William Blair Investment Management LLC grew its holdings in Burlington Stores Inc (NYSE:BURL) by 60.1% in the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 992,737 shares of the company’s stock after buying an additional 372,493 shares during the quarter. William Blair Investment Management LLC’s holdings in Burlington Stores were worth $161,737,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in BURL. Synovus Financial Corp lifted its stake in shares of Burlington Stores by 244.7% in the 3rd quarter. Synovus Financial Corp now owns 655 shares of the company’s stock valued at $106,000 after purchasing an additional 465 shares during the period. Hexavest Inc. purchased a new position in shares of Burlington Stores in the 3rd quarter valued at approximately $109,000. Harvest Fund Management Co. Ltd purchased a new position in shares of Burlington Stores in the 3rd quarter valued at approximately $194,000. Comerica Securities Inc. purchased a new position in shares of Burlington Stores in the 3rd quarter valued at approximately $200,000. Finally, First Republic Investment Management Inc. purchased a new position in shares of Burlington Stores in the 2nd quarter valued at approximately $219,000.
A number of research firms recently weighed in on BURL. Citigroup raised their price objective on Burlington Stores from $165.00 to $175.00 and gave the company a “neutral” rating in a research report on Thursday. Credit Suisse Group raised their price objective on Burlington Stores from $178.00 to $190.00 and gave the company an “outperform” rating in a research report on Thursday. Barclays raised their price objective on Burlington Stores from $194.00 to $201.00 and gave the company an “overweight” rating in a research report on Thursday. Cowen set a $195.00 price objective on Burlington Stores and gave the company a “buy” rating in a research report on Wednesday. Finally, Wells Fargo & Co set a $184.00 price objective on Burlington Stores and gave the company a “buy” rating in a research report on Wednesday. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and seventeen have given a buy rating to the stock. The company has an average rating of “Buy” and an average target price of $178.50.
Shares of Burlington Stores stock traded up $1.96 on Friday, reaching $170.47. The company’s stock had a trading volume of 8,638 shares, compared to its average volume of 1,411,547. The firm has a market cap of $11.32 billion, a price-to-earnings ratio of 38.73, a PEG ratio of 1.27 and a beta of 0.37. Burlington Stores Inc has a 52 week low of $103.98 and a 52 week high of $180.27. The company has a current ratio of 1.05, a quick ratio of 0.29 and a debt-to-equity ratio of 7.54.
Burlington Stores (NYSE:BURL) last posted its earnings results on Wednesday, November 28th. The company reported $1.21 EPS for the quarter, topping the Zacks’ consensus estimate of $1.06 by $0.15. The business had revenue of $1.63 billion during the quarter, compared to analyst estimates of $1.61 billion. Burlington Stores had a return on equity of 341.05% and a net margin of 7.12%. The company’s quarterly revenue was up 13.7% compared to the same quarter last year. During the same quarter last year, the company earned $0.70 EPS. On average, equities research analysts forecast that Burlington Stores Inc will post 6.35 EPS for the current fiscal year.
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Burlington Stores Profile
Burlington Stores, Inc operates as a retailer of branded apparel products in the United States. The company offers fashion-focused merchandise, including women's ready-to-wear apparel, accessories, footwear, menswear, youth apparel, coats, and gifts, as well as baby, home, and beauty products. As of February 3, 2018, it operated 629 stores, including an Internet store in 45 states and Puerto Rico.
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