Burlington Stores, Inc. (NYSE:BURL) Stock Position Cut by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd reduced its position in shares of Burlington Stores, Inc. (NYSE:BURL - Free Report) by 60.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,219 shares of the company's stock after selling 4,823 shares during the period. Y Intercept Hong Kong Ltd's holdings in Burlington Stores were worth $918,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Handelsbanken Fonder AB lifted its holdings in Burlington Stores by 2.5% in the 4th quarter. Handelsbanken Fonder AB now owns 16,400 shares of the company's stock worth $4,675,000 after buying an additional 400 shares in the last quarter. Ieq Capital LLC increased its position in shares of Burlington Stores by 54.0% during the fourth quarter. Ieq Capital LLC now owns 3,349 shares of the company's stock worth $955,000 after acquiring an additional 1,175 shares during the last quarter. Buckingham Capital Management Inc. lifted its stake in shares of Burlington Stores by 159.0% in the fourth quarter. Buckingham Capital Management Inc. now owns 17,419 shares of the company's stock worth $4,965,000 after acquiring an additional 10,693 shares in the last quarter. Kestra Investment Management LLC purchased a new position in Burlington Stores in the fourth quarter valued at about $521,000. Finally, Peregrine Capital Management LLC boosted its holdings in Burlington Stores by 10.0% in the fourth quarter. Peregrine Capital Management LLC now owns 41,990 shares of the company's stock valued at $11,970,000 after purchasing an additional 3,828 shares during the last quarter.

Insider Activity

In other Burlington Stores news, CMO Jennifer Vecchio sold 494 shares of the firm's stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $284.95, for a total value of $140,765.30. Following the sale, the chief marketing officer now owns 59,437 shares in the company, valued at approximately $16,936,573.15. This trade represents a 0.82 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.91% of the company's stock.

Burlington Stores Stock Performance

Shares of NYSE BURL traded down $13.66 during mid-day trading on Monday, hitting $235.67. The company had a trading volume of 1,193,645 shares, compared to its average volume of 870,317. Burlington Stores, Inc. has a 12 month low of $174.64 and a 12 month high of $298.89. The stock has a market cap of $14.96 billion, a price-to-earnings ratio of 32.28, a PEG ratio of 1.11 and a beta of 1.62. 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 firm's 50 day simple moving average is $273.18 and its two-hundred day simple moving average is $270.47.

Analyst Ratings Changes

Several research firms have issued reports on BURL. Morgan Stanley lifted their price objective on Burlington Stores from $285.00 to $305.00 and gave the stock an "overweight" rating in a report on Wednesday, November 27th. Telsey Advisory Group reaffirmed an "outperform" rating and issued a $340.00 price target on shares of Burlington Stores in a report on Thursday. UBS Group raised shares of Burlington Stores from a "neutral" rating to a "buy" rating and raised their price objective for the stock from $280.00 to $360.00 in a report on Friday, January 10th. TD Cowen boosted their target price on shares of Burlington Stores from $334.00 to $339.00 and gave the stock a "buy" rating in a research report on Thursday, December 12th. Finally, Citigroup increased their price target on shares of Burlington Stores from $313.00 to $344.00 and gave the stock a "buy" rating in a research report on Wednesday, November 27th. One analyst has rated the stock with a hold rating and fifteen have given a buy rating to the company. According to MarketBeat.com, Burlington Stores currently has a consensus rating of "Moderate Buy" and an average target price of $319.87.

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.