Ground Swell Capital LLC Invests $221,000 in Burlington Stores, Inc. (NYSE:BURL)

Ground Swell Capital LLC acquired a new stake in shares of Burlington Stores, Inc. (NYSE:BURL) in the second quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 921 shares of the company’s stock, valued at approximately $221,000.

A number of other large investors have also added to or reduced their stakes in the stock. Headlands Technologies LLC bought a new position in Burlington Stores in the 2nd quarter valued at approximately $665,000. Andra AP fonden lifted its holdings in shares of Burlington Stores by 42.9% during the second quarter. Andra AP fonden now owns 32,300 shares of the company’s stock valued at $7,752,000 after purchasing an additional 9,700 shares in the last quarter. Royal London Asset Management Ltd. boosted its position in shares of Burlington Stores by 1.0% during the second quarter. Royal London Asset Management Ltd. now owns 23,827 shares of the company’s stock valued at $5,718,000 after buying an additional 243 shares during the last quarter. LGT Fund Management Co Ltd. bought a new stake in shares of Burlington Stores in the second quarter worth approximately $357,000. Finally, Choreo LLC purchased a new position in shares of Burlington Stores during the second quarter valued at approximately $280,000.

Burlington Stores Trading Up 0.4 %

BURL stock opened at $264.06 on Wednesday. The firm has a fifty day moving average price of $255.86 and a 200 day moving average price of $226.19. Burlington Stores, Inc. has a fifty-two week low of $115.66 and a fifty-two week high of $282.49. The firm has a market cap of $16.81 billion, a PE ratio of 44.23, a price-to-earnings-growth ratio of 1.34 and a beta of 1.64. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.48 and a current ratio of 1.04.

Burlington Stores (NYSE:BURL) last announced its quarterly earnings data on Thursday, August 29th. The company reported $1.20 EPS for the quarter, beating the consensus estimate of $0.95 by $0.25. The company had revenue of $2.47 billion for the quarter, compared to the consensus estimate of $2.42 billion. Burlington Stores had a return on equity of 47.43% and a net margin of 4.18%. Burlington Stores’s quarterly revenue was up 13.4% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.60 EPS. Sell-side analysts anticipate that Burlington Stores, Inc. will post 7.87 earnings per share for the current fiscal year.

Insider Buying and Selling at Burlington Stores

In related news, CMO Jennifer Vecchio sold 494 shares of the stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $255.37, for a total value of $126,152.78. Following the transaction, the chief marketing officer now owns 61,907 shares of the company’s stock, valued at $15,809,190.59. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 0.91% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the stock. StockNews.com downgraded shares of Burlington Stores from a “buy” rating to a “hold” rating in a research report on Saturday. Evercore ISI upped their price objective on Burlington Stores from $300.00 to $315.00 and gave the company an “outperform” rating in a research report on Friday, August 30th. Gordon Haskett upgraded Burlington Stores from a “hold” rating to a “buy” rating and set a $300.00 price target for the company in a research note on Monday, August 19th. JPMorgan Chase & Co. increased their price objective on shares of Burlington Stores from $284.00 to $288.00 and gave the stock an “overweight” rating in a research note on Monday, July 22nd. Finally, UBS Group upped their price objective on Burlington Stores from $212.00 to $238.00 and gave the stock a “neutral” rating in a research note on Monday, June 3rd. Two analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $294.94.

Burlington Stores Company 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.