GLG Partners LP acquired a new position in shares of Burlington Stores, Inc. (NYSE:BURL) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 76,505 shares of the company’s stock, valued at approximately $7,037,000. GLG Partners LP owned 0.11% of Burlington Stores at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the company. Tudor Investment Corp ET AL acquired a new stake in shares of Burlington Stores during the second quarter worth $1,793,000. Balyasny Asset Management LLC lifted its stake in shares of Burlington Stores by 123.3% during the second quarter. Balyasny Asset Management LLC now owns 1,408,518 shares of the company’s stock worth $129,570,000 after buying an additional 777,645 shares during the period. Numeric Investors LLC acquired a new stake in shares of Burlington Stores during the second quarter worth $331,000. Voya Investment Management LLC lifted its stake in shares of Burlington Stores by 23.9% during the second quarter. Voya Investment Management LLC now owns 2,879,622 shares of the company’s stock worth $264,896,000 after buying an additional 554,717 shares during the period. Finally, Mckinley Capital Management LLC Delaware acquired a new stake in shares of Burlington Stores during the second quarter worth $11,417,000.

In related news, insider Joyce Manning Magrini sold 3,333 shares of the firm’s stock in a transaction dated Monday, July 3rd. The shares were sold at an average price of $93.05, for a total value of $310,135.65. Following the completion of the sale, the insider now owns 56,882 shares in the company, valued at $5,292,870.10. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Fred Hand sold 8,000 shares of the firm’s stock in a transaction dated Monday, September 11th. The shares were sold at an average price of $87.80, for a total transaction of $702,400.00. Following the completion of the sale, the insider now owns 76,309 shares of the company’s stock, valued at approximately $6,699,930.20. The disclosure for this sale can be found here. Insiders sold a total of 89,790 shares of company stock valued at $7,830,494 in the last 90 days. Company insiders own 2.60% of the company’s stock.

Several equities research analysts have recently commented on BURL shares. Deutsche Bank AG started coverage on shares of Burlington Stores in a research note on Thursday, September 14th. They set a “buy” rating and a $108.00 price objective for the company. TheStreet downgraded shares of Burlington Stores from a “b-” rating to a “c+” rating in a research note on Friday, June 23rd. Cowen and Company reiterated an “outperform” rating and set a $110.00 price objective on shares of Burlington Stores in a research note on Friday, June 23rd. BidaskClub downgraded shares of Burlington Stores from a “buy” rating to a “hold” rating in a research note on Thursday, June 15th. Finally, BMO Capital Markets set a $115.00 price objective on shares of Burlington Stores and gave the stock a “buy” rating in a research note on Thursday, June 8th. Three analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. Burlington Stores presently has a consensus rating of “Buy” and an average target price of $105.75.

Burlington Stores, Inc. (NYSE BURL) traded up 0.48% on Friday, reaching $95.46. 1,638,465 shares of the company’s stock were exchanged. The firm has a 50-day moving average price of $86.55 and a 200-day moving average price of $92.38. Burlington Stores, Inc. has a 1-year low of $68.94 and a 1-year high of $104.07. The company has a market capitalization of $6.50 billion, a P/E ratio of 26.37 and a beta of 0.51.

Burlington Stores (NYSE:BURL) last released its earnings results on Thursday, August 24th. The company reported $0.72 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.50 by $0.22. Burlington Stores had a net margin of 4.46% and a negative return on equity of 330.30%. The company had revenue of $1.36 billion during the quarter, compared to analysts’ expectations of $1.35 billion. During the same quarter last year, the business earned $0.39 EPS. The business’s revenue was up 8.6% on a year-over-year basis. Equities research analysts expect that Burlington Stores, Inc. will post $4.20 earnings per share for the current year.

Burlington Stores announced that its Board of Directors has approved a stock buyback plan on Thursday, August 24th that authorizes the company to repurchase $300.00 million in shares. This repurchase authorization authorizes the company to reacquire shares of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s leadership believes its shares are undervalued.

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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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