Holocene Advisors LP Sells 49,765 Shares of Burlington Stores, Inc. (NYSE:BURL)

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

Several other large investors have also recently made changes to their positions in the business. Tidal Investments LLC raised its holdings in shares of Burlington Stores by 178.4% during the first quarter. Tidal Investments LLC now owns 6,163 shares of the company’s stock valued at $1,431,000 after purchasing an additional 3,949 shares during the last quarter. Swedbank AB bought a new position in shares of Burlington Stores during the 1st quarter valued at $1,101,000. Cetera Investment Advisers purchased a new position in shares of Burlington Stores in the 1st quarter worth $2,851,000. GAMMA Investing LLC grew its holdings in shares of Burlington Stores by 20.4% in the second quarter. GAMMA Investing LLC now owns 313 shares of the company’s stock worth $75,000 after acquiring an additional 53 shares during the period. Finally, DNB Asset Management AS increased its position in Burlington Stores by 17.9% during the second quarter. DNB Asset Management AS now owns 11,429 shares of the company’s stock valued at $2,743,000 after acquiring an additional 1,733 shares during the last quarter.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the stock. Telsey Advisory Group reiterated an “outperform” rating and issued a $310.00 price target on shares of Burlington Stores in a research report on Tuesday, November 26th. Bank of America boosted their target price on shares of Burlington Stores from $275.00 to $315.00 and gave the stock a “buy” rating in a report on Friday, August 30th. UBS Group upped 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. Citigroup increased 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. Finally, Evercore ISI lifted their target price on Burlington Stores from $315.00 to $340.00 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’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price 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 dated Thursday, September 19th. The stock was 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 owns 7,393 shares of the company’s stock, valued at approximately $2,048,230.65. This represents a 18.74 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.91% of the stock is currently owned by corporate insiders.

Burlington Stores Stock Performance

Shares of Burlington Stores stock opened at $281.88 on Monday. Burlington Stores, Inc. has a one year low of $168.49 and a one year high of $298.89. The company has a market capitalization of $17.89 billion, a PE ratio of 38.61, a P/E/G ratio of 1.44 and a beta of 1.64. The company has a debt-to-equity ratio of 1.35, a quick ratio of 0.48 and a current ratio of 1.17. The company has a 50-day simple moving average of $262.90 and a two-hundred day simple moving average of $251.37.

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