AMF Tjanstepension AB Makes New Investment in Burlington Stores, Inc. (NYSE:BURL)

AMF Tjanstepension AB bought a new position in shares of Burlington Stores, Inc. (NYSE:BURL) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 34,107 shares of the company’s stock, valued at approximately $8,186,000. AMF Tjanstepension AB owned 0.05% of Burlington Stores as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. GAMMA Investing LLC raised its holdings in shares of Burlington Stores by 20.4% in the 2nd quarter. GAMMA Investing LLC now owns 313 shares of the company’s stock valued at $75,000 after buying an additional 53 shares during the period. Park Avenue Securities LLC lifted its stake in shares of Burlington Stores by 3.4% during the first quarter. Park Avenue Securities LLC now owns 1,661 shares of the company’s stock worth $386,000 after purchasing an additional 54 shares in the last quarter. First Horizon Advisors Inc. increased its holdings in Burlington Stores by 12.9% in the fourth quarter. First Horizon Advisors Inc. now owns 509 shares of the company’s stock valued at $99,000 after buying an additional 58 shares during the last quarter. Wahed Invest LLC raised its position in shares of Burlington Stores by 7.1% during the 4th quarter. Wahed Invest LLC now owns 1,099 shares of the company’s stock worth $214,000 after purchasing an additional 73 shares during the period. Finally, Mitsubishi UFJ Asset Management Co. Ltd. grew its holdings in Burlington Stores by 0.3% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 25,947 shares of the company’s stock worth $4,874,000 after buying an additional 74 shares in the last quarter.

Insiders Place Their Bets

In other news, CMO Jennifer Vecchio sold 494 shares of Burlington Stores stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $255.37, for a total transaction of $126,152.78. Following the transaction, the chief marketing officer now owns 61,907 shares in the company, valued at $15,809,190.59. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.91% of the stock is currently owned by insiders.

Analyst Ratings Changes

BURL has been the subject of several recent research reports. BMO Capital Markets increased their price objective on Burlington Stores from $227.00 to $240.00 and gave the stock an “outperform” rating in a report on Friday, May 31st. Citigroup lifted their target price on shares of Burlington Stores from $258.00 to $276.00 and gave the stock a “buy” rating in a report on Friday, May 31st. Evercore ISI boosted their price objective on shares of Burlington Stores from $250.00 to $274.00 and gave the company an “outperform” rating in a research report on Friday, May 31st. TD Cowen upped their target price on shares of Burlington Stores from $209.00 to $257.00 and gave the company a “hold” rating in a report on Friday, May 31st. Finally, JPMorgan Chase & Co. increased their target price on shares of Burlington Stores from $284.00 to $288.00 and gave the stock an “overweight” rating in a research report on Monday, July 22nd. Four analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $248.80.

Burlington Stores Trading Down 2.7 %

Shares of BURL traded down $6.64 during midday trading on Wednesday, reaching $242.80. The company had a trading volume of 716,714 shares, compared to its average volume of 920,850. The firm has a 50 day simple moving average of $240.46 and a 200-day simple moving average of $214.18. The company has a quick ratio of 0.52, a current ratio of 1.07 and a debt-to-equity ratio of 1.20. The stock has a market cap of $15.50 billion, a PE ratio of 41.79, a price-to-earnings-growth ratio of 1.36 and a beta of 1.61. Burlington Stores, Inc. has a 1-year low of $115.66 and a 1-year high of $263.84.

Burlington Stores (NYSE:BURL) last announced its quarterly earnings data on Thursday, May 30th. The company reported $1.42 earnings per share for the quarter, topping analysts’ consensus estimates of $1.04 by $0.38. Burlington Stores had a return on equity of 46.39% and a net margin of 3.87%. The firm had revenue of $2.36 billion for the quarter, compared to analyst estimates of $2.34 billion. During the same quarter in the prior year, the company posted $0.84 earnings per share. Burlington Stores’s quarterly revenue was up 10.7% on a year-over-year basis. Research analysts forecast that Burlington Stores, Inc. will post 7.61 EPS for the current fiscal 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.