Bryce Point Capital LLC Takes Position in Burlington Stores, Inc. (NYSE:BURL)

Key Points

• Bryce Point Capital LLC acquired 2,731 shares of Burlington Stores, worth around $671,000, signaling investment interest in the retail company during the 1st quarter.
• Despite mixed analyst ratings, Burlington Stores has a consensus rating of "Moderate Buy" with a consensus price target of $316.79, indicating cautious optimism for the stock.
• Insider trading revealed that executives sold shares recently, with CMO Jennifer Vecchio selling 420 shares, which reflects potential concerns about current stock prices.

Bryce Point Capital LLC purchased a new stake in shares of Burlington Stores, Inc. (NYSE:BURL - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 2,731 shares of the company's stock, valued at approximately $671,000.

Several other institutional investors have also recently added to or reduced their stakes in the company. Golden State Wealth Management LLC raised its holdings in shares of Burlington Stores by 258.6% in the first quarter. Golden State Wealth Management LLC now owns 104 shares of the company's stock valued at $25,000 after buying an additional 75 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new stake in Burlington Stores in the fourth quarter valued at about $75,000. Blue Trust Inc. increased its stake in Burlington Stores by 35.9% in the first quarter. Blue Trust Inc. now owns 352 shares of the company's stock valued at $84,000 after purchasing an additional 93 shares in the last quarter. Fifth Third Bancorp raised its position in shares of Burlington Stores by 19.8% during the first quarter. Fifth Third Bancorp now owns 514 shares of the company's stock worth $123,000 after purchasing an additional 85 shares during the period. Finally, UMB Bank n.a. increased its stake in Burlington Stores by 105.1% during the 1st quarter. UMB Bank n.a. now owns 605 shares of the company's stock worth $144,000 after purchasing an additional 310 shares in the last quarter.

Insider Activity

In other news, CAO Stephen Ferroni sold 450 shares of the company's stock in a transaction that occurred on Thursday, June 5th. The shares were sold at an average price of $241.39, for a total transaction of $108,625.50. Following the completion of the sale, the chief accounting officer owned 2,389 shares of the company's stock, valued at approximately $576,680.71. This represents a 15.85% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, COO Travis Marquette sold 190 shares of the company'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 sale, the chief operating officer owned 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. In the last three months, insiders sold 1,060 shares of company stock worth $253,164. 1.10% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on BURL shares. Telsey Advisory Group reiterated an "outperform" rating and set a $300.00 target price (down previously from $340.00) on shares of Burlington Stores in a report on Thursday, May 29th. The Goldman Sachs Group decreased their price objective on Burlington Stores from $317.00 to $316.00 and set a "buy" rating for the company in a report on Tuesday, July 22nd. Robert W. Baird decreased their price objective on Burlington Stores from $335.00 to $325.00 and set an "outperform" rating for the company in a report on Friday, May 30th. Morgan Stanley decreased their price target 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, May 6th. Finally, Barclays raised their target price on shares of Burlington Stores from $254.00 to $299.00 and gave the company an "overweight" rating in a research report on Friday, May 30th. One investment analyst has rated the stock with a hold rating and fourteen have given a buy rating to the company's stock. According to data from MarketBeat.com, Burlington Stores presently has a consensus rating of "Moderate Buy" and an average target price of $317.57.

Burlington Stores Stock Performance

Shares of BURL stock traded down $6.07 during midday trading on Thursday, hitting $274.80. 298,600 shares of the company were exchanged, compared to its average volume of 1,147,847. The firm has a market capitalization of $17.34 billion, a P/E ratio of 33.72, a PEG ratio of 2.45 and a beta of 1.64. The company has a debt-to-equity ratio of 1.21, a quick ratio of 0.39 and a current ratio of 1.06. The firm's 50 day moving average price is $246.61 and its two-hundred day moving average price is $248.39. Burlington Stores, Inc. has a 52 week low of $212.92 and a 52 week high of $298.89.

Burlington Stores (NYSE:BURL - Get Free Report) last released its quarterly earnings results on Thursday, May 29th. The company reported $1.60 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.43 by $0.17. The business had revenue of $2.50 billion during the quarter, compared to the consensus estimate of $2.52 billion. Burlington Stores had a return on equity of 44.03% and a net margin of 4.88%. The firm's quarterly revenue was up 6.0% on a year-over-year basis. During the same period in the previous year, the company posted $1.35 EPS. As a group, equities research analysts anticipate that Burlington Stores, Inc. will post 7.93 earnings per share for the current 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.