Andra AP fonden Reduces Stake in Burlington Stores, Inc. (NYSE:BURL)

Andra AP fonden lowered its stake in shares of Burlington Stores, Inc. (NYSE:BURL) by 47.8% in the 4th quarter, HoldingsChannel reports. The firm owned 37,300 shares of the company’s stock after selling 34,200 shares during the quarter. Andra AP fonden’s holdings in Burlington Stores were worth $10,633,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently modified their holdings of the stock. IFP Advisors Inc grew its holdings in Burlington Stores by 81.6% during the fourth quarter. IFP Advisors Inc now owns 89 shares of the company’s stock valued at $25,000 after purchasing an additional 40 shares during the period. Fortitude Family Office LLC lifted its position in shares of 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 buying an additional 55 shares during the last quarter. RPg Family Wealth Advisory LLC bought a new position in shares of Burlington Stores during the 3rd quarter worth $26,000. Stonebridge Financial Group LLC purchased a new stake in Burlington Stores in the 4th quarter worth about $31,000. Finally, Brooklyn Investment Group bought a new stake in Burlington Stores in the 3rd quarter valued at about $33,000.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on BURL. Telsey Advisory Group reiterated an “outperform” rating and set a $340.00 target price on shares of Burlington Stores in a research report on Thursday. UBS Group upped their price target on shares of Burlington Stores from $360.00 to $405.00 and gave the company a “buy” rating in a research note on Friday. Citigroup reduced their price objective on shares of Burlington Stores from $344.00 to $340.00 and set a “buy” rating for the company in a research note on Friday. TD Cowen increased their target price on Burlington Stores from $334.00 to $339.00 and gave the stock a “buy” rating in a research report on Thursday, December 12th. Finally, Evercore ISI raised their price target on Burlington Stores from $315.00 to $340.00 and gave the stock an “outperform” rating in a report on Wednesday, November 27th. One equities research analyst has rated the stock with a hold rating and fifteen have assigned a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $323.20.

Insider Transactions at Burlington Stores

In other news, CMO Jennifer Vecchio sold 494 shares of the company’s 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 transaction, the chief marketing officer now directly owns 59,437 shares in the company, valued at approximately $16,936,573.15. This represents a 0.82 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.91% of the company’s stock.

Burlington Stores Price Performance

Shares of NYSE BURL opened at $239.98 on Friday. The stock’s 50-day simple moving average is $269.26 and its two-hundred day simple moving average is $269.71. Burlington Stores, Inc. has a twelve month low of $174.64 and a twelve month high of $298.89. The firm has a market capitalization of $15.23 billion, a P/E ratio of 32.87, a P/E/G ratio of 1.11 and a beta of 1.62. 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 (NYSE:BURL) last posted its quarterly earnings data on Thursday, March 6th. The company reported $4.07 earnings per share for the quarter, topping the consensus estimate of $3.75 by $0.32. The company had revenue of $3.28 billion for the quarter, compared to analysts’ expectations of $3.25 billion. Burlington Stores had a net margin of 4.49% and a return on equity of 47.52%. As a group, equities analysts anticipate that Burlington Stores, Inc. will post 7.93 EPS for the current fiscal year.

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.