Aigen Investment Management LP Buys 1,922 Shares of Burlington Stores, Inc. (NYSE:BURL)

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

Other institutional investors and hedge funds have also recently modified their holdings of the company. CANADA LIFE ASSURANCE Co boosted its position in Burlington Stores by 7.4% during the 1st quarter. CANADA LIFE ASSURANCE Co now owns 56,326 shares of the company’s stock valued at $13,073,000 after acquiring an additional 3,867 shares in the last quarter. Tidal Investments LLC boosted its position in shares of Burlington Stores by 178.4% during the first quarter. Tidal Investments LLC now owns 6,163 shares of the company’s stock valued at $1,431,000 after purchasing an additional 3,949 shares in the last quarter. Cetera Investment Advisers purchased a new stake in Burlington Stores in the first quarter worth $2,851,000. Mitsubishi UFJ Trust & Banking Corp raised its holdings in Burlington Stores by 14.6% in the first quarter. Mitsubishi UFJ Trust & Banking Corp now owns 39,584 shares of the company’s stock worth $9,166,000 after purchasing an additional 5,032 shares in the last quarter. Finally, AMF Tjanstepension AB purchased a new position in Burlington Stores during the second quarter valued at $8,186,000.

Insider Activity

In other news, Director Paul Sullivan sold 1,705 shares of Burlington Stores stock in a transaction on Thursday, September 19th. The shares were sold at an average price of $277.05, for a total transaction of $472,370.25. Following the transaction, the director now owns 7,393 shares in the company, valued at $2,048,230.65. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 0.91% of the company’s stock.

Burlington Stores Stock Up 2.0 %

Shares of Burlington Stores stock opened at $263.43 on Wednesday. Burlington Stores, Inc. has a twelve month low of $125.38 and a twelve month high of $282.49. The company has a quick ratio of 0.48, a current ratio of 1.04 and a debt-to-equity ratio of 1.15. The company’s 50 day moving average is $260.52 and its 200 day moving average is $243.08. The company has a market cap of $16.77 billion, a price-to-earnings ratio of 39.61, a price-to-earnings-growth ratio of 1.34 and a beta of 1.64.

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

Analyst Ratings Changes

Several research analysts recently issued reports on BURL shares. TD Cowen increased their price target on shares of Burlington Stores from $279.00 to $288.00 and gave the stock a “buy” rating in a research note on Friday, August 30th. StockNews.com lowered shares of Burlington Stores from a “buy” rating to a “hold” rating in a report on Wednesday, October 23rd. Wells Fargo & Company upped their price target on Burlington Stores from $300.00 to $325.00 and gave the stock an “overweight” rating in a research note on Friday, August 23rd. Morgan Stanley lifted their price objective on Burlington Stores from $284.00 to $300.00 and gave the company an “overweight” rating in a research note on Friday, August 30th. Finally, Loop Capital increased their target price on Burlington Stores from $270.00 to $345.00 and gave the stock a “buy” rating in a research note on Friday, August 30th. Two research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $294.94.

About Burlington Stores

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.