Aigen Investment Management LP Has $954,000 Holdings in Burlington Stores, Inc. (NYSE:BURL)

Aigen Investment Management LP boosted its holdings in shares of Burlington Stores, Inc. (NYSE:BURL) by 113.1% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 3,622 shares of the company’s stock after purchasing an additional 1,922 shares during the period. Aigen Investment Management LP’s holdings in Burlington Stores were worth $954,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the business. Crewe Advisors LLC bought a new stake in Burlington Stores during the 2nd quarter worth approximately $25,000. ORG Partners LLC acquired a new stake in Burlington Stores in the 2nd quarter valued at $38,000. Blue Trust Inc. increased 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 acquiring an additional 161 shares in the last quarter. American National Bank bought a new stake in Burlington Stores during the 2nd quarter worth approximately $47,000. Finally, UMB Bank n.a. raised its position in Burlington Stores by 391.7% in the 3rd quarter. UMB Bank n.a. now owns 177 shares of the company’s stock valued at $47,000 after buying an additional 141 shares during the last quarter.

Insiders Place Their Bets

In other news, Director Paul Sullivan sold 1,705 shares of the stock in a transaction that occurred on Thursday, September 19th. The stock was sold at an average price of $277.05, for a total transaction of $472,370.25. Following the completion of the sale, the director now owns 7,393 shares of the company’s stock, valued at approximately $2,048,230.65. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 0.91% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have weighed in on BURL shares. Gordon Haskett raised Burlington Stores from a “hold” rating to a “buy” rating and set a $300.00 price objective on the stock in a research report on Monday, August 19th. Telsey Advisory Group reissued an “outperform” rating and set a $300.00 price objective on shares of Burlington Stores in a report on Thursday, August 29th. Morgan Stanley upped their price target on Burlington Stores from $284.00 to $300.00 and gave the company an “overweight” rating in a research report on Friday, August 30th. Bank of America raised their price objective on shares of Burlington Stores from $275.00 to $315.00 and gave the company a “buy” rating in a research report on Friday, August 30th. Finally, Evercore ISI upped their target price on shares of Burlington Stores from $300.00 to $315.00 and gave the stock an “outperform” rating in a report on Friday, August 30th. Two investment analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $294.94.

Burlington Stores Stock Up 2.0 %

Shares of NYSE BURL opened at $263.43 on Wednesday. The stock has a market capitalization of $16.77 billion, a P/E ratio of 39.61, a PEG ratio of 1.34 and a beta of 1.64. The company has a debt-to-equity ratio of 1.15, a current ratio of 1.04 and a quick ratio of 0.48. Burlington Stores, Inc. has a one year low of $125.38 and a one year high of $282.49. The firm’s 50 day simple moving average is $260.52 and its two-hundred day simple moving average is $243.08.

Burlington Stores (NYSE:BURL) last posted its quarterly earnings results on Thursday, August 29th. The company reported $1.20 earnings per share for the quarter, topping the consensus estimate of $0.95 by $0.25. The business had revenue of $2.47 billion during the quarter, compared to the consensus estimate of $2.42 billion. Burlington Stores had a net margin of 4.18% and a return on equity of 47.43%. The firm’s revenue for the quarter was up 13.4% on a year-over-year basis. During the same period in the previous year, the firm posted $0.60 earnings per share. As a group, analysts expect that Burlington Stores, Inc. will post 7.91 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.