J. Goldman & Co LP Takes $3.46 Million Position in Burlington Stores, Inc. (NYSE:BURL)

J. Goldman & Co LP acquired a new stake in shares of Burlington Stores, Inc. (NYSE:BURL) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 12,119 shares of the company’s stock, valued at approximately $3,455,000.

A number of other hedge funds have also made changes to their positions in BURL. Junto Capital Management LP grew its holdings in Burlington Stores by 41.2% in the 4th quarter. Junto Capital Management LP now owns 603,985 shares of the company’s stock valued at $172,172,000 after buying an additional 176,346 shares during the last quarter. Focus Partners Wealth grew its holdings in Burlington Stores by 28.1% in the 4th quarter. Focus Partners Wealth now owns 1,591 shares of the company’s stock valued at $454,000 after buying an additional 349 shares during the last quarter. Eisler Capital Management Ltd. acquired a new stake in Burlington Stores in the 4th quarter valued at approximately $1,818,000. Ensign Peak Advisors Inc grew its holdings in Burlington Stores by 3.8% in the 4th quarter. Ensign Peak Advisors Inc now owns 32,628 shares of the company’s stock valued at $9,301,000 after buying an additional 1,196 shares during the last quarter. Finally, Ethic Inc. grew its holdings in Burlington Stores by 98.8% in the 4th quarter. Ethic Inc. now owns 3,524 shares of the company’s stock valued at $1,005,000 after buying an additional 1,751 shares during the last quarter.

Insider Transactions at Burlington Stores

In other news, COO Travis Marquette sold 190 shares of the firm’s stock in a transaction dated Monday, May 5th. The stock was sold at an average price of $237.63, for a total value of $45,149.70. Following the completion of the sale, the chief operating officer now directly owns 22,858 shares in the company, valued at $5,431,746.54. This trade represents a 0.82% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CMO Jennifer Vecchio sold 4,939 shares of the firm’s stock in a transaction dated Thursday, March 20th. The shares were sold at an average price of $239.94, for a total value of $1,185,063.66. Following the completion of the sale, the chief marketing officer now owns 70,006 shares of the company’s stock, valued at approximately $16,797,239.64. This represents a 6.59% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 1.10% of the company’s stock.

Analyst Upgrades and Downgrades

BURL has been the topic of several recent research reports. 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. Morgan Stanley cut their target price on Burlington Stores from $297.00 to $269.00 and set an “overweight” rating for the company in a research report on Tuesday, May 6th. Wells Fargo & Company cut their target price on Burlington Stores from $325.00 to $300.00 and set an “overweight” rating for the company in a research report on Wednesday, April 30th. Citigroup cut their target price on Burlington Stores from $344.00 to $340.00 and set a “buy” rating for the company in a research report on Friday, March 7th. Finally, UBS Group raised their target price on Burlington Stores from $360.00 to $405.00 and gave the stock a “buy” rating in a research 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 company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $319.60.

Burlington Stores Trading Down 3.9%

NYSE BURL opened at $239.38 on Monday. The company has a quick ratio of 0.54, a current ratio of 1.17 and a debt-to-equity ratio of 1.35. Burlington Stores, Inc. has a twelve month low of $181.87 and a twelve month high of $298.89. The company has a market cap of $15.08 billion, a price-to-earnings ratio of 32.79, a price-to-earnings-growth ratio of 1.11 and a beta of 1.70. The business’s fifty day moving average is $235.08 and its 200 day moving average is $259.70.

Burlington Stores (NYSE:BURL) last announced 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 business had revenue of $3.28 billion during the quarter, compared to analyst estimates of $3.25 billion. Burlington Stores had a return on equity of 47.52% and a net margin of 4.49%. As a group, sell-side analysts expect that Burlington Stores, Inc. will post 7.93 EPS for the current fiscal 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.