Polar Asset Management Partners Inc. Acquires Shares of 18,200 Burlington Stores, Inc. (NYSE:BURL)

Polar Asset Management Partners Inc. bought a new stake in 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 institutional investor bought 18,200 shares of the company's stock, valued at approximately $4,795,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Crewe Advisors LLC bought a new stake in Burlington Stores during the second quarter worth $25,000. RPg Family Wealth Advisory LLC bought a new stake in shares of Burlington Stores during the 3rd quarter worth $26,000. Brooklyn Investment Group bought a new stake in shares of Burlington Stores during the 3rd quarter worth $33,000. ORG Partners LLC purchased a new position in shares of Burlington Stores in the 2nd quarter worth about $38,000. Finally, Blue Trust Inc. grew its position in Burlington Stores by 619.2% during the second quarter. Blue Trust Inc. now owns 187 shares of the company's stock valued at $43,000 after buying an additional 161 shares during the period.

Insider Activity

In other news, CMO Jennifer Vecchio sold 494 shares of the business's stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $293.89, for a total value of $145,181.66. Following the completion of the sale, the chief marketing officer now directly owns 59,931 shares in the company, valued at approximately $17,613,121.59. The trade was a 0.82 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, 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 transaction of $472,370.25. Following the sale, the director now owns 7,393 shares of the company's stock, valued at approximately $2,048,230.65. The trade was a 18.74 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 2,283 shares of company stock worth $638,628. 0.91% of the stock is currently owned by insiders.

Burlington Stores Price Performance

Burlington Stores stock traded up $2.04 during midday trading on Thursday, reaching $292.81. 704,465 shares of the stock were exchanged, compared to its average volume of 901,737. Burlington Stores, Inc. has a 52 week low of $173.21 and a 52 week high of $298.89. The company has a debt-to-equity ratio of 1.35, a quick ratio of 0.54 and a current ratio of 1.17. The firm has a market cap of $18.59 billion, a PE ratio of 40.11, a PEG ratio of 1.52 and a beta of 1.64. The company's fifty day moving average is $264.19 and its 200-day moving average is $253.24.

Burlington Stores (NYSE:BURL - Get Free Report) last released its quarterly earnings results on Tuesday, November 26th. The company reported $1.55 earnings per share for the quarter, topping the consensus estimate of $1.54 by $0.01. Burlington Stores had a net margin of 4.49% and a return on equity of 47.52%. The firm had revenue of $2.53 billion for the quarter, compared to analysts' expectations of $2.55 billion. During the same quarter in the prior year, the firm posted $0.98 earnings per share. The business's quarterly revenue was up 10.5% on a year-over-year basis. On average, sell-side analysts forecast that Burlington Stores, Inc. will post 7.93 EPS for the current year.

Analysts Set New Price Targets

Several analysts have commented on the stock. Telsey Advisory Group reaffirmed an "outperform" rating and issued a $310.00 price objective on shares of Burlington Stores in a research report on Tuesday, November 26th. Morgan Stanley lifted their price target on shares of Burlington Stores from $285.00 to $305.00 and gave the stock an "overweight" rating in a report on Wednesday, November 27th. Evercore ISI increased their price objective on Burlington Stores from $315.00 to $340.00 and gave the company an "outperform" rating in a report on Wednesday, November 27th. StockNews.com downgraded Burlington Stores from a "buy" rating to a "hold" rating in a research report on Wednesday, October 23rd. Finally, Barclays dropped their price target on Burlington Stores from $327.00 to $317.00 and set an "overweight" rating on the stock in a research report on Wednesday, November 27th. Two investment analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $307.69.

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.