KLP Kapitalforvaltning AS Purchases New Position in Burlington Stores, Inc. (NYSE:BURL)

KLP Kapitalforvaltning AS acquired a new position in Burlington Stores, Inc. (NYSE:BURL) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 23,000 shares of the company’s stock, valued at approximately $6,556,000.

Several other hedge funds have also modified their holdings of the company. Cerity Partners LLC raised its stake in Burlington Stores by 25.9% during the third quarter. Cerity Partners LLC now owns 16,461 shares of the company’s stock valued at $4,337,000 after purchasing an additional 3,388 shares in the last quarter. Swedbank AB raised its position in shares of Burlington Stores by 26.6% during the 3rd quarter. Swedbank AB now owns 6,002 shares of the company’s stock valued at $1,581,000 after buying an additional 1,261 shares in the last quarter. Daiwa Securities Group Inc. lifted its holdings in shares of Burlington Stores by 41.9% in the 3rd quarter. Daiwa Securities Group Inc. now owns 8,381 shares of the company’s stock valued at $2,208,000 after acquiring an additional 2,476 shares during the last quarter. Dynamic Technology Lab Private Ltd purchased a new position in Burlington Stores in the third quarter worth about $622,000. Finally, Harvest Fund Management Co. Ltd raised its position in Burlington Stores by 166.6% during the third quarter. Harvest Fund Management Co. Ltd now owns 1,053 shares of the company’s stock valued at $277,000 after purchasing an additional 658 shares during the period.

Burlington Stores Trading Down 1.5 %

Shares of NYSE BURL opened at $244.88 on Wednesday. Burlington Stores, Inc. has a twelve month low of $174.64 and a twelve month 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 fifty day simple moving average of $256.57 and a two-hundred day simple moving average of $266.84. The firm has a market cap of $15.48 billion, a PE ratio of 33.55, a price-to-earnings-growth ratio of 1.11 and a beta of 1.73.

Burlington Stores (NYSE:BURL) last released its quarterly earnings data on Thursday, March 6th. The company reported $4.07 earnings per share for the quarter, beating the consensus estimate of $3.75 by $0.32. Burlington Stores had a return on equity of 47.52% and a net margin of 4.49%. The firm had revenue of $3.28 billion during the quarter, compared to the consensus estimate of $3.25 billion. Analysts expect that Burlington Stores, Inc. will post 7.93 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the company. Barclays lifted their target price on Burlington Stores from $317.00 to $329.00 and gave the stock an “overweight” rating in a report on Friday, March 7th. Evercore ISI boosted their price objective on shares of Burlington Stores from $315.00 to $340.00 and gave the company an “outperform” rating in a research report on Wednesday, November 27th. Citigroup lowered their target price on shares of Burlington Stores from $344.00 to $340.00 and set a “buy” rating for the company in a report on Friday, March 7th. TD Cowen upped 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, UBS Group raised their price objective on shares of Burlington Stores from $360.00 to $405.00 and gave the stock a “buy” rating in a research note on Friday, March 7th. One equities research analyst has rated the stock with a hold rating and fifteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $323.20.

Insider Activity

In related news, CMO Jennifer Vecchio sold 493 shares of the business’s stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $275.75, for a total value of $135,944.75. Following the completion of the transaction, the chief marketing officer now owns 58,944 shares of the company’s stock, valued at $16,253,808. The trade was a 0.83 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Over the last ninety days, insiders have sold 5,926 shares of company stock worth $1,461,774. Corporate insiders own 0.91% of the company’s stock.

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.