Cartenna Capital LP Invests $39.30 Million in Burlington Stores, Inc. (NYSE:BURL)

Cartenna Capital LP purchased a new stake in Burlington Stores, Inc. (NYSE:BURL - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 137,872 shares of the company's stock, valued at approximately $39,302,000. Burlington Stores comprises approximately 1.9% of Cartenna Capital LP's portfolio, making the stock its 18th largest holding. Cartenna Capital LP owned about 0.22% of Burlington Stores as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. IFP Advisors Inc lifted its position in Burlington Stores by 81.6% in 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. Fortitude Family Office LLC raised its holdings in shares of Burlington Stores by 148.6% in the fourth quarter. Fortitude Family Office LLC now owns 92 shares of the company's stock valued at $26,000 after buying an additional 55 shares during the last quarter. Stonebridge Financial Group LLC purchased a new stake in shares of Burlington Stores in the fourth quarter valued at about $31,000. Farther Finance Advisors LLC raised its holdings 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 valued at $38,000 after buying an additional 69 shares during the last quarter. Finally, Parkside Financial Bank & Trust raised its holdings in shares of Burlington Stores by 157.1% in the fourth quarter. Parkside Financial Bank & Trust now owns 144 shares of the company's stock valued at $41,000 after buying an additional 88 shares during the last quarter.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on BURL shares. Robert W. Baird upped their target price on shares of Burlington Stores from $330.00 to $335.00 and gave the company an "outperform" rating in a report on Friday, March 7th. Barclays upped their target price on shares of Burlington Stores from $317.00 to $329.00 and gave the company an "overweight" rating in a report on Friday, March 7th. Citigroup dropped their price target on shares of Burlington Stores from $344.00 to $340.00 and set a "buy" rating on the stock in a research note on Friday, March 7th. JPMorgan Chase & Co. dropped their price target on shares of Burlington Stores from $336.00 to $287.00 and set an "overweight" rating on the stock in a research note on Monday, April 14th. Finally, Telsey Advisory Group reiterated an "outperform" rating and set a $340.00 price target on shares of Burlington Stores in a research note on Thursday, March 6th. One investment 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 currently has an average rating of "Moderate Buy" and an average price target of $323.13.

Burlington Stores Price Performance

Shares of NYSE BURL traded up $0.01 during trading on Tuesday, reaching $222.59. The company had a trading volume of 218,417 shares, compared to its average volume of 1,176,832. The stock has a market capitalization of $14.02 billion, a PE ratio of 30.49, a price-to-earnings-growth ratio of 1.11 and a beta of 1.65. The stock has a 50-day moving average price of $235.73 and a two-hundred day moving average price of $260.94. Burlington Stores, Inc. has a twelve month low of $175.30 and a twelve month high of $298.89. 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 released its 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 firm had revenue of $3.28 billion during the quarter, compared to analyst estimates of $3.25 billion. Burlington Stores had a return on equity of 47.52% and a net margin of 4.49%. As a group, sell-side analysts predict that Burlington Stores, Inc. will post 7.93 earnings per share for the current year.

Insider Activity at Burlington Stores

In other Burlington Stores news, CMO Jennifer Vecchio sold 493 shares of the company's stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $275.75, for a total transaction of $135,944.75. Following the completion of the sale, the chief marketing officer now directly owns 58,944 shares in the company, valued at $16,253,808. This represents a 0.83 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 1.10% of the company's stock.

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.