Sculptor Capital LP purchased a new stake in Burlington Stores, Inc. (NYSE:BURL – Free Report) in the fourth quarter, HoldingsChannel reports. The institutional investor purchased 162,500 shares of the company’s stock, valued at approximately $46,938,000.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Stone House Investment Management LLC purchased a new stake in Burlington Stores in the fourth quarter valued at $25,000. Harbour Investments Inc. lifted its position in Burlington Stores by 44.7% in the fourth quarter. Harbour Investments Inc. now owns 110 shares of the company’s stock valued at $32,000 after acquiring an additional 34 shares during the last quarter. JPL Wealth Management LLC purchased a new stake in Burlington Stores in the third quarter valued at $28,000. Larson Financial Group LLC lifted its position in Burlington Stores by 180.0% in the fourth quarter. Larson Financial Group LLC now owns 126 shares of the company’s stock valued at $36,000 after acquiring an additional 81 shares during the last quarter. Finally, Geneos Wealth Management Inc. lifted its position in Burlington Stores by 235.4% in the second quarter. Geneos Wealth Management Inc. now owns 161 shares of the company’s stock valued at $37,000 after acquiring an additional 113 shares during the last quarter.
Burlington Stores Trading Down 0.6%
Shares of Burlington Stores stock opened at $336.41 on Tuesday. The company has a quick ratio of 0.49, a current ratio of 1.16 and a debt-to-equity ratio of 1.03. The company’s 50-day simple moving average is $321.55 and its 200-day simple moving average is $305.11. Burlington Stores, Inc. has a 52-week low of $218.52 and a 52-week high of $351.85. The firm has a market cap of $21.17 billion, a price-to-earnings ratio of 34.57, a price-to-earnings-growth ratio of 1.82 and a beta of 1.46.
Insiders Place Their Bets
In other Burlington Stores news, CAO Stephen Ferroni sold 2,343 shares of the company’s stock in a transaction dated Thursday, June 11th. The shares were sold at an average price of $337.22, for a total transaction of $790,106.46. Following the transaction, the chief accounting officer directly owned 1,391 shares in the company, valued at approximately $469,073.02. This represents a 62.75% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, COO Travis Marquette sold 3,759 shares of the company’s stock in a transaction dated Tuesday, March 24th. The stock was sold at an average price of $327.75, for a total transaction of $1,232,012.25. Following the transaction, the chief operating officer owned 26,350 shares in the company, valued at $8,636,212.50. The trade was a 12.48% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 9,875 shares of company stock worth $3,218,952. 1.30% of the stock is owned by company insiders.
Analysts Set New Price Targets
BURL has been the topic of a number of recent research reports. Bank of America lifted their price objective on shares of Burlington Stores from $367.00 to $375.00 and gave the company a “buy” rating in a research note on Friday, May 29th. Wells Fargo & Company dropped their price objective on shares of Burlington Stores from $400.00 to $375.00 and set an “overweight” rating on the stock in a research note on Friday, May 29th. Wall Street Zen upgraded shares of Burlington Stores from a “hold” rating to a “buy” rating in a research note on Saturday, May 30th. Weiss Ratings upgraded shares of Burlington Stores from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, March 23rd. Finally, Jefferies Financial Group restated a “buy” rating and issued a $365.00 price objective on shares of Burlington Stores in a research note on Friday, May 29th. Fifteen investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $353.56.
Burlington Stores Company Profile
Burlington Stores, Inc is an American off-price retailer that sells apparel and home goods at discounted prices. The company’s merchandise assortment includes clothing for women, men and children, plus baby products, footwear, accessories, beauty items, toys and home décor. Burlington’s merchandising strategy focuses on offering branded and private-label goods at lower prices than traditional department stores by sourcing excess inventory, closeouts and opportunistic buys from manufacturers and other retailers.
The business traces its roots to the Burlington Coat Factory name established in the early 1970s and has since evolved into a broader off-price retailer that carries a wide range of seasonal and everyday merchandise.
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