Interval Partners LP Sells 70,878 Shares of Burlington Stores, Inc. (NYSE:BURL)

Interval Partners LP decreased its position in Burlington Stores, Inc. (NYSE:BURL - Free Report) by 63.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 40,060 shares of the company's stock after selling 70,878 shares during the quarter. Interval Partners LP owned approximately 0.06% of Burlington Stores worth $11,420,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in BURL. J. Goldman & Co LP bought a new stake in Burlington Stores in the 4th quarter worth about $3,455,000. Junto Capital Management LP grew its stake in Burlington Stores by 41.2% in the 4th quarter. Junto Capital Management LP now owns 603,985 shares of the company's stock valued at $172,172,000 after purchasing an additional 176,346 shares during the period. Focus Partners Wealth increased its position in shares of Burlington Stores by 28.1% during the 4th quarter. Focus Partners Wealth now owns 1,591 shares of the company's stock valued at $454,000 after purchasing an additional 349 shares during the last quarter. Eisler Capital Management Ltd. purchased a new position in shares of Burlington Stores in the 4th quarter worth about $1,818,000. Finally, Ensign Peak Advisors Inc grew its position in Burlington Stores by 3.8% during the fourth quarter. Ensign Peak Advisors Inc now owns 32,628 shares of the company's stock valued at $9,301,000 after buying an additional 1,196 shares during the period.

Burlington Stores Price Performance

NYSE:BURL opened at $239.38 on Friday. Burlington Stores, Inc. has a 52-week low of $181.87 and a 52-week high of $298.89. The stock has a fifty day moving average of $235.08 and a 200 day moving average of $259.65. 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 firm has a market capitalization of $15.08 billion, a price-to-earnings ratio of 32.79, a P/E/G ratio of 1.11 and a beta of 1.70.

Burlington Stores (NYSE:BURL - Get Free Report) last issued its quarterly earnings data on Thursday, March 6th. The company reported $4.07 EPS for the quarter, topping the consensus estimate of $3.75 by $0.32. The company 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%. On average, research analysts expect that Burlington Stores, Inc. will post 7.93 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on BURL shares. JPMorgan Chase & Co. reduced their target price on shares of Burlington Stores from $336.00 to $287.00 and set an "overweight" rating for the company in a research report on Monday, April 14th. Barclays increased their price target on Burlington Stores from $317.00 to $329.00 and gave the stock an "overweight" rating in a research note on Friday, March 7th. Robert W. Baird upped their price objective 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. Morgan Stanley reduced their target price 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, Telsey Advisory Group restated an "outperform" rating and set a $340.00 price target on shares of Burlington Stores in a research note on Thursday, March 6th. One research analyst has rated the stock with a hold rating and fifteen have given a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $319.60.

Insider Transactions at Burlington Stores

In related news, CMO Jennifer Vecchio sold 4,939 shares of the business'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 completion of the sale, the chief marketing officer now owns 70,006 shares in the company, valued at $16,797,239.64. The trade was a 6.59 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, COO Travis Marquette sold 190 shares of the 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 transaction, the chief operating officer now owns 22,858 shares in the company, valued at $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 currently owned by insiders.

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.

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