DnB Asset Management AS Sells 350 Shares of Burlington Stores, Inc. (NYSE:BURL)

DnB Asset Management AS trimmed its holdings in shares of Burlington Stores, Inc. (NYSE:BURL) by 3.1% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,896 shares of the company’s stock after selling 350 shares during the period. DnB Asset Management AS’s holdings in Burlington Stores were worth $3,106,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the business. Quantbot Technologies LP bought a new position in shares of Burlington Stores in the third quarter valued at about $638,000. Townsquare Capital LLC raised its stake in shares of Burlington Stores by 17.5% in the third quarter. Townsquare Capital LLC now owns 1,655 shares of the company’s stock worth $436,000 after acquiring an additional 246 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund acquired a new position in shares of Burlington Stores during the third quarter worth approximately $2,055,000. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of Burlington Stores by 48.5% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 21,087 shares of the company’s stock valued at $5,556,000 after purchasing an additional 6,887 shares during the last quarter. Finally, Captrust Financial Advisors increased its holdings in shares of Burlington Stores by 1.7% in the third quarter. Captrust Financial Advisors now owns 4,413 shares of the company’s stock valued at $1,163,000 after purchasing an additional 75 shares in the last quarter.

Insider Transactions at Burlington Stores

In other news, CMO Jennifer Vecchio sold 493 shares of the company’s stock in a transaction dated 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 of the company’s stock, valued at $16,253,808. This represents a 0.83 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders sold 5,926 shares of company stock valued at $1,461,774 over the last quarter. Corporate insiders own 0.91% of the company’s stock.

Burlington Stores Stock Performance

Shares of Burlington Stores stock opened at $238.36 on Tuesday. Burlington Stores, Inc. has a 12 month low of $174.64 and a 12 month high of $298.89. The company has a current ratio of 1.17, a quick ratio of 0.54 and a debt-to-equity ratio of 1.35. The company has a market capitalization of $15.07 billion, a PE ratio of 32.65, a PEG ratio of 1.11 and a beta of 1.73. The stock’s fifty day simple moving average is $252.81 and its 200 day simple moving average is $266.12.

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 business had revenue of $3.28 billion for the quarter, compared to analysts’ expectations of $3.25 billion. On average, research analysts predict that Burlington Stores, Inc. will post 7.93 EPS for the current year.

Analysts Set New Price Targets

A number of research analysts have commented on the company. UBS Group increased their price objective on Burlington Stores from $360.00 to $405.00 and gave the company a “buy” rating in a research report on Friday, March 7th. Barclays raised their price target on Burlington Stores from $317.00 to $329.00 and gave the company an “overweight” rating in a report on Friday, March 7th. Morgan Stanley lifted their price objective on Burlington Stores from $296.00 to $297.00 and gave the stock an “overweight” rating in a research report on Friday, March 7th. Citigroup cut their target price on shares of Burlington Stores from $344.00 to $340.00 and set a “buy” rating on the stock in a research report on Friday, March 7th. Finally, Robert W. Baird lifted their price target on shares of Burlington Stores from $330.00 to $335.00 and gave the stock an “outperform” rating in a research report on Friday, March 7th. One analyst has rated the stock with a hold rating and fifteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $323.20.

Burlington Stores 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.