ExodusPoint Capital Management LP Purchases 9,475 Shares of Burlington Stores, Inc. (NYSE:BURL)

ExodusPoint Capital Management LP grew its position in Burlington Stores, Inc. (NYSE:BURL) by 204.8% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 14,102 shares of the company’s stock after purchasing an additional 9,475 shares during the quarter. ExodusPoint Capital Management LP’s holdings in Burlington Stores were worth $4,020,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the company. Buckingham Capital Management Inc. grew its holdings in Burlington Stores by 159.0% during the 4th quarter. Buckingham Capital Management Inc. now owns 17,419 shares of the company’s stock worth $4,965,000 after acquiring an additional 10,693 shares in the last quarter. Logan Capital Management Inc. boosted its stake in shares of Burlington Stores by 9.1% during the third quarter. Logan Capital Management Inc. now owns 56,354 shares of the company’s stock valued at $14,848,000 after purchasing an additional 4,695 shares in the last quarter. Allspring Global Investments Holdings LLC increased its holdings in Burlington Stores by 7.5% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 378,921 shares of the company’s stock valued at $108,292,000 after buying an additional 26,412 shares during the period. HB Wealth Management LLC bought a new position in Burlington Stores in the fourth quarter worth approximately $265,000. Finally, Principal Financial Group Inc. lifted its holdings in Burlington Stores by 35.3% during the fourth quarter. Principal Financial Group Inc. now owns 227,020 shares of the company’s stock worth $64,714,000 after buying an additional 59,173 shares during the period.

Insiders Place Their Bets

In other Burlington Stores news, CMO Jennifer Vecchio sold 4,939 shares of the company’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 sale, the chief marketing officer now owns 70,006 shares in the company, valued at approximately $16,797,239.64. This represents a 6.59 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. 0.91% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

BURL has been the subject of several recent research reports. TD Cowen boosted their price target on Burlington Stores from $334.00 to $339.00 and gave the stock a “buy” rating in a research report on Thursday, December 12th. Barclays boosted their target price on shares of Burlington Stores from $317.00 to $329.00 and gave the stock an “overweight” rating in a report on Friday, March 7th. Morgan Stanley lifted their price objective on shares of Burlington Stores from $296.00 to $297.00 and gave the stock an “overweight” rating in a research report on Friday, March 7th. Robert W. Baird increased their target price 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. Finally, Citigroup cut their price target 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. One analyst has rated the stock with a hold rating and fifteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $323.20.

Burlington Stores Trading Down 2.2 %

Burlington Stores stock opened at $230.52 on Monday. The stock has a 50-day moving average price of $248.86 and a 200 day moving average price of $265.23. The company has a market capitalization of $14.57 billion, a price-to-earnings ratio of 31.58, a price-to-earnings-growth ratio of 1.11 and a beta of 1.73. Burlington Stores, Inc. has a 52 week low of $174.64 and a 52 week high of $298.89. The company has a quick ratio of 0.54, a current ratio of 1.17 and a debt-to-equity ratio of 1.35.

Burlington Stores (NYSE:BURL) last announced its quarterly earnings data on Thursday, March 6th. The company reported $4.07 EPS for the quarter, beating the consensus estimate of $3.75 by $0.32. The business had revenue of $3.28 billion during the quarter, compared to analysts’ expectations of $3.25 billion. Burlington Stores had a net margin of 4.49% and a return on equity of 47.52%. Sell-side analysts anticipate that Burlington Stores, Inc. will post 7.93 EPS for the current year.

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.