Cinctive Capital Management LP Invests $1.98 Million in Burlington Stores, Inc. (NYSE:BURL)

Cinctive Capital Management LP bought a new position in shares of Burlington Stores, Inc. (NYSE:BURL - Free Report) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 7,527 shares of the company's stock, valued at approximately $1,983,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in BURL. Massachusetts Financial Services Co. MA lifted its position in shares of Burlington Stores by 1,048.8% in the third quarter. Massachusetts Financial Services Co. MA now owns 730,524 shares of the company's stock worth $192,478,000 after buying an additional 666,934 shares in the last quarter. AQR Capital Management LLC grew its stake in shares of Burlington Stores by 2,542.2% in the 2nd quarter. AQR Capital Management LLC now owns 247,970 shares of the company's stock worth $59,114,000 after buying an additional 238,585 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Burlington Stores by 54.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 587,376 shares of the company's stock worth $140,968,000 after buying an additional 207,959 shares during the last quarter. Marshall Wace LLP purchased a new stake in shares of Burlington Stores during the 2nd quarter valued at about $47,725,000. Finally, Assenagon Asset Management S.A. lifted its holdings in shares of Burlington Stores by 1,917.3% in the 2nd quarter. Assenagon Asset Management S.A. now owns 207,260 shares of the company's stock valued at $49,742,000 after acquiring an additional 196,986 shares during the last quarter.

Wall Street Analysts Forecast Growth

BURL has been the subject of a number of recent research reports. Gordon Haskett upgraded Burlington Stores from a "hold" rating to a "buy" rating and set a $300.00 target price for the company in a report on Monday, August 19th. Barclays dropped their target price on shares of Burlington Stores from $327.00 to $317.00 and set an "overweight" rating on the stock in a research note on Wednesday, November 27th. StockNews.com downgraded shares of Burlington Stores from a "buy" rating to a "hold" rating in a research note on Wednesday, October 23rd. Loop Capital raised their price objective on Burlington Stores from $270.00 to $345.00 and gave the stock a "buy" rating in a report on Friday, August 30th. Finally, TD Cowen raised their price target on Burlington Stores from $288.00 to $334.00 and gave the company a "buy" rating in a research note on Monday, November 25th. Two equities research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. Based on data from MarketBeat, Burlington Stores presently has a consensus rating of "Moderate Buy" and an average price target of $307.69.

Burlington Stores Trading Down 1.0 %

BURL stock traded down $2.87 during trading on Tuesday, reaching $287.47. 434,344 shares of the stock were exchanged, compared to its average volume of 901,001. The business has a 50 day moving average price of $263.27 and a 200-day moving average price of $252.04. The firm has a market capitalization of $18.25 billion, a price-to-earnings ratio of 39.79, a P/E/G ratio of 1.50 and a beta of 1.64. 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 1 year low of $172.80 and a 1 year high of $298.89.

Burlington Stores (NYSE:BURL - Get Free Report) last announced its earnings results on Tuesday, November 26th. The company reported $1.55 EPS for the quarter, beating analysts' consensus estimates of $1.53 by $0.02. The company had revenue of $2.53 billion during the quarter, compared to analysts' expectations of $2.55 billion. Burlington Stores had a return on equity of 47.52% and a net margin of 4.49%. Burlington Stores's revenue for the quarter was up 10.5% on a year-over-year basis. During the same period last year, the business posted $0.98 EPS. On average, research analysts predict that Burlington Stores, Inc. will post 7.92 earnings per share for the current year.

Insiders Place Their Bets

In other 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 value of $472,370.25. Following the completion of the transaction, the director now owns 7,393 shares in the company, valued at approximately $2,048,230.65. This represents a 18.74 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. 0.91% of the stock is currently owned by company 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.