Burlington Stores, Inc. (NYSE:BURL) Shares Bought by Anomaly Capital Management LP

Anomaly Capital Management LP grew its position in Burlington Stores, Inc. (NYSE:BURL - Free Report) by 21.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 961,281 shares of the company's stock after purchasing an additional 172,431 shares during the period. Burlington Stores makes up approximately 8.1% of Anomaly Capital Management LP's investment portfolio, making the stock its largest holding. Anomaly Capital Management LP owned 1.51% of Burlington Stores worth $274,023,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. IFP Advisors Inc lifted its stake in Burlington Stores by 81.6% in the 4th quarter. IFP Advisors Inc now owns 89 shares of the company's stock valued at $25,000 after purchasing an additional 40 shares during the last quarter. Fortitude Family Office LLC increased its holdings in shares of Burlington Stores by 148.6% during the 4th quarter. Fortitude Family Office LLC now owns 92 shares of the company's stock worth $26,000 after acquiring an additional 55 shares during the last quarter. Stonebridge Financial Group LLC bought a new stake in Burlington Stores in the 4th quarter valued at $31,000. Farther Finance Advisors LLC boosted its position in Burlington Stores by 104.5% during the fourth quarter. Farther Finance Advisors LLC now owns 135 shares of the company's stock worth $38,000 after purchasing an additional 69 shares during the period. Finally, Parkside Financial Bank & Trust lifted its stake in shares of Burlington Stores by 157.1% during the 4th quarter. Parkside Financial Bank & Trust now owns 144 shares of the company's stock worth $41,000 after buying an additional 88 shares during the last quarter.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on BURL shares. Morgan Stanley lifted their price objective on Burlington Stores from $296.00 to $297.00 and gave the company an "overweight" rating in a report on Friday, March 7th. Citigroup decreased their target price 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. Barclays lifted their price objective on shares of Burlington Stores from $317.00 to $329.00 and gave the company an "overweight" rating in a research note on Friday, March 7th. Telsey Advisory Group reaffirmed an "outperform" rating and issued a $340.00 target price on shares of Burlington Stores in a report on Thursday, March 6th. Finally, JPMorgan Chase & Co. reduced their price objective on Burlington Stores from $336.00 to $287.00 and set an "overweight" rating on the stock in a research note on Monday, April 14th. One analyst has rated the stock with a hold rating and fifteen have issued a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $323.13.

Burlington Stores Stock Up 1.4 %

NYSE:BURL traded up $3.10 during mid-day trading on Thursday, hitting $221.00. The stock had a trading volume of 988,372 shares, compared to its average volume of 981,133. The company has a current ratio of 1.17, a quick ratio of 0.54 and a debt-to-equity ratio of 1.35. Burlington Stores, Inc. has a twelve month low of $174.64 and a twelve month high of $298.89. The company has a market capitalization of $13.92 billion, a PE ratio of 30.27, a PEG ratio of 1.11 and a beta of 1.65. The stock has a 50-day simple moving average of $236.59 and a two-hundred day simple moving average of $261.18.

Burlington Stores (NYSE:BURL - Get Free Report) last issued its quarterly earnings data on Thursday, March 6th. The company reported $4.07 earnings per share for the quarter, beating analysts' consensus estimates of $3.75 by $0.32. Burlington Stores had a return on equity of 47.52% and a net margin of 4.49%. The company had revenue of $3.28 billion during the quarter, compared to analysts' expectations of $3.25 billion. On average, equities research analysts anticipate that Burlington Stores, Inc. will post 7.93 EPS for the current year.

Insider Activity at Burlington Stores

In related news, CMO Jennifer Vecchio sold 4,939 shares of the stock in a transaction 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 completion of the sale, the chief marketing officer now directly owns 70,006 shares in the company, valued at approximately $16,797,239.64. This represents a 6.59 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 1.10% of the company's stock.

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.