Burlington Stores, Inc. (NYSE:BURL) Shares Bought by Moore Capital Management LP

Moore Capital Management LP lifted its holdings in Burlington Stores, Inc. (NYSE:BURL - Free Report) by 74.1% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 11,162 shares of the company's stock after buying an additional 4,752 shares during the period. Moore Capital Management LP's holdings in Burlington Stores were worth $3,182,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in BURL. LMR Partners LLP raised its position in Burlington Stores by 9,525.0% during the fourth quarter. LMR Partners LLP now owns 57,750 shares of the company's stock valued at $16,462,000 after purchasing an additional 57,150 shares in the last quarter. J. Goldman & Co LP purchased a new position in shares of Burlington Stores in the fourth quarter worth $3,455,000. Junto Capital Management LP boosted its position in Burlington Stores by 41.2% during the 4th quarter. Junto Capital Management LP now owns 603,985 shares of the company's stock valued at $172,172,000 after buying an additional 176,346 shares during the period. Focus Partners Wealth grew its holdings in Burlington Stores by 28.1% in the 4th quarter. Focus Partners Wealth now owns 1,591 shares of the company's stock worth $454,000 after acquiring an additional 349 shares during the last quarter. Finally, Eisler Capital Management Ltd. purchased a new position in shares of Burlington Stores in the fourth quarter valued at about $1,818,000.

Insider Activity

In other Burlington Stores news, COO Travis Marquette sold 190 shares of the stock in a transaction dated Monday, May 5th. The shares were sold at an average price of $237.63, for a total transaction of $45,149.70. Following the completion of the sale, the chief operating officer now directly 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 transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CMO Jennifer Vecchio sold 4,939 shares of Burlington Stores 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 completion of the transaction, the chief marketing officer now directly owns 70,006 shares in the company, valued at approximately $16,797,239.64. The trade was a 6.59% decrease in their position. The disclosure for this sale can be found here. Insiders own 1.10% of the company's stock.

Burlington Stores Price Performance

Shares of NYSE BURL traded down $0.87 during midday trading on Thursday, reaching $264.75. 790,207 shares of the stock traded hands, compared to its average volume of 995,960. The company's 50 day moving average is $236.76 and its 200 day moving average is $259.88. Burlington Stores, Inc. has a one year low of $181.87 and a one year high of $298.89. The company has a debt-to-equity ratio of 1.35, a current ratio of 1.17 and a quick ratio of 0.54. The stock has a market capitalization of $16.68 billion, a PE ratio of 36.27, a P/E/G ratio of 1.11 and a beta of 1.70.

Burlington Stores (NYSE:BURL - Get Free Report) last released its quarterly 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. The company had revenue of $3.28 billion for 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, equities research analysts anticipate that Burlington Stores, Inc. will post 7.93 earnings per share for the current year.

Analysts Set New Price Targets

A number of research analysts have commented on the company. Morgan Stanley lowered their price target on Burlington Stores from $297.00 to $269.00 and set an "overweight" rating for the company in a research report on Tuesday, May 6th. Robert W. Baird upped their price objective 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. JPMorgan Chase & Co. cut their target price 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. Barclays decreased their price target on shares of Burlington Stores from $329.00 to $254.00 and set an "overweight" rating for the company in a research note on Monday. Finally, UBS Group upped their target price on Burlington Stores from $360.00 to $405.00 and gave the stock a "buy" rating in a report on Friday, March 7th. One research analyst has rated the stock with a hold rating and fifteen have assigned a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $314.60.

Burlington Stores Company 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.