Xponance Inc. Buys 4,982 Shares of Burlington Stores, Inc. (NYSE:BURL)

Xponance Inc. boosted its stake in Burlington Stores, Inc. (NYSE:BURL) by 54.5% during the fourth quarter, HoldingsChannel reports. The firm owned 14,123 shares of the company’s stock after buying an additional 4,982 shares during the period. Xponance Inc.’s holdings in Burlington Stores were worth $2,747,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of BURL. Norges Bank purchased a new stake in shares of Burlington Stores during the 4th quarter valued at $115,609,000. Cooper Creek Partners Management LLC raised its position in Burlington Stores by 716.8% during the third quarter. Cooper Creek Partners Management LLC now owns 610,821 shares of the company’s stock valued at $82,644,000 after purchasing an additional 536,038 shares in the last quarter. Renaissance Technologies LLC bought a new stake in Burlington Stores during the first quarter worth about $106,648,000. Holocene Advisors LP purchased a new position in shares of Burlington Stores in the 2nd quarter worth about $78,220,000. Finally, Wolf Hill Capital Management LP bought a new position in shares of Burlington Stores during the 2nd quarter valued at about $74,394,000.

Insider Buying and Selling

In other Burlington Stores news, CMO Jennifer Vecchio sold 5,025 shares of the business’s stock in a transaction on Wednesday, March 20th. The shares were sold at an average price of $225.24, for a total transaction of $1,131,831.00. Following the transaction, the chief marketing officer now directly owns 61,115 shares of the company’s stock, valued at approximately $13,765,542.60. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 0.91% of the stock is currently owned by insiders.

Burlington Stores Stock Performance

Burlington Stores stock opened at $178.57 on Monday. The company has a current ratio of 1.15, a quick ratio of 0.61 and a debt-to-equity ratio of 1.40. The firm has a market cap of $11.41 billion, a P/E ratio of 34.01, a P/E/G ratio of 1.04 and a beta of 1.49. Burlington Stores, Inc. has a 1-year low of $115.66 and a 1-year high of $232.69. The firm has a 50-day moving average of $207.45 and a 200-day moving average of $180.20.

Burlington Stores (NYSE:BURL) last released its quarterly earnings results on Thursday, March 7th. The company reported $3.30 EPS for the quarter, beating analysts’ consensus estimates of $3.28 by $0.02. The business had revenue of $3.13 billion during the quarter, compared to analyst estimates of $3.07 billion. Burlington Stores had a return on equity of 45.28% and a net margin of 3.49%. Burlington Stores’s quarterly revenue was up 13.9% compared to the same quarter last year. During the same quarter in the prior year, the company posted $2.96 EPS. Sell-side analysts expect that Burlington Stores, Inc. will post 7.41 EPS for the current year.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the company. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $250.00 target price (up previously from $225.00) on shares of Burlington Stores in a research note on Monday, March 4th. Evercore ISI upped their price objective on shares of Burlington Stores from $220.00 to $235.00 and gave the company an “outperform” rating in a research note on Friday, February 23rd. Piper Sandler raised shares of Burlington Stores from a “neutral” rating to an “overweight” rating and increased their target price for the company from $155.00 to $240.00 in a report on Wednesday, January 17th. Finally, StockNews.com raised shares of Burlington Stores from a “hold” rating to a “buy” rating in a research note on Saturday, March 9th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $210.69.

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.