Los Angeles Capital Management LLC Invests $16.96 Million in Burlington Stores, Inc. (NYSE:BURL)

Los Angeles Capital Management LLC acquired a new position in Burlington Stores, Inc. (NYSE:BURL - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 87,188 shares of the company's stock, valued at approximately $16,956,000. Los Angeles Capital Management LLC owned 0.14% of Burlington Stores at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Lindbrook Capital LLC lifted its holdings in shares of Burlington Stores by 114.6% in the 4th quarter. Lindbrook Capital LLC now owns 176 shares of the company's stock worth $34,000 after purchasing an additional 94 shares during the last quarter. GAMMA Investing LLC bought a new stake in Burlington Stores in the fourth quarter valued at $41,000. Fifth Third Bancorp acquired a new position in shares of Burlington Stores during the fourth quarter valued at $50,000. Homestead Advisers Corp bought a new position in shares of Burlington Stores during the third quarter worth about $53,000. Finally, Operose Advisors LLC acquired a new stake in shares of Burlington Stores in the 3rd quarter worth about $84,000.

Insider Activity

In other news, CMO Jennifer Vecchio sold 5,025 shares of Burlington Stores stock in a transaction on Wednesday, March 20th. The stock was sold at an average price of $225.24, for a total transaction of $1,131,831.00. Following the transaction, the chief marketing officer now owns 61,115 shares in the company, valued at $13,765,542.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.91% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on BURL shares. Evercore ISI boosted their target price on shares of Burlington Stores from $220.00 to $235.00 and gave the company an "outperform" rating in a research note on Friday, February 23rd. Piper Sandler upgraded shares of Burlington Stores from a "neutral" rating to an "overweight" rating and raised their price objective for the company from $155.00 to $240.00 in a research note on Wednesday, January 17th. UBS Group upgraded Burlington Stores from a "sell" rating to a "neutral" rating and upped their target price for the stock from $126.00 to $212.00 in a research report on Thursday. StockNews.com upgraded Burlington Stores from a "hold" rating to a "buy" rating in a research report on Saturday, March 9th. Finally, Telsey Advisory Group restated 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. Three research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $216.06.

Burlington Stores Trading Up 0.7 %

BURL traded up $1.37 during trading on Friday, reaching $185.68. The company had a trading volume of 648,616 shares, compared to its average volume of 1,017,087. The firm's 50-day simple moving average is $204.39 and its 200 day simple moving average is $183.92. 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 $11.86 billion, a price-to-earnings ratio of 35.37, a PEG ratio of 1.07 and a beta of 1.54. 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 released its earnings results on Thursday, March 7th. The company reported $3.30 earnings per share for the quarter, topping the consensus estimate of $3.28 by $0.02. The business had revenue of $3.13 billion for the quarter, compared to the consensus estimate of $3.07 billion. Burlington Stores had a net margin of 3.49% and a return on equity of 45.28%. The firm's quarterly revenue was up 13.9% compared to the same quarter last year. During the same period last year, the firm posted $2.96 earnings per share. Equities research analysts anticipate that Burlington Stores, Inc. will post 7.41 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.