Burlington Stores, Inc. (NYSE:BURL) Position Trimmed by Forsta AP Fonden

Forsta AP Fonden lowered its stake in Burlington Stores, Inc. (NYSE:BURL) by 14.9% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 20,000 shares of the company’s stock after selling 3,500 shares during the period. Forsta AP Fonden’s holdings in Burlington Stores were worth $5,701,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Creative Planning raised its position in shares of Burlington Stores by 22.6% during the second quarter. Creative Planning now owns 4,192 shares of the company’s stock worth $1,006,000 after purchasing an additional 773 shares during the period. Cetera Investment Advisers increased its stake in Burlington Stores by 0.5% in the 2nd quarter. Cetera Investment Advisers now owns 12,340 shares of the company’s stock worth $2,962,000 after purchasing an additional 61 shares in the last quarter. Sanctuary Advisors LLC acquired a new stake in Burlington Stores during the 2nd quarter worth about $488,000. Handelsbanken Fonder AB lifted its stake in Burlington Stores by 0.6% during the third quarter. Handelsbanken Fonder AB now owns 16,000 shares of the company’s stock valued at $4,216,000 after buying an additional 100 shares in the last quarter. Finally, GAMMA Investing LLC boosted its holdings in shares of Burlington Stores by 63.6% in the third quarter. GAMMA Investing LLC now owns 512 shares of the company’s stock worth $135,000 after buying an additional 199 shares during the period.

Analyst Upgrades and Downgrades

BURL has been the topic of a number of recent analyst reports. StockNews.com lowered shares of Burlington Stores from a “buy” rating to a “hold” rating in a report on Wednesday, October 23rd. UBS Group upgraded Burlington Stores from a “neutral” rating to a “buy” rating and increased their target price for the company from $280.00 to $360.00 in a report on Friday, January 10th. Citigroup lifted their price target on Burlington Stores from $313.00 to $344.00 and gave the company a “buy” rating in a report on Wednesday, November 27th. Telsey Advisory Group reissued an “outperform” rating and issued a $310.00 price objective on shares of Burlington Stores in a research note on Tuesday, November 26th. Finally, Barclays lowered their target price on 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 analyst has rated the stock with a hold rating and fifteen have given a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $317.87.

Burlington Stores Stock Performance

BURL stock opened at $283.91 on Friday. The company has a market capitalization of $18.02 billion, a price-to-earnings ratio of 38.89, a P/E/G ratio of 1.56 and a beta of 1.63. The firm has a 50 day moving average of $288.22 and a two-hundred day moving average of $270.26. The company has a quick ratio of 0.54, a current ratio of 1.17 and a debt-to-equity ratio of 1.35. Burlington Stores, Inc. has a 12 month low of $174.64 and a 12 month high of $298.89.

Burlington Stores (NYSE:BURL) last issued its quarterly earnings data on Tuesday, November 26th. The company reported $1.55 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.54 by $0.01. Burlington Stores had a net margin of 4.49% and a return on equity of 47.52%. The firm had revenue of $2.53 billion during the quarter, compared to analysts’ expectations of $2.55 billion. During the same period in the prior year, the company posted $0.98 earnings per share. Burlington Stores’s revenue for the quarter was up 10.5% on a year-over-year basis. As a group, equities 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 494 shares of the company’s stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $284.95, for a total transaction of $140,765.30. Following the completion of the sale, the chief marketing officer now directly owns 59,437 shares of the company’s stock, valued at approximately $16,936,573.15. 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 hyperlink. 0.91% of the stock is currently owned by insiders.

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.