Baker Avenue Asset Management LP Trims Stake in Burlington Stores, Inc. (NYSE:BURL)

Baker Avenue Asset Management LP lowered its stake in Burlington Stores, Inc. (NYSE:BURL - Free Report) by 15.7% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 12,497 shares of the company's stock after selling 2,334 shares during the quarter. Baker Avenue Asset Management LP's holdings in Burlington Stores were worth $3,562,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Norges Bank bought a new stake in Burlington Stores in the fourth quarter worth about $227,268,000. Capital International Investors lifted its stake in shares of Burlington Stores by 7.7% during the 4th quarter. Capital International Investors now owns 5,160,096 shares of the company's stock worth $1,470,929,000 after acquiring an additional 367,703 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its holdings in Burlington Stores by 30.8% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 955,648 shares of the company's stock valued at $272,417,000 after acquiring an additional 225,124 shares during the period. Alyeska Investment Group L.P. grew its position in Burlington Stores by 23.1% in the 4th quarter. Alyeska Investment Group L.P. now owns 1,051,611 shares of the company's stock valued at $299,772,000 after acquiring an additional 197,187 shares during the last quarter. Finally, Anomaly Capital Management LP increased its stake in Burlington Stores by 21.9% in the fourth quarter. Anomaly Capital Management LP now owns 961,281 shares of the company's stock worth $274,023,000 after purchasing an additional 172,431 shares during the period.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on BURL shares. Robert W. Baird upped their price target on shares of Burlington Stores from $330.00 to $335.00 and gave the stock an "outperform" rating in a report on Friday, March 7th. Morgan Stanley reduced their target price on shares of Burlington Stores from $297.00 to $269.00 and set an "overweight" rating on the stock in a research report on Tuesday. Wells Fargo & Company lowered their price target on Burlington Stores from $325.00 to $300.00 and set an "overweight" rating for the company in a report on Wednesday, April 30th. Telsey Advisory Group restated an "outperform" rating and set a $340.00 price objective on shares of Burlington Stores in a report on Thursday, March 6th. Finally, Citigroup decreased their target price on Burlington Stores from $344.00 to $340.00 and set a "buy" rating for the company in a research report on Friday, March 7th. One equities research analyst has rated the stock with a hold rating and fifteen have given a buy rating to the company's stock. Based on data from MarketBeat, Burlington Stores has a consensus rating of "Moderate Buy" and a consensus target price of $319.60.

Insider Activity

In related news, CMO Jennifer Vecchio sold 4,939 shares of the company's stock in a transaction that occurred on Thursday, March 20th. The stock was sold at an average price of $239.94, for a total value of $1,185,063.66. Following the sale, the chief marketing officer now owns 70,006 shares in the company, valued at $16,797,239.64. This represents a 6.59 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, COO Travis Marquette sold 190 shares of Burlington Stores stock in a transaction that occurred on Monday, May 5th. The shares were sold at an average price of $237.63, for a total transaction of $45,149.70. Following the sale, the chief operating officer now 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. 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 company has a debt-to-equity ratio of 1.35, a quick ratio of 0.54 and a current ratio of 1.17. 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. The firm has a 50 day moving average price of $234.63 and a two-hundred day moving average price of $259.77. Burlington Stores, Inc. has a 12-month low of $181.87 and a 12-month high of $298.89.

Burlington Stores (NYSE:BURL - Get Free Report) last announced its quarterly earnings data on Thursday, March 6th. The company reported $4.07 EPS for the quarter, beating the consensus estimate of $3.75 by $0.32. The firm had revenue of $3.28 billion during 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%. As a group, equities research analysts expect 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.