Headlands Technologies LLC Invests $109,000 in Burlington Stores, Inc. (NYSE:BURL)

Headlands Technologies LLC bought a new stake in Burlington Stores, Inc. (NYSE:BURL) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 561 shares of the company’s stock, valued at approximately $109,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Pacer Advisors Inc. acquired a new position in Burlington Stores in the fourth quarter valued at $1,875,000. Louisiana State Employees Retirement System acquired a new position in Burlington Stores in the 4th quarter valued at about $3,540,000. State of Alaska Department of Revenue raised its stake in Burlington Stores by 77.8% during the 4th quarter. State of Alaska Department of Revenue now owns 16,481 shares of the company’s stock valued at $3,204,000 after acquiring an additional 7,210 shares during the last quarter. State of Michigan Retirement System acquired a new stake in Burlington Stores during the 4th quarter worth approximately $3,034,000. Finally, Nordea Investment Management AB grew its stake in shares of Burlington Stores by 7.1% in the 4th quarter. Nordea Investment Management AB now owns 4,382 shares of the company’s stock valued at $860,000 after purchasing an additional 289 shares during the last quarter.

Analyst Upgrades and Downgrades

Several research firms have recently commented on BURL. Evercore ISI upped their price target on Burlington Stores from $220.00 to $235.00 and gave the stock 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 target price for the stock from $155.00 to $240.00 in a research note on Wednesday, January 17th. Telsey Advisory Group reiterated an “outperform” rating and set a $250.00 price target (up from $225.00) on shares of Burlington Stores in a research note on Monday, March 4th. Finally, StockNews.com upgraded shares of Burlington Stores from a “hold” rating to a “buy” rating in a research report on Saturday, March 9th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $210.69.

Insiders Place Their Bets

In other Burlington Stores news, CMO Jennifer Vecchio sold 5,025 shares of the firm’s 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 completion of the transaction, the chief marketing officer now owns 61,115 shares of the company’s stock, valued at $13,765,542.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.91% of the stock is currently owned by company insiders.

Burlington Stores Stock Performance

NYSE BURL opened at $182.80 on Tuesday. The business has a 50 day moving average price of $205.62 and a 200 day moving average price of $182.66. The company has a market capitalization of $11.68 billion, a P/E ratio of 34.82, a PEG ratio of 1.07 and a beta of 1.49. Burlington Stores, Inc. has a 1-year low of $115.66 and a 1-year high of $232.69. The company has a debt-to-equity ratio of 1.40, a current ratio of 1.15 and a quick ratio of 0.61.

Burlington Stores (NYSE:BURL) last announced its quarterly earnings results on Thursday, March 7th. The company reported $3.30 earnings per share for the quarter, beating analysts’ consensus estimates of $3.28 by $0.02. Burlington Stores had a return on equity of 45.28% and a net margin of 3.49%. The business had revenue of $3.13 billion during the quarter, compared to analysts’ expectations of $3.07 billion. During the same quarter last year, the business posted $2.96 earnings per share. The business’s revenue for the quarter was up 13.9% on a year-over-year basis. Sell-side analysts expect that Burlington Stores, Inc. will post 7.41 EPS for the current fiscal 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.