Anomaly Capital Management LP Has $274.02 Million Stock Position in Burlington Stores, Inc. (NYSE:BURL)

Anomaly Capital Management LP lifted its holdings in shares of Burlington Stores, Inc. (NYSE:BURL - Free Report) by 21.9% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 961,281 shares of the company's stock after acquiring an additional 172,431 shares during the period. Burlington Stores makes up about 8.1% of Anomaly Capital Management LP's investment portfolio, making the stock its biggest position. Anomaly Capital Management LP owned 1.51% of Burlington Stores worth $274,023,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in BURL. IFP Advisors Inc increased its position in shares of Burlington Stores by 81.6% during the 4th quarter. IFP Advisors Inc now owns 89 shares of the company's stock worth $25,000 after purchasing an additional 40 shares in the last quarter. Fortitude Family Office LLC increased its position in shares of Burlington Stores by 148.6% during the 4th quarter. Fortitude Family Office LLC now owns 92 shares of the company's stock worth $26,000 after purchasing an additional 55 shares in the last quarter. Stonebridge Financial Group LLC acquired a new stake in shares of Burlington Stores during the 4th quarter worth about $31,000. Farther Finance Advisors LLC increased its position in shares of Burlington Stores by 104.5% during the 4th quarter. Farther Finance Advisors LLC now owns 135 shares of the company's stock worth $38,000 after purchasing an additional 69 shares in the last quarter. Finally, Parkside Financial Bank & Trust increased its position in shares of Burlington Stores by 157.1% during the 4th quarter. Parkside Financial Bank & Trust now owns 144 shares of the company's stock worth $41,000 after purchasing an additional 88 shares in the last quarter.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the stock. JPMorgan Chase & Co. dropped their target price on shares of Burlington Stores from $336.00 to $287.00 and set an "overweight" rating for the company in a research report on Monday, April 14th. Robert W. Baird boosted their price objective on shares of Burlington Stores from $330.00 to $335.00 and gave the stock an "outperform" rating in a research report on Friday, March 7th. Telsey Advisory Group reaffirmed an "outperform" rating and set a $340.00 price objective on shares of Burlington Stores in a report on Thursday, March 6th. UBS Group upped their price objective on Burlington Stores from $360.00 to $405.00 and gave the stock a "buy" rating in a report on Friday, March 7th. Finally, Barclays upped their price objective on Burlington Stores from $317.00 to $329.00 and gave the stock an "overweight" rating in a report on Friday, March 7th. One equities research analyst has rated the stock with a hold rating and fifteen have issued a buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $323.13.

Burlington Stores Trading Up 0.9 %

Shares of BURL traded up $2.07 during trading hours on Friday, reaching $223.06. The stock had a trading volume of 910,214 shares, compared to its average volume of 979,767. 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 52 week low of $175.30 and a 52 week high of $298.89. The firm has a 50-day moving average of $236.12 and a 200 day moving average of $261.15. The company has a market cap of $14.05 billion, a P/E ratio of 30.56, a P/E/G ratio of 1.11 and a beta of 1.65.

Burlington Stores (NYSE:BURL - Get Free Report) last released its quarterly earnings data on Thursday, March 6th. The company reported $4.07 EPS for the quarter, beating analysts' consensus estimates of $3.75 by $0.32. Burlington Stores had a net margin of 4.49% and a return on equity of 47.52%. The business had revenue of $3.28 billion during the quarter, compared to analysts' expectations of $3.25 billion. On average, sell-side analysts expect that Burlington Stores, Inc. will post 7.93 earnings per share for the current fiscal year.

Insider Activity at Burlington Stores

In other Burlington Stores news, CMO Jennifer Vecchio sold 4,939 shares of the stock in a transaction dated Thursday, March 20th. The stock was sold at an average price of $239.94, for a total transaction of $1,185,063.66. Following the completion of the transaction, the chief marketing officer now owns 70,006 shares in the company, valued at approximately $16,797,239.64. This represents a 6.59 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 1.10% of the stock is owned by corporate insiders.

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.