Avanza Fonder AB Makes New $1.78 Million Investment in Burlington Stores, Inc. (NYSE:BURL)

Avanza Fonder AB purchased a new position in shares of Burlington Stores, Inc. (NYSE:BURL - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 6,249 shares of the company's stock, valued at approximately $1,781,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Massachusetts Financial Services Co. MA boosted its holdings in Burlington Stores by 1,048.8% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 730,524 shares of the company's stock worth $192,478,000 after acquiring an additional 666,934 shares during the period. AQR Capital Management LLC lifted its position in shares of Burlington Stores by 2,542.2% during the second quarter. AQR Capital Management LLC now owns 247,970 shares of the company's stock worth $59,114,000 after purchasing an additional 238,585 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Burlington Stores by 54.8% in the second quarter. Dimensional Fund Advisors LP now owns 587,376 shares of the company's stock valued at $140,968,000 after purchasing an additional 207,959 shares during the period. Marshall Wace LLP acquired a new stake in Burlington Stores during the 2nd quarter valued at $47,725,000. Finally, Anomaly Capital Management LP increased its stake in Burlington Stores by 34.6% during the 2nd quarter. Anomaly Capital Management LP now owns 730,175 shares of the company's stock worth $175,242,000 after buying an additional 187,760 shares during the period.

Insiders Place Their Bets

In other news, CMO Jennifer Vecchio sold 494 shares of the company's stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $284.95, for a total value of $140,765.30. Following the transaction, the chief marketing officer now owns 59,437 shares in the company, valued at $16,936,573.15. This represents a 0.82 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.91% of the company's stock.

Burlington Stores Price Performance

Shares of NYSE:BURL traded up $1.02 during trading hours on Friday, hitting $290.46. 415,855 shares of the company's stock traded hands, compared to its average volume of 584,832. 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's fifty day simple moving average is $284.30 and its two-hundred day simple moving average is $267.32. Burlington Stores, Inc. has a 52 week low of $174.64 and a 52 week high of $298.89. The company has a market cap of $18.44 billion, a price-to-earnings ratio of 39.79, a price-to-earnings-growth ratio of 1.54 and a beta of 1.63.

Burlington Stores (NYSE:BURL - Get Free Report) last issued its earnings results on Tuesday, November 26th. The company reported $1.55 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.54 by $0.01. Burlington Stores had a return on equity of 47.52% and a net margin of 4.49%. The business had revenue of $2.53 billion for the quarter, compared to analysts' expectations of $2.55 billion. During the same period in the previous year, the firm posted $0.98 EPS. The company's quarterly revenue was up 10.5% on a year-over-year basis. As a group, equities analysts anticipate that Burlington Stores, Inc. will post 7.93 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on BURL. StockNews.com downgraded shares of Burlington Stores from a "buy" rating to a "hold" rating in a research report on Wednesday, October 23rd. TD Cowen boosted their price objective on Burlington Stores from $334.00 to $339.00 and gave the company a "buy" rating in a report on Thursday, December 12th. Morgan Stanley increased their target price on Burlington Stores from $285.00 to $305.00 and gave the stock an "overweight" rating in a report on Wednesday, November 27th. Robert W. Baird boosted their price target on Burlington Stores from $315.00 to $330.00 and gave the company an "outperform" rating in a report on Wednesday, November 27th. Finally, Telsey Advisory Group restated an "outperform" rating and set a $310.00 price objective on shares of Burlington Stores in a research note on Tuesday, November 26th. One investment analyst has rated the stock with a hold rating and fifteen have issued a buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $317.87.

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.