Point72 Asset Management L.P. Sells 54,028 Shares of Burlington Stores, Inc. (NYSE:BURL)

Point72 Asset Management L.P. trimmed its stake in shares of Burlington Stores, Inc. (NYSE:BURL) by 51.3% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 51,262 shares of the company’s stock after selling 54,028 shares during the quarter. Point72 Asset Management L.P. owned about 0.08% of Burlington Stores worth $12,303,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Alberta Investment Management Corp lifted its position in Burlington Stores by 100.0% during the fourth quarter. Alberta Investment Management Corp now owns 3,200 shares of the company’s stock worth $622,000 after acquiring an additional 1,600 shares during the last quarter. Stephens Investment Management Group LLC boosted its stake in Burlington Stores by 3.7% in the 4th quarter. Stephens Investment Management Group LLC now owns 421,087 shares of the company’s stock valued at $81,893,000 after purchasing an additional 15,062 shares during the period. Capital International Investors grew its holdings in Burlington Stores by 1.1% in the 4th quarter. Capital International Investors now owns 7,283,220 shares of the company’s stock valued at $1,416,479,000 after buying an additional 78,958 shares in the last quarter. Crossmark Global Holdings Inc. bought a new position in Burlington Stores during the 4th quarter worth $862,000. Finally, 1832 Asset Management L.P. boosted its position in shares of Burlington Stores by 300.5% in the fourth quarter. 1832 Asset Management L.P. now owns 1,034,218 shares of the company’s stock valued at $201,135,000 after acquiring an additional 775,961 shares during the period.

Burlington Stores Stock Down 0.6 %

NYSE:BURL opened at $263.43 on Tuesday. Burlington Stores, Inc. has a one year low of $115.66 and a one year high of $282.49. The company has a debt-to-equity ratio of 1.15, a current ratio of 1.04 and a quick ratio of 0.48. The company has a market cap of $16.81 billion, a PE ratio of 44.13, a P/E/G ratio of 1.39 and a beta of 1.64. The firm’s 50 day simple moving average is $263.58 and its 200 day simple moving average is $232.09.

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

Analyst Upgrades and Downgrades

Several brokerages have weighed in on BURL. UBS Group lifted their price objective on shares of Burlington Stores from $212.00 to $238.00 and gave the stock a “neutral” rating in a research note on Monday, June 3rd. Bank of America lifted their price target on shares of Burlington Stores from $275.00 to $315.00 and gave the company a “buy” rating in a research report on Friday, August 30th. Morgan Stanley increased their price target on Burlington Stores from $284.00 to $300.00 and gave the stock an “overweight” rating in a research report on Friday, August 30th. Loop Capital lifted their price objective on Burlington Stores from $270.00 to $345.00 and gave the company a “buy” rating in a report on Friday, August 30th. Finally, Gordon Haskett upgraded Burlington Stores from a “hold” rating to a “buy” rating and set a $300.00 target price for the company in a research report on Monday, August 19th. One equities research analyst has rated the stock with a hold rating and sixteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $294.94.

Insiders Place Their Bets

In other news, Director Paul Sullivan sold 1,705 shares of the 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 completion of the sale, the director now directly owns 7,393 shares in the company, valued at $2,048,230.65. The transaction was disclosed in a filing with the SEC, which is available at this link. In other Burlington Stores news, CMO Jennifer Vecchio sold 494 shares of the business’s stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $255.37, for a total value of $126,152.78. Following the transaction, the chief marketing officer now directly owns 61,907 shares of the company’s stock, valued at $15,809,190.59. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Paul Sullivan sold 1,705 shares of the firm’s stock in a transaction that occurred on Thursday, September 19th. The stock was sold at an average price of $277.05, for a total transaction of $472,370.25. Following the sale, the director now directly owns 7,393 shares of the company’s stock, valued at approximately $2,048,230.65. The disclosure for this sale can be found here. Company insiders own 0.91% of the company’s stock.

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.