797,265 Shares in Burlington Stores, Inc. (NYSE:BURL) Acquired by Norges Bank

Norges Bank bought a new stake in Burlington Stores, Inc. (NYSE:BURL) in the fourth quarter, Holdings Channel.com reports. The institutional investor bought 797,265 shares of the company’s stock, valued at approximately $227,268,000.

Several other large investors also recently added to or reduced their stakes in BURL. IFP Advisors Inc lifted its stake in shares of Burlington Stores by 81.6% in the 4th quarter. IFP Advisors Inc now owns 89 shares of the company’s stock valued at $25,000 after purchasing an additional 40 shares during the last quarter. Fortitude Family Office LLC raised its holdings in Burlington Stores by 148.6% during the fourth quarter. Fortitude Family Office LLC now owns 92 shares of the company’s stock valued at $26,000 after buying an additional 55 shares in the last quarter. Stonebridge Financial Group LLC acquired a new stake in shares of Burlington Stores in the fourth quarter worth about $31,000. Farther Finance Advisors LLC boosted its stake in shares of Burlington Stores by 104.5% during the 4th quarter. Farther Finance Advisors LLC now owns 135 shares of the company’s stock worth $38,000 after acquiring an additional 69 shares in the last quarter. Finally, Parkside Financial Bank & Trust increased its holdings in shares of Burlington Stores by 157.1% during the 4th quarter. Parkside Financial Bank & Trust now owns 144 shares of the company’s stock valued at $41,000 after acquiring an additional 88 shares during the last quarter.

Insider Activity

In other news, CMO Jennifer Vecchio sold 494 shares of the stock in a transaction that occurred on Thursday, January 2nd. The stock was 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 directly owns 59,437 shares of the company’s stock, valued at approximately $16,936,573.15. This represents a 0.82 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In the last three months, insiders have sold 5,926 shares of company stock worth $1,461,774. Corporate insiders own 0.91% of the company’s stock.

Analysts Set New Price Targets

BURL has been the subject of a number of recent analyst reports. Robert W. Baird upped their target price on Burlington Stores from $330.00 to $335.00 and gave the stock an “outperform” rating in a research report on Friday, March 7th. 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. Morgan Stanley boosted their target price on shares of Burlington Stores from $296.00 to $297.00 and gave the stock an “overweight” rating in a research report on Friday, March 7th. Citigroup lowered their price target on Burlington Stores from $344.00 to $340.00 and set a “buy” rating on the stock in a research report on Friday, March 7th. Finally, 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. One investment analyst has rated the stock with a hold rating and fifteen have given a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $323.20.

Burlington Stores Price Performance

Shares of NYSE:BURL opened at $238.00 on Monday. The business’s 50 day moving average is $253.86 and its 200-day moving average is $266.38. The company has a current ratio of 1.17, a quick ratio of 0.54 and a debt-to-equity ratio of 1.35. The firm has a market capitalization of $15.04 billion, a PE ratio of 32.60, a PEG ratio of 1.11 and a beta of 1.73. Burlington Stores, Inc. has a 1-year low of $174.64 and a 1-year high of $298.89.

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