Virtu Financial LLC Invests $769,000 in Burlington Stores, Inc. (NYSE:BURL)

Key Points

• Virtu Financial LLC has invested approximately $769,000 in Burlington Stores, Inc., acquiring 3,226 shares of the company in Q1.
• Other institutional investors, including Golden State Wealth Management LLC and Fifth Third Bancorp, have significantly increased their holdings in Burlington Stores during the same period.
• Burlington Stores reported an EPS of $1.60, exceeding estimates, with revenues reaching $2.50 billion for the quarter, marking a 6.0% increase year-over-year.

Virtu Financial LLC bought a new stake in Burlington Stores, Inc. (NYSE:BURL - Free Report) in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 3,226 shares of the company's stock, valued at approximately $769,000.

A number of other institutional investors and hedge funds have also made changes to their positions in BURL. Vanguard Group Inc. increased its holdings in Burlington Stores by 3.4% in the first quarter. Vanguard Group Inc. now owns 6,603,257 shares of the company's stock valued at $1,573,754,000 after buying an additional 219,124 shares in the last quarter. Capital International Investors increased its holdings in Burlington Stores by 7.7% in the fourth quarter. Capital International Investors now owns 5,160,096 shares of the company's stock valued at $1,470,929,000 after buying an additional 367,703 shares in the last quarter. SRS Investment Management LLC increased its holdings in Burlington Stores by 10.8% in the fourth quarter. SRS Investment Management LLC now owns 1,270,421 shares of the company's stock valued at $362,146,000 after buying an additional 123,973 shares in the last quarter. Alyeska Investment Group L.P. increased its holdings in Burlington Stores by 23.1% in the fourth quarter. Alyeska Investment Group L.P. now owns 1,051,611 shares of the company's stock valued at $299,772,000 after buying an additional 197,187 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA increased its holdings in Burlington Stores by 0.6% in the first quarter. Massachusetts Financial Services Co. MA now owns 961,560 shares of the company's stock valued at $229,169,000 after buying an additional 5,912 shares in the last quarter.

Analyst Upgrades and Downgrades

BURL has been the subject of a number of research analyst reports. Wells Fargo & Company dropped their target price on shares of Burlington Stores from $325.00 to $300.00 and set an "overweight" rating for the company in a report on Wednesday, April 30th. Barclays increased their price target on shares of Burlington Stores from $254.00 to $299.00 and gave the company an "overweight" rating in a research report on Friday, May 30th. Morgan Stanley lowered their price target on shares of Burlington Stores from $297.00 to $269.00 and set an "overweight" rating on the stock in a research report on Tuesday, May 6th. The Goldman Sachs Group lowered their price target on shares of Burlington Stores from $317.00 to $316.00 and set a "buy" rating on the stock in a research report on Tuesday, July 22nd. Finally, JPMorgan Chase & Co. increased their price target on shares of Burlington Stores from $280.00 to $338.00 and gave the company an "overweight" rating in a research report on Monday, July 28th. One research analyst has rated the stock with a hold rating and fourteen have issued a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $317.57.

Insider Buying and Selling at Burlington Stores

In related news, CAO Stephen Ferroni sold 450 shares of Burlington Stores stock in a transaction on Thursday, June 5th. The shares were sold at an average price of $241.39, for a total transaction of $108,625.50. Following the sale, the chief accounting officer owned 2,389 shares of the company's stock, valued at $576,680.71. The trade was a 15.85% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CMO Jennifer Vecchio sold 420 shares of Burlington Stores stock in a transaction on Tuesday, July 1st. The stock was sold at an average price of $236.64, for a total transaction of $99,388.80. Following the sale, the chief marketing officer directly owned 65,429 shares in the company, valued at $15,483,118.56. This trade represents a 0.64% decrease in their position. The disclosure for this sale can be found here. Insiders own 1.10% of the company's stock.

Burlington Stores Trading Down 0.3%

Shares of BURL traded down $0.79 during mid-day trading on Friday, reaching $280.54. The company had a trading volume of 829,452 shares, compared to its average volume of 1,131,831. The stock has a market cap of $17.70 billion, a price-to-earnings ratio of 34.42, a price-to-earnings-growth ratio of 2.50 and a beta of 1.69. The firm has a fifty day simple moving average of $255.34 and a 200-day simple moving average of $247.59. Burlington Stores, Inc. has a fifty-two week low of $212.92 and a fifty-two week high of $298.89. The company has a current ratio of 1.06, a quick ratio of 0.39 and a debt-to-equity ratio of 1.21.

Burlington Stores (NYSE:BURL - Get Free Report) last issued its earnings results on Thursday, May 29th. The company reported $1.60 EPS for the quarter, beating 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 business had revenue of $2.50 billion for the quarter, compared to the consensus estimate of $2.52 billion. During the same quarter last year, the firm posted $1.35 EPS. The business's revenue for the quarter was up 6.0% compared to the same quarter last year. On average, sell-side analysts anticipate that Burlington Stores, Inc. will post 7.93 EPS for the current fiscal 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.