Fjarde AP Fonden Fourth Swedish National Pension Fund Has $3.93 Million Holdings in Burlington Stores, Inc. (NYSE:BURL)

Fjarde AP Fonden Fourth Swedish National Pension Fund lowered its position in Burlington Stores, Inc. (NYSE:BURL) by 9.2% during the fourth quarter, Holdings Channel reports. The firm owned 13,772 shares of the company’s stock after selling 1,400 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in Burlington Stores were worth $3,926,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Sumitomo Mitsui Trust Group Inc. raised its stake in Burlington Stores by 2.3% during the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 145,552 shares of the company’s stock worth $38,350,000 after buying an additional 3,246 shares during the last quarter. Alpha DNA Investment Management LLC acquired a new stake in Burlington Stores during the 3rd quarter worth about $764,000. Buckingham Capital Management Inc. raised its position in shares of Burlington Stores by 159.0% in the 4th quarter. Buckingham Capital Management Inc. now owns 17,419 shares of the company’s stock worth $4,965,000 after acquiring an additional 10,693 shares in the last quarter. Logan Capital Management Inc. lifted its stake in shares of Burlington Stores by 9.1% in the 3rd quarter. Logan Capital Management Inc. now owns 56,354 shares of the company’s stock valued at $14,848,000 after purchasing an additional 4,695 shares during the period. Finally, Allspring Global Investments Holdings LLC boosted its position in shares of Burlington Stores by 7.5% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 378,921 shares of the company’s stock valued at $108,292,000 after purchasing an additional 26,412 shares in the last quarter.

Burlington Stores Stock Performance

Shares of Burlington Stores stock opened at $235.99 on Wednesday. Burlington Stores, Inc. has a 52 week low of $174.64 and a 52 week high of $298.89. The company has a quick ratio of 0.54, a current ratio of 1.17 and a debt-to-equity ratio of 1.35. The business has a 50 day moving average price of $275.33 and a 200-day moving average price of $270.68. The company has a market cap of $14.98 billion, a PE ratio of 32.33, a price-to-earnings-growth ratio of 1.11 and a beta of 1.62.

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

Wall Street Analyst Weigh In

BURL has been the subject of a number of research analyst reports. Telsey Advisory Group reiterated an “outperform” rating and issued a $310.00 target price on shares of Burlington Stores in a report on Tuesday, November 26th. Barclays lowered their price objective on shares of Burlington Stores from $327.00 to $317.00 and set an “overweight” rating for the company in a research note on Wednesday, November 27th. Robert W. Baird increased their target price on shares of Burlington Stores from $315.00 to $330.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 27th. Morgan Stanley lifted their price target on shares of Burlington Stores from $285.00 to $305.00 and gave the company an “overweight” rating in a research note on Wednesday, November 27th. Finally, Evercore ISI upped their price objective 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 analyst has rated the stock with a hold rating and fifteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $317.87.

Insider Transactions at Burlington Stores

In other news, CMO Jennifer Vecchio sold 493 shares of the business’s stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $275.75, for a total value of $135,944.75. Following the transaction, the chief marketing officer now owns 58,944 shares in the company, valued at $16,253,808. The trade was a 0.83 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders sold a total of 1,481 shares of company stock worth $421,892 in the last quarter. 0.91% of the stock is currently owned by corporate insiders.

Burlington Stores Company 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.