Benchstone Capital Management LP Purchases New Shares in Burlington Stores, Inc. (NYSE:BURL)

Benchstone Capital Management LP bought a new position in shares of Burlington Stores, Inc. (NYSE:BURL - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 117,323 shares of the company's stock, valued at approximately $33,444,000. Burlington Stores accounts for about 3.5% of Benchstone Capital Management LP's portfolio, making the stock its 11th largest position. Benchstone Capital Management LP owned approximately 0.18% of Burlington Stores as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently added to or reduced their stakes in the business. Norges Bank purchased a new position in shares of Burlington Stores during the 4th quarter valued at about $227,268,000. Capital International Investors boosted its stake in shares of Burlington Stores by 7.7% in the 4th quarter. Capital International Investors now owns 5,160,096 shares of the company's stock valued at $1,470,929,000 after purchasing an additional 367,703 shares in the last quarter. Massachusetts Financial Services Co. MA grew its holdings in shares of Burlington Stores by 30.8% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 955,648 shares of the company's stock valued at $272,417,000 after purchasing an additional 225,124 shares during the last quarter. Alyeska Investment Group L.P. raised its position in Burlington Stores by 23.1% in the 4th quarter. Alyeska Investment Group L.P. now owns 1,051,611 shares of the company's stock worth $299,772,000 after purchasing an additional 197,187 shares during the period. Finally, Anomaly Capital Management LP raised its position in Burlington Stores by 21.9% in the 4th quarter. Anomaly Capital Management LP now owns 961,281 shares of the company's stock worth $274,023,000 after purchasing an additional 172,431 shares during the period.

Burlington Stores Stock Up 3.4 %

NYSE:BURL traded up $7.99 during mid-day trading on Wednesday, hitting $245.05. 1,172,197 shares of the company's stock were exchanged, compared to its average volume of 992,323. Burlington Stores, Inc. has a one year low of $181.87 and a one year high of $298.89. The business has a fifty day moving average price of $234.63 and a 200 day moving average price of $259.77. The company has a market cap of $15.44 billion, a PE ratio of 33.57, a P/E/G ratio of 1.11 and a beta of 1.70. The company has a debt-to-equity ratio of 1.35, a current ratio of 1.17 and a quick ratio of 0.54.

Burlington Stores (NYSE:BURL - Get Free Report) last posted its quarterly earnings data on Thursday, March 6th. The company reported $4.07 earnings per share for the quarter, beating analysts' consensus estimates of $3.75 by $0.32. Burlington Stores had a return on equity of 47.52% and a net margin of 4.49%. The company had revenue of $3.28 billion during the quarter, compared to analyst estimates of $3.25 billion. Equities analysts predict that Burlington Stores, Inc. will post 7.93 EPS for the current year.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on BURL. Robert W. Baird raised their price objective on Burlington Stores from $330.00 to $335.00 and gave the company an "outperform" rating in a research note on Friday, March 7th. Barclays raised their price target on Burlington Stores from $317.00 to $329.00 and gave the stock an "overweight" rating in a research report on Friday, March 7th. Telsey Advisory Group reiterated an "outperform" rating and issued a $340.00 price objective on shares of Burlington Stores in a research report on Thursday, March 6th. Wells Fargo & Company dropped their price objective on Burlington Stores from $325.00 to $300.00 and set an "overweight" rating for the company in a research note on Wednesday, April 30th. Finally, Citigroup lowered their price target on shares of Burlington Stores from $344.00 to $340.00 and set a "buy" rating for the company in a report on Friday, March 7th. One research analyst has rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $319.60.

Insider Buying and Selling at Burlington Stores

In other news, CMO Jennifer Vecchio sold 4,939 shares of Burlington Stores stock in a transaction on Thursday, March 20th. The shares were sold at an average price of $239.94, for a total transaction of $1,185,063.66. Following the transaction, the chief marketing officer now owns 70,006 shares in the company, valued at $16,797,239.64. This trade represents a 6.59 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, COO Travis Marquette sold 190 shares of the business's stock in a transaction that occurred on Monday, May 5th. The shares were sold at an average price of $237.63, for a total value of $45,149.70. Following the transaction, the chief operating officer now owns 22,858 shares of the company's stock, valued at approximately $5,431,746.54. This trade represents a 0.82 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.10% of the stock is owned by corporate insiders.

Burlington Stores 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.