APG Asset Management N.V. Buys Shares of 34,100 Burlington Stores, Inc. (NYSE:BURL)

APG Asset Management N.V. bought a new stake in shares of Burlington Stores, Inc. (NYSE:BURL - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 34,100 shares of the company's stock, valued at approximately $9,387,000. APG Asset Management N.V. owned 0.05% of Burlington Stores at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently made changes to their positions in BURL. Geode Capital Management LLC raised its holdings in shares of Burlington Stores by 0.8% during the fourth quarter. Geode Capital Management LLC now owns 1,083,852 shares of the company's stock valued at $308,403,000 after acquiring an additional 8,892 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its position in shares of Burlington Stores by 30.8% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 955,648 shares of the company's stock worth $272,417,000 after purchasing an additional 225,124 shares in the last quarter. Norges Bank purchased a new position in shares of Burlington Stores in the 4th quarter worth about $227,268,000. American Century Companies Inc. lifted its stake in shares of Burlington Stores by 17.1% in the fourth quarter. American Century Companies Inc. now owns 708,120 shares of the company's stock worth $201,857,000 after buying an additional 103,202 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership grew its holdings in shares of Burlington Stores by 38.6% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 506,170 shares of the company's stock valued at $144,289,000 after buying an additional 141,020 shares during the last quarter.

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Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. UBS Group upped their price objective on Burlington Stores from $360.00 to $405.00 and gave the company a "buy" rating in a research report on Friday, March 7th. Morgan Stanley raised their price target on Burlington Stores from $296.00 to $297.00 and gave the stock an "overweight" rating in a research note on Friday, March 7th. Robert W. Baird increased their price objective on shares of Burlington Stores from $330.00 to $335.00 and gave the stock an "outperform" rating in a research note on Friday, March 7th. Citigroup cut their price objective on shares of Burlington Stores from $344.00 to $340.00 and set a "buy" rating for the company in a research report on Friday, March 7th. Finally, Telsey Advisory Group reiterated an "outperform" rating and set a $340.00 price objective on shares of Burlington Stores in a research note on Thursday, March 6th. One 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 has an average rating of "Moderate Buy" and a consensus target price of $323.13.

Burlington Stores Price Performance

Shares of BURL traded down $3.33 during mid-day trading on Tuesday, hitting $236.13. 697,941 shares of the stock were exchanged, compared to its average volume of 973,976. The firm has a 50-day moving average of $241.35 and a two-hundred day moving average of $263.21. Burlington Stores, Inc. has a 52-week low of $174.64 and a 52-week high of $298.89. The company has a debt-to-equity ratio of 1.35, a quick ratio of 0.54 and a current ratio of 1.17. The company has a market cap of $14.87 billion, a PE ratio of 32.35, a price-to-earnings-growth ratio of 1.11 and a beta of 1.65.

Burlington Stores (NYSE:BURL - Get Free Report) last released its quarterly earnings data on Thursday, March 6th. The company reported $4.07 EPS for the quarter, beating 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 business had revenue of $3.28 billion during the quarter, compared to analyst estimates of $3.25 billion. On average, equities analysts predict that Burlington Stores, Inc. will post 7.93 earnings per share for the current year.

Insider Activity at Burlington Stores

In related news, CMO Jennifer Vecchio sold 4,939 shares of the stock in a transaction dated Thursday, March 20th. The shares were sold at an average price of $239.94, for a total value of $1,185,063.66. Following the sale, the chief marketing officer now directly 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 document filed with the SEC, which is available through this hyperlink. 0.91% of the stock is currently owned by insiders.

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.