Graphene Investments SAS Increases Position in Burlington Stores, Inc. (NYSE:BURL)

Graphene Investments SAS increased its position in shares of Burlington Stores, Inc. (NYSE:BURL - Free Report) by 14.8% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 12,400 shares of the company's stock after purchasing an additional 1,600 shares during the period. Burlington Stores accounts for 2.2% of Graphene Investments SAS's portfolio, making the stock its 13th largest holding. Graphene Investments SAS's holdings in Burlington Stores were worth $2,955,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. IFP Advisors Inc raised its position in shares of Burlington Stores by 81.6% during the fourth quarter. IFP Advisors Inc now owns 89 shares of the company's stock valued at $25,000 after buying an additional 40 shares during the last quarter. Metis Global Partners LLC grew its stake in Burlington Stores by 5.9% during the fourth quarter. Metis Global Partners LLC now owns 867 shares of the company's stock valued at $247,000 after acquiring an additional 48 shares in the last quarter. SRS Capital Advisors Inc. increased its holdings in Burlington Stores by 21.7% in the 4th quarter. SRS Capital Advisors Inc. now owns 269 shares of the company's stock valued at $77,000 after acquiring an additional 48 shares during the last quarter. EverSource Wealth Advisors LLC lifted its stake in Burlington Stores by 18.3% in the 4th quarter. EverSource Wealth Advisors LLC now owns 317 shares of the company's stock worth $90,000 after purchasing an additional 49 shares in the last quarter. Finally, Nissay Asset Management Corp Japan ADV boosted its holdings in shares of Burlington Stores by 0.6% during the 4th quarter. Nissay Asset Management Corp Japan ADV now owns 7,660 shares of the company's stock valued at $2,237,000 after purchasing an additional 49 shares during the last quarter.

Burlington Stores Trading Up 1.6%

BURL stock opened at $229.65 on Friday. Burlington Stores, Inc. has a twelve month low of $212.92 and a twelve month high of $298.89. The stock has a market capitalization of $14.49 billion, a price-to-earnings ratio of 28.18, a price-to-earnings-growth ratio of 1.61 and a beta of 1.65. The company has a quick ratio of 0.39, a current ratio of 1.06 and a debt-to-equity ratio of 1.21. The firm's fifty day simple moving average is $237.88 and its two-hundred day simple moving average is $253.09.

Burlington Stores (NYSE:BURL - Get Free Report) last released its quarterly earnings results on Thursday, May 29th. The company reported $1.60 EPS for the quarter, topping analysts' consensus estimates of $1.43 by $0.17. Burlington Stores had a net margin of 4.88% and a return on equity of 44.03%. The firm had revenue of $2.50 billion during the quarter, compared to analysts' expectations of $2.52 billion. During the same period in the previous year, the company earned $1.35 EPS. The firm's revenue for the quarter was up 6.0% compared to the same quarter last year. As a group, analysts anticipate that Burlington Stores, Inc. will post 7.93 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on BURL shares. Barclays lifted their target price on Burlington Stores from $254.00 to $299.00 and gave the stock an "overweight" rating in a report on Friday, May 30th. Citigroup cut their price target on Burlington Stores from $344.00 to $340.00 and set a "buy" rating for the company in a report on Friday, March 7th. Evercore ISI decreased their price objective on Burlington Stores from $345.00 to $310.00 and set an "outperform" rating on the stock in a report on Friday, May 30th. Wells Fargo & Company lowered their target price on Burlington Stores from $325.00 to $300.00 and set an "overweight" rating for the company in a research report on Wednesday, April 30th. Finally, JPMorgan Chase & Co. raised their target price on shares of Burlington Stores from $287.00 to $327.00 and gave the company an "overweight" rating in a report on Monday, May 19th. One equities research analyst has rated the stock with a hold rating and fourteen have issued 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 $317.43.

Insider Activity at Burlington Stores

In related news, COO Travis Marquette sold 190 shares of Burlington Stores stock in a transaction dated Monday, May 5th. The shares were sold at an average price of $237.63, for a total transaction of $45,149.70. Following the completion of the sale, the chief operating officer now owns 22,858 shares in the company, valued at $5,431,746.54. This trade represents a 0.82% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CAO Stephen Ferroni sold 450 shares of the firm's stock in a transaction that occurred on Thursday, June 5th. The stock was sold at an average price of $241.39, for a total transaction of $108,625.50. Following the transaction, the chief accounting officer now directly owns 2,389 shares in the company, valued at approximately $576,680.71. This trade represents a 15.85% decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.10% of the stock is owned by company 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.

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