Point72 Asia Singapore Pte. Ltd. Acquires New Stake in Burlington Stores, Inc. (NYSE:BURL)

Point72 Asia Singapore Pte. Ltd. purchased a new stake in Burlington Stores, Inc. (NYSE:BURL - Free Report) in the third quarter, according to its most recent filing with the SEC. The fund purchased 3,154 shares of the company's stock, valued at approximately $831,000.

Several other institutional investors and hedge funds have also made changes to their positions in BURL. Sumitomo Mitsui Trust Group Inc. boosted its position in Burlington Stores by 2.3% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 145,552 shares of the company's stock worth $38,350,000 after acquiring an additional 3,246 shares during the period. Alpha DNA Investment Management LLC acquired a new stake in Burlington Stores in the third quarter worth approximately $764,000. Tidal Investments LLC raised its stake in shares of Burlington Stores by 178.4% in the 1st quarter. Tidal Investments LLC now owns 6,163 shares of the company's stock worth $1,431,000 after buying an additional 3,949 shares in the last quarter. Cetera Investment Advisers acquired a new position in Burlington Stores during the first quarter worth about $2,851,000. Finally, AMF Tjanstepension AB bought a new position in shares of Burlington Stores during the 2nd quarter valued at about $8,186,000.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on BURL shares. Bank of America lifted their target price on Burlington Stores from $275.00 to $315.00 and gave the stock a "buy" rating in a report on Friday, August 30th. Evercore ISI upped their target price on Burlington Stores from $315.00 to $340.00 and gave the company an "outperform" rating in a report on Wednesday, November 27th. Morgan Stanley increased their target price on shares of Burlington Stores from $285.00 to $305.00 and gave the stock an "overweight" rating in a research report on Wednesday, November 27th. Loop Capital upped their target price on Burlington Stores from $270.00 to $345.00 and gave the stock a "buy" rating in a research report on Friday, August 30th. Finally, UBS Group lifted their price objective on shares of Burlington Stores from $270.00 to $280.00 and gave the company a "neutral" rating in a research note on Thursday, November 14th. Two research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $307.69.

Burlington Stores Trading Up 3.9 %

NYSE BURL traded up $10.95 during trading on Monday, reaching $292.83. 655,653 shares of the stock traded hands, compared to its average volume of 899,554. Burlington Stores, Inc. has a fifty-two week low of $172.80 and a fifty-two week high of $298.89. The company has a quick ratio of 0.48, a current ratio of 1.17 and a debt-to-equity ratio of 1.35. The firm has a market cap of $18.59 billion, a price-to-earnings ratio of 40.15, a price-to-earnings-growth ratio of 1.44 and a beta of 1.64. The stock's 50-day moving average price is $262.90 and its 200 day moving average price is $251.37.

Burlington Stores (NYSE:BURL - Get Free Report) last released its earnings results on Tuesday, November 26th. The company reported $1.55 earnings per share (EPS) 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 analysts' expectations of $2.55 billion. Burlington Stores had a return on equity of 47.52% and a net margin of 4.49%. The company's revenue was up 10.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.98 EPS. Analysts predict that Burlington Stores, Inc. will post 7.92 EPS for the current year.

Insider Buying and Selling

In related news, Director Paul Sullivan sold 1,705 shares of the company's stock in a transaction dated Thursday, September 19th. The shares were sold at an average price of $277.05, for a total value of $472,370.25. Following the transaction, the director now directly owns 7,393 shares in the company, valued at approximately $2,048,230.65. This represents a 18.74 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 0.91% of the stock is currently owned by corporate insiders.

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.