Point72 Asia Singapore Pte. Ltd. Makes New Investment in Burlington Stores, Inc. (NYSE:BURL)

Point72 Asia Singapore Pte. Ltd. bought a new position in Burlington Stores, Inc. (NYSE:BURL) during the 3rd quarter, HoldingsChannel.com reports. The fund bought 3,154 shares of the company’s stock, valued at approximately $831,000.

Other hedge funds also recently bought and sold shares of the company. Tributary Capital Management LLC boosted its stake in shares of Burlington Stores by 1.0% during the 3rd quarter. Tributary Capital Management LLC now owns 4,991 shares of the company’s stock worth $1,315,000 after acquiring an additional 50 shares in the last quarter. GAMMA Investing LLC boosted its stake in shares of Burlington Stores by 20.4% during the 2nd quarter. GAMMA Investing LLC now owns 313 shares of the company’s stock worth $75,000 after acquiring an additional 53 shares in the last quarter. Signaturefd LLC boosted its stake in shares of Burlington Stores by 9.1% during the 2nd quarter. Signaturefd LLC now owns 648 shares of the company’s stock worth $156,000 after acquiring an additional 54 shares in the last quarter. Mount Lucas Management LP boosted its stake in shares of Burlington Stores by 2.4% during the 3rd quarter. Mount Lucas Management LP now owns 2,266 shares of the company’s stock worth $597,000 after acquiring an additional 54 shares in the last quarter. Finally, OneDigital Investment Advisors LLC boosted its stake in shares of Burlington Stores by 5.5% during the 3rd quarter. OneDigital Investment Advisors LLC now owns 1,027 shares of the company’s stock worth $271,000 after acquiring an additional 54 shares in the last quarter.

Analysts Set New Price Targets

Several analysts have recently issued reports on BURL shares. Morgan Stanley upped their price target on Burlington Stores from $285.00 to $305.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 27th. Robert W. Baird increased their target price on Burlington Stores from $315.00 to $330.00 and gave the company an “outperform” rating in a research note on Wednesday, November 27th. TD Cowen increased their target price on Burlington Stores from $288.00 to $334.00 and gave the company a “buy” rating in a research note on Monday, November 25th. The Goldman Sachs Group increased their target price on Burlington Stores from $278.00 to $310.00 and gave the company a “buy” rating in a research note on Friday, August 30th. Finally, UBS Group increased their target price on Burlington Stores from $270.00 to $280.00 and gave the company a “neutral” rating in a research note on Thursday, November 14th. Two research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $307.69.

Burlington Stores Trading Down 2.2 %

Shares of BURL opened at $281.88 on Monday. Burlington Stores, Inc. has a 1 year low of $168.49 and a 1 year high of $298.89. The company has a current ratio of 1.17, a quick ratio of 0.48 and a debt-to-equity ratio of 1.35. The stock has a 50 day simple moving average of $262.90 and a 200-day simple moving average of $250.98. The stock has a market cap of $17.89 billion, a PE ratio of 38.61, a PEG ratio of 1.44 and a beta of 1.64.

Burlington Stores (NYSE:BURL) last released its quarterly earnings results on Tuesday, November 26th. The company reported $1.55 earnings per share for the quarter, beating analysts’ consensus estimates of $1.53 by $0.02. Burlington Stores had a return on equity of 47.52% and a net margin of 4.49%. The firm had revenue of $2.53 billion during the quarter, compared to analysts’ expectations of $2.55 billion. During the same period last year, the firm posted $0.98 EPS. The business’s revenue was up 10.5% on a year-over-year basis. On average, sell-side analysts predict that Burlington Stores, Inc. will post 7.92 EPS for the current fiscal year.

Insider Activity at Burlington Stores

In related news, Director Paul Sullivan sold 1,705 shares of the firm’s stock in a transaction 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 completion of the sale, the director now directly owns 7,393 shares of the company’s stock, valued at $2,048,230.65. This trade represents a 18.74 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 0.91% of the company’s stock.

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.