Geode Capital Management LLC Has $282.58 Million Holdings in Burlington Stores, Inc. (NYSE:BURL)

Geode Capital Management LLC boosted its stake in Burlington Stores, Inc. (NYSE:BURL) by 1.7% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,074,960 shares of the company’s stock after purchasing an additional 18,160 shares during the quarter. Geode Capital Management LLC’s holdings in Burlington Stores were worth $282,582,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in BURL. Crewe Advisors LLC bought a new stake in shares of Burlington Stores in the 2nd quarter valued at about $25,000. RPg Family Wealth Advisory LLC acquired a new position in Burlington Stores during the third quarter valued at approximately $26,000. Brooklyn Investment Group bought a new stake in Burlington Stores in the third quarter valued at approximately $33,000. ORG Partners LLC acquired a new stake in Burlington Stores in the second quarter worth $38,000. Finally, Blue Trust Inc. boosted its position in shares of Burlington Stores by 619.2% during the second quarter. Blue Trust Inc. now owns 187 shares of the company’s stock worth $43,000 after purchasing an additional 161 shares in the last quarter.

Burlington Stores Stock Up 0.0 %

NYSE:BURL opened at $289.97 on Friday. Burlington Stores, Inc. has a twelve month low of $174.64 and a twelve month high of $298.89. The firm has a market capitalization of $18.41 billion, a price-to-earnings ratio of 39.72, a price-to-earnings-growth ratio of 1.58 and a beta of 1.64. The company has a quick ratio of 0.54, a current ratio of 1.17 and a debt-to-equity ratio of 1.35. The stock’s 50 day moving average price is $267.64 and its two-hundred day moving average price is $257.77.

Burlington Stores (NYSE:BURL) last issued its earnings results on Tuesday, November 26th. The company reported $1.55 earnings per share for the quarter, topping analysts’ consensus estimates of $1.54 by $0.01. The business had revenue of $2.53 billion for the quarter, compared to the consensus estimate of $2.55 billion. Burlington Stores had a net margin of 4.49% and a return on equity of 47.52%. The firm’s revenue for the quarter was up 10.5% on a year-over-year basis. During the same period in the previous year, the company earned $0.98 earnings per share. Equities research analysts expect that Burlington Stores, Inc. will post 7.93 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several analysts recently commented on the company. Citigroup raised their price objective on Burlington Stores from $313.00 to $344.00 and gave the stock a “buy” rating in a research note on Wednesday, November 27th. Morgan Stanley raised their price target on Burlington Stores from $285.00 to $305.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 27th. TD Cowen boosted their price objective on Burlington Stores from $334.00 to $339.00 and gave the company a “buy” rating in a research report on Thursday. UBS Group raised their target price on shares of Burlington Stores from $270.00 to $280.00 and gave the stock a “neutral” rating in a report on Thursday, November 14th. Finally, The Goldman Sachs Group lifted their price target on shares of Burlington Stores from $278.00 to $310.00 and gave the company a “buy” rating in a research note on Friday, August 30th. Two equities research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $308.00.

Insider Activity

In other news, CMO Jennifer Vecchio sold 494 shares of the stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $293.89, for a total value of $145,181.66. Following the transaction, the chief marketing officer now directly owns 59,931 shares of the company’s stock, valued at $17,613,121.59. This represents a 0.82 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Paul Sullivan sold 1,705 shares of the firm’s stock in a transaction dated Thursday, September 19th. The stock was sold at an average price of $277.05, for a total transaction of $472,370.25. Following the sale, the director now owns 7,393 shares of the company’s stock, valued at approximately $2,048,230.65. This represents a 18.74 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 2,283 shares of company stock valued at $638,628. 0.91% of the stock is owned by company insiders.

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.