Forsta AP Fonden Acquires 1,200 Shares of Burlington Stores, Inc. (NYSE:BURL)

Forsta AP Fonden boosted its holdings in shares of Burlington Stores, Inc. (NYSE:BURL) by 5.4% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 23,500 shares of the company’s stock after purchasing an additional 1,200 shares during the quarter. Forsta AP Fonden’s holdings in Burlington Stores were worth $6,192,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Crewe Advisors LLC bought a new stake in Burlington Stores during the 2nd quarter valued at approximately $25,000. ORG Partners LLC bought a new stake in Burlington Stores in the 2nd quarter worth approximately $38,000. UMB Bank n.a. increased its stake in Burlington Stores by 391.7% in the 3rd quarter. UMB Bank n.a. now owns 177 shares of the company’s stock worth $47,000 after acquiring an additional 141 shares during the last quarter. Blue Trust Inc. increased its stake in Burlington Stores by 619.2% in the 2nd quarter. Blue Trust Inc. now owns 187 shares of the company’s stock worth $43,000 after acquiring an additional 161 shares during the last quarter. Finally, American National Bank bought a new stake in Burlington Stores in the 2nd quarter worth approximately $47,000.

Insider Transactions at Burlington Stores

In other news, Director Paul Sullivan sold 1,705 shares of the stock in a transaction on Thursday, September 19th. The stock was sold at an average price of $277.05, for a total transaction of $472,370.25. Following the transaction, the director now owns 7,393 shares of the company’s stock, valued at approximately $2,048,230.65. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, Director Paul Sullivan sold 1,705 shares of the stock in a transaction on Thursday, September 19th. The stock was sold at an average price of $277.05, for a total transaction of $472,370.25. Following the transaction, the director now owns 7,393 shares of the company’s stock, valued at approximately $2,048,230.65. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CMO Jennifer Vecchio sold 494 shares of the firm’s stock in a transaction dated 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 trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 2,283 shares of company stock valued at $619,599. 0.91% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the company. Evercore ISI lifted their price objective on Burlington Stores from $300.00 to $315.00 and gave the stock an “outperform” rating in a research note on Friday, August 30th. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $300.00 price objective on shares of Burlington Stores in a research note on Thursday, August 29th. Gordon Haskett raised Burlington Stores from a “hold” rating to a “buy” rating and set a $300.00 price objective on the stock in a research note on Monday, August 19th. Barclays lifted their price objective on Burlington Stores from $274.00 to $327.00 and gave the stock an “overweight” rating in a research note on Friday, August 30th. Finally, Citigroup boosted their target price on Burlington Stores from $276.00 to $313.00 and gave the company a “buy” rating in a research report on Friday, August 30th. Two research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $294.94.

Burlington Stores Price Performance

BURL opened at $253.43 on Tuesday. The business has a fifty day moving average of $264.01 and a 200 day moving average of $237.39. Burlington Stores, Inc. has a 52-week low of $117.09 and a 52-week high of $282.49. The company has a quick ratio of 0.48, a current ratio of 1.04 and a debt-to-equity ratio of 1.15. The stock has a market cap of $16.18 billion, a P/E ratio of 42.45, a PEG ratio of 1.28 and a beta of 1.64.

Burlington Stores (NYSE:BURL) last posted its quarterly earnings results on Thursday, August 29th. The company reported $1.20 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.95 by $0.25. Burlington Stores had a return on equity of 47.43% and a net margin of 4.18%. The business had revenue of $2.47 billion for the quarter, compared to the consensus estimate of $2.42 billion. During the same quarter in the prior year, the company earned $0.60 EPS. The business’s revenue was up 13.4% compared to the same quarter last year. As a group, sell-side analysts anticipate that Burlington Stores, Inc. will post 7.91 EPS for the current 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.