Skandinaviska Enskilda Banken AB publ Has $3.84 Million Position in Burlington Stores, Inc. (NYSE:BURL)

Skandinaviska Enskilda Banken AB publ boosted its holdings in Burlington Stores, Inc. (NYSE:BURL) by 3.7% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 13,464 shares of the company’s stock after buying an additional 476 shares during the period. Skandinaviska Enskilda Banken AB publ’s holdings in Burlington Stores were worth $3,835,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Argonautica Private Wealth Management Inc. increased its stake in Burlington Stores by 1.1% in the fourth quarter. Argonautica Private Wealth Management Inc. now owns 3,728 shares of the company’s stock valued at $1,063,000 after purchasing an additional 39 shares in the last quarter. IFP Advisors Inc increased its stake in Burlington Stores by 81.6% in the fourth quarter. IFP Advisors Inc now owns 89 shares of the company’s stock valued at $25,000 after purchasing an additional 40 shares in the last quarter. Legacy Capital Wealth Partners LLC increased its stake in Burlington Stores by 4.2% in the fourth quarter. Legacy Capital Wealth Partners LLC now owns 1,051 shares of the company’s stock valued at $300,000 after purchasing an additional 42 shares in the last quarter. MassMutual Private Wealth & Trust FSB increased its stake in Burlington Stores by 36.5% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 172 shares of the company’s stock valued at $49,000 after purchasing an additional 46 shares in the last quarter. Finally, M&T Bank Corp increased its position in shares of Burlington Stores by 1.5% during the third quarter. M&T Bank Corp now owns 3,089 shares of the company’s stock worth $813,000 after acquiring an additional 47 shares in the last quarter.

Insider Transactions at Burlington Stores

In other news, CMO Jennifer Vecchio sold 493 shares of the firm’s stock in a transaction dated Monday, February 3rd. The shares were 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 trade represents a 0.83 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 0.91% of the stock is currently owned by corporate insiders.

Burlington Stores Stock Performance

Shares of BURL stock opened at $228.52 on Monday. The stock has a market cap of $14.51 billion, a P/E ratio of 31.30, a P/E/G ratio of 1.11 and a beta of 1.73. The company has a debt-to-equity ratio of 1.35, a current ratio of 1.17 and a quick ratio of 0.54. The company has a fifty day moving average price of $263.00 and a two-hundred day moving average price of $268.14. Burlington Stores, Inc. has a one year low of $174.64 and a one year high of $298.89.

Burlington Stores (NYSE:BURL) last posted its earnings results on Thursday, March 6th. The company reported $4.07 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.75 by $0.32. The company had revenue of $3.28 billion during the quarter, compared to analysts’ expectations of $3.25 billion. Burlington Stores had a net margin of 4.49% and a return on equity of 47.52%. As a group, equities analysts predict that Burlington Stores, Inc. will post 7.93 EPS for the current year.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on BURL. Citigroup lowered their price objective on shares of Burlington Stores from $344.00 to $340.00 and set a “buy” rating for the company in a research report on Friday, March 7th. Robert W. Baird increased their price objective 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. Evercore ISI increased their price objective on shares of Burlington Stores from $315.00 to $340.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 27th. Telsey Advisory Group reissued an “outperform” rating and set a $340.00 price objective on shares of Burlington Stores in a research report on Thursday, March 6th. Finally, UBS Group raised their target price on shares of Burlington Stores from $360.00 to $405.00 and gave the company a “buy” rating in a research report on Friday, March 7th. One equities research 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 has an average rating of “Moderate Buy” and a consensus target price 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.