Cinctive Capital Management LP Buys 281 Shares of Burlington Stores, Inc. (NYSE:BURL)

Cinctive Capital Management LP raised its position in Burlington Stores, Inc. (NYSE:BURL) by 3.7% during the fourth quarter, Holdings Channel reports. The institutional investor owned 7,808 shares of the company’s stock after buying an additional 281 shares during the quarter. Cinctive Capital Management LP’s holdings in Burlington Stores were worth $2,226,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of BURL. Geode Capital Management LLC lifted its stake in shares of Burlington Stores by 0.8% during the fourth quarter. Geode Capital Management LLC now owns 1,083,852 shares of the company’s stock valued at $308,403,000 after acquiring an additional 8,892 shares during the period. Massachusetts Financial Services Co. MA raised its holdings in Burlington Stores by 30.8% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 955,648 shares of the company’s stock worth $272,417,000 after purchasing an additional 225,124 shares during the last quarter. Norges Bank acquired a new position in Burlington Stores during the 4th quarter valued at about $227,268,000. American Century Companies Inc. boosted its stake in shares of Burlington Stores by 17.1% in the 4th quarter. American Century Companies Inc. now owns 708,120 shares of the company’s stock valued at $201,857,000 after purchasing an additional 103,202 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership grew its position in shares of Burlington Stores by 38.6% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 506,170 shares of the company’s stock worth $144,289,000 after buying an additional 141,020 shares during the period.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on BURL. Citigroup cut their price objective on shares of Burlington Stores from $344.00 to $340.00 and set a “buy” rating on the stock in a report on Friday, March 7th. Morgan Stanley increased their price target on Burlington Stores from $296.00 to $297.00 and gave the company an “overweight” rating in a research note on Friday, March 7th. Barclays raised their price target on Burlington Stores from $317.00 to $329.00 and gave the stock an “overweight” rating in a research report on Friday, March 7th. UBS Group upped their price objective on Burlington Stores from $360.00 to $405.00 and gave the company a “buy” rating in a report on Friday, March 7th. Finally, TD Cowen raised their target price on Burlington Stores from $334.00 to $339.00 and gave the stock a “buy” rating in a report on Thursday, December 12th. One research analyst has rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $323.20.

Insiders Place Their Bets

In other news, CMO Jennifer Vecchio sold 493 shares of the firm’s stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $275.75, for a total transaction of $135,944.75. Following the completion of the transaction, the chief marketing officer now directly owns 58,944 shares of the company’s stock, valued at $16,253,808. This trade represents a 0.83 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.91% of the company’s stock.

Burlington Stores Price Performance

NYSE BURL opened at $255.31 on Thursday. 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 stock has a market cap of $16.14 billion, a price-to-earnings ratio of 34.97, a PEG ratio of 1.11 and a beta of 1.73. The business has a 50 day simple moving average of $251.21 and a 200 day simple moving average of $265.80. Burlington Stores, Inc. has a 52-week low of $174.64 and a 52-week high of $298.89.

Burlington Stores (NYSE:BURL) last issued its quarterly earnings data on Thursday, March 6th. The company reported $4.07 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.75 by $0.32. Burlington Stores had a net margin of 4.49% and a return on equity of 47.52%. The company had revenue of $3.28 billion during the quarter, compared to the consensus estimate of $3.25 billion. Analysts anticipate that Burlington Stores, Inc. will post 7.93 earnings per share for the current fiscal year.

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.