OxFORD Asset Management LLP Acquires 12,885 Shares of Burlington Stores, Inc. (BURL)
OxFORD Asset Management LLP boosted its position in shares of Burlington Stores, Inc. (NYSE:BURL) by 113.6% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 24,223 shares of the company’s stock after acquiring an additional 12,885 shares during the period. OxFORD Asset Management LLP’s holdings in Burlington Stores were worth $2,322,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in BURL. Balyasny Asset Management LLC grew 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 acquiring an additional 777,645 shares during the last quarter. Voya Investment Management LLC boosted its position in Burlington Stores by 23.9% in the second quarter. Voya Investment Management LLC now owns 2,879,622 shares of the company’s stock valued at $264,896,000 after buying an additional 554,717 shares during the last quarter. Samlyn Capital LLC boosted its position in Burlington Stores by 89.1% in the second quarter. Samlyn Capital LLC now owns 968,713 shares of the company’s stock valued at $89,112,000 after buying an additional 456,305 shares during the last quarter. Prudential Financial Inc. boosted its position in Burlington Stores by 106.4% in the second quarter. Prudential Financial Inc. now owns 799,810 shares of the company’s stock valued at $73,575,000 after buying an additional 412,380 shares during the last quarter. Finally, Old Mutual Global Investors UK Ltd. lifted its holdings in Burlington Stores by 582.2% in the second quarter. Old Mutual Global Investors UK Ltd. now owns 483,077 shares of the company’s stock valued at $44,438,000 after acquiring an additional 412,262 shares during the period.
Several equities analysts recently issued reports on BURL shares. Cowen set a $132.00 target price on Burlington Stores and gave the stock a “buy” rating in a research note on Monday. Telsey Advisory Group increased their target price on Burlington Stores from $110.00 to $116.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 22nd. Royal Bank of Canada reissued a “buy” rating and set a $115.00 target price (up previously from $104.00) on shares of Burlington Stores in a research note on Wednesday, November 22nd. SunTrust Banks increased their price target on Burlington Stores from $109.00 to $117.00 and gave the company a “buy” rating in a research report on Wednesday, November 22nd. Finally, Morgan Stanley increased their price target on Burlington Stores from $107.00 to $116.00 and gave the company an “overweight” rating in a research report on Wednesday, November 22nd. Three investment analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. Burlington Stores currently has a consensus rating of “Buy” and a consensus price target of $110.49.
Shares of Burlington Stores, Inc. (NYSE:BURL) opened at $109.62 on Wednesday. The company has a quick ratio of 0.22, a current ratio of 1.02 and a debt-to-equity ratio of -11.71. The company has a market capitalization of $7,653.32, a P/E ratio of 28.53, a PEG ratio of 1.50 and a beta of 0.56. Burlington Stores, Inc. has a 1-year low of $79.07 and a 1-year high of $114.99.
Burlington Stores (NYSE:BURL) last posted its quarterly earnings results on Tuesday, November 21st. The company reported $0.70 EPS for the quarter, beating the consensus estimate of $0.65 by $0.05. The business had revenue of $1.44 billion during the quarter, compared to analysts’ expectations of $1.44 billion. Burlington Stores had a negative return on equity of 374.86% and a net margin of 4.61%. The company’s quarterly revenue was up 7.1% compared to the same quarter last year. During the same period last year, the firm earned $0.51 EPS. sell-side analysts anticipate that Burlington Stores, Inc. will post 4.27 earnings per share for the current fiscal year.
Burlington Stores declared that its Board of Directors has initiated a stock repurchase program on Thursday, August 24th that permits the company to buyback $300.00 million in shares. This buyback authorization permits the company to purchase shares of its stock through open market purchases. Shares buyback programs are typically an indication that the company’s board believes its stock is undervalued.
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Burlington Stores Company Profile
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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