Burlington Stores, Inc. (NYSE:BURL) Shares Sold by Numerai GP LLC

Numerai GP LLC reduced its position in Burlington Stores, Inc. (NYSE:BURL) by 51.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,329 shares of the company’s stock after selling 2,445 shares during the quarter. Numerai GP LLC’s holdings in Burlington Stores were worth $664,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of BURL. IFP Advisors Inc grew its position in Burlington Stores by 81.6% in the 4th quarter. IFP Advisors Inc now owns 89 shares of the company’s stock valued at $25,000 after acquiring an additional 40 shares in the last quarter. Stonebridge Financial Group LLC acquired a new position in Burlington Stores in the 4th quarter valued at about $31,000. Farther Finance Advisors LLC grew its position in Burlington Stores by 104.5% in the 4th quarter. Farther Finance Advisors LLC now owns 135 shares of the company’s stock valued at $38,000 after acquiring an additional 69 shares in the last quarter. Parkside Financial Bank & Trust grew its position in Burlington Stores by 157.1% in the 4th quarter. Parkside Financial Bank & Trust now owns 144 shares of the company’s stock valued at $41,000 after acquiring an additional 88 shares in the last quarter. Finally, MassMutual Private Wealth & Trust FSB grew its position in Burlington Stores by 36.5% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 172 shares of the company’s stock valued at $49,000 after acquiring an additional 46 shares in the last quarter.

Insider Buying and Selling at Burlington Stores

In other Burlington Stores news, COO Travis Marquette sold 190 shares of the business’s stock in a transaction that occurred on 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 owns 22,858 shares in the company, valued at approximately $5,431,746.54. The trade was a 0.82% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CMO Jennifer Vecchio sold 4,939 shares of the business’s stock in a transaction that occurred on 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 position. The disclosure for this sale can be found here. 1.10% of the stock is owned by company insiders.

Burlington Stores Price Performance

BURL stock opened at $265.20 on Thursday. The business has a 50 day moving average price of $236.11 and a 200 day moving average price of $259.80. The stock has a market cap of $16.70 billion, a price-to-earnings ratio of 36.33, a PEG ratio of 1.11 and a beta of 1.70. Burlington Stores, Inc. has a fifty-two week low of $181.87 and a fifty-two week high of $298.89. 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 (NYSE:BURL) last posted its earnings results on Thursday, March 6th. The company reported $4.07 earnings per share for the quarter, topping the consensus estimate of $3.75 by $0.32. Burlington Stores had a return on equity of 47.52% and a net margin of 4.49%. The firm had revenue of $3.28 billion during the quarter, compared to analysts’ expectations of $3.25 billion. Equities research analysts anticipate that Burlington Stores, Inc. will post 7.93 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms have weighed in on BURL. Barclays dropped their target price on Burlington Stores from $329.00 to $254.00 and set an “overweight” rating for the company in a research report on Monday. Robert W. Baird boosted their price objective on Burlington Stores from $330.00 to $335.00 and gave the stock an “outperform” rating in a research report on Friday, March 7th. Wells Fargo & Company lowered their price objective 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 lowered their price objective 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, JPMorgan Chase & Co. lowered their price objective on Burlington Stores from $336.00 to $287.00 and set an “overweight” rating for the company in a research report on Monday, April 14th. One research analyst has rated the stock with a hold rating and fifteen have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $314.60.

Burlington Stores Company 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.