Skandinaviska Enskilda Banken AB publ Has $3.84 Million Stake in Burlington Stores, Inc. (NYSE:BURL)

Skandinaviska Enskilda Banken AB publ boosted its holdings in Burlington Stores, Inc. (NYSE:BURL) by 3.7% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 13,464 shares of the company’s stock after purchasing an additional 476 shares during the quarter. Skandinaviska Enskilda Banken AB publ’s holdings in Burlington Stores were worth $3,835,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of BURL. IFP Advisors Inc increased its holdings in Burlington Stores by 81.6% in the 4th quarter. IFP Advisors Inc now owns 89 shares of the company’s stock valued at $25,000 after buying an additional 40 shares during the period. Fortitude Family Office LLC increased its holdings in Burlington Stores by 148.6% in 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 period. RPg Family Wealth Advisory LLC bought a new position in Burlington Stores in the 3rd quarter valued at about $26,000. Stonebridge Financial Group LLC bought a new position in Burlington Stores in the 4th quarter valued at about $31,000. Finally, Brooklyn Investment Group bought a new position in Burlington Stores in the 3rd quarter valued at about $33,000.

Burlington Stores Stock Up 0.0 %

Shares of NYSE BURL opened at $228.52 on Monday. The company has a market capitalization of $14.51 billion, a P/E ratio of 31.30, a price-to-earnings-growth ratio of 1.11 and a beta of 1.73. Burlington Stores, Inc. has a 52-week low of $174.64 and a 52-week high of $298.89. The company has a debt-to-equity ratio of 1.35, a quick ratio of 0.54 and a current ratio of 1.17. The company’s 50 day moving average price is $263.00 and its 200-day moving average price is $268.14.

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

Insider Activity at Burlington Stores

In related news, CMO Jennifer Vecchio sold 494 shares of the business’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 transaction, the chief marketing officer now owns 59,437 shares in the company, valued at $16,936,573.15. The trade was a 0.82 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.91% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on BURL shares. Robert W. Baird lifted their price target on shares of Burlington Stores from $330.00 to $335.00 and gave the company an “outperform” rating in a report on Friday, March 7th. Barclays lifted their price target on shares of Burlington Stores from $317.00 to $329.00 and gave the company an “overweight” rating in a report on Friday, March 7th. Citigroup decreased their price target on shares of Burlington Stores from $344.00 to $340.00 and set a “buy” rating on the stock in a report on Friday, March 7th. TD Cowen lifted their price target 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, Evercore ISI lifted their price target on shares of Burlington Stores from $315.00 to $340.00 and gave the company an “outperform” rating in a report on Wednesday, November 27th. One research analyst has rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. According to data from MarketBeat, Burlington Stores currently has a consensus rating of “Moderate Buy” and an average price target of $323.20.

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.