Avanza Fonder AB Invests $1.78 Million in Burlington Stores, Inc. (NYSE:BURL)

Avanza Fonder AB purchased a new stake in shares of Burlington Stores, Inc. (NYSE:BURL) in the 4th quarter, Holdings Channel reports. The fund purchased 6,249 shares of the company’s stock, valued at approximately $1,781,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. RPg Family Wealth Advisory LLC acquired a new stake in shares of Burlington Stores during the third quarter worth approximately $26,000. Fortitude Family Office LLC increased its holdings in Burlington Stores by 148.6% during the 4th quarter. Fortitude Family Office LLC now owns 92 shares of the company’s stock valued at $26,000 after purchasing an additional 55 shares in the last quarter. Brooklyn Investment Group bought a new position in Burlington Stores in the 3rd quarter valued at $33,000. UMB Bank n.a. boosted its stake in Burlington Stores by 391.7% in the third quarter. UMB Bank n.a. now owns 177 shares of the company’s stock worth $47,000 after purchasing an additional 141 shares in the last quarter. Finally, AM Squared Ltd bought a new stake in shares of Burlington Stores during the third quarter worth $53,000.

Burlington Stores Price Performance

Shares of BURL opened at $290.46 on Friday. The company has a current ratio of 1.17, a quick ratio of 0.54 and a debt-to-equity ratio of 1.35. The stock has a market cap of $18.44 billion, a P/E ratio of 39.79, a price-to-earnings-growth ratio of 1.54 and a beta of 1.63. The stock’s 50-day moving average price is $284.30 and its two-hundred day moving average price is $267.09. Burlington Stores, Inc. has a 1 year low of $174.64 and a 1 year 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, beating analysts’ consensus estimates of $1.54 by $0.01. The firm had revenue of $2.53 billion during the quarter, compared to analysts’ expectations of $2.55 billion. Burlington Stores had a net margin of 4.49% and a return on equity of 47.52%. The business’s revenue for the quarter was up 10.5% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.98 earnings per share. On average, equities analysts predict that Burlington Stores, Inc. will post 7.93 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on BURL. 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. StockNews.com lowered shares of Burlington Stores from a “buy” rating to a “hold” rating in a research report on Wednesday, October 23rd. Morgan Stanley raised their price target on shares of Burlington Stores from $285.00 to $305.00 and gave the company an “overweight” rating in a report on Wednesday, November 27th. TD Cowen upped their price objective on Burlington Stores from $334.00 to $339.00 and gave the stock a “buy” rating in a report on Thursday, December 12th. Finally, Barclays lowered their target price on Burlington Stores from $327.00 to $317.00 and set an “overweight” rating for the company in a research note on Wednesday, November 27th. One equities research analyst has rated the stock with a hold rating and fifteen have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $317.87.

Insider Activity at Burlington Stores

In other Burlington Stores news, CMO Jennifer Vecchio sold 494 shares of the stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $284.95, for a total value of $140,765.30. Following the completion of the sale, the chief marketing officer now directly owns 59,437 shares in the company, valued at $16,936,573.15. This represents a 0.82 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.91% of the stock is owned by corporate insiders.

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.