Trexquant Investment LP Sells 48,815 Shares of Burlington Stores, Inc. (NYSE:BURL)

Trexquant Investment LP reduced its stake in Burlington Stores, Inc. (NYSE:BURL) by 66.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 24,898 shares of the company’s stock after selling 48,815 shares during the quarter. Trexquant Investment LP’s holdings in Burlington Stores were worth $4,842,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of BURL. Daiwa Securities Group Inc. boosted its position in shares of Burlington Stores by 13.9% during the 3rd quarter. Daiwa Securities Group Inc. now owns 5,614 shares of the company’s stock worth $760,000 after acquiring an additional 684 shares in the last quarter. Principal Financial Group Inc. boosted its position in Burlington Stores by 3.5% in the third quarter. Principal Financial Group Inc. now owns 7,986 shares of the company’s stock valued at $1,081,000 after buying an additional 267 shares in the last quarter. California Public Employees Retirement System boosted its position in Burlington Stores by 3.4% in the third quarter. California Public Employees Retirement System now owns 120,954 shares of the company’s stock valued at $16,365,000 after buying an additional 3,952 shares in the last quarter. Tokio Marine Asset Management Co. Ltd. boosted its position in Burlington Stores by 11.6% in the third quarter. Tokio Marine Asset Management Co. Ltd. now owns 1,949 shares of the company’s stock valued at $264,000 after buying an additional 203 shares in the last quarter. Finally, Nomura Asset Management Co. Ltd. boosted its position in Burlington Stores by 9.4% in the third quarter. Nomura Asset Management Co. Ltd. now owns 17,094 shares of the company’s stock valued at $2,313,000 after buying an additional 1,470 shares in the last quarter.

Insiders Place Their Bets

In other Burlington Stores news, CMO Jennifer Vecchio sold 5,025 shares of the company’s stock in a transaction dated Wednesday, March 20th. The shares were sold at an average price of $225.24, for a total value of $1,131,831.00. Following the completion of the sale, the chief marketing officer now directly owns 61,115 shares of the company’s stock, valued at approximately $13,765,542.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.91% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of analysts have weighed in on BURL shares. Telsey Advisory Group restated an “outperform” rating and issued a $250.00 target price on shares of Burlington Stores in a research report on Thursday. Evercore ISI raised their target price on shares of Burlington Stores from $220.00 to $235.00 and gave the company an “outperform” rating in a research report on Friday, February 23rd. TD Cowen cut their target price on shares of Burlington Stores from $230.00 to $209.00 and set a “hold” rating on the stock in a research report on Friday, May 17th. StockNews.com upgraded shares of Burlington Stores from a “hold” rating to a “buy” rating in a report on Saturday, March 9th. Finally, UBS Group upgraded shares of Burlington Stores from a “sell” rating to a “neutral” rating and lifted their price target for the stock from $126.00 to $212.00 in a report on Thursday, May 2nd. Three analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $220.14.

Burlington Stores Trading Down 2.5 %

BURL opened at $185.18 on Thursday. Burlington Stores, Inc. has a 1-year low of $115.66 and a 1-year high of $232.69. The company has a current ratio of 1.15, a quick ratio of 0.61 and a debt-to-equity ratio of 1.40. The company has a market cap of $11.83 billion, a P/E ratio of 35.27, a price-to-earnings-growth ratio of 1.11 and a beta of 1.54. The company has a fifty day moving average price of $199.10 and a two-hundred day moving average price of $190.25.

Burlington Stores (NYSE:BURL) last posted its earnings results on Thursday, March 7th. The company reported $3.30 EPS for the quarter, topping the consensus estimate of $3.28 by $0.02. The company had revenue of $3.13 billion during the quarter, compared to the consensus estimate of $3.07 billion. Burlington Stores had a net margin of 3.49% and a return on equity of 45.28%. The firm’s revenue for the quarter was up 13.9% on a year-over-year basis. During the same period in the previous year, the firm posted $2.96 earnings per share. Analysts predict that Burlington Stores, Inc. will post 7.38 EPS for the current fiscal year.

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.