Burlington Stores, Inc. (NYSE:BURL) is Alyeska Investment Group L.P.'s 10th Largest Position

Alyeska Investment Group L.P. grew its holdings in shares of Burlington Stores, Inc. (NYSE:BURL - Free Report) by 23.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,051,611 shares of the company's stock after acquiring an additional 197,187 shares during the quarter. Burlington Stores comprises 1.1% of Alyeska Investment Group L.P.'s investment portfolio, making the stock its 10th largest position. Alyeska Investment Group L.P. owned about 1.66% of Burlington Stores worth $299,772,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of BURL. IFP Advisors Inc increased its position in Burlington Stores by 81.6% during the 4th quarter. IFP Advisors Inc now owns 89 shares of the company's stock valued at $25,000 after purchasing an additional 40 shares during the period. Fortitude Family Office LLC grew its position in Burlington Stores by 148.6% during the 4th quarter. Fortitude Family Office LLC now owns 92 shares of the company's stock valued at $26,000 after purchasing an additional 55 shares during the last quarter. Stonebridge Financial Group LLC purchased a new position in Burlington Stores in the fourth quarter worth about $31,000. Farther Finance Advisors LLC lifted its stake in shares of Burlington Stores by 104.5% in the fourth quarter. Farther Finance Advisors LLC now owns 135 shares of the company's stock worth $38,000 after buying 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 fourth 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.

Wall Street Analyst Weigh In

A number of analysts have commented on the company. Citigroup reduced their target price on Burlington Stores from $344.00 to $340.00 and set a "buy" rating for the company in a report on Friday, March 7th. 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 report on Tuesday. Telsey Advisory Group reiterated an "outperform" rating and set a $340.00 target price on shares of Burlington Stores in a research note on Thursday, March 6th. UBS Group upped their price objective on Burlington Stores from $360.00 to $405.00 and gave the company a "buy" rating in a research report on Friday, March 7th. Finally, Robert W. Baird boosted their price target on Burlington Stores from $330.00 to $335.00 and gave the company an "outperform" rating in a research note 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. According to data from MarketBeat.com, Burlington Stores presently has a consensus rating of "Moderate Buy" and an average target price of $319.60.

Insider Activity at Burlington Stores

In other Burlington Stores news, CMO Jennifer Vecchio sold 4,939 shares of the stock in a transaction that occurred on 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 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, COO Travis Marquette sold 190 shares of the company'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 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 disclosure for this sale can be found here. 1.10% of the stock is owned by company insiders.

Burlington Stores Stock Performance

Shares of BURL stock traded up $7.99 during trading hours on Wednesday, hitting $245.05. The company's stock had a trading volume of 1,172,197 shares, compared to its average volume of 990,875. The stock has a market cap of $15.44 billion, a PE ratio of 33.57, a price-to-earnings-growth ratio of 1.11 and a beta of 1.70. Burlington Stores, Inc. has a 12-month low of $181.87 and a 12-month high of $298.89. The company has a 50 day moving average of $234.72 and a 200 day moving average of $259.88. The company has a current ratio of 1.17, a quick ratio of 0.54 and a debt-to-equity ratio of 1.35.

Burlington Stores (NYSE:BURL - Get Free Report) last posted its quarterly earnings results on Thursday, March 6th. The company reported $4.07 EPS for the quarter, beating the consensus estimate of $3.75 by $0.32. The company had revenue of $3.28 billion for the quarter, compared to analyst estimates of $3.25 billion. Burlington Stores had a net margin of 4.49% and a return on equity of 47.52%. On average, sell-side analysts forecast 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.