BI Asset Management Fondsmaeglerselskab A S Has $757,000 Stock Holdings in Burlington Stores, Inc. (NYSE:BURL)

BI Asset Management Fondsmaeglerselskab A S reduced its holdings in Burlington Stores, Inc. (NYSE:BURL - Free Report) by 57.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,656 shares of the company's stock after selling 3,608 shares during the quarter. BI Asset Management Fondsmaeglerselskab A S's holdings in Burlington Stores were worth $757,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. IFP Advisors Inc raised its stake in shares of Burlington Stores by 81.6% in the fourth quarter. IFP Advisors Inc now owns 89 shares of the company's stock worth $25,000 after acquiring an additional 40 shares during the last quarter. Fortitude Family Office LLC raised its position in Burlington Stores by 148.6% in the 4th quarter. Fortitude Family Office LLC now owns 92 shares of the company's stock worth $26,000 after purchasing an additional 55 shares during the last quarter. Stonebridge Financial Group LLC bought a new position in Burlington Stores in the 4th quarter worth approximately $31,000. Farther Finance Advisors LLC boosted its position in Burlington Stores by 104.5% in the 4th quarter. Farther Finance Advisors LLC now owns 135 shares of the company's stock valued at $38,000 after buying an additional 69 shares during the last quarter. Finally, Parkside Financial Bank & Trust increased its stake in shares of Burlington Stores by 157.1% in the 4th quarter. Parkside Financial Bank & Trust now owns 144 shares of the company's stock valued at $41,000 after buying an additional 88 shares during the period.

Insider Buying and Selling

In other Burlington Stores news, CMO Jennifer Vecchio sold 4,939 shares of the company's stock in a transaction that occurred on Thursday, March 20th. The stock was sold at an average price of $239.94, for a total transaction of $1,185,063.66. Following the completion of the transaction, the chief marketing officer now owns 70,006 shares of the company's stock, valued at $16,797,239.64. This represents a 6.59 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 1.10% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on BURL shares. Citigroup cut their price target on Burlington Stores from $344.00 to $340.00 and set a "buy" rating on the stock in a research note on Friday, March 7th. Telsey Advisory Group restated an "outperform" rating and set a $340.00 target price on shares of Burlington Stores in a research report on Thursday, March 6th. Morgan Stanley raised 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. UBS Group boosted their price target on shares of Burlington Stores from $360.00 to $405.00 and gave the stock a "buy" rating in a research note on Friday, March 7th. Finally, Robert W. Baird raised their price objective on shares of Burlington Stores from $330.00 to $335.00 and gave the company an "outperform" rating in a research note on Friday, March 7th. One research analyst has rated the stock with a hold rating and fifteen have given a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $323.13.

Burlington Stores Stock Up 0.0 %

Shares of NYSE BURL traded up $0.11 during mid-day trading on Tuesday, reaching $222.69. 111,267 shares of the company's stock were exchanged, compared to its average volume of 975,090. Burlington Stores, Inc. has a twelve month low of $175.30 and a twelve 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. The firm has a market capitalization of $14.03 billion, a price-to-earnings ratio of 30.49, a PEG ratio of 1.11 and a beta of 1.65. The business has a fifty day simple moving average of $235.73 and a 200 day simple moving average of $260.94.

Burlington Stores (NYSE:BURL - Get Free Report) last announced its earnings results on Thursday, March 6th. The company reported $4.07 EPS for the quarter, topping the consensus estimate 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. As a group, equities analysts expect that Burlington Stores, Inc. will post 7.93 EPS for the current fiscal year.

Burlington Stores Company 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.