Point72 Asia Singapore Pte. Ltd. Acquires New Shares in Burlington Stores, Inc. (NYSE:BURL)

Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of Burlington Stores, Inc. (NYSE:BURL) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 3,154 shares of the company’s stock, valued at approximately $831,000.

Other institutional investors also recently added to or reduced their stakes in the company. Crewe Advisors LLC acquired a new position in Burlington Stores during the 2nd quarter worth $25,000. RPg Family Wealth Advisory LLC acquired 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 $33,000. ORG Partners LLC acquired a new position in Burlington Stores during the 2nd quarter worth $38,000. Finally, Blue Trust Inc. boosted its position in Burlington Stores by 619.2% during the 2nd quarter. Blue Trust Inc. now owns 187 shares of the company’s stock worth $43,000 after acquiring an additional 161 shares during the period.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the company. Citigroup boosted their price target on Burlington Stores from $313.00 to $344.00 and gave the stock a “buy” rating in a research report on Wednesday, November 27th. Robert W. Baird upped their price objective 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 Burlington Stores from $270.00 to $280.00 and gave the company a “neutral” rating in a report on Thursday, November 14th. Loop Capital upped their price objective on Burlington Stores from $270.00 to $345.00 and gave the company a “buy” rating in a report on Friday, August 30th. Finally, Telsey Advisory Group restated an “outperform” rating and issued a $310.00 price objective on shares of Burlington Stores in a report on Tuesday, November 26th. Two research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. According to data from MarketBeat, Burlington Stores currently has an average rating of “Moderate Buy” and an average price target of $307.69.

Insider Activity at Burlington Stores

In related news, Director Paul Sullivan sold 1,705 shares of the company’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 of the company’s stock, valued at approximately $2,048,230.65. The trade was a 18.74 % decrease in their ownership of the stock. The transaction 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 2.2 %

Shares of Burlington Stores stock opened at $281.88 on Monday. The stock’s fifty day moving average is $262.90 and its 200-day moving average is $250.98. The firm has a market capitalization of $17.89 billion, a PE ratio of 38.61, a price-to-earnings-growth ratio of 1.44 and a beta of 1.64. The company has a quick ratio of 0.48, a current ratio of 1.17 and a debt-to-equity ratio of 1.35. Burlington Stores, Inc. has a 12-month low of $168.49 and a 12-month high of $298.89.

Burlington Stores (NYSE:BURL) last announced its earnings results on Tuesday, November 26th. The company reported $1.55 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.53 by $0.02. The company had revenue of $2.53 billion for the quarter, compared to analyst estimates of $2.55 billion. Burlington Stores had a return on equity of 47.52% and a net margin of 4.49%. Burlington Stores’s revenue for the quarter was up 10.5% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.98 earnings per share. Equities analysts anticipate that Burlington Stores, Inc. will post 7.92 earnings per share for the current year.

Burlington Stores 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.