BLI Banque de Luxembourg Investments Buys Shares of 49,500 Burlington Stores, Inc. (NYSE:BURL)

BLI Banque de Luxembourg Investments acquired a new stake in Burlington Stores, Inc. (NYSE:BURL - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 49,500 shares of the company's stock, valued at approximately $14,091,000. BLI Banque de Luxembourg Investments owned approximately 0.08% of Burlington Stores at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in BURL. Alyeska Investment Group L.P. raised its position in shares of 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 acquiring an additional 197,187 shares in the last quarter. AXA S.A. raised its holdings in Burlington Stores by 96.2% in the fourth quarter. AXA S.A. now owns 8,529 shares of the company's stock worth $2,431,000 after purchasing an additional 4,182 shares in the last quarter. Itau Unibanco Holding S.A. lifted its position in shares of Burlington Stores by 27.4% during the fourth quarter. Itau Unibanco Holding S.A. now owns 15,128 shares of the company's stock valued at $4,312,000 after buying an additional 3,258 shares during the last quarter. Utah Retirement Systems boosted its holdings in shares of Burlington Stores by 1.0% in the 4th quarter. Utah Retirement Systems now owns 10,565 shares of the company's stock valued at $3,012,000 after buying an additional 100 shares in the last quarter. Finally, Candlestick Capital Management LP grew its position in shares of Burlington Stores by 7.6% in the 4th quarter. Candlestick Capital Management LP now owns 362,575 shares of the company's stock worth $103,356,000 after buying an additional 25,460 shares during the last quarter.

Insider Transactions at Burlington Stores

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

Analyst Upgrades and Downgrades

BURL has been the subject of several recent analyst reports. Robert W. Baird raised their target price on shares of Burlington Stores from $330.00 to $335.00 and gave the company an "outperform" rating in a research note on Friday, March 7th. Morgan Stanley dropped their target price on Burlington Stores from $297.00 to $269.00 and set an "overweight" rating on the stock in a research note on Tuesday. JPMorgan Chase & Co. decreased their price target on Burlington Stores from $336.00 to $287.00 and set an "overweight" rating for the company in a research note on Monday, April 14th. UBS Group boosted their price target on Burlington Stores from $360.00 to $405.00 and gave the stock a "buy" rating in a research note on Friday, March 7th. Finally, Barclays increased their price objective on shares of Burlington Stores from $317.00 to $329.00 and gave the company an "overweight" rating in a research 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 company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $319.60.

Burlington Stores Stock Performance

Shares of NYSE BURL traded up $7.99 during midday trading on Wednesday, reaching $245.05. 1,172,197 shares of the stock were exchanged, compared to its average volume of 992,323. The company has a quick ratio of 0.54, a current ratio of 1.17 and a debt-to-equity ratio of 1.35. The firm has a market cap of $15.44 billion, a price-to-earnings ratio of 33.57, a PEG ratio of 1.11 and a beta of 1.70. The firm has a 50-day simple moving average of $234.63 and a two-hundred day simple moving average of $259.77. Burlington Stores, Inc. has a twelve month low of $181.87 and a twelve month high of $298.89.

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

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.