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

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

A number of other hedge funds have also bought and sold shares of BURL. RPg Family Wealth Advisory LLC purchased a new stake in shares of Burlington Stores during the 3rd quarter valued at $26,000. Crewe Advisors LLC purchased a new stake in Burlington Stores during the second quarter worth about $25,000. Brooklyn Investment Group bought a new stake in Burlington Stores in the third quarter worth about $33,000. ORG Partners LLC bought a new stake in Burlington Stores in the second quarter worth about $38,000. Finally, UMB Bank n.a. boosted its stake in Burlington Stores by 391.7% in the third quarter. UMB Bank n.a. now owns 177 shares of the company’s stock valued at $47,000 after acquiring an additional 141 shares during the last quarter.

Burlington Stores Stock Up 3.0 %

BURL opened at $290.47 on Tuesday. The company has a debt-to-equity ratio of 1.35, a current ratio of 1.17 and a quick ratio of 0.48. Burlington Stores, Inc. has a one year low of $172.80 and a one year high of $298.89. The firm has a market capitalization of $18.44 billion, a P/E ratio of 39.79, a price-to-earnings-growth ratio of 1.44 and a beta of 1.64. The company has a fifty day moving average price of $262.90 and a 200-day moving average price of $251.37.

Burlington Stores (NYSE:BURL) last announced its earnings results on Tuesday, November 26th. The company reported $1.55 earnings per share for the quarter, topping analysts’ consensus estimates of $1.53 by $0.02. The business 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%. The company’s quarterly revenue was up 10.5% compared to the same quarter last year. During the same period in the prior year, the company earned $0.98 EPS. Equities research analysts expect that Burlington Stores, Inc. will post 7.92 earnings per share for the current fiscal year.

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 shares were sold at an average price of $277.05, for a total value of $472,370.25. Following the completion of the transaction, the director now directly owns 7,393 shares in the company, valued at approximately $2,048,230.65. The trade was a 18.74 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.91% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of equities research analysts recently commented on the stock. Wells Fargo & Company lifted their price target on shares of Burlington Stores from $300.00 to $325.00 and gave the stock an “overweight” rating in a report on Friday, August 23rd. Telsey Advisory Group reissued an “outperform” rating and issued a $310.00 target price on shares of Burlington Stores in a research report on Tuesday, November 26th. UBS Group increased their price target on Burlington Stores from $270.00 to $280.00 and gave the stock a “neutral” rating in a research note on Thursday, November 14th. Barclays decreased their price objective on Burlington Stores from $327.00 to $317.00 and set an “overweight” rating for the company in a report on Wednesday, November 27th. Finally, Citigroup upped their price objective on shares of Burlington Stores from $313.00 to $344.00 and gave the company a “buy” rating in a report on Wednesday, November 27th. Two equities research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. According to data from MarketBeat, Burlington Stores has a consensus rating of “Moderate Buy” and an average 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.