stake in Burlington Stores in the fourth quarter valued at approximately $122,030,000. Congress Asset Management Co. MA acquired a new stake in Burlington Stores in the fourth quarter valued at approximately $87,410,000. Standard Life Aberdeen plc raised its holdings in Burlington Stores by 662.1% in the fourth quarter. Standard Life Aberdeen plc now owns 679,165 shares of the company’s stock valued at $83,561,000 after acquiring an additional 590,048 shares in the last quarter. American Century Companies Inc. raised its holdings in Burlington Stores by 50.6% in the fourth quarter. American Century Companies Inc. now owns 1,297,602 shares of the company’s stock valued at $159,644,000 after acquiring an additional 435,831 shares in the last quarter. Finally, Systematic Financial Management LP raised its holdings in Burlington Stores by 318.6% in the third quarter. Systematic Financial Management LP now owns 359,334 shares of the company’s stock valued at $34,302,000 after acquiring an additional 273,492 shares in the last quarter.
BURL has been the topic of several analyst reports. Credit Suisse Group initiated coverage on shares of Burlington Stores in a report on Monday. They issued an “outperform” rating and a $146.00 target price on the stock. Zacks Investment Research raised shares of Burlington Stores from a “hold” rating to a “buy” rating and set a $114.00 target price on the stock in a report on Monday, November 27th. Buckingham Research reissued a “buy” rating and set a $150.00 price objective (up previously from $143.00) on shares of Burlington Stores in a report on Friday, March 9th. BMO Capital Markets set a $120.00 price objective on shares of Burlington Stores and gave the stock a “buy” rating in a report on Wednesday, November 22nd. Finally, Wolfe Research reissued an “outperform” rating and set a $146.00 price objective (up previously from $139.00) on shares of Burlington Stores in a report on Friday, March 9th. One investment analyst has rated the stock with a hold rating and eighteen have assigned a buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $129.43.
Burlington Stores Inc (NYSE:BURL) opened at $127.09 on Wednesday. The company has a market cap of $8,567.84, a price-to-earnings ratio of 29.06, a PEG ratio of 1.17 and a beta of 0.48. Burlington Stores Inc has a 1-year low of $79.07 and a 1-year high of $128.93. The company has a debt-to-equity ratio of -11.71, a current ratio of 1.02 and a quick ratio of 0.22.
Burlington Stores (NYSE:BURL) last announced its earnings results on Thursday, March 8th. The company reported $2.17 EPS for the quarter, beating analysts’ consensus estimates of $2.09 by $0.08. The business had revenue of $1.94 billion for the quarter, compared to analysts’ expectations of $1.89 billion. Burlington Stores had a net margin of 6.31% and a negative return on equity of 367.54%. The company’s quarterly revenue was up 14.9% on a year-over-year basis. During the same period in the previous year, the company posted $1.78 EPS. analysts predict that Burlington Stores Inc will post 5.75 earnings per share for the current fiscal year.
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About Burlington Stores
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.
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