BI Asset Management Fondsmaeglerselskab A S Has $326,000 Stock Holdings in Burlington Stores, Inc. $BURL

Key Points

• BI Asset Management Fondsmaeglerselskab A S has reduced its stake in Burlington Stores, Inc. by 48.5%, now holding 1,367 shares valued at approximately $326,000.
• Multiple institutional investors have recently altered their positions in Burlington Stores, including UBS AM, which increased its stake by 55.6%, now controlling nearly 672,000 shares worth $191.56 million.
• Wall Street analysts have a consensus rating of "Buy" for Burlington Stores, with target prices ranging from $269.00 to $338.00, indicating a positive market outlook for the company.

BI Asset Management Fondsmaeglerselskab A S trimmed its position in shares of Burlington Stores, Inc. (NYSE:BURL - Free Report) by 48.5% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,367 shares of the company's stock after selling 1,289 shares during the period. BI Asset Management Fondsmaeglerselskab A S's holdings in Burlington Stores were worth $326,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Brooklyn Investment Group grew its stake in shares of Burlington Stores by 48.2% in the 1st quarter. Brooklyn Investment Group now owns 206 shares of the company's stock valued at $49,000 after purchasing an additional 67 shares during the period. Versor Investments LP grew its stake in shares of Burlington Stores by 164.1% in the 1st quarter. Versor Investments LP now owns 2,475 shares of the company's stock valued at $590,000 after purchasing an additional 1,538 shares during the period. Affinity Investment Advisors LLC grew its stake in shares of Burlington Stores by 19.4% in the 1st quarter. Affinity Investment Advisors LLC now owns 3,649 shares of the company's stock valued at $870,000 after purchasing an additional 592 shares during the period. Raymond James Financial Inc. grew its stake in shares of Burlington Stores by 11.5% in the 1st quarter. Raymond James Financial Inc. now owns 67,759 shares of the company's stock valued at $16,148,000 after purchasing an additional 6,965 shares during the period. Finally, American Century Companies Inc. grew its stake in shares of Burlington Stores by 4.0% in the 1st quarter. American Century Companies Inc. now owns 736,686 shares of the company's stock valued at $175,574,000 after purchasing an additional 28,566 shares during the period.

Insider Activity at Burlington Stores

In other news, CMO Jennifer Vecchio sold 420 shares of the business's stock in a transaction that occurred on Tuesday, July 1st. The stock was sold at an average price of $236.64, for a total value of $99,388.80. Following the transaction, the chief marketing officer directly owned 65,429 shares of the company's stock, valued at $15,483,118.56. The trade was a 0.64% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Stephen Ferroni sold 450 shares of the business's stock in a transaction that occurred on Thursday, June 5th. The stock was sold at an average price of $241.39, for a total value of $108,625.50. Following the completion of the transaction, the chief accounting officer directly owned 2,389 shares in the company, valued at $576,680.71. The trade was a 15.85% decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.10% of the stock is owned by insiders.

Burlington Stores Price Performance

Shares of BURL traded up $15.60 on Thursday, hitting $295.90. The company's stock had a trading volume of 2,017,346 shares, compared to its average volume of 1,127,888. The company has a market capitalization of $18.67 billion, a PE ratio of 36.31, a PEG ratio of 2.42 and a beta of 1.69. The company has a debt-to-equity ratio of 1.21, a current ratio of 1.06 and a quick ratio of 0.39. Burlington Stores, Inc. has a fifty-two week low of $212.92 and a fifty-two week high of $309.00. The company has a 50 day moving average price of $262.92 and a 200 day moving average price of $247.64.

Burlington Stores (NYSE:BURL - Get Free Report) last announced its earnings results on Thursday, May 29th. The company reported $1.60 EPS for the quarter, topping the consensus estimate of $1.43 by $0.17. The business had revenue of $2.50 billion for the quarter, compared to the consensus estimate of $2.52 billion. Burlington Stores had a return on equity of 44.03% and a net margin of 4.88%.Burlington Stores's revenue was up 6.0% compared to the same quarter last year. During the same period in the previous year, the business earned $1.35 EPS. On average, research analysts anticipate that Burlington Stores, Inc. will post 7.93 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

BURL has been the topic of several analyst reports. The Goldman Sachs Group lowered their price objective on Burlington Stores from $317.00 to $316.00 and set a "buy" rating on the stock in a research note on Tuesday, July 22nd. Loop Capital lowered their price objective on Burlington Stores from $315.00 to $305.00 and set a "buy" rating on the stock in a research note on Friday, May 30th. Telsey Advisory Group reiterated an "outperform" rating and issued a $300.00 price objective on shares of Burlington Stores in a research note on Thursday. UBS Group set a $390.00 price objective on Burlington Stores and gave the company a "buy" rating in a research note on Monday, July 14th. Finally, Evercore ISI lowered their price objective on Burlington Stores from $345.00 to $310.00 and set an "outperform" rating on the stock in a research note on Friday, May 30th. Thirteen investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock presently has an average rating of "Buy" and a consensus target price of $318.92.

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.