Avanza Fonder AB Buys Shares of 6,249 Burlington Stores, Inc. (NYSE:BURL)

Avanza Fonder AB purchased a new position in Burlington Stores, Inc. (NYSE:BURL) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 6,249 shares of the company’s stock, valued at approximately $1,781,000.

Other hedge funds have also modified their holdings of the company. Massachusetts Financial Services Co. MA grew its stake in Burlington Stores by 1,048.8% in the third quarter. Massachusetts Financial Services Co. MA now owns 730,524 shares of the company’s stock valued at $192,478,000 after purchasing an additional 666,934 shares in the last quarter. AQR Capital Management LLC increased its holdings in Burlington Stores by 2,542.2% in the second quarter. AQR Capital Management LLC now owns 247,970 shares of the company’s stock worth $59,114,000 after buying an additional 238,585 shares during the last quarter. Dimensional Fund Advisors LP raised its position in Burlington Stores by 54.8% during the second quarter. Dimensional Fund Advisors LP now owns 587,376 shares of the company’s stock valued at $140,968,000 after acquiring an additional 207,959 shares in the last quarter. Marshall Wace LLP acquired a new stake in Burlington Stores in the second quarter valued at approximately $47,725,000. Finally, Anomaly Capital Management LP grew its position in Burlington Stores by 34.6% in the second quarter. Anomaly Capital Management LP now owns 730,175 shares of the company’s stock worth $175,242,000 after acquiring an additional 187,760 shares in the last quarter.

Insiders Place Their Bets

In related news, CMO Jennifer Vecchio sold 494 shares of the stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $284.95, for a total value of $140,765.30. Following the completion of the transaction, the chief marketing officer now owns 59,437 shares of the company’s stock, valued at $16,936,573.15. This represents a 0.82 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 0.91% of the company’s stock.

Burlington Stores Stock Up 0.4 %

Shares of BURL opened at $290.46 on Friday. The company has a debt-to-equity ratio of 1.35, a quick ratio of 0.54 and a current ratio of 1.17. The company has a 50-day simple moving average of $284.30 and a 200-day simple moving average of $267.09. Burlington Stores, Inc. has a 52 week low of $174.64 and a 52 week high of $298.89. The firm has a market capitalization of $18.44 billion, a P/E ratio of 39.79, a P/E/G ratio of 1.54 and a beta of 1.63.

Burlington Stores (NYSE:BURL) last announced its quarterly earnings data on Tuesday, November 26th. The company reported $1.55 EPS for the quarter, topping analysts’ consensus estimates of $1.54 by $0.01. Burlington Stores had a return on equity of 47.52% and a net margin of 4.49%. The company had revenue of $2.53 billion during the quarter, compared to the consensus estimate of $2.55 billion. During the same quarter last year, the company earned $0.98 EPS. The company’s quarterly revenue was up 10.5% on a year-over-year basis. On average, equities research analysts expect that Burlington Stores, Inc. will post 7.93 earnings per share for the current year.

Analyst Ratings Changes

Several equities research analysts recently issued reports on BURL shares. UBS Group raised shares of Burlington Stores from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $280.00 to $360.00 in a research note on Friday, January 10th. Citigroup boosted their price target on Burlington Stores from $313.00 to $344.00 and gave the stock a “buy” rating in a research report on Wednesday, November 27th. Barclays cut 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, November 27th. TD Cowen upped their target price on Burlington Stores from $334.00 to $339.00 and gave the stock a “buy” rating in a research report on Thursday, December 12th. Finally, Evercore ISI lifted their price target on shares of Burlington Stores from $315.00 to $340.00 and gave the company an “outperform” rating in a research report on Wednesday, November 27th. One analyst has rated the stock with a hold rating and fifteen have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $317.87.

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.