Numerai GP LLC Lowers Holdings in Burlington Stores, Inc. (NYSE:BURL)

Numerai GP LLC lowered its stake in shares of Burlington Stores, Inc. (NYSE:BURL - Free Report) by 51.2% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 2,329 shares of the company's stock after selling 2,445 shares during the period. Numerai GP LLC's holdings in Burlington Stores were worth $664,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the stock. IFP Advisors Inc increased its position in Burlington Stores by 81.6% during the fourth quarter. IFP Advisors Inc now owns 89 shares of the company's stock valued at $25,000 after acquiring an additional 40 shares during the last quarter. Stonebridge Financial Group LLC bought a new stake in shares of Burlington Stores during the 4th quarter valued at 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 valued at $38,000 after purchasing an additional 69 shares during the last quarter. Parkside Financial Bank & Trust lifted its stake in shares of Burlington Stores by 157.1% in 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 during the period. Finally, MassMutual Private Wealth & Trust FSB lifted its stake in shares of Burlington Stores by 36.5% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 172 shares of the company's stock worth $49,000 after purchasing an additional 46 shares during the period.

Wall Street Analyst Weigh In

BURL has been the subject of several recent research reports. Telsey Advisory Group restated an "outperform" rating and set a $340.00 target price on shares of Burlington Stores in a research report on Thursday, March 6th. UBS Group lifted 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. Morgan Stanley reduced their price objective on Burlington Stores from $297.00 to $269.00 and set an "overweight" rating for the company in a research note on Tuesday, May 6th. Citigroup decreased their target price on Burlington Stores from $344.00 to $340.00 and set a "buy" rating on the stock in a report on Friday, March 7th. Finally, Barclays cut their price target on Burlington Stores from $329.00 to $254.00 and set an "overweight" rating for the company in a report on Monday, May 12th. One analyst has rated the stock with a hold rating and fifteen have given a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $314.60.

Burlington Stores Price Performance

NYSE:BURL traded up $4.27 on Friday, reaching $269.16. 967,682 shares of the company's stock traded hands, compared to its average volume of 996,255. The stock has a 50-day simple moving average of $237.42 and a 200-day simple moving average of $260.00. Burlington Stores, Inc. has a 12 month low of $181.87 and a 12 month high of $298.89. The firm has a market cap of $16.95 billion, a PE ratio of 36.87, a P/E/G ratio of 1.11 and a beta of 1.70. 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 (NYSE:BURL - Get Free Report) last posted its earnings results on Thursday, March 6th. The company reported $4.07 earnings per share for the quarter, beating the consensus estimate of $3.75 by $0.32. Burlington Stores had a net margin of 4.49% and a return on equity of 47.52%. The company had revenue of $3.28 billion during the quarter, compared to analysts' expectations of $3.25 billion. Equities research analysts forecast that Burlington Stores, Inc. will post 7.93 earnings per share for the current year.

Insider Activity

In other Burlington Stores 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 transaction of $1,185,063.66. Following the sale, the chief marketing officer now directly 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 document filed with the SEC, which is available at this link. Also, COO Travis Marquette sold 190 shares of the firm's stock in a transaction 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 sale, the chief operating officer now owns 22,858 shares of the company's stock, valued at approximately $5,431,746.54. This represents 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 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.