Swedbank AB Raises Position in Burlington Stores, Inc. (NYSE:BURL)

Swedbank AB increased its holdings in Burlington Stores, Inc. (NYSE:BURL) by 26.6% during the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 6,002 shares of the company’s stock after buying an additional 1,261 shares during the period. Swedbank AB’s holdings in Burlington Stores were worth $1,581,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Crewe Advisors LLC purchased a new stake in Burlington Stores during the second quarter valued at about $25,000. ORG Partners LLC bought a new position in shares of Burlington Stores during the second quarter valued at about $38,000. UMB Bank n.a. grew its stake in shares of Burlington Stores by 391.7% during the third quarter. UMB Bank n.a. now owns 177 shares of the company’s stock valued at $47,000 after buying an additional 141 shares during the last quarter. Blue Trust Inc. grew its stake in shares of Burlington Stores by 619.2% during the second quarter. Blue Trust Inc. now owns 187 shares of the company’s stock valued at $43,000 after buying an additional 161 shares during the last quarter. Finally, American National Bank bought a new position in shares of Burlington Stores during the second quarter valued at about $47,000.

Insider Buying and Selling at Burlington Stores

In other news, Director Paul Sullivan sold 1,705 shares of the business’s stock in a transaction on Thursday, September 19th. The shares were sold at an average price of $277.05, for a total transaction of $472,370.25. Following the completion of the sale, the director now owns 7,393 shares of the company’s stock, valued at $2,048,230.65. The trade was a 18.74 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 0.91% of the company’s stock.

Burlington Stores Price Performance

Shares of BURL opened at $288.60 on Thursday. The firm has a market cap of $18.37 billion, a PE ratio of 43.40, a P/E/G ratio of 1.48 and a beta of 1.64. The company has a current ratio of 1.04, a quick ratio of 0.48 and a debt-to-equity ratio of 1.15. The firm has a fifty day simple moving average of $262.06 and a two-hundred day simple moving average of $249.44. Burlington Stores, Inc. has a 1-year low of $168.49 and a 1-year high of $298.89.

Burlington Stores (NYSE:BURL) last announced its earnings results on Tuesday, November 26th. The company reported $1.55 earnings per share for the quarter, beating analysts’ consensus estimates of $1.53 by $0.02. The business had revenue of $2.53 billion during the quarter, compared to analyst estimates of $2.55 billion. Burlington Stores had a net margin of 4.18% and a return on equity of 47.43%. The company’s quarterly revenue was up 10.5% compared to the same quarter last year. During the same period in the previous year, the business earned $0.98 EPS. On average, equities analysts anticipate that Burlington Stores, Inc. will post 7.94 EPS for the current year.

Analyst Ratings Changes

A number of research analysts have recently issued reports on BURL shares. Barclays reduced their price objective on Burlington Stores from $327.00 to $317.00 and set an “overweight” rating on the stock in a research note on Wednesday. Telsey Advisory Group reaffirmed an “outperform” rating and set a $310.00 price objective on shares of Burlington Stores in a research report on Tuesday. Evercore ISI lifted their target price on shares of Burlington Stores from $315.00 to $340.00 and gave the company an “outperform” rating in a report on Wednesday. The Goldman Sachs Group lifted their target price on shares of Burlington Stores from $278.00 to $310.00 and gave the company a “buy” rating in a report on Friday, August 30th. Finally, UBS Group lifted their target price on shares of Burlington Stores from $270.00 to $280.00 and gave the company a “neutral” rating in a report on Thursday, November 14th. Two equities research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $307.69.

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.