WINTON GROUP Ltd has a $733,000 equity position in Burlington Stores, Inc. (NYSE:BURL)

WINTON GROUP Ltd. reduced its position in shares of Burlington Stores, Inc. (NYSE:BURL – Free Report) by 38.4% in the 2nd quarter, according to the company’s most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,056 shares of the company’s stock after selling 1,902 shares during the quarter. WINTON GROUP Ltd.’s holdings in Burlington Stores were worth $733,000, according to its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. 1832 Asset Management LP increased its position in Burlington Stores by 300.5% in the fourth quarter. 1832 Asset Management LP now owns 1,034,218 shares of the company’s stock worth $201,135,000 after purchasing an additional 775,961 shares in the last quarter. Norges Bank purchased a new position in shares of Burlington Stores in the fourth quarter worth approximately $145,471,000. Bain Capital Public Equity Management II LLC purchased a new position in Burlington Stores in the fourth quarter worth approximately $100,164,000. Los Angeles Capital Management LLC increased its position in Burlington Stores by 466.1% in the first quarter. Los Angeles Capital Management LLC now owns 493,614 shares of the company’s stock worth $114,612,000 after purchasing an additional 406,426 shares in the last quarter. Finally, Coatue Management LLC purchased a new stake in shares of Burlington Stores during the 4th quarter worth $77,735,000.

Insider transactions at Burlington Stores

In related news, CMO Jennifer Vecchio sold 494 shares of Burlington Stores stock in a transaction dated Thursday, August 1. The shares were sold at an average price of $255.37, for a total transaction of $126,152.78. Following the sale, the chief marketing officer now directly owns 61,907 shares in the company, valued at $15,809,190.59. The sale was disclosed in a document filed with the SEC, which is available on the SEC website. Corporate insiders own 0.91% of the company’s shares.

Burlington Stores Stock Performance

NYSE:BURL opened Wednesday at $270.27. The stock has a market cap of $17.25 billion, a price-to-earnings ratio of 45.27, a price-to-earnings growth ratio of 1.37 and a beta of 1.64. Burlington Stores, Inc. has a 52-week low of $115.66 and a 52-week high of $282.49. The company’s 50-day simple moving average is $258.87 and its 200-day simple moving average is $228.08. The company has a quick ratio of 0.48, a current ratio of 1.04 and a debt-to-equity ratio of 1.15.

Burlington Stores (NYSE:BURL – Get Free Report) last announced its quarterly earnings results on Thursday, August 29. The company reported $1.20 EPS for the quarter, topping the consensus estimate of $0.95 by $0.25. The company had revenue of $2.47 billion for the quarter, compared to analyst estimates of $2.42 billion. Burlington Stores had a net margin of 4.18% and a return on equity of 47.43%. The company’s revenue increased 13.4% year over year. During the same period last year, the company posted $0.60 EPS. Analysts expect Burlington Stores, Inc. to post 7.86 EPS for the current fiscal year.

Wall Street analysts weigh in

Several research firms have recently weighed in on BURL. Citigroup increased their price target on Burlington Stores from $276.00 to $313.00 and gave the company a “buy” rating in a research note on Friday, August 30th. Telsey Advisory Group reiterated an “outperform” rating and set a $300.00 price target on shares of Burlington Stores in a research note on Thursday, August 29th. Goldman Sachs Group increased their price target on Burlington Stores from $278.00 to $310.00 and gave the company a “buy” rating in a research note on Friday, August 30th. TD Cowen increased their price target on Burlington Stores from $279.00 to $288.00 and gave the company a “buy” rating in a research note on Friday, August 30th. Finally, Robert W. Baird raised their price target on Burlington Stores from $260.00 to $275.00 and gave the stock an “outperform” rating in a research note on Friday, May 31st. One analyst has rated the stock with a hold rating and sixteen have rated it with a buy rating. According to data from MarketBeat.com, Burlington Stores has a consensus rating of “Moderate Buy” and a consensus target price of $294.94.

Check out our latest report on BURL

Burlington Stores Company Profile

(Free Report)

Burlington Stores, Inc. operates as a branded retail company in the United States. The company offers fashion-focused products including women’s apparel, men’s apparel, youth apparel, footwear, accessories, toys, gifts and coats, as well as baby, home and beauty products.

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