Burlington Stores, Inc. (NYSE:BURL) Shares Sold by Renaissance Technologies LLC

Renaissance Technologies LLC reduced its position in Burlington Stores, Inc. (NYSE:BURL - Free Report) by 76.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 20,000 shares of the company's stock after selling 65,700 shares during the quarter. Renaissance Technologies LLC's holdings in Burlington Stores were worth $5,701,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Norges Bank bought a new stake in shares of Burlington Stores during the 4th quarter worth approximately $227,268,000. Massachusetts Financial Services Co. MA lifted its position in shares of Burlington Stores by 30.8% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 955,648 shares of the company's stock worth $272,417,000 after purchasing an additional 225,124 shares during the last quarter. Arrowstreet Capital Limited Partnership boosted its stake in shares of Burlington Stores by 38.6% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 506,170 shares of the company's stock valued at $144,289,000 after purchasing an additional 141,020 shares during the period. American Century Companies Inc. grew its holdings in shares of Burlington Stores by 17.1% in the fourth quarter. American Century Companies Inc. now owns 708,120 shares of the company's stock worth $201,857,000 after purchasing an additional 103,202 shares during the last quarter. Finally, Bank of Nova Scotia increased its stake in Burlington Stores by 3,169.9% in the 4th quarter. Bank of Nova Scotia now owns 80,374 shares of the company's stock worth $22,911,000 after buying an additional 77,916 shares during the period.

Analysts Set New Price Targets

A number of brokerages have commented on BURL. Citigroup dropped their target price on shares of Burlington Stores from $344.00 to $340.00 and set a "buy" rating on the stock in a research note on Friday, March 7th. Telsey Advisory Group restated an "outperform" rating and set a $340.00 price objective on shares of Burlington Stores in a report on Thursday, March 6th. UBS Group upped their target price on Burlington Stores from $360.00 to $405.00 and gave the stock a "buy" rating in a report on Friday, March 7th. JPMorgan Chase & Co. cut their price target 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. Finally, Barclays upped their price objective on shares of Burlington Stores from $317.00 to $329.00 and gave the stock an "overweight" rating in a research note on Friday, March 7th. One investment analyst has rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $323.13.

Burlington Stores Stock Up 1.1 %

Burlington Stores stock traded up $2.50 during midday trading on Thursday, reaching $220.40. The company's stock had a trading volume of 194,450 shares, compared to its average volume of 978,057. 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 stock has a market capitalization of $13.88 billion, a P/E ratio of 30.24, a PEG ratio of 1.11 and a beta of 1.65. The stock's 50-day simple moving average is $237.06 and its 200-day simple moving average is $261.36. Burlington Stores, Inc. has a 52-week low of $174.64 and a 52-week high of $298.89.

Burlington Stores (NYSE:BURL - Get Free Report) 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 firm had revenue of $3.28 billion during the quarter, compared to analyst estimates of $3.25 billion. Burlington Stores had a net margin of 4.49% and a return on equity of 47.52%. On average, sell-side analysts expect that Burlington Stores, Inc. will post 7.93 EPS for the current year.

Insider Buying and Selling

In related news, CMO Jennifer Vecchio sold 4,939 shares of the firm's stock in a transaction on Thursday, March 20th. The shares were sold at an average price of $239.94, for a total transaction of $1,185,063.66. Following the completion of the transaction, the chief marketing officer now owns 70,006 shares of the company's stock, valued at $16,797,239.64. This trade represents a 6.59 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate 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.