Dynamic Technology Lab Private Ltd Has $1.85 Million Stock Holdings in Burlington Stores, Inc. (NYSE:BURL)

Dynamic Technology Lab Private Ltd boosted its stake in shares of Burlington Stores, Inc. (NYSE:BURL) by 175.5% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 6,504 shares of the company’s stock after buying an additional 4,143 shares during the period. Dynamic Technology Lab Private Ltd’s holdings in Burlington Stores were worth $1,854,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of BURL. Buckingham Capital Management Inc. increased its position in shares of Burlington Stores by 159.0% during the fourth quarter. Buckingham Capital Management Inc. now owns 17,419 shares of the company’s stock worth $4,965,000 after acquiring an additional 10,693 shares in the last quarter. Logan Capital Management Inc. boosted its stake in Burlington Stores by 9.1% in the 3rd quarter. Logan Capital Management Inc. now owns 56,354 shares of the company’s stock worth $14,848,000 after purchasing an additional 4,695 shares during the period. Allspring Global Investments Holdings LLC increased its holdings in Burlington Stores by 7.5% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 378,921 shares of the company’s stock worth $108,292,000 after purchasing an additional 26,412 shares in the last quarter. HB Wealth Management LLC acquired a new stake in shares of Burlington Stores in the 4th quarter valued at about $265,000. Finally, Principal Financial Group Inc. lifted its holdings in shares of Burlington Stores by 35.3% in the fourth quarter. Principal Financial Group Inc. now owns 227,020 shares of the company’s stock valued at $64,714,000 after purchasing an additional 59,173 shares in the last quarter.

Insider Transactions at Burlington Stores

In other news, CMO Jennifer Vecchio sold 493 shares of Burlington Stores stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $275.75, for a total transaction of $135,944.75. Following the completion of the sale, the chief marketing officer now owns 58,944 shares of the company’s stock, valued at approximately $16,253,808. This trade represents a 0.83 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.91% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the company. Citigroup decreased their price objective on Burlington Stores from $344.00 to $340.00 and set a “buy” rating for the company in a report on Friday, March 7th. Morgan Stanley boosted their price objective on shares of Burlington Stores from $296.00 to $297.00 and gave the stock an “overweight” rating in a research report on Friday, March 7th. Barclays raised their target price on shares of Burlington Stores from $317.00 to $329.00 and gave the company an “overweight” rating in a research report on Friday, March 7th. UBS Group boosted their price target on shares of Burlington Stores from $360.00 to $405.00 and gave the stock a “buy” rating in a research report on Friday, March 7th. Finally, Robert W. Baird upped their target price on Burlington Stores from $330.00 to $335.00 and gave the stock an “outperform” rating in a report on Friday, March 7th. One research analyst has rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $323.20.

Burlington Stores Trading Down 2.2 %

Shares of Burlington Stores stock opened at $230.52 on Friday. The company has a debt-to-equity ratio of 1.35, a current ratio of 1.17 and a quick ratio of 0.54. The business has a fifty day simple moving average of $248.86 and a two-hundred day simple moving average of $265.30. Burlington Stores, Inc. has a 1 year low of $174.64 and a 1 year high of $298.89. The company has a market capitalization of $14.57 billion, a price-to-earnings ratio of 31.58, a P/E/G ratio of 1.11 and a beta of 1.73.

Burlington Stores (NYSE:BURL) last posted its earnings results on Thursday, March 6th. The company reported $4.07 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.75 by $0.32. Burlington Stores had a net margin of 4.49% and a return on equity of 47.52%. The company had revenue of $3.28 billion during the quarter, compared to analysts’ expectations of $3.25 billion. Research analysts forecast that Burlington Stores, Inc. will post 7.93 EPS for the current 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.