Geneva Capital Management LLC Boosts Holdings in Burlington Stores, Inc. (NYSE:BURL)

Geneva Capital Management LLC boosted its position in shares of Burlington Stores, Inc. (NYSE:BURL) by 0.4% during the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 114,485 shares of the company’s stock after purchasing an additional 411 shares during the quarter. Geneva Capital Management LLC owned about 0.18% of Burlington Stores worth $26,582,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Lindbrook Capital LLC raised its position in 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 buying an additional 94 shares during the last quarter. Rise Advisors LLC purchased a new position in shares of Burlington Stores during the first quarter valued at approximately $40,000. GAMMA Investing LLC bought a new position in Burlington Stores during the fourth quarter valued at approximately $41,000. Mather Group LLC. bought a new stake in Burlington Stores in the 1st quarter worth approximately $48,000. Finally, Fifth Third Bancorp purchased a new stake in Burlington Stores during the 4th quarter valued at $50,000.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the stock. TD Cowen raised their price objective on shares of Burlington Stores from $209.00 to $257.00 and gave the stock a “hold” rating in a report on Friday, May 31st. Barclays upped their price objective on Burlington Stores from $252.00 to $274.00 and gave the stock an “overweight” rating in a research note on Friday, May 31st. Robert W. Baird lifted their target price on Burlington Stores from $260.00 to $275.00 and gave the company an “outperform” rating in a research report on Friday, May 31st. Bank of America raised their price objective on Burlington Stores from $250.00 to $275.00 and gave the stock a “buy” rating in a research note on Friday, May 31st. Finally, Wells Fargo & Company boosted their price objective on Burlington Stores from $240.00 to $275.00 and gave the company an “overweight” rating in a research note on Friday, May 31st. Three investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $246.87.

Burlington Stores Stock Up 4.3 %

NYSE BURL traded up $10.34 during trading on Thursday, reaching $252.65. 958,578 shares of the company’s stock traded hands, compared to its average volume of 954,792. Burlington Stores, Inc. has a 12-month low of $115.66 and a 12-month high of $252.73. The company has a debt-to-equity ratio of 1.20, a current ratio of 1.07 and a quick ratio of 0.52. The firm has a market cap of $16.13 billion, a price-to-earnings ratio of 42.32, a price-to-earnings-growth ratio of 1.27 and a beta of 1.61. The company’s 50 day simple moving average is $218.01 and its two-hundred day simple moving average is $206.49.

Burlington Stores (NYSE:BURL) last announced its quarterly earnings results on Thursday, May 30th. The company reported $1.42 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.04 by $0.38. The business had revenue of $2.36 billion for the quarter, compared to the consensus estimate of $2.34 billion. Burlington Stores had a return on equity of 46.39% and a net margin of 3.87%. The business’s revenue was up 10.7% compared to the same quarter last year. During the same period last year, the business posted $0.84 EPS. As a group, sell-side analysts forecast that Burlington Stores, Inc. will post 7.6 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.