Y Intercept Hong Kong Ltd Sells 4,823 Shares of Burlington Stores, Inc. (NYSE:BURL)

Y Intercept Hong Kong Ltd decreased its holdings in shares of Burlington Stores, Inc. (NYSE:BURL) by 60.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 3,219 shares of the company’s stock after selling 4,823 shares during the quarter. Y Intercept Hong Kong Ltd’s holdings in Burlington Stores were worth $918,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Sumitomo Mitsui Trust Group Inc. boosted its stake in Burlington Stores by 2.3% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 145,552 shares of the company’s stock valued at $38,350,000 after purchasing an additional 3,246 shares during the period. Alpha DNA Investment Management LLC bought a new stake in Burlington Stores during the 3rd quarter valued at approximately $764,000. Buckingham Capital Management Inc. boosted its stake in Burlington Stores by 159.0% during the 4th quarter. Buckingham Capital Management Inc. now owns 17,419 shares of the company’s stock valued at $4,965,000 after purchasing an additional 10,693 shares during the period. Logan Capital Management Inc. lifted its position in shares of Burlington Stores by 9.1% in the 3rd quarter. Logan Capital Management Inc. now owns 56,354 shares of the company’s stock worth $14,848,000 after acquiring an additional 4,695 shares during the period. Finally, Allspring Global Investments Holdings LLC lifted its position in shares of Burlington Stores by 7.5% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 378,921 shares of the company’s stock worth $108,292,000 after acquiring an additional 26,412 shares during the period.

Insiders Place Their Bets

In other news, CMO Jennifer Vecchio sold 494 shares of the business’s stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $293.89, for a total transaction of $145,181.66. Following the completion of the sale, the chief marketing officer now owns 59,931 shares in the company, valued at $17,613,121.59. The trade was a 0.82 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders have sold a total of 1,481 shares of company stock valued at $421,892 over the last 90 days. 0.91% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of analysts have commented on BURL shares. Telsey Advisory Group reiterated an “outperform” rating and issued a $340.00 price objective on shares of Burlington Stores in a research report on Thursday. TD Cowen raised their price objective on Burlington Stores from $334.00 to $339.00 and gave the stock a “buy” rating in a research report on Thursday, December 12th. Robert W. Baird raised their price objective on Burlington Stores from $315.00 to $330.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 27th. Citigroup raised their price objective on Burlington Stores from $313.00 to $344.00 and gave the stock a “buy” rating in a research report on Wednesday, November 27th. Finally, Barclays dropped their target price on Burlington Stores from $327.00 to $317.00 and set an “overweight” rating for the company in a report on Wednesday, November 27th. One research analyst has rated the stock with a hold rating and fifteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $319.87.

Burlington Stores Stock Down 2.9 %

NYSE BURL opened at $242.06 on Friday. The stock has a fifty day moving average of $273.89 and a 200-day moving average of $270.33. The stock has a market capitalization of $15.37 billion, a P/E ratio of 33.16, a price-to-earnings-growth ratio of 1.11 and a beta of 1.62. Burlington Stores, Inc. has a 52 week low of $174.64 and a 52 week high of $298.89. The company has a debt-to-equity ratio of 1.35, a quick ratio of 0.54 and a current ratio of 1.17.

Burlington Stores (NYSE:BURL) last posted its quarterly earnings results on Tuesday, November 26th. The company reported $1.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.54 by $0.01. Burlington Stores had a return on equity of 47.52% and a net margin of 4.49%. The business had revenue of $2.53 billion for the quarter, compared to analyst estimates of $2.55 billion. During the same period last year, the company earned $0.98 EPS. The firm’s revenue was up 10.5% on a year-over-year basis. On average, equities research analysts forecast that Burlington Stores, Inc. will post 7.93 EPS for the current year.

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.