Harvest Fund Management Co. Ltd Increases Stake in Burlington Stores, Inc. (NYSE:BURL)

Harvest Fund Management Co. Ltd lifted its position in Burlington Stores, Inc. (NYSE:BURL) by 227.0% in the fourth quarter, HoldingsChannel.com reports. The firm owned 3,443 shares of the company’s stock after purchasing an additional 2,390 shares during the quarter. Harvest Fund Management Co. Ltd’s holdings in Burlington Stores were worth $981,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of BURL. OneDigital Investment Advisors LLC increased its stake in shares of Burlington Stores by 5.5% in the third quarter. OneDigital Investment Advisors LLC now owns 1,027 shares of the company’s stock worth $271,000 after purchasing an additional 54 shares in the last quarter. CIBC Asset Management Inc increased its stake in shares of Burlington Stores by 5.4% in the third quarter. CIBC Asset Management Inc now owns 2,283 shares of the company’s stock worth $602,000 after purchasing an additional 116 shares in the last quarter. Natixis Advisors LLC increased its stake in shares of Burlington Stores by 66.3% in the third quarter. Natixis Advisors LLC now owns 22,419 shares of the company’s stock worth $5,907,000 after purchasing an additional 8,939 shares in the last quarter. Fifth Third Wealth Advisors LLC increased its stake in shares of Burlington Stores by 9.9% in the third quarter. Fifth Third Wealth Advisors LLC now owns 2,226 shares of the company’s stock worth $587,000 after purchasing an additional 201 shares in the last quarter. Finally, B. Metzler seel. Sohn & Co. Holding AG purchased a new stake in shares of Burlington Stores in the third quarter worth $594,000.

Insider Transactions at Burlington Stores

In related news, CMO Jennifer Vecchio sold 493 shares of Burlington Stores 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 $16,253,808. This trade represents a 0.83 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 0.91% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on BURL shares. Telsey Advisory Group reissued an “outperform” rating and issued a $340.00 price objective on shares of Burlington Stores in a research note on Thursday, March 6th. TD Cowen raised their target price on shares of Burlington Stores from $334.00 to $339.00 and gave the company a “buy” rating in a research note on Thursday, December 12th. 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 note 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 for the company in a research note on Friday, March 7th. Finally, Barclays raised their target price on shares of Burlington Stores from $317.00 to $329.00 and gave the company an “overweight” rating in a research note 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 stock. According to MarketBeat.com, Burlington Stores has an average rating of “Moderate Buy” and an average target price of $323.20.

Burlington Stores Price Performance

Burlington Stores stock opened at $236.49 on Friday. The firm has a 50-day moving average price of $259.14 and a 200-day moving average price of $267.29. The firm has a market capitalization of $15.01 billion, a PE ratio of 32.40, a price-to-earnings-growth ratio of 1.11 and a beta of 1.73. The company has a current ratio of 1.17, a quick ratio of 0.54 and a debt-to-equity ratio of 1.35. Burlington Stores, Inc. has a 12-month low of $174.64 and a 12-month high of $298.89.

Burlington Stores (NYSE:BURL) last released its earnings results on Thursday, March 6th. The company reported $4.07 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.75 by $0.32. The firm had revenue of $3.28 billion during the quarter, compared to analyst estimates 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 research analysts forecast that Burlington Stores, Inc. will post 7.93 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.