Andra AP fonden Buys 6,200 Shares of Burlington Stores, Inc. $BURL

Andra AP fonden increased its stake in Burlington Stores, Inc. (NYSE:BURL) by 15.3% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 46,800 shares of the company’s stock after purchasing an additional 6,200 shares during the quarter. Andra AP fonden’s holdings in Burlington Stores were worth $11,911,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. Norges Bank purchased a new stake in Burlington Stores during the second quarter valued at approximately $171,893,000. Vanguard Group Inc. increased its holdings in Burlington Stores by 3.5% in the 3rd quarter. Vanguard Group Inc. now owns 6,782,201 shares of the company’s stock valued at $1,726,070,000 after acquiring an additional 232,358 shares during the last quarter. Westfield Capital Management Co. LP bought a new position in Burlington Stores during the second quarter valued at approximately $49,702,000. SRS Investment Management LLC boosted its position in shares of Burlington Stores by 15.9% during the 2nd quarter. SRS Investment Management LLC now owns 1,472,137 shares of the company’s stock valued at $342,478,000 after acquiring an additional 201,716 shares during the last quarter. Finally, Ontario Teachers Pension Plan Board purchased a new position in shares of Burlington Stores in the 3rd quarter worth $33,403,000.

Burlington Stores Trading Down 0.7%

Shares of NYSE:BURL opened at $306.40 on Friday. The business has a 50 day moving average of $301.18 and a two-hundred day moving average of $282.15. Burlington Stores, Inc. has a 12-month low of $212.92 and a 12-month high of $332.20. The company has a market capitalization of $19.28 billion, a PE ratio of 35.22, a PEG ratio of 1.74 and a beta of 1.74. The company has a current ratio of 1.21, a quick ratio of 0.46 and a debt-to-equity ratio of 1.32.

Burlington Stores (NYSE:BURL) last released its quarterly earnings data on Tuesday, November 25th. The company reported $1.68 earnings per share for the quarter, beating analysts’ consensus estimates of $1.59 by $0.09. Burlington Stores had a net margin of 5.01% and a return on equity of 41.02%. The company had revenue of $2.71 billion during the quarter, compared to analysts’ expectations of $2.74 billion. During the same quarter in the previous year, the company earned $1.55 earnings per share. The firm’s revenue for the quarter was up 7.1% on a year-over-year basis. As a group, analysts forecast that Burlington Stores, Inc. will post 7.93 EPS for the current year.

Analysts Set New Price Targets

BURL has been the topic of several analyst reports. Telsey Advisory Group reissued an “outperform” rating and set a $350.00 target price on shares of Burlington Stores in a research report on Tuesday, November 25th. Gordon Haskett downgraded Burlington Stores from a “strong-buy” rating to a “hold” rating in a report on Wednesday, November 5th. Morgan Stanley cut their price target on Burlington Stores from $330.00 to $310.00 and set an “overweight” rating on the stock in a report on Wednesday, November 26th. JPMorgan Chase & Co. increased their price target on shares of Burlington Stores from $316.00 to $356.00 and gave the company an “overweight” rating in a research report on Monday, February 23rd. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of Burlington Stores in a report on Wednesday, January 21st. Fifteen equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Burlington Stores has a consensus rating of “Moderate Buy” and a consensus target price of $338.44.

Burlington Stores Company Profile

Burlington Stores, Inc is an American off-price retailer that sells apparel and home goods at discounted prices. The company’s merchandise assortment includes clothing for women, men and children, plus baby products, footwear, accessories, beauty items, toys and home décor. Burlington’s merchandising strategy focuses on offering branded and private-label goods at lower prices than traditional department stores by sourcing excess inventory, closeouts and opportunistic buys from manufacturers and other retailers.

The business traces its roots to the Burlington Coat Factory name established in the early 1970s and has since evolved into a broader off-price retailer that carries a wide range of seasonal and everyday merchandise.