Duality Advisers LP Makes New Investment in Burlington Stores, Inc. (NYSE:BURL)

Duality Advisers LP purchased a new stake in Burlington Stores, Inc. (NYSE:BURL - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 4,538 shares of the company's stock, valued at approximately $883,000.

Several other hedge funds have also bought and sold shares of the business. Handelsbanken Fonder AB lifted its stake in Burlington Stores by 9.2% during the 4th quarter. Handelsbanken Fonder AB now owns 14,000 shares of the company's stock valued at $2,723,000 after acquiring an additional 1,174 shares in the last quarter. CWM LLC lifted its stake in Burlington Stores by 10.5% during the 4th quarter. CWM LLC now owns 1,346 shares of the company's stock valued at $262,000 after acquiring an additional 128 shares in the last quarter. Signaturefd LLC lifted its stake in Burlington Stores by 63.9% during the 4th quarter. Signaturefd LLC now owns 459 shares of the company's stock valued at $89,000 after acquiring an additional 179 shares in the last quarter. Lindbrook Capital LLC lifted its stake in Burlington Stores by 114.6% during the 4th quarter. Lindbrook Capital LLC now owns 176 shares of the company's stock valued at $34,000 after acquiring an additional 94 shares in the last quarter. Finally, abrdn plc lifted its stake in Burlington Stores by 102.1% during the 4th quarter. abrdn plc now owns 22,250 shares of the company's stock valued at $4,327,000 after acquiring an additional 11,241 shares in the last quarter.

Insider Transactions at Burlington Stores

In other news, CMO Jennifer Vecchio sold 5,025 shares of the stock in a transaction on Wednesday, March 20th. The stock was sold at an average price of $225.24, for a total value of $1,131,831.00. Following the sale, the chief marketing officer now directly owns 61,115 shares of the company's stock, valued at $13,765,542.60. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 0.91% of the company's stock.

Burlington Stores Trading Down 0.1 %

Shares of Burlington Stores stock traded down $0.21 during midday trading on Thursday, reaching $178.53. 788,102 shares of the company's stock traded hands, compared to its average volume of 898,396. The company has a debt-to-equity ratio of 1.40, a quick ratio of 0.61 and a current ratio of 1.15. The company has a market cap of $11.40 billion, a PE ratio of 34.01, a price-to-earnings-growth ratio of 1.05 and a beta of 1.49. The stock has a 50 day moving average of $206.46 and a 200-day moving average of $180.98. Burlington Stores, Inc. has a 12 month low of $115.66 and a 12 month high of $232.69.

Burlington Stores (NYSE:BURL - Get Free Report) last announced its earnings results on Thursday, March 7th. The company reported $3.30 EPS for the quarter, beating analysts' consensus estimates of $3.28 by $0.02. The company had revenue of $3.13 billion during the quarter, compared to the consensus estimate of $3.07 billion. Burlington Stores had a return on equity of 45.28% and a net margin of 3.49%. The firm's revenue for the quarter was up 13.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.96 earnings per share. As a group, equities analysts expect that Burlington Stores, Inc. will post 7.41 EPS for the current fiscal year.

Wall Street Analyst Weigh In

BURL has been the topic of a number of recent analyst reports. Piper Sandler upgraded Burlington Stores from a "neutral" rating to an "overweight" rating and lifted their target price for the stock from $155.00 to $240.00 in a research note on Wednesday, January 17th. StockNews.com raised Burlington Stores from a "hold" rating to a "buy" rating in a report on Saturday, March 9th. Evercore ISI lifted their price objective on Burlington Stores from $220.00 to $235.00 and gave the stock an "outperform" rating in a report on Friday, February 23rd. Finally, Telsey Advisory Group reissued an "outperform" rating and issued a $250.00 price objective (up previously from $225.00) on shares of Burlington Stores in a report on Monday, March 4th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and eight have issued a buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $210.69.

About Burlington Stores

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.