Jupiter Topco LLC bought a new stake in shares of Burlington Stores, Inc. (NYSE:BURL – Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 894,021 shares of the company’s stock, valued at approximately $283,228,000. Jupiter Topco LLC owned 1.42% of Burlington Stores as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds have also bought and sold shares of BURL. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of Burlington Stores by 14.4% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 302 shares of the company’s stock worth $72,000 after acquiring an additional 38 shares in the last quarter. Jones Financial Companies Lllp increased its holdings in Burlington Stores by 1,604.7% in the first quarter. Jones Financial Companies Lllp now owns 1,449 shares of the company’s stock worth $345,000 after purchasing an additional 1,364 shares in the last quarter. EverSource Wealth Advisors LLC lifted its stake in Burlington Stores by 91.8% in the second quarter. EverSource Wealth Advisors LLC now owns 698 shares of the company’s stock valued at $162,000 after buying an additional 334 shares during the period. Daiwa Securities Group Inc. boosted its holdings in shares of Burlington Stores by 12.4% during the 2nd quarter. Daiwa Securities Group Inc. now owns 7,459 shares of the company’s stock worth $1,735,000 after buying an additional 821 shares in the last quarter. Finally, AXA S.A. grew its position in shares of Burlington Stores by 1,033.2% during the 2nd quarter. AXA S.A. now owns 10,754 shares of the company’s stock worth $2,502,000 after buying an additional 9,805 shares during the period.
Burlington Stores Stock Performance
BURL stock opened at $316.17 on Wednesday. The company has a quick ratio of 0.49, a current ratio of 1.16 and a debt-to-equity ratio of 1.03. The firm has a market cap of $19.90 billion, a PE ratio of 32.49, a P/E/G ratio of 1.70 and a beta of 1.44. The business has a 50 day moving average of $341.56 and a 200-day moving average of $325.28. Burlington Stores, Inc. has a 12-month low of $240.49 and a 12-month high of $378.33.
Analyst Upgrades and Downgrades
A number of research firms recently issued reports on BURL. Citigroup downgraded shares of Burlington Stores from a “buy” rating to a “neutral” rating and set a $380.00 target price on the stock. in a research report on Wednesday, August 5th. Weiss Ratings downgraded Burlington Stores from a “buy (b)” rating to a “buy (b-)” rating in a research note on Thursday, July 23rd. Morgan Stanley reaffirmed an “overweight” rating on shares of Burlington Stores in a research note on Thursday, August 6th. Barclays increased their price target on Burlington Stores from $365.00 to $411.00 and gave the stock an “overweight” rating in a report on Tuesday, May 26th. Finally, Jefferies Financial Group upped their target price on Burlington Stores from $365.00 to $410.00 and gave the stock a “buy” rating in a research report on Friday, August 14th. Thirteen investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $371.50.
Check Out Our Latest Stock Report on BURL
Insider Transactions at Burlington Stores
In related news, CMO Jennifer Vecchio sold 1,678 shares of the business’s stock in a transaction dated Monday, August 3rd. The shares were sold at an average price of $369.04, for a total value of $619,249.12. Following the transaction, the chief marketing officer directly owned 77,661 shares of the company’s stock, valued at approximately $28,660,015.44. The trade was a 2.11% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Stephen Ferroni sold 2,343 shares of the stock in a transaction dated Thursday, June 11th. The shares were sold at an average price of $337.22, for a total transaction of $790,106.46. Following the transaction, the chief accounting officer owned 1,391 shares of the company’s stock, valued at approximately $469,073.02. The trade was a 62.75% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 30,392 shares of company stock worth $10,280,271 in the last ninety days. Company insiders own 1.30% of the company’s stock.
About Burlington Stores
Burlington Stores, Inc is an American off-price retailer that sells apparel and home goods at discounted prices. The company’s merchandise assortment includes clothing for women, men and children, plus baby products, footwear, accessories, beauty items, toys and home décor. Burlington’s merchandising strategy focuses on offering branded and private-label goods at lower prices than traditional department stores by sourcing excess inventory, closeouts and opportunistic buys from manufacturers and other retailers.
The business traces its roots to the Burlington Coat Factory name established in the early 1970s and has since evolved into a broader off-price retailer that carries a wide range of seasonal and everyday merchandise.
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