Versor Investments LP Sells 3,863 Shares of Burlington Stores, Inc. (NYSE:BURL)

Versor Investments LP cut its position in Burlington Stores, Inc. (NYSE:BURL) by 80.5% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 937 shares of the company’s stock after selling 3,863 shares during the quarter. Versor Investments LP’s holdings in Burlington Stores were worth $267,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the company. Massachusetts Financial Services Co. MA boosted its position in shares of Burlington Stores by 1,048.8% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 730,524 shares of the company’s stock worth $192,478,000 after purchasing an additional 666,934 shares in the last quarter. Proficio Capital Partners LLC purchased a new stake in Burlington Stores in the fourth quarter valued at about $20,965,000. Principal Financial Group Inc. boosted its holdings in Burlington Stores by 35.3% in the fourth quarter. Principal Financial Group Inc. now owns 227,020 shares of the company’s stock worth $64,714,000 after acquiring an additional 59,173 shares in the last quarter. Robeco Institutional Asset Management B.V. grew its stake in shares of Burlington Stores by 3,041.5% during the third quarter. Robeco Institutional Asset Management B.V. now owns 30,912 shares of the company’s stock worth $8,145,000 after acquiring an additional 29,928 shares during the last quarter. Finally, KBC Group NV increased its holdings in shares of Burlington Stores by 317.6% during the third quarter. KBC Group NV now owns 37,563 shares of the company’s stock valued at $9,897,000 after acquiring an additional 28,567 shares in the last quarter.

Analyst Upgrades and Downgrades

A number of research firms recently commented on BURL. Telsey Advisory Group reiterated an “outperform” rating and issued a $340.00 target price on shares of Burlington Stores in a research note on Thursday, February 27th. Citigroup raised their price target on shares of Burlington Stores from $313.00 to $344.00 and gave the stock a “buy” rating in a report on Wednesday, November 27th. UBS Group raised shares of Burlington Stores from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $280.00 to $360.00 in a report on Friday, January 10th. Robert W. Baird raised their target price on Burlington Stores from $315.00 to $330.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 27th. Finally, Evercore ISI lifted their price target on Burlington Stores from $315.00 to $340.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 27th. One equities research analyst has rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. According to data from MarketBeat.com, Burlington Stores presently has a consensus rating of “Moderate Buy” and a consensus price target of $319.87.

Insiders Place Their Bets

In other Burlington Stores news, CMO Jennifer Vecchio sold 494 shares of the company’s stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $284.95, for a total value of $140,765.30. Following the completion of the transaction, the chief marketing officer now owns 59,437 shares in the company, valued at approximately $16,936,573.15. This represents a 0.82 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.91% of the company’s stock.

Burlington Stores Stock Down 5.5 %

Shares of BURL opened at $235.67 on Tuesday. The company has a market capitalization of $14.96 billion, a price-to-earnings ratio of 32.28, a PEG ratio of 1.11 and a beta of 1.62. Burlington Stores, Inc. has a 52 week low of $174.64 and a 52 week high of $298.89. The stock’s 50-day moving average price is $272.22 and its 200-day moving average price is $270.26. 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 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.