23,000 Shares in Burlington Stores, Inc. (NYSE:BURL) Purchased by KLP Kapitalforvaltning AS

KLP Kapitalforvaltning AS bought a new stake in shares of Burlington Stores, Inc. (NYSE:BURL) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 23,000 shares of the company’s stock, valued at approximately $6,556,000.

Several other large investors have also recently made changes to their positions in BURL. Buckingham Capital Management Inc. grew its position in Burlington Stores by 159.0% during the 4th quarter. Buckingham Capital Management Inc. now owns 17,419 shares of the company’s stock valued at $4,965,000 after purchasing an additional 10,693 shares during the last quarter. Logan Capital Management Inc. grew its holdings in shares of Burlington Stores by 9.1% during the third quarter. Logan Capital Management Inc. now owns 56,354 shares of the company’s stock valued at $14,848,000 after buying an additional 4,695 shares during the last quarter. Allspring Global Investments Holdings LLC increased its position in shares of Burlington Stores by 7.5% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 378,921 shares of the company’s stock valued at $108,292,000 after acquiring an additional 26,412 shares in the last quarter. HB Wealth Management LLC purchased a new position in Burlington Stores in the 4th quarter worth approximately $265,000. Finally, Dai ichi Life Insurance Company Ltd purchased a new position in Burlington Stores in the 3rd quarter worth approximately $1,190,000.

Burlington Stores Trading Down 1.5 %

Shares of NYSE:BURL opened at $244.88 on Wednesday. The stock has a 50 day moving average of $256.57 and a 200 day moving average of $266.84. The company has a market cap of $15.48 billion, a PE ratio of 33.55, a price-to-earnings-growth ratio of 1.11 and a beta of 1.73. Burlington Stores, Inc. has a 12-month low of $174.64 and a 12-month high of $298.89. 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 (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 business had revenue of $3.28 billion during the quarter, compared to analyst estimates of $3.25 billion. As a group, equities research analysts expect that Burlington Stores, Inc. will post 7.93 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the company. TD Cowen lifted their target price on Burlington Stores from $334.00 to $339.00 and gave the stock a “buy” rating in a report on Thursday, December 12th. Evercore ISI boosted their target price on Burlington Stores from $315.00 to $340.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 27th. Morgan Stanley upped their target price on shares of Burlington Stores from $296.00 to $297.00 and gave the company an “overweight” rating in a research note on Friday, March 7th. Barclays lifted their price target on shares of Burlington Stores from $317.00 to $329.00 and gave the stock an “overweight” rating in a research note on Friday, March 7th. Finally, Robert W. Baird increased their price objective on shares of Burlington Stores from $330.00 to $335.00 and gave the company an “outperform” rating in a research report on Friday, March 7th. One investment analyst has rated the stock with a hold rating and fifteen have issued a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $323.20.

Insider Buying and Selling at Burlington Stores

In other news, CMO Jennifer Vecchio sold 493 shares of the business’s stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $275.75, for a total value of $135,944.75. Following the transaction, the chief marketing officer now owns 58,944 shares of the company’s stock, valued at approximately $16,253,808. The trade was a 0.83 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders have sold a total of 5,926 shares of company stock valued at $1,461,774 over the last ninety days. 0.91% of the stock is currently owned by company insiders.

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.