Point72 Asia Singapore Pte. Ltd. Decreases Position in Burlington Stores, Inc. (NYSE:BURL)

Point72 Asia Singapore Pte. Ltd. cut its stake in shares of Burlington Stores, Inc. (NYSE:BURL - Free Report) by 85.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 469 shares of the company's stock after selling 2,685 shares during the quarter. Point72 Asia Singapore Pte. Ltd.'s holdings in Burlington Stores were worth $134,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. IFP Advisors Inc lifted 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 purchasing an additional 40 shares during the period. Stonebridge Financial Group LLC acquired a new position in Burlington Stores during the fourth quarter valued at $31,000. Farther Finance Advisors LLC lifted its position in Burlington Stores by 104.5% during the fourth 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 period. Parkside Financial Bank & Trust lifted its position in Burlington Stores by 157.1% during the fourth quarter. Parkside Financial Bank & Trust now owns 144 shares of the company's stock valued at $41,000 after purchasing an additional 88 shares during the period. Finally, MassMutual Private Wealth & Trust FSB lifted its position in Burlington Stores by 36.5% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 172 shares of the company's stock valued at $49,000 after purchasing an additional 46 shares during the period.

Burlington Stores Price Performance

Shares of BURL traded down $2.25 during mid-day trading on Tuesday, hitting $267.87. 962,425 shares of the company were exchanged, compared to its average volume of 995,397. Burlington Stores, Inc. has a 1-year low of $181.87 and a 1-year high of $298.89. 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 company has a 50 day moving average of $237.94 and a 200-day moving average of $260.27. The stock has a market cap of $16.87 billion, a price-to-earnings ratio of 36.69, a price-to-earnings-growth ratio of 1.11 and a beta of 1.70.

Burlington Stores (NYSE:BURL - Get Free Report) last released its quarterly earnings data on Thursday, March 6th. The company reported $4.07 EPS for the quarter, beating analysts' consensus estimates of $3.75 by $0.32. The company had revenue of $3.28 billion during the quarter, compared to the consensus estimate of $3.25 billion. Burlington Stores had a net margin of 4.49% and a return on equity of 47.52%. 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 recently issued reports on BURL shares. Wells Fargo & Company decreased their target price on shares of Burlington Stores from $325.00 to $300.00 and set an "overweight" rating for the company in a research report on Wednesday, April 30th. JPMorgan Chase & Co. upped their price objective on shares of Burlington Stores from $287.00 to $327.00 and gave the stock an "overweight" rating in a research report on Monday. Citigroup decreased their price objective on shares of Burlington Stores from $344.00 to $340.00 and set a "buy" rating for the company in a research report on Friday, March 7th. Barclays decreased their price objective on shares of Burlington Stores from $329.00 to $254.00 and set an "overweight" rating for the company in a research report on Monday, May 12th. Finally, 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 research report on Friday, March 7th. One analyst has rated the stock with a hold rating and fifteen have issued a buy rating to the company. Based on data from MarketBeat.com, Burlington Stores presently has a consensus rating of "Moderate Buy" and an average target price of $317.27.

Insider Transactions at Burlington Stores

In related news, CMO Jennifer Vecchio sold 4,939 shares of the stock in a transaction that occurred on Thursday, March 20th. The shares were 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 owns 70,006 shares of the company's stock, valued at approximately $16,797,239.64. This trade represents a 6.59% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, COO Travis Marquette sold 190 shares of the stock in a transaction that occurred on Monday, May 5th. The stock was sold at an average price of $237.63, for a total transaction of $45,149.70. Following the transaction, the chief operating officer now directly owns 22,858 shares of the company's stock, valued at $5,431,746.54. The trade was a 0.82% decrease in their position. The disclosure for this sale can be found here. Insiders own 1.10% of the company's stock.

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.