DnB Asset Management AS Has $3.11 Million Position in Burlington Stores, Inc. (NYSE:BURL)

DnB Asset Management AS cut its holdings in shares of Burlington Stores, Inc. (NYSE:BURL) by 3.1% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 10,896 shares of the company’s stock after selling 350 shares during the period. DnB Asset Management AS’s holdings in Burlington Stores were worth $3,106,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Buckingham Capital Management Inc. grew its stake in shares of Burlington Stores by 159.0% in the fourth quarter. Buckingham Capital Management Inc. now owns 17,419 shares of the company’s stock valued at $4,965,000 after buying an additional 10,693 shares in the last quarter. Logan Capital Management Inc. grew its position in shares of Burlington Stores by 9.1% in the 3rd quarter. Logan Capital Management Inc. now owns 56,354 shares of the company’s stock valued at $14,848,000 after acquiring an additional 4,695 shares during the period. Allspring Global Investments Holdings LLC increased its stake in shares of Burlington Stores by 7.5% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 378,921 shares of the company’s stock worth $108,292,000 after purchasing an additional 26,412 shares during the last quarter. HB Wealth Management LLC bought a new stake in shares of Burlington Stores in the 4th quarter valued at about $265,000. Finally, Principal Financial Group Inc. lifted its stake in Burlington Stores by 35.3% in the 4th quarter. Principal Financial Group Inc. now owns 227,020 shares of the company’s stock valued at $64,714,000 after purchasing an additional 59,173 shares during the last quarter.

Burlington Stores Trading Up 0.3 %

Shares of NYSE:BURL opened at $238.36 on Tuesday. The business’s 50 day simple moving average is $252.81 and its 200 day simple moving average is $266.12. Burlington Stores, Inc. has a 1 year low of $174.64 and a 1 year high of $298.89. The company has a debt-to-equity ratio of 1.35, a current ratio of 1.17 and a quick ratio of 0.54. The company has a market capitalization of $15.07 billion, a P/E ratio of 32.65, a P/E/G ratio of 1.11 and a beta of 1.73.

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

Insider Activity

In related news, CMO Jennifer Vecchio sold 4,939 shares of the stock in a transaction that occurred on Thursday, March 20th. The shares were sold at an average price of $239.94, for a total transaction of $1,185,063.66. Following the sale, the chief marketing officer now owns 70,006 shares in the company, valued at approximately $16,797,239.64. This trade represents a 6.59 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In the last ninety days, insiders sold 5,926 shares of company stock worth $1,461,774. 0.91% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of equities analysts have weighed in on BURL shares. Robert W. Baird boosted their price target on Burlington Stores from $330.00 to $335.00 and gave the stock an “outperform” rating in a research report on Friday, March 7th. Citigroup decreased their target price on Burlington Stores from $344.00 to $340.00 and set a “buy” rating on the stock in a report on Friday, March 7th. Telsey Advisory Group reaffirmed an “outperform” rating and set a $340.00 price target on shares of Burlington Stores in a report on Thursday, March 6th. TD Cowen upped their price objective on shares of Burlington Stores from $334.00 to $339.00 and gave the company a “buy” rating in a report on Thursday, December 12th. Finally, UBS Group raised their target price on shares of Burlington Stores from $360.00 to $405.00 and gave the stock a “buy” rating in a research note on Friday, March 7th. One research analyst has rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. According to MarketBeat.com, Burlington Stores presently has an average rating of “Moderate Buy” and a consensus target price of $323.20.

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.