Burlington Stores, Inc. (NYSE:BURL) Shares Sold by Balyasny Asset Management L.P.

Balyasny Asset Management L.P. decreased its holdings in Burlington Stores, Inc. (NYSE:BURL - Free Report) by 42.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 253,950 shares of the company's stock after selling 185,841 shares during the period. Balyasny Asset Management L.P. owned 0.40% of Burlington Stores worth $72,391,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in BURL. Wilmington Savings Fund Society FSB purchased a new position in shares of Burlington Stores in the 3rd quarter worth approximately $57,000. Versant Capital Management Inc boosted its stake in Burlington Stores by 682.1% during the fourth quarter. Versant Capital Management Inc now owns 219 shares of the company's stock worth $62,000 after buying an additional 191 shares during the period. GAMMA Investing LLC increased its position in Burlington Stores by 77.1% during the fourth quarter. GAMMA Investing LLC now owns 907 shares of the company's stock valued at $259,000 after acquiring an additional 395 shares during the last quarter. Everence Capital Management Inc. purchased a new stake in shares of Burlington Stores in the fourth quarter valued at $388,000. Finally, Fulton Bank N.A. lifted its holdings in shares of Burlington Stores by 8.7% in the 4th quarter. Fulton Bank N.A. now owns 8,098 shares of the company's stock worth $2,308,000 after acquiring an additional 645 shares during the last quarter.

Analyst Ratings Changes

Several analysts have issued reports on the stock. Morgan Stanley decreased their price objective on shares of Burlington Stores from $297.00 to $269.00 and set an "overweight" rating for the company in a research note on Tuesday. Robert W. Baird boosted their price objective on Burlington Stores from $330.00 to $335.00 and gave the company an "outperform" rating in a report on Friday, March 7th. Wells Fargo & Company decreased 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. UBS Group raised their price target on shares of Burlington Stores from $360.00 to $405.00 and gave the stock a "buy" rating in a research note on Friday, March 7th. Finally, Telsey Advisory Group restated an "outperform" rating and issued a $340.00 target price on shares of Burlington Stores in a research note on Thursday, March 6th. One analyst has rated the stock with a hold rating and fifteen have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $319.60.

Insider Buying and Selling

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 transaction, the chief operating officer now directly owns 22,858 shares of the company's stock, 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 legal filing with the SEC, which can be accessed through this link. Also, CMO Jennifer Vecchio sold 4,939 shares of the firm's stock in a transaction on Thursday, March 20th. The shares were sold at an average price of $239.94, for a total transaction of $1,185,063.66. Following the sale, 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 disclosure for this sale can be found here. Corporate insiders own 1.10% of the company's stock.

Burlington Stores Stock Up 3.4 %

BURL stock traded up $7.99 on Wednesday, hitting $245.05. 1,172,197 shares of the company's stock were exchanged, compared to its average volume of 992,323. The firm has a 50 day moving average price of $234.63 and a two-hundred day moving average price of $259.77. The company has a debt-to-equity ratio of 1.35, a quick ratio of 0.54 and a current ratio of 1.17. Burlington Stores, Inc. has a 12-month low of $181.87 and a 12-month high of $298.89. The stock has a market cap of $15.44 billion, a P/E ratio of 33.57, a price-to-earnings-growth ratio of 1.11 and a beta of 1.70.

Burlington Stores (NYSE:BURL - Get Free Report) last announced its quarterly earnings data on Thursday, March 6th. The company reported $4.07 earnings per share 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 firm had revenue of $3.28 billion for the quarter, compared to analyst estimates of $3.25 billion. As a group, equities research analysts expect that Burlington Stores, Inc. will post 7.93 EPS for the current fiscal year.

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.