Centiva Capital LP Takes Position in Burlington Stores, Inc. (NYSE:BURL)

Centiva Capital LP bought a new position in shares of Burlington Stores, Inc. (NYSE:BURL - Free Report) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 2,562 shares of the company's stock, valued at approximately $675,000.

Several other institutional investors and hedge funds have also bought and sold shares of BURL. Crewe Advisors LLC bought a new position in shares of Burlington Stores in the second quarter worth $25,000. RPg Family Wealth Advisory LLC purchased a new position in Burlington Stores during the third quarter worth about $26,000. Brooklyn Investment Group bought a new position in Burlington Stores in the 3rd quarter worth about $33,000. ORG Partners LLC purchased a new stake in shares of Burlington Stores in the 2nd quarter valued at about $38,000. Finally, Blue Trust Inc. boosted its position in shares of Burlington Stores by 619.2% during the 2nd quarter. Blue Trust Inc. now owns 187 shares of the company's stock valued at $43,000 after acquiring an additional 161 shares during the last quarter.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the stock. Gordon Haskett raised shares of Burlington Stores from a "hold" rating to a "buy" rating and set a $300.00 target price on the stock in a research note on Monday, August 19th. Loop Capital raised their price objective on shares of Burlington Stores from $270.00 to $345.00 and gave the company a "buy" rating in a research report on Friday, August 30th. UBS Group lifted their price objective on shares of Burlington Stores from $270.00 to $280.00 and gave the stock a "neutral" rating in a report on Thursday, November 14th. The Goldman Sachs Group increased their target price on Burlington Stores from $278.00 to $310.00 and gave the company a "buy" rating in a research note on Friday, August 30th. Finally, Barclays dropped their price target on Burlington Stores from $327.00 to $317.00 and set an "overweight" rating for the company in a research note on Wednesday, November 27th. Two equities research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $307.69.

Burlington Stores Trading Down 1.3 %

BURL traded down $3.84 during trading on Friday, hitting $288.97. 1,009,457 shares of the stock traded hands, compared to its average volume of 998,395. The firm has a market capitalization of $18.34 billion, a P/E ratio of 39.58, a price-to-earnings-growth ratio of 1.55 and a beta of 1.64. Burlington Stores, Inc. has a 12-month low of $173.21 and a 12-month high of $298.89. The company has a debt-to-equity ratio of 1.35, a current ratio of 1.17 and a quick ratio of 0.54. The firm has a 50-day moving average of $264.67 and a 200 day moving average of $254.37.

Burlington Stores (NYSE:BURL - Get Free Report) last issued its quarterly earnings data on Tuesday, November 26th. The company reported $1.55 EPS for the quarter, beating the consensus estimate of $1.54 by $0.01. Burlington Stores had a net margin of 4.49% and a return on equity of 47.52%. The firm had revenue of $2.53 billion during the quarter, compared to the consensus estimate of $2.55 billion. During the same period in the prior year, the firm posted $0.98 earnings per share. The company's quarterly revenue was up 10.5% compared to the same quarter last year. Equities research analysts anticipate that Burlington Stores, Inc. will post 7.93 EPS for the current year.

Insider Transactions at Burlington Stores

In related news, Director Paul Sullivan sold 1,705 shares of the stock in a transaction dated Thursday, September 19th. The shares were sold at an average price of $277.05, for a total value of $472,370.25. Following the completion of the transaction, the director now directly owns 7,393 shares of the company's stock, valued at $2,048,230.65. This represents a 18.74 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CMO Jennifer Vecchio sold 494 shares of the firm's stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $293.89, for a total transaction of $145,181.66. Following the completion of the sale, the chief marketing officer now owns 59,931 shares of the company's stock, valued at $17,613,121.59. This trade represents a 0.82 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 2,283 shares of company stock worth $638,628. 0.91% of the stock is currently owned by insiders.

About Burlington Stores

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.