225,000 Shares in Burlington Stores, Inc. (BURL) Acquired by Davidson Kempner Capital Management LP

Davidson Kempner Capital Management LP bought a new stake in Burlington Stores, Inc. (NYSE:BURL) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 225,000 shares of the company’s stock, valued at approximately $21,479,000. Davidson Kempner Capital Management LP owned 0.33% of Burlington Stores at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of BURL. Raymond James Trust N.A. boosted its stake in shares of Burlington Stores by 1.1% during the 2nd quarter. Raymond James Trust N.A. now owns 3,808 shares of the company’s stock worth $350,000 after acquiring an additional 40 shares in the last quarter. Teacher Retirement System of Texas boosted its position in shares of Burlington Stores by 0.7% in the second quarter. Teacher Retirement System of Texas now owns 5,619 shares of the company’s stock worth $517,000 after buying an additional 41 shares during the period. Advisor Group Inc. boosted its position in shares of Burlington Stores by 9.2% in the second quarter. Advisor Group Inc. now owns 1,520 shares of the company’s stock worth $139,000 after buying an additional 128 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Burlington Stores by 6.6% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,081 shares of the company’s stock worth $283,000 after buying an additional 191 shares during the period. Finally, The Manufacturers Life Insurance Company boosted its position in shares of Burlington Stores by 10.3% in the second quarter. The Manufacturers Life Insurance Company now owns 2,257 shares of the company’s stock worth $208,000 after buying an additional 210 shares during the period.

Burlington Stores, Inc. (NYSE BURL) opened at $112.89 on Monday. Burlington Stores, Inc. has a 1-year low of $79.07 and a 1-year high of $114.99. The company has a current ratio of 1.02, a quick ratio of 0.22 and a debt-to-equity ratio of -11.71. The firm has a market capitalization of $7,704.50, a PE ratio of 28.73, a price-to-earnings-growth ratio of 1.51 and a beta of 0.56.

Burlington Stores (NYSE:BURL) last posted its earnings results on Tuesday, November 21st. The company reported $0.70 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.65 by $0.05. Burlington Stores had a negative return on equity of 374.86% and a net margin of 4.61%. The company had revenue of $1.44 billion for the quarter, compared to analyst estimates of $1.44 billion. During the same period last year, the company earned $0.51 earnings per share. The business’s revenue was up 7.1% compared to the same quarter last year. equities research analysts anticipate that Burlington Stores, Inc. will post 4.27 EPS for the current year.

Burlington Stores declared that its board has approved a share repurchase program on Thursday, August 24th that allows the company to repurchase $300.00 million in outstanding shares. This repurchase authorization allows the company to purchase shares of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s board believes its stock is undervalued.

Several analysts have recently commented on the company. Cowen reaffirmed a “buy” rating and issued a $115.00 target price on shares of Burlington Stores in a research report on Tuesday, November 21st. Telsey Advisory Group raised their target price on Burlington Stores from $110.00 to $116.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 22nd. Zacks Investment Research cut Burlington Stores from a “buy” rating to a “hold” rating in a research report on Tuesday, November 14th. BidaskClub raised Burlington Stores from a “sell” rating to a “hold” rating in a research report on Friday, November 3rd. Finally, Royal Bank Of Canada reissued a “buy” rating and set a $115.00 price objective (up previously from $104.00) on shares of Burlington Stores in a research report on Wednesday, November 22nd. Three research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. Burlington Stores has an average rating of “Buy” and an average target price of $109.49.

In other news, EVP Joyce Manning Magrini sold 2,400 shares of Burlington Stores stock in a transaction dated Friday, December 1st. The stock was sold at an average price of $107.75, for a total value of $258,600.00. Following the transaction, the executive vice president now directly owns 45,014 shares in the company, valued at $4,850,258.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Thomas Kingsbury sold 20,000 shares of Burlington Stores stock in a transaction dated Friday, November 10th. The stock was sold at an average price of $98.51, for a total value of $1,970,200.00. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 67,701 shares of company stock worth $6,632,690. Corporate insiders own 2.60% of the company’s stock.

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About Burlington Stores

Burlington Stores, Inc is a retailer of branded apparel. As of January 28, 2017, the Company operated 592 retail stores, inclusive of an Internet store, in 45 states and Puerto Rico. Its product categories include coats, women, men, juniors, girls, boys, shoes, handbags and accessories, beauty and fragrance, home and toys.

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Institutional Ownership by Quarter for Burlington Stores (NYSE:BURL)

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