Quadrature Capital Ltd Cuts Stake in Burlington Stores, Inc. (NYSE:BURL)

Quadrature Capital Ltd lessened its position in Burlington Stores, Inc. (NYSE:BURL - Free Report) by 59.2% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 10,992 shares of the company's stock after selling 15,956 shares during the period. Quadrature Capital Ltd's holdings in Burlington Stores were worth $2,896,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the company. RPg Family Wealth Advisory LLC acquired a new stake in shares of Burlington Stores in the third quarter valued at about $26,000. Crewe Advisors LLC acquired a new stake in shares of Burlington Stores in the second quarter valued at about $25,000. Brooklyn Investment Group acquired a new stake in shares of Burlington Stores in the third quarter valued at about $33,000. ORG Partners LLC acquired a new stake in shares of Burlington Stores in the second quarter valued at about $38,000. Finally, UMB Bank n.a. lifted its stake in shares of Burlington Stores by 391.7% in the third quarter. UMB Bank n.a. now owns 177 shares of the company's stock valued at $47,000 after purchasing an additional 141 shares during the period.

Insider Activity at Burlington Stores

In related news, Director Paul Sullivan sold 1,705 shares of the stock in a transaction that occurred on Thursday, September 19th. The shares were sold at an average price of $277.05, for a total transaction of $472,370.25. Following the completion of the sale, the director now owns 7,393 shares of the company's stock, valued at approximately $2,048,230.65. This represents a 18.74 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CMO Jennifer Vecchio sold 494 shares of the firm'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 transaction of $145,181.66. Following the completion of the transaction, the chief marketing officer now owns 59,931 shares in the company, valued at $17,613,121.59. The trade was a 0.82 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 2,283 shares of company stock worth $638,628. 0.91% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several analysts recently commented on the stock. Loop Capital raised their price objective on shares of Burlington Stores from $270.00 to $345.00 and gave the company a "buy" rating in a research note on Friday, August 30th. Barclays reduced their price objective on shares of Burlington Stores from $327.00 to $317.00 and set an "overweight" rating for the company in a research note on Wednesday, November 27th. Citigroup raised their target price on shares of Burlington Stores from $313.00 to $344.00 and gave the company a "buy" rating in a report on Wednesday, November 27th. Gordon Haskett upgraded shares of 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. Finally, Telsey Advisory Group restated an "outperform" rating and set a $310.00 target price on shares of Burlington Stores in a report on Tuesday, November 26th. Two analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. According to MarketBeat, Burlington Stores presently has a consensus rating of "Moderate Buy" and a consensus price target of $307.69.

Burlington Stores Trading Down 1.3 %

Shares of NYSE BURL traded down $3.84 during midday trading on Friday, reaching $288.97. 827,615 shares of the stock were exchanged, compared to its average volume of 902,193. The company has a market capitalization of $18.34 billion, a P/E ratio of 39.58, a P/E/G ratio of 1.52 and a beta of 1.64. Burlington Stores, Inc. has a 52-week low of $173.21 and a 52-week high of $298.89. The company has a current ratio of 1.17, a quick ratio of 0.54 and a debt-to-equity ratio of 1.35. The stock has a 50 day moving average price of $264.67 and a 200-day moving average price of $253.92.

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

Burlington Stores Company 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.