HBK Investments L P raised its holdings in shares of Burlington Stores Inc (NYSE:BURL) by 68.1% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 177,872 shares of the company’s stock after purchasing an additional 72,072 shares during the quarter. HBK Investments L P owned 0.26% of Burlington Stores worth $21,884,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also modified their holdings of the business. Swiss National Bank lifted its holdings in Burlington Stores by 0.7% during the 4th quarter. Swiss National Bank now owns 117,500 shares of the company’s stock worth $14,456,000 after buying an additional 800 shares during the last quarter. Nicholas Investment Partners LP lifted its holdings in shares of Burlington Stores by 23.7% in the 4th quarter. Nicholas Investment Partners LP now owns 146,654 shares of the company’s stock worth $18,043,000 after purchasing an additional 28,085 shares during the last quarter. Zweig DiMenna Associates LLC bought a new stake in shares of Burlington Stores in the 3rd quarter worth approximately $2,644,000. Legal & General Group Plc lifted its holdings in shares of Burlington Stores by 13.2% in the 3rd quarter. Legal & General Group Plc now owns 47,146 shares of the company’s stock worth $4,503,000 after purchasing an additional 5,484 shares during the last quarter. Finally, Quadrature Capital Ltd bought a new stake in shares of Burlington Stores in the 4th quarter worth approximately $3,589,000.
Burlington Stores Inc (NYSE BURL) opened at $128.07 on Monday. Burlington Stores Inc has a 1 year low of $79.07 and a 1 year high of $128.93. The stock has a market capitalization of $8,740.00, a price-to-earnings ratio of 23.24, a PEG ratio of 1.22 and a beta of 0.48. The company has a debt-to-equity ratio of -11.71, a quick ratio of 0.22 and a current ratio of 1.02.
Several analysts recently issued reports on the company. Morgan Stanley raised their price target on Burlington Stores from $128.00 to $132.00 and gave the stock an “overweight” rating in a report on Friday. Zacks Investment Research raised Burlington Stores from a “hold” rating to a “buy” rating and set a $142.00 price target on the stock in a report on Wednesday, January 24th. Cowen reissued a “buy” rating and issued a $115.00 price target on shares of Burlington Stores in a report on Tuesday, November 21st. Citigroup assumed coverage on Burlington Stores in a report on Sunday. They issued a “buy” rating and a $57.00 price target on the stock. Finally, BMO Capital Markets set a $145.00 target price on Burlington Stores and gave the company a “buy” rating in a research note on Thursday. Two investment analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company. Burlington Stores currently has a consensus rating of “Buy” and an average price target of $123.60.
In related news, CEO Thomas Kingsbury sold 20,000 shares of Burlington Stores stock in a transaction on Monday, February 12th. The stock was sold at an average price of $117.91, for a total value of $2,358,200.00. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Joyce Manning Magrini sold 2,400 shares of Burlington Stores stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $122.16, for a total value of $293,184.00. Following the completion of the transaction, the insider now owns 38,214 shares in the company, valued at $4,668,222.24. The disclosure for this sale can be found here. Insiders sold a total of 44,800 shares of company stock worth $5,377,336 over the last 90 days. Insiders own 2.60% of the company’s stock.
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Burlington Stores Profile
Burlington Stores, Inc is a retailer of branded apparel. As of January 28, 2017, the Company operated 592 retail stores, inclusive of an Internet store, in 45 states and Puerto Rico. Its product categories include coats, women, men, juniors, girls, boys, shoes, handbags and accessories, beauty and fragrance, home and toys.
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