GAMMA Investing LLC Increases Position in Burlington Stores, Inc. (NYSE:BURL)

GAMMA Investing LLC lifted its position in Burlington Stores, Inc. (NYSE:BURL - Free Report) by 23,496.5% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 214,020 shares of the company's stock after acquiring an additional 213,113 shares during the period. GAMMA Investing LLC owned approximately 0.34% of Burlington Stores worth $51,007,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of BURL. IFP Advisors Inc raised its position in shares of Burlington Stores by 81.6% in the 4th quarter. IFP Advisors Inc now owns 89 shares of the company's stock valued at $25,000 after acquiring an additional 40 shares during the period. Stonebridge Financial Group LLC acquired a new stake in Burlington Stores during the 4th quarter worth approximately $31,000. Farther Finance Advisors LLC raised its holdings in Burlington Stores by 104.5% during the 4th quarter. Farther Finance Advisors LLC now owns 135 shares of the company's stock worth $38,000 after buying an additional 69 shares during the period. Parkside Financial Bank & Trust raised its holdings in Burlington Stores by 157.1% during the 4th quarter. Parkside Financial Bank & Trust now owns 144 shares of the company's stock worth $41,000 after buying an additional 88 shares during the period. Finally, Smartleaf Asset Management LLC raised its holdings in Burlington Stores by 48.8% during the 4th quarter. Smartleaf Asset Management LLC now owns 186 shares of the company's stock worth $53,000 after buying an additional 61 shares during the period.

Insider Transactions at Burlington Stores

In other news, CMO Jennifer Vecchio sold 4,939 shares of the business's stock in a transaction dated 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 completion of 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 transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, COO Travis Marquette sold 190 shares of the 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 sale, the chief operating officer now directly owns 22,858 shares of the company's stock, valued at $5,431,746.54. The trade was 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.

Analyst Ratings Changes

Several brokerages have commented on BURL. Loop Capital dropped their target price on shares of Burlington Stores from $315.00 to $305.00 and set a "buy" rating on the stock in a report on Friday, May 30th. Evercore ISI dropped their target price on shares of Burlington Stores from $345.00 to $310.00 and set an "outperform" rating on the stock in a report on Friday, May 30th. Morgan Stanley dropped their target price on shares of Burlington Stores from $297.00 to $269.00 and set an "overweight" rating on the stock in a report on Tuesday, May 6th. UBS Group raised their target price on shares of Burlington Stores from $360.00 to $405.00 and gave the stock a "buy" rating in a report on Friday, March 7th. Finally, Barclays raised their target price on shares of Burlington Stores from $254.00 to $299.00 and gave the stock an "overweight" rating in a report on Friday, May 30th. One equities research analyst has rated the stock with a hold rating and fourteen have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $317.43.

Burlington Stores Stock Performance

Shares of BURL traded up $3.30 during midday trading on Friday, reaching $246.22. 859,838 shares of the stock were exchanged, compared to its average volume of 990,358. Burlington Stores, Inc. has a twelve month low of $212.92 and a twelve month high of $298.89. 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 stock's 50 day simple moving average is $238.89 and its 200 day simple moving average is $258.34. The company has a market cap of $15.53 billion, a P/E ratio of 33.73, a PEG ratio of 1.11 and a beta of 1.65.

Burlington Stores (NYSE:BURL - Get Free Report) last issued its quarterly earnings results on Thursday, May 29th. The company reported $1.60 earnings per share for the quarter, topping analysts' consensus estimates of $1.43 by $0.17. The company had revenue of $2.50 billion during the quarter, compared to the consensus estimate of $2.52 billion. Burlington Stores had a net margin of 4.49% and a return on equity of 47.52%. The firm's quarterly revenue was up 6.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.35 EPS. On average, sell-side analysts expect that Burlington Stores, Inc. will post 7.93 earnings per share for the current year.

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.