Holocene Advisors LP Has $156.74 Million Stake in Burlington Stores, Inc. (NYSE:BURL)

Holocene Advisors LP decreased its stake in shares of Burlington Stores, Inc. (NYSE:BURL) by 7.7% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 594,889 shares of the company’s stock after selling 49,765 shares during the period. Holocene Advisors LP owned 0.93% of Burlington Stores worth $156,741,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Massachusetts Financial Services Co. MA grew its holdings in shares of Burlington Stores by 1,048.8% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 730,524 shares of the company’s stock valued at $192,478,000 after purchasing an additional 666,934 shares during the last quarter. AQR Capital Management LLC increased its holdings in shares of Burlington Stores by 2,542.2% during the second quarter. AQR Capital Management LLC now owns 247,970 shares of the company’s stock worth $59,114,000 after buying an additional 238,585 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of Burlington Stores by 54.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 587,376 shares of the company’s stock valued at $140,968,000 after acquiring an additional 207,959 shares during the last quarter. Marshall Wace LLP acquired a new stake in shares of Burlington Stores during the 2nd quarter valued at $47,725,000. Finally, Assenagon Asset Management S.A. grew its position in Burlington Stores by 1,917.3% during the 2nd quarter. Assenagon Asset Management S.A. now owns 207,260 shares of the company’s stock worth $49,742,000 after acquiring an additional 196,986 shares during the last quarter.

Insider Activity at Burlington Stores

In other news, Director Paul Sullivan sold 1,705 shares of the stock in a transaction dated Thursday, September 19th. The shares were sold at an average price of $277.05, for a total transaction of $472,370.25. Following the completion of the sale, the director now directly owns 7,393 shares in the company, valued at approximately $2,048,230.65. This represents a 18.74 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.91% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the company. Morgan Stanley lifted their price target on Burlington Stores from $285.00 to $305.00 and gave the company an “overweight” rating in a research note on Wednesday, November 27th. UBS Group lifted their target price on shares of Burlington Stores from $270.00 to $280.00 and gave the stock a “neutral” rating in a research report on Thursday, November 14th. Barclays dropped their price target 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. Evercore ISI boosted their price objective on shares of Burlington Stores from $315.00 to $340.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 27th. Finally, Robert W. Baird lifted their target price on Burlington Stores from $315.00 to $330.00 and gave the stock an “outperform” rating in a report on Wednesday, November 27th. Two research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. Based on data from MarketBeat, Burlington Stores has a consensus rating of “Moderate Buy” and a consensus price target of $307.69.

Burlington Stores Stock Down 2.2 %

BURL opened at $281.88 on Monday. The stock has a market cap of $17.89 billion, a price-to-earnings ratio of 38.61, a PEG ratio of 1.44 and a beta of 1.64. The company’s 50-day moving average price is $262.90 and its two-hundred day moving average price is $251.37. Burlington Stores, Inc. has a twelve month low of $168.49 and a twelve month high of $298.89. 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 (NYSE:BURL) last released its quarterly earnings data on Tuesday, November 26th. The company reported $1.55 EPS for the quarter, beating analysts’ consensus estimates of $1.53 by $0.02. The company had revenue of $2.53 billion during 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%. Burlington Stores’s revenue was up 10.5% compared to the same quarter last year. During the same period last year, the business 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 year.

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.