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

Trexquant Investment LP trimmed its holdings in shares of Burlington Stores, Inc. (NYSE:BURL) by 66.2% during the 4th quarter, Holdings Channel reports. The fund owned 24,898 shares of the company’s stock after selling 48,815 shares during the period. Trexquant Investment LP’s holdings in Burlington Stores were worth $4,842,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Norges Bank bought a new stake in shares of Burlington Stores in the 4th quarter valued at about $145,471,000. Cooper Creek Partners Management LLC boosted its holdings in shares of Burlington Stores by 716.8% in the 3rd quarter. Cooper Creek Partners Management LLC now owns 610,821 shares of the company’s stock valued at $82,644,000 after buying an additional 536,038 shares in the last quarter. Rokos Capital Management LLP boosted its holdings in shares of Burlington Stores by 560.3% in the 3rd quarter. Rokos Capital Management LLP now owns 424,069 shares of the company’s stock valued at $57,773,000 after buying an additional 359,842 shares in the last quarter. Wellington Management Group LLP boosted its holdings in shares of Burlington Stores by 44.0% in the 3rd quarter. Wellington Management Group LLP now owns 785,780 shares of the company’s stock valued at $106,316,000 after buying an additional 239,955 shares in the last quarter. Finally, Artemis Investment Management LLP boosted its holdings in shares of Burlington Stores by 96.7% in the 4th quarter. Artemis Investment Management LLP now owns 478,838 shares of the company’s stock valued at $93,124,000 after buying an additional 235,343 shares in the last quarter.

Insider Activity at Burlington Stores

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

Burlington Stores Stock Down 2.5 %

NYSE BURL opened at $185.18 on Thursday. Burlington Stores, Inc. has a 52 week low of $115.66 and a 52 week high of $232.69. The company has a quick ratio of 0.61, a current ratio of 1.15 and a debt-to-equity ratio of 1.40. The business’s fifty day simple moving average is $199.10 and its 200-day simple moving average is $190.25. The firm has a market cap of $11.83 billion, a PE ratio of 35.27, a P/E/G ratio of 1.11 and a beta of 1.54.

Burlington Stores (NYSE:BURL) last posted its quarterly 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. Burlington Stores had a return on equity of 45.28% and a net margin of 3.49%. The business had revenue of $3.13 billion for the quarter, compared to analyst estimates of $3.07 billion. During the same quarter in the previous year, the firm earned $2.96 EPS. The company’s quarterly revenue was up 13.9% compared to the same quarter last year. As a group, equities analysts anticipate that Burlington Stores, Inc. will post 7.38 earnings per share for the current year.

Wall Street Analyst Weigh In

Several brokerages recently commented on BURL. TD Cowen decreased their price objective on shares of Burlington Stores from $230.00 to $209.00 and set a “hold” rating for the company in a research report on Friday, May 17th. Morgan Stanley reduced their price target on shares of Burlington Stores from $233.00 to $218.00 and set an “overweight” rating for the company in a research report on Monday, May 6th. StockNews.com raised shares of Burlington Stores from a “hold” rating to a “buy” rating in a research report on Saturday, March 9th. UBS Group raised shares of Burlington Stores from a “sell” rating to a “neutral” rating and raised their price target for the stock from $126.00 to $212.00 in a research report on Thursday, May 2nd. Finally, Evercore ISI lifted their price target on shares of Burlington Stores from $220.00 to $235.00 and gave the company an “outperform” rating in a research note on Friday, February 23rd. Three research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $220.14.

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.