Davidson Kempner Capital Management Lp buys $41.6 Million stake in Burlington Stores Inc (BURL)

Burlington Stores Inc (BURL) : Davidson Kempner Capital Management Lp scooped up 524,272 additional shares in Burlington Stores Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 13, 2016. The investment management firm now holds a total of 800,000 shares of Burlington Stores Inc which is valued at $41.6 Million.Burlington Stores Inc makes up approximately 2.36% of Davidson Kempner Capital Management Lp’s portfolio.

Other Hedge Funds, Including , D.a. Davidson reduced its stake in BURL by selling 16 shares or 1.28% in the most recent quarter. The Hedge Fund company now holds 1,231 shares of BURL which is valued at $64,012. Fuller Thaler Asset Management sold out all of its stake in BURL during the most recent quarter. The investment firm sold 1,400 shares of BURL which is valued $72,800.Fortaleza Asset Management Inc boosted its stake in BURL in the latest quarter, The investment management firm added 1,055 additional shares and now holds a total of 4,880 shares of Burlington Stores Inc which is valued at $253,760. Burlington Stores Inc makes up approx 0.16% of Fortaleza Asset Management Inc’s portfolio.Ubs Asset Management Americas Inc boosted its stake in BURL in the latest quarter, The investment management firm added 132,305 additional shares and now holds a total of 194,939 shares of Burlington Stores Inc which is valued at $10.1 Million. Burlington Stores Inc makes up approx 0.01% of Ubs Asset Management Americas Inc’s portfolio.Quantitative Investment Management boosted its stake in BURL in the latest quarter, The investment management firm added 25,200 additional shares and now holds a total of 47,300 shares of Burlington Stores Inc which is valued at $2.6 Million. Burlington Stores Inc makes up approx 0.12% of Quantitative Investment Management’s portfolio.

Burlington Stores Inc opened for trading at $55.57 and hit $56.66 on the upside on Wednesday, eventually ending the session at $55.87, with a gain of 0.31% or 0.17 points. The heightened volatility saw the trading volume jump to 22,96,539 shares. Company has a market cap of $4,027 M.

On the company’s financial health, Burlington Stores Inc reported $1.49 EPS for the quarter, beating the analyst consensus estimate by $ 0.03 according to the earnings call on Mar 3, 2016. Analyst had a consensus of $1.46. The company had revenue of $1540.80 million for the quarter, compared to analysts expectations of $1540.58 million. The company’s revenue was up 3.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.43 EPS.

Many Wall Street Analysts have commented on Burlington Stores Inc. MKM Partners Initiated Burlington Stores Inc on Apr 5, 2016 to “Neutral”, Price Target of the shares are set at $57.Burlington Stores Inc was Downgraded by Citigroup to ” Neutral” on Mar 4, 2016. Company shares were Reiterated by Telsey Advisory Group on Mar 4, 2016 to “Outperform”, Firm has raised the Price Target to $ 65 from a previous price target of $62 .

Burlington Stores Inc. is a retailer of branded apparel. As of January 31 2015 the Company had 542 stores inclusive of an Internet store in 44 states of the United States and Puerto Rico. The Company’s offerings for women include dresses tops bottoms coats shoes suits and suit separates handbags intimates and sleepwear active wear sweaters swimwear and cover-ups jewelry and watches maternity beauty and fragrance and scrubs. The Company’s offerings for men include t-shirts suits and suit separates coats shoes pants button downs jeans shorts dress shirts polos hoodies and sweatshirts swim and active wear sports fan shop socks and underwear pajamas and robes grooming gadgets and gifts belts wallets and sweaters. The Company’s offerings for juniors include dresses tops bottoms shoes coats sweaters handbags sleepwear swimwear beauty and fragrance jewelry and watches.

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