ExodusPoint Capital Management LP Boosts Stock Position in Burlington Stores, Inc. (NYSE:BURL)

ExodusPoint Capital Management LP increased its position in Burlington Stores, Inc. (NYSE:BURL - Free Report) by 204.8% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 14,102 shares of the company's stock after acquiring an additional 9,475 shares during the period. ExodusPoint Capital Management LP's holdings in Burlington Stores were worth $4,020,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Geode Capital Management LLC increased its holdings in shares of Burlington Stores by 0.8% in the fourth quarter. Geode Capital Management LLC now owns 1,083,852 shares of the company's stock valued at $308,403,000 after purchasing an additional 8,892 shares during the period. Massachusetts Financial Services Co. MA increased its holdings in Burlington Stores by 30.8% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 955,648 shares of the company's stock worth $272,417,000 after buying an additional 225,124 shares during the period. Norges Bank purchased a new position in Burlington Stores during the 4th quarter worth approximately $227,268,000. American Century Companies Inc. lifted its stake in Burlington Stores by 17.1% during the 4th quarter. American Century Companies Inc. now owns 708,120 shares of the company's stock valued at $201,857,000 after acquiring an additional 103,202 shares during the period. Finally, Arrowstreet Capital Limited Partnership boosted its holdings in shares of Burlington Stores by 38.6% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 506,170 shares of the company's stock valued at $144,289,000 after acquiring an additional 141,020 shares during the last quarter.

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Analyst Upgrades and Downgrades

Several research analysts recently issued reports on BURL shares. UBS Group raised their target price on shares of Burlington Stores from $360.00 to $405.00 and gave the stock a "buy" rating in a report on Friday, March 7th. Morgan Stanley lifted their price objective on Burlington Stores from $296.00 to $297.00 and gave the company an "overweight" rating in a research note on Friday, March 7th. Robert W. Baird upped their target price on Burlington Stores from $330.00 to $335.00 and gave the stock an "outperform" rating in a research note on Friday, March 7th. Citigroup reduced their price target on Burlington Stores from $344.00 to $340.00 and set a "buy" rating for the company in a research report on Friday, March 7th. Finally, Telsey Advisory Group restated an "outperform" rating and issued a $340.00 price objective on shares of Burlington Stores in a research report on Thursday, March 6th. One research analyst has rated the stock with a hold rating and fifteen have given a buy rating to the company's stock. According to MarketBeat, Burlington Stores has an average rating of "Moderate Buy" and a consensus target price of $323.20.

Insider Buying and Selling at Burlington Stores

In other news, CMO Jennifer Vecchio sold 4,939 shares of the company'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 sale, the chief marketing officer now owns 70,006 shares of the company's stock, valued at $16,797,239.64. This represents a 6.59 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.91% of the company's stock.

Burlington Stores Price Performance

NYSE BURL traded down $2.85 on Friday, hitting $240.59. The company had a trading volume of 1,114,783 shares, compared to its average volume of 973,415. 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 company's fifty day moving average price is $241.92 and its 200-day moving average price is $263.46. The company has a market capitalization of $15.21 billion, a PE ratio of 32.96, a PEG ratio of 1.11 and a beta of 1.65. Burlington Stores, Inc. has a 12-month low of $174.64 and a 12-month high of $298.89.

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

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.