Point72 Hong Kong Ltd Makes New Investment in Burlington Stores, Inc. (NYSE:BURL)

Point72 Hong Kong Ltd purchased a new stake in shares of Burlington Stores, Inc. (NYSE:BURL - Free Report) during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 28,322 shares of the company's stock, valued at approximately $7,462,000.

A number of other institutional investors have also added to or reduced their stakes in the company. Edgestream Partners L.P. bought a new position in shares of Burlington Stores in the 3rd quarter worth about $3,795,000. Caisse DE Depot ET Placement DU Quebec purchased a new position in shares of Burlington Stores during the third quarter valued at approximately $2,213,000. Fred Alger Management LLC boosted its position in shares of Burlington Stores by 0.6% in the 3rd quarter. Fred Alger Management LLC now owns 250,891 shares of the company's stock worth $66,105,000 after purchasing an additional 1,442 shares in the last quarter. Captrust Financial Advisors grew its stake in shares of Burlington Stores by 1.7% in the 3rd quarter. Captrust Financial Advisors now owns 4,413 shares of the company's stock worth $1,163,000 after buying an additional 75 shares during the last quarter. Finally, Vinva Investment Management Ltd increased its position in Burlington Stores by 263.5% during the 3rd quarter. Vinva Investment Management Ltd now owns 16,303 shares of the company's stock valued at $4,323,000 after buying an additional 11,818 shares in the last quarter.

Burlington Stores Price Performance

Burlington Stores stock traded down $6.48 during mid-day trading on Friday, hitting $281.88. The stock had a trading volume of 677,005 shares, compared to its average volume of 983,162. Burlington Stores, Inc. has a one year low of $168.49 and a one year high of $298.89. The company has a current ratio of 1.17, a quick ratio of 0.48 and a debt-to-equity ratio of 1.35. The firm has a market capitalization of $17.89 billion, a P/E ratio of 38.61, a P/E/G ratio of 1.44 and a beta of 1.64. The firm's 50 day moving average is $262.90 and its 200 day moving average is $250.98.

Burlington Stores (NYSE:BURL - Get Free Report) last released its quarterly earnings data on Tuesday, November 26th. The company reported $1.55 earnings per share for the quarter, topping analysts' consensus estimates of $1.53 by $0.02. The firm had revenue of $2.53 billion during the quarter, compared to analyst estimates of $2.55 billion. Burlington Stores had a return on equity of 47.52% and a net margin of 4.49%. The business's quarterly revenue was up 10.5% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.98 earnings per share. On average, sell-side analysts forecast that Burlington Stores, Inc. will post 7.92 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

BURL has been the subject of several analyst reports. Wells Fargo & Company raised their price target on Burlington Stores from $300.00 to $325.00 and gave the company an "overweight" rating in a report on Friday, August 23rd. Robert W. Baird upped their target price on shares of Burlington Stores from $315.00 to $330.00 and gave the stock an "outperform" rating in a research note on Wednesday. Gordon Haskett raised shares of Burlington Stores from a "hold" rating to a "buy" rating and set a $300.00 price target for the company in a research report on Monday, August 19th. Telsey Advisory Group reaffirmed an "outperform" rating and issued a $310.00 price objective on shares of Burlington Stores in a research report on Tuesday, November 26th. Finally, The Goldman Sachs Group lifted their target price on Burlington Stores from $278.00 to $310.00 and gave the stock a "buy" rating in a report on Friday, August 30th. Two analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. Based on data from MarketBeat.com, Burlington Stores presently has a consensus rating of "Moderate Buy" and a consensus price target of $307.69.

Insider Buying and Selling at Burlington Stores

In related news, Director Paul Sullivan sold 1,705 shares of the company's stock in a transaction on Thursday, September 19th. The shares were sold at an average price of $277.05, for a total transaction of $472,370.25. Following the sale, the director now 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 document filed with the Securities & Exchange Commission, which is available through this link. 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.