Burlington Stores, Inc. (NYSE:BURL) Shares Sold by Swiss National Bank

Swiss National Bank lowered its stake in shares of Burlington Stores, Inc. (NYSE:BURL) by 5.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 179,800 shares of the company’s stock after selling 9,600 shares during the quarter. Swiss National Bank owned about 0.28% of Burlington Stores worth $51,254,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. IFP Advisors Inc raised its holdings in Burlington Stores by 81.6% in the fourth 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. RPg Family Wealth Advisory LLC acquired a new stake in shares of Burlington Stores in the third quarter worth $26,000. Fortitude Family Office LLC increased its position in shares of Burlington Stores by 148.6% in the fourth quarter. Fortitude Family Office LLC now owns 92 shares of the company’s stock worth $26,000 after acquiring an additional 55 shares in the last quarter. Stonebridge Financial Group LLC acquired a new position in shares of Burlington Stores during the 4th quarter valued at $31,000. Finally, Brooklyn Investment Group acquired a new position in shares of Burlington Stores during the 3rd quarter valued at $33,000.

Analysts Set New Price Targets

BURL has been the topic of several research reports. Robert W. Baird raised their price objective on Burlington Stores from $330.00 to $335.00 and gave the company an “outperform” rating in a research report on Friday, March 7th. Citigroup reduced their price target on Burlington Stores from $344.00 to $340.00 and set a “buy” rating on the stock in a research report on Friday, March 7th. TD Cowen upped their price target on Burlington Stores from $334.00 to $339.00 and gave the stock a “buy” rating in a report on Thursday, December 12th. UBS Group lifted their price objective on shares of Burlington Stores from $360.00 to $405.00 and gave the company a “buy” rating in a research note on Friday, March 7th. Finally, Barclays upped their target price on shares of Burlington Stores from $317.00 to $329.00 and gave the company an “overweight” rating in a research note on Friday, March 7th. One equities research analyst has rated the stock with a hold rating and fifteen have given a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $323.20.

Burlington Stores Stock Up 0.0 %

NYSE:BURL opened at $228.52 on Friday. 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 has a market capitalization of $14.51 billion, a price-to-earnings ratio of 31.30, a price-to-earnings-growth ratio of 1.11 and a beta of 1.73. Burlington Stores, Inc. has a one year low of $174.64 and a one year high of $298.89. The stock has a 50-day simple moving average of $263.00 and a 200 day simple moving average of $268.17.

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

Insider Buying and Selling at Burlington Stores

In related news, CMO Jennifer Vecchio sold 493 shares of the company’s stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $275.75, for a total transaction of $135,944.75. Following the completion of the transaction, the chief marketing officer now directly owns 58,944 shares in the company, valued at $16,253,808. This represents a 0.83 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.91% of the stock is owned by insiders.

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.