Burlington Stores, Inc. (NYSE:BURL) Shares Sold by BI Asset Management Fondsmaeglerselskab A S

BI Asset Management Fondsmaeglerselskab A S reduced its position in shares of Burlington Stores, Inc. (NYSE:BURL - Free Report) by 57.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,656 shares of the company's stock after selling 3,608 shares during the period. BI Asset Management Fondsmaeglerselskab A S's holdings in Burlington Stores were worth $757,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the stock. IFP Advisors Inc grew its position in shares of Burlington Stores by 81.6% in the fourth quarter. IFP Advisors Inc now owns 89 shares of the company's stock valued at $25,000 after purchasing an additional 40 shares during the last quarter. Fortitude Family Office LLC grew its position in shares of Burlington Stores by 148.6% in the 4th quarter. Fortitude Family Office LLC now owns 92 shares of the company's stock valued at $26,000 after buying an additional 55 shares during the last quarter. Stonebridge Financial Group LLC bought a new position in Burlington Stores during the fourth quarter worth $31,000. Farther Finance Advisors LLC boosted its holdings in shares of Burlington Stores by 104.5% during the 4th quarter. Farther Finance Advisors LLC now owns 135 shares of the company's stock worth $38,000 after buying an additional 69 shares in the last quarter. Finally, Parkside Financial Bank & Trust boosted its holdings in Burlington Stores by 157.1% in the fourth quarter. Parkside Financial Bank & Trust now owns 144 shares of the company's stock worth $41,000 after acquiring an additional 88 shares in the last quarter.

Burlington Stores Trading Down 0.1 %

NYSE BURL traded down $0.14 on Monday, reaching $223.03. 418,507 shares of the company were exchanged, compared to its average volume of 977,811. Burlington Stores, Inc. has a fifty-two week low of $175.30 and a fifty-two week high of $298.89. The stock has a market capitalization of $14.05 billion, a P/E ratio of 30.56, a price-to-earnings-growth ratio of 1.11 and a beta of 1.65. The business's fifty day moving average price is $236.12 and its 200 day moving average price is $261.15. The company has a current ratio of 1.17, a quick ratio of 0.54 and a debt-to-equity ratio of 1.35.

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, beating analysts' consensus estimates of $3.75 by $0.32. Burlington Stores had a return on equity of 47.52% and a net margin of 4.49%. The company had revenue of $3.28 billion during the quarter, compared to analysts' expectations of $3.25 billion. Analysts forecast that Burlington Stores, Inc. will post 7.93 earnings per share for the current year.

Insider Transactions at Burlington Stores

In other Burlington Stores news, CMO Jennifer Vecchio sold 493 shares of the stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $275.75, for a total transaction of $135,944.75. Following the completion of the sale, the chief marketing officer now directly owns 58,944 shares of the company's stock, valued at approximately $16,253,808. This trade represents a 0.83 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 1.10% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on BURL shares. Morgan Stanley boosted their target price on Burlington Stores from $296.00 to $297.00 and gave the stock an "overweight" 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. JPMorgan Chase & Co. cut their price target on shares of Burlington Stores from $336.00 to $287.00 and set an "overweight" rating for the company in a research note on Monday, April 14th. Telsey Advisory Group reaffirmed an "outperform" rating and issued a $340.00 price objective on shares of Burlington Stores in a research note on Thursday, March 6th. Finally, Barclays boosted their price objective on shares of Burlington Stores from $317.00 to $329.00 and gave the company an "overweight" rating in a research report on Friday, March 7th. One research analyst has rated the stock with a hold rating and fifteen have issued a buy rating to the stock. According to MarketBeat.com, Burlington Stores presently has an average rating of "Moderate Buy" and a consensus price target of $323.13.

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.