Y Intercept Hong Kong Ltd Sells 4,823 Shares of Burlington Stores, Inc. (NYSE:BURL)

Y Intercept Hong Kong Ltd cut its holdings in shares of Burlington Stores, Inc. (NYSE:BURL) by 60.0% in the 4th quarter, Holdings Channel reports. The firm owned 3,219 shares of the company’s stock after selling 4,823 shares during the period. Y Intercept Hong Kong Ltd’s holdings in Burlington Stores were worth $918,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Geode Capital Management LLC increased its holdings in shares of Burlington Stores by 1.7% during the third quarter. Geode Capital Management LLC now owns 1,074,960 shares of the company’s stock worth $282,582,000 after buying an additional 18,160 shares in the last quarter. Massachusetts Financial Services Co. MA grew its holdings in Burlington Stores by 1,048.8% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 730,524 shares of the company’s stock worth $192,478,000 after acquiring an additional 666,934 shares during the period. Jennison Associates LLC grew its holdings in Burlington Stores by 2.4% during the 3rd quarter. Jennison Associates LLC now owns 510,074 shares of the company’s stock worth $134,394,000 after acquiring an additional 12,143 shares during the period. Stephens Investment Management Group LLC boosted its position in shares of Burlington Stores by 2.0% during the 3rd quarter. Stephens Investment Management Group LLC now owns 403,981 shares of the company’s stock worth $106,441,000 after purchasing an additional 7,859 shares in the last quarter. Finally, Artemis Investment Management LLP boosted its position in shares of Burlington Stores by 6.6% during the 4th quarter. Artemis Investment Management LLP now owns 396,938 shares of the company’s stock worth $113,151,000 after purchasing an additional 24,576 shares in the last quarter.

Wall Street Analyst Weigh In

BURL has been the topic of several recent research reports. Robert W. Baird raised their price target on shares of Burlington Stores from $315.00 to $330.00 and gave the company an “outperform” rating in a research report on Wednesday, November 27th. Barclays dropped their price target on shares of Burlington Stores from $327.00 to $317.00 and set an “overweight” rating on the stock in a research report on Wednesday, November 27th. TD Cowen raised their price target 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. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $340.00 price target on shares of Burlington Stores in a research report on Thursday. Finally, Evercore ISI raised their price target on shares of Burlington Stores from $315.00 to $340.00 and gave the company an “outperform” rating in a research report on Wednesday, November 27th. One research analyst has rated the stock with a hold rating and fifteen have given a buy rating to the stock. Based on data from MarketBeat, Burlington Stores currently has an average rating of “Moderate Buy” and an average price target of $319.87.

Insider Transactions at Burlington Stores

In other news, CMO Jennifer Vecchio sold 494 shares of Burlington Stores stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $284.95, for a total transaction of $140,765.30. Following the completion of the sale, the chief marketing officer now directly owns 59,437 shares of the company’s stock, valued at approximately $16,936,573.15. The trade was a 0.82 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In the last ninety days, insiders sold 1,481 shares of company stock valued at $421,892. Insiders own 0.91% of the company’s stock.

Burlington Stores Stock Down 2.9 %

Shares of NYSE:BURL opened at $242.06 on Friday. The firm has a fifty day moving average price of $273.89 and a two-hundred day moving average price of $270.33. The company has a debt-to-equity ratio of 1.35, a current ratio of 1.17 and a quick ratio of 0.54. Burlington Stores, Inc. has a one year low of $174.64 and a one year high of $298.89. The company has a market cap of $15.37 billion, a price-to-earnings ratio of 33.16, a PEG ratio of 1.11 and a beta of 1.62.

Burlington Stores (NYSE:BURL) last announced its quarterly earnings results on Tuesday, November 26th. The company reported $1.55 EPS for the quarter, beating the consensus estimate of $1.54 by $0.01. Burlington Stores had a net margin of 4.49% and a return on equity of 47.52%. The firm had revenue of $2.53 billion during the quarter, compared to the consensus estimate of $2.55 billion. During the same period last year, the firm earned $0.98 EPS. The business’s quarterly revenue was up 10.5% compared to the same quarter last year. Analysts anticipate that Burlington Stores, Inc. will post 7.93 EPS for the current fiscal year.

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.