ExodusPoint Capital Management LP Buys 9,475 Shares of Burlington Stores, Inc. (NYSE:BURL)

ExodusPoint Capital Management LP increased its position in Burlington Stores, Inc. (NYSE:BURL) by 204.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 14,102 shares of the company’s stock after acquiring an additional 9,475 shares during the quarter. ExodusPoint Capital Management LP’s holdings in Burlington Stores were worth $4,020,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Geode Capital Management LLC increased its stake in shares of Burlington Stores by 0.8% in the fourth quarter. Geode Capital Management LLC now owns 1,083,852 shares of the company’s stock worth $308,403,000 after purchasing an additional 8,892 shares in the last quarter. Massachusetts Financial Services Co. MA increased its stake in Burlington Stores by 30.8% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 955,648 shares of the company’s stock worth $272,417,000 after buying an additional 225,124 shares in the last quarter. Norges Bank bought a new stake in Burlington Stores during the fourth quarter valued at about $227,268,000. American Century Companies Inc. lifted its position in shares of Burlington Stores by 17.1% in the fourth quarter. American Century Companies Inc. now owns 708,120 shares of the company’s stock valued at $201,857,000 after acquiring an additional 103,202 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership boosted its stake in shares of Burlington Stores by 38.6% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 506,170 shares of the company’s stock worth $144,289,000 after acquiring an additional 141,020 shares during the period.

Burlington Stores Stock Performance

NYSE:BURL opened at $230.52 on Monday. The firm has a market capitalization of $14.57 billion, a PE ratio of 31.58, a PEG ratio of 1.11 and a beta of 1.73. The stock’s fifty day moving average is $248.86 and its 200 day moving average is $265.23. Burlington Stores, Inc. has a fifty-two week low of $174.64 and a fifty-two week high of $298.89. The company has a debt-to-equity ratio of 1.35, a quick ratio of 0.54 and a current ratio of 1.17.

Burlington Stores (NYSE:BURL) last released its earnings results on Thursday, March 6th. The company reported $4.07 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.75 by $0.32. The firm had revenue of $3.28 billion during the quarter, compared to analyst estimates of $3.25 billion. Burlington Stores had a net margin of 4.49% and a return on equity of 47.52%. On average, sell-side analysts anticipate that Burlington Stores, Inc. will post 7.93 earnings per share for the current year.

Analysts Set New Price Targets

Several analysts recently issued reports on the company. Citigroup decreased their target price on Burlington Stores from $344.00 to $340.00 and set a “buy” rating on the stock in a research note on Friday, March 7th. TD Cowen lifted their price objective on shares of Burlington Stores from $334.00 to $339.00 and gave the company a “buy” rating in a research report on Thursday, December 12th. Barclays upped their target price on shares of Burlington Stores from $317.00 to $329.00 and gave the stock an “overweight” rating in a research report on Friday, March 7th. UBS Group lifted their price target on shares of Burlington Stores from $360.00 to $405.00 and gave the company a “buy” rating in a report on Friday, March 7th. Finally, Telsey Advisory Group reissued an “outperform” rating and set a $340.00 price objective on shares of Burlington Stores in a report on Thursday, March 6th. One equities research analyst has rated the stock with a hold rating and fifteen have given a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $323.20.

Insider Activity

In other Burlington Stores news, CMO Jennifer Vecchio sold 493 shares of the company’s stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $275.75, for a total value of $135,944.75. Following the transaction, the chief marketing officer now owns 58,944 shares of the company’s stock, valued at $16,253,808. This represents a 0.83 % 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.

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.