DNB Asset Management AS Buys 1,733 Shares of Burlington Stores, Inc. (NYSE:BURL)

DNB Asset Management AS lifted its stake in Burlington Stores, Inc. (NYSE:BURL) by 17.9% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 11,429 shares of the company’s stock after acquiring an additional 1,733 shares during the period. DNB Asset Management AS’s holdings in Burlington Stores were worth $2,743,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Lindbrook Capital LLC raised its position in shares of Burlington Stores by 114.6% in the fourth quarter. Lindbrook Capital LLC now owns 176 shares of the company’s stock valued at $34,000 after purchasing an additional 94 shares during the period. Rise Advisors LLC acquired a new position in Burlington Stores during the 1st quarter worth $40,000. GAMMA Investing LLC acquired a new position in Burlington Stores during the 4th quarter worth $41,000. Mather Group LLC. bought a new stake in Burlington Stores during the first quarter valued at about $48,000. Finally, Fifth Third Bancorp acquired a new stake in shares of Burlington Stores in the fourth quarter valued at about $50,000.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on BURL shares. Bank of America increased their target price on Burlington Stores from $250.00 to $275.00 and gave the company a “buy” rating in a research note on Friday, May 31st. Robert W. Baird raised their price objective on shares of Burlington Stores from $260.00 to $275.00 and gave the stock an “outperform” rating in a research note on Friday, May 31st. UBS Group boosted their target price on shares of Burlington Stores from $212.00 to $238.00 and gave the stock a “neutral” rating in a research report on Monday, June 3rd. Evercore ISI increased their price target on shares of Burlington Stores from $250.00 to $274.00 and gave the company an “outperform” rating in a report on Friday, May 31st. Finally, Wells Fargo & Company boosted their price objective on shares of Burlington Stores from $275.00 to $300.00 and gave the stock an “overweight” rating in a report on Monday, July 22nd. Four analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. According to data from MarketBeat, Burlington Stores currently has a consensus rating of “Moderate Buy” and a consensus price target of $248.80.

Insider Buying and Selling at Burlington Stores

In related news, CMO Jennifer Vecchio sold 494 shares of the stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $255.37, for a total value of $126,152.78. Following the sale, the chief marketing officer now directly owns 61,907 shares in the company, valued at approximately $15,809,190.59. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.91% of the company’s stock.

Burlington Stores Trading Up 1.4 %

Shares of NYSE:BURL traded up $3.52 during trading on Tuesday, hitting $249.51. 715,086 shares of the company’s stock were exchanged, compared to its average volume of 922,213. The company has a current ratio of 1.07, a quick ratio of 0.52 and a debt-to-equity ratio of 1.20. The firm has a market cap of $15.93 billion, a P/E ratio of 41.75, a PEG ratio of 1.36 and a beta of 1.61. The firm has a 50-day moving average price of $239.45 and a two-hundred day moving average price of $213.79. Burlington Stores, Inc. has a 1-year low of $115.66 and a 1-year high of $263.84.

Burlington Stores (NYSE:BURL) last released its earnings results on Thursday, May 30th. The company reported $1.42 EPS for the quarter, topping analysts’ consensus estimates of $1.04 by $0.38. The firm had revenue of $2.36 billion during the quarter, compared to analyst estimates of $2.34 billion. Burlington Stores had a net margin of 3.87% and a return on equity of 46.39%. The business’s quarterly revenue was up 10.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.84 EPS. Equities analysts predict that Burlington Stores, Inc. will post 7.61 earnings per share for the current year.

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.