Burlington Stores, Inc. (NYSE:BURL) Shares Purchased by Polar Asset Management Partners Inc.

Polar Asset Management Partners Inc. lifted its position in shares of Burlington Stores, Inc. (NYSE:BURL) by 188.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 52,535 shares of the company’s stock after purchasing an additional 34,335 shares during the period. Polar Asset Management Partners Inc. owned about 0.08% of Burlington Stores worth $14,976,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of BURL. Norges Bank acquired a new position in Burlington Stores during the fourth quarter worth about $227,268,000. Capital International Investors grew its position in shares of Burlington Stores by 7.7% in the fourth quarter. Capital International Investors now owns 5,160,096 shares of the company’s stock valued at $1,470,929,000 after purchasing an additional 367,703 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its position in Burlington Stores by 30.8% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 955,648 shares of the company’s stock worth $272,417,000 after acquiring an additional 225,124 shares during the last quarter. Alyeska Investment Group L.P. raised its stake in Burlington Stores by 23.1% during the fourth quarter. Alyeska Investment Group L.P. now owns 1,051,611 shares of the company’s stock worth $299,772,000 after purchasing an additional 197,187 shares during the period. Finally, Junto Capital Management LP raised its stake in Burlington Stores by 41.2% during the fourth quarter. Junto Capital Management LP now owns 603,985 shares of the company’s stock worth $172,172,000 after purchasing an additional 176,346 shares during the period.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on BURL shares. UBS Group boosted their target price on shares of Burlington Stores from $360.00 to $405.00 and gave the stock a “buy” rating in a research report on Friday, March 7th. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $340.00 price target on shares of Burlington Stores in a research note on Thursday, March 6th. JPMorgan Chase & Co. cut their price target on shares of Burlington Stores from $336.00 to $287.00 and set an “overweight” rating on the stock in a report on Monday, April 14th. Morgan Stanley decreased their target price on shares of Burlington Stores from $297.00 to $269.00 and set an “overweight” rating for the company in a research report on Tuesday, May 6th. Finally, Barclays decreased their price objective on shares of Burlington Stores from $329.00 to $254.00 and set an “overweight” rating for the company in a report on Monday. One investment analyst has rated the stock with a hold rating and fifteen have issued a buy rating to the stock. Based on data from MarketBeat, Burlington Stores currently has a consensus rating of “Moderate Buy” and an average price target of $314.60.

Insiders Place Their Bets

In related news, CMO Jennifer Vecchio sold 4,939 shares of the firm’s stock in a transaction that occurred on Thursday, March 20th. The shares were sold at an average price of $239.94, for a total value of $1,185,063.66. Following the sale, the chief marketing officer now directly owns 70,006 shares of the company’s stock, valued at $16,797,239.64. This trade represents a 6.59% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, COO Travis Marquette sold 190 shares of the firm’s stock in a transaction that occurred on Monday, May 5th. The shares were sold at an average price of $237.63, for a total transaction of $45,149.70. Following the completion of the sale, the chief operating officer now directly owns 22,858 shares in the company, valued at $5,431,746.54. This represents a 0.82% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 1.10% of the company’s stock.

Burlington Stores Stock Performance

BURL opened at $265.20 on Thursday. The company has a current ratio of 1.17, a quick ratio of 0.54 and a debt-to-equity ratio of 1.35. The company’s fifty day moving average price is $236.11 and its two-hundred day moving average price is $259.80. Burlington Stores, Inc. has a 1-year low of $181.87 and a 1-year high of $298.89. The company has a market cap of $16.70 billion, a price-to-earnings ratio of 36.33, a PEG ratio of 1.11 and a beta of 1.70.

Burlington Stores (NYSE:BURL) last announced its earnings results on Thursday, March 6th. The company reported $4.07 EPS for the quarter, beating the consensus estimate of $3.75 by $0.32. The company had revenue of $3.28 billion during the quarter, compared to the consensus estimate of $3.25 billion. Burlington Stores had a net margin of 4.49% and a return on equity of 47.52%. On average, analysts expect that Burlington Stores, Inc. will post 7.93 EPS for the current fiscal 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.