Handelsbanken Fonder AB Has $4.68 Million Stock Position in Burlington Stores, Inc. (NYSE:BURL)

Handelsbanken Fonder AB lifted its stake in shares of Burlington Stores, Inc. (NYSE:BURL) by 2.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 16,400 shares of the company’s stock after buying an additional 400 shares during the period. Handelsbanken Fonder AB’s holdings in Burlington Stores were worth $4,675,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of BURL. RPg Family Wealth Advisory LLC bought a new stake in shares of Burlington Stores in the third quarter valued at $26,000. Fortitude Family Office LLC boosted its stake in Burlington Stores by 148.6% during the 4th quarter. Fortitude Family Office LLC now owns 92 shares of the company’s stock valued at $26,000 after purchasing an additional 55 shares during the last quarter. Stonebridge Financial Group LLC bought a new position in shares of Burlington Stores during the 4th quarter valued at $31,000. Brooklyn Investment Group bought a new position in Burlington Stores in the 3rd quarter worth $33,000. Finally, MassMutual Private Wealth & Trust FSB raised its holdings in Burlington Stores by 36.5% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 172 shares of the company’s stock worth $49,000 after purchasing an additional 46 shares during the period.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on BURL shares. Evercore ISI raised their price objective on Burlington Stores from $315.00 to $340.00 and gave the company an “outperform” rating in a research report on Wednesday, November 27th. Robert W. Baird lifted their price target on shares of Burlington Stores from $315.00 to $330.00 and gave the stock an “outperform” rating in a report on Wednesday, November 27th. 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. Citigroup upped their price objective on shares of Burlington Stores from $313.00 to $344.00 and gave the stock a “buy” rating in a research report on Wednesday, November 27th. Finally, Barclays cut their price objective on shares of Burlington Stores from $327.00 to $317.00 and set an “overweight” rating for the company in a report on Wednesday, November 27th. One research analyst has rated the stock with a hold rating and fifteen have assigned a buy rating to the company. Based on data from MarketBeat, Burlington Stores has a consensus rating of “Moderate Buy” and an average price target of $317.87.

Insiders Place Their Bets

In other news, CMO Jennifer Vecchio sold 493 shares of the 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 sale, the chief marketing officer now owns 58,944 shares in the company, valued at approximately $16,253,808. This represents a 0.83 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders sold 1,481 shares of company stock worth $421,892 over the last ninety days. Company insiders own 0.91% of the company’s stock.

Burlington Stores Trading Down 2.6 %

Shares of BURL opened at $235.74 on Monday. The company has a debt-to-equity ratio of 1.35, a current ratio of 1.17 and a quick ratio of 0.54. Burlington Stores, Inc. has a 12 month low of $174.64 and a 12 month high of $298.89. The stock’s 50-day moving average is $277.47 and its two-hundred day moving average is $270.90. The stock has a market cap of $14.97 billion, a PE ratio of 32.29, a P/E/G ratio of 1.11 and a beta of 1.62.

Burlington Stores (NYSE:BURL) last announced its quarterly earnings data on Tuesday, November 26th. The company reported $1.55 earnings per share for the quarter, beating the consensus estimate of $1.54 by $0.01. The firm 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% on a year-over-year basis. During the same period in the previous year, the company earned $0.98 earnings per share. Equities analysts forecast that Burlington Stores, Inc. will post 7.93 earnings per share for the current fiscal year.

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.