Handelsbanken Fonder AB Purchases 400 Shares of Burlington Stores, Inc. (NYSE:BURL)

Handelsbanken Fonder AB lifted its stake in Burlington Stores, Inc. (NYSE:BURL) by 2.5% in the 4th quarter, Holdings Channel reports. The institutional investor owned 16,400 shares of the company’s stock after acquiring an additional 400 shares during the period. Handelsbanken Fonder AB’s holdings in Burlington Stores were worth $4,675,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Fortitude Family Office LLC increased its holdings in shares of Burlington Stores by 148.6% during the fourth quarter. Fortitude Family Office LLC now owns 92 shares of the company’s stock worth $26,000 after buying an additional 55 shares in the last quarter. RPg Family Wealth Advisory LLC acquired a new stake in Burlington Stores during the 3rd quarter worth $26,000. Stonebridge Financial Group LLC bought a new position in shares of Burlington Stores during the fourth quarter worth $31,000. Brooklyn Investment Group bought a new position in shares of Burlington Stores during the third quarter worth $33,000. Finally, MassMutual Private Wealth & Trust FSB boosted its position in shares of Burlington Stores by 36.5% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 172 shares of the company’s stock worth $49,000 after purchasing an additional 46 shares in the last quarter.

Burlington Stores Price Performance

BURL stock opened at $235.74 on Monday. 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 stock has a market cap of $14.97 billion, a price-to-earnings ratio of 32.29, a P/E/G ratio of 1.11 and a beta of 1.62. The company has a 50 day simple moving average of $277.47 and a 200 day simple moving average of $270.90.

Burlington Stores (NYSE:BURL) last issued its earnings results on Tuesday, November 26th. The company reported $1.55 earnings per share for the quarter, beating analysts’ consensus estimates of $1.54 by $0.01. The firm had revenue of $2.53 billion for the quarter, compared to analyst estimates of $2.55 billion. Burlington Stores had a net margin of 4.49% and a return on equity of 47.52%. The company’s quarterly revenue was up 10.5% on a year-over-year basis. During the same quarter last year, the business posted $0.98 earnings per share. Research analysts anticipate that Burlington Stores, Inc. will post 7.93 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

BURL has been the topic of several research reports. Citigroup boosted their price objective on shares of Burlington Stores from $313.00 to $344.00 and gave the company a “buy” rating in a research report on Wednesday, November 27th. UBS Group upgraded shares of Burlington Stores from a “neutral” rating to a “buy” rating and lifted their price target for the company from $280.00 to $360.00 in a research note on Friday, January 10th. Morgan Stanley boosted their price objective on shares of Burlington Stores from $285.00 to $305.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 27th. Telsey Advisory Group reiterated an “outperform” rating and issued a $310.00 price target on shares of Burlington Stores in a research note on Tuesday, November 26th. Finally, Barclays decreased their price target on shares of Burlington Stores from $327.00 to $317.00 and set an “overweight” rating on the stock in a research note on Wednesday, November 27th. One equities research analyst has rated the stock with a hold rating and fifteen have given a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $317.87.

Insider Transactions at Burlington Stores

In other Burlington Stores news, CMO Jennifer Vecchio sold 494 shares of the stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $293.89, for a total transaction of $145,181.66. Following the transaction, the chief marketing officer now directly owns 59,931 shares in the company, valued at approximately $17,613,121.59. This represents a 0.82 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Over the last 90 days, insiders have sold 1,481 shares of company stock worth $421,892. Company insiders own 0.91% of the company’s stock.

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.