Schonfeld Strategic Advisors LLC Decreases Stock Holdings in Burlington Stores, Inc. (NYSE:BURL)

Schonfeld Strategic Advisors LLC cut its stake in Burlington Stores, Inc. (NYSE:BURL - Free Report) by 97.6% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,606 shares of the company's stock after selling 104,631 shares during the quarter. Schonfeld Strategic Advisors LLC's holdings in Burlington Stores were worth $743,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Wilmington Savings Fund Society FSB purchased a new stake in Burlington Stores during the 3rd quarter valued at about $57,000. Fortitude Family Office LLC grew its holdings in shares of Burlington Stores by 148.6% during 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. Wedmont Private Capital increased its position in shares of Burlington Stores by 71.2% during the fourth quarter. Wedmont Private Capital now owns 2,743 shares of the company's stock valued at $787,000 after acquiring an additional 1,141 shares in the last quarter. Park Avenue Securities LLC raised its holdings in Burlington Stores by 28.0% in the 4th quarter. Park Avenue Securities LLC now owns 1,597 shares of the company's stock worth $455,000 after acquiring an additional 349 shares during the last quarter. Finally, Avanza Fonder AB purchased a new position in Burlington Stores in the 4th quarter worth approximately $1,781,000.

Burlington Stores Price Performance

Shares of NYSE BURL traded up $20.24 during mid-day trading on Monday, hitting $259.55. 1,278,961 shares of the company's stock traded hands, compared to its average volume of 995,763. The company has a debt-to-equity ratio of 1.35, a current ratio of 1.17 and a quick ratio of 0.54. Burlington Stores, Inc. has a 1 year low of $181.87 and a 1 year high of $298.89. The company's 50-day moving average is $235.50 and its two-hundred day moving average is $259.75. The company has a market capitalization of $16.35 billion, a P/E ratio of 35.55, a PEG 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 earnings per share for the quarter, topping the consensus estimate of $3.75 by $0.32. The company had revenue of $3.28 billion for the quarter, compared to analysts' expectations of $3.25 billion. Burlington Stores had a return on equity of 47.52% and a net margin of 4.49%. On average, equities analysts anticipate that Burlington Stores, Inc. will post 7.93 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts have commented on the stock. Citigroup cut their target price 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. Wells Fargo & Company dropped their target price on Burlington Stores from $325.00 to $300.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 30th. Robert W. Baird upped their price target on shares of Burlington Stores from $330.00 to $335.00 and gave the company an "outperform" rating in a research report on Friday, March 7th. Barclays dropped their price objective on shares of Burlington Stores from $329.00 to $254.00 and set an "overweight" rating on the stock in a report on Monday. Finally, 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 report on Tuesday, May 6th. One research analyst has rated the stock with a hold rating and fifteen have issued a buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $314.60.

Insiders Place Their Bets

In other news, CMO Jennifer Vecchio sold 4,939 shares of Burlington Stores stock in a transaction 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 sale, the chief marketing officer now directly owns 70,006 shares in the company, valued at approximately $16,797,239.64. This trade represents a 6.59% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, COO Travis Marquette sold 190 shares of the firm's 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 in the company, valued at approximately $5,431,746.54. This trade represents 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 owned by insiders.

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.