BI Asset Management Fondsmaeglerselskab A S Grows Position in Burlington Stores, Inc. (NYSE:BURL)

BI Asset Management Fondsmaeglerselskab A S grew its holdings in Burlington Stores, Inc. (NYSE:BURL) by 354.4% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 3,285 shares of the company’s stock after acquiring an additional 2,562 shares during the period. BI Asset Management Fondsmaeglerselskab A S’s holdings in Burlington Stores were worth $639,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in BURL. Norges Bank acquired a new stake in Burlington Stores during the 4th quarter valued at $145,471,000. Securian Asset Management Inc. acquired a new stake in Burlington Stores in the fourth quarter valued at $1,068,000. Trillium Asset Management LLC lifted its position in shares of Burlington Stores by 7.7% during the fourth quarter. Trillium Asset Management LLC now owns 38,859 shares of the company’s stock worth $7,557,000 after purchasing an additional 2,788 shares during the last quarter. Quadrant Capital Group LLC grew its stake in Burlington Stores by 323.8% in the fourth quarter. Quadrant Capital Group LLC now owns 890 shares of the company’s stock worth $173,000 after purchasing an additional 680 shares in the last quarter. Finally, Empire Life Investments Inc. increased its holdings in shares of Burlington Stores by 2.0% in the 4th quarter. Empire Life Investments Inc. now owns 5,979 shares of the company’s stock valued at $1,163,000 after acquiring an additional 117 shares during the last quarter.

Insider Transactions at Burlington Stores

In related news, CMO Jennifer Vecchio sold 5,025 shares of Burlington Stores stock in a transaction dated 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 completion of 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 Securities & Exchange Commission, which is available at the SEC website. 0.91% of the stock is owned by insiders.

Burlington Stores Stock Up 0.8 %

Shares of BURL stock opened at $186.70 on Friday. The stock has a 50 day moving average of $198.46 and a 200-day moving average of $190.23. The firm has a market cap of $11.92 billion, a PE ratio of 35.56, a price-to-earnings-growth ratio of 1.03 and a beta of 1.54. The company has a quick ratio of 0.61, a current ratio of 1.15 and a debt-to-equity ratio of 1.40. Burlington Stores, Inc. has a 12 month low of $115.66 and a 12 month high of $232.69.

Burlington Stores (NYSE:BURL) last announced its quarterly earnings data on Thursday, March 7th. The company reported $3.30 EPS for the quarter, beating analysts’ consensus estimates of $3.28 by $0.02. Burlington Stores had a net margin of 3.49% and a return on equity of 45.28%. The business had revenue of $3.13 billion during the quarter, compared to analyst estimates of $3.07 billion. During the same quarter in the prior year, the business earned $2.96 earnings per share. The firm’s revenue for the quarter was up 13.9% on a year-over-year basis. On average, equities analysts predict that Burlington Stores, Inc. will post 7.36 EPS for the current year.

Analyst Ratings Changes

BURL has been the topic of a number of recent research reports. Morgan Stanley cut their target price on Burlington Stores from $233.00 to $218.00 and set an “overweight” rating on the stock in a research note on Monday, May 6th. UBS Group raised Burlington Stores from a “sell” rating to a “neutral” rating and increased their price target for the company from $126.00 to $212.00 in a research note on Thursday, May 2nd. Evercore ISI raised their target price on shares of Burlington Stores from $220.00 to $235.00 and gave the stock an “outperform” rating in a report on Friday, February 23rd. StockNews.com raised Burlington Stores from a “hold” rating to a “buy” rating in a report on Saturday, March 9th. Finally, TD Cowen reduced their price objective on Burlington Stores from $230.00 to $209.00 and set a “hold” rating for the company in a research note on Friday, May 17th. Three equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $220.14.

Burlington Stores Company 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.