Cinctive Capital Management LP Takes $1.98 Million Position in Burlington Stores, Inc. (NYSE:BURL)

Cinctive Capital Management LP bought a new position in shares of Burlington Stores, Inc. (NYSE:BURL) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 7,527 shares of the company’s stock, valued at approximately $1,983,000.

A number of other institutional investors have also recently added to or reduced their stakes in BURL. Crewe Advisors LLC acquired a new position in shares of Burlington Stores during the second quarter worth $25,000. RPg Family Wealth Advisory LLC bought a new position in Burlington Stores during the 3rd quarter worth $26,000. Brooklyn Investment Group acquired a new position in Burlington Stores during the 3rd quarter worth about $33,000. ORG Partners LLC bought a new stake in shares of Burlington Stores in the 2nd quarter valued at about $38,000. Finally, Blue Trust Inc. increased its stake in shares of Burlington Stores by 619.2% in the second quarter. Blue Trust Inc. now owns 187 shares of the company’s stock valued at $43,000 after buying an additional 161 shares during the period.

Burlington Stores Trading Up 3.0 %

NYSE BURL opened at $290.47 on Tuesday. Burlington Stores, Inc. has a 52 week low of $172.80 and a 52 week high of $298.89. The business has a 50 day moving average price of $262.90 and a 200-day moving average price of $251.37. The company has a quick ratio of 0.48, a current ratio of 1.17 and a debt-to-equity ratio of 1.35. The company has a market cap of $18.44 billion, a price-to-earnings ratio of 39.79, a P/E/G ratio of 1.44 and a beta of 1.64.

Burlington Stores (NYSE:BURL) last released its quarterly earnings data on Tuesday, November 26th. The company reported $1.55 earnings per share for the quarter, beating analysts’ consensus estimates of $1.53 by $0.02. The firm had revenue of $2.53 billion for the quarter, compared to analyst estimates of $2.55 billion. Burlington Stores had a net margin of 4.49% and a return on equity of 47.52%. The business’s quarterly revenue was up 10.5% compared to the same quarter last year. During the same period last year, the firm earned $0.98 earnings per share. As a group, equities analysts expect that Burlington Stores, Inc. will post 7.92 earnings per share for the current fiscal year.

Insider Buying and Selling at Burlington Stores

In other Burlington Stores news, Director Paul Sullivan sold 1,705 shares of the firm’s stock in a transaction on Thursday, September 19th. The stock was sold at an average price of $277.05, for a total transaction of $472,370.25. Following the transaction, the director now directly owns 7,393 shares in the company, valued at approximately $2,048,230.65. This trade represents a 18.74 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.91% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently commented on BURL shares. Robert W. Baird upped their target price on Burlington Stores from $315.00 to $330.00 and gave the company an “outperform” rating in a report on Wednesday, November 27th. UBS Group upped their price objective on shares of Burlington Stores from $270.00 to $280.00 and gave the company a “neutral” rating in a research note on Thursday, November 14th. Barclays lowered their target price on shares of Burlington Stores from $327.00 to $317.00 and set an “overweight” rating for the company in a research note on Wednesday, November 27th. TD Cowen upped their price target on shares of Burlington Stores from $288.00 to $334.00 and gave the company a “buy” rating in a research report on Monday, November 25th. Finally, Loop Capital lifted their price objective on Burlington Stores from $270.00 to $345.00 and gave the stock a “buy” rating in a research report on Friday, August 30th. Two investment analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $307.69.

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.