Forsta AP Fonden Cuts Holdings in Burlington Stores, Inc. (NYSE:BURL)

Forsta AP Fonden lessened its holdings in Burlington Stores, Inc. (NYSE:BURL - Free Report) by 14.9% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 20,000 shares of the company's stock after selling 3,500 shares during the period. Forsta AP Fonden's holdings in Burlington Stores were worth $5,701,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of BURL. Geode Capital Management LLC grew its position in shares of Burlington Stores by 1.7% during the third quarter. Geode Capital Management LLC now owns 1,074,960 shares of the company's stock worth $282,582,000 after purchasing an additional 18,160 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its stake 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 purchasing an additional 666,934 shares during the period. Jennison Associates LLC grew its holdings in Burlington Stores by 2.4% during the 3rd quarter. Jennison Associates LLC now owns 510,074 shares of the company's stock valued at $134,394,000 after buying an additional 12,143 shares in the last quarter. Stephens Investment Management Group LLC grew its holdings in Burlington Stores by 2.0% during the 3rd quarter. Stephens Investment Management Group LLC now owns 403,981 shares of the company's stock valued at $106,441,000 after buying an additional 7,859 shares in the last quarter. Finally, Artemis Investment Management LLP raised its position in shares of Burlington Stores by 6.6% during the fourth quarter. Artemis Investment Management LLP now owns 396,938 shares of the company's stock valued at $113,151,000 after buying an additional 24,576 shares during the last quarter.

Burlington Stores Trading Down 0.6 %

NYSE BURL traded down $1.63 on Tuesday, hitting $272.04. 946,470 shares of the stock were exchanged, compared to its average volume of 706,262. Burlington Stores, Inc. has a 52-week low of $174.64 and a 52-week high of $298.89. The firm has a market capitalization of $17.27 billion, a P/E ratio of 37.27, a P/E/G ratio of 1.53 and a beta of 1.62. 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 stock has a fifty day moving average price of $287.56 and a two-hundred day moving average price of $270.92.

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

Insider Transactions at Burlington Stores

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

Analyst Ratings Changes

Several equities analysts recently weighed in on the stock. StockNews.com cut shares of Burlington Stores from a "buy" rating to a "hold" rating in a research note on Wednesday, October 23rd. Citigroup increased their price objective on shares of Burlington Stores from $313.00 to $344.00 and gave the company a "buy" rating in a report on Wednesday, November 27th. TD Cowen lifted their target price on Burlington Stores from $334.00 to $339.00 and gave the stock a "buy" rating in a report on Thursday, December 12th. Barclays dropped their price target on Burlington Stores from $327.00 to $317.00 and set an "overweight" rating for the company in a research note on Wednesday, November 27th. Finally, Telsey Advisory Group reaffirmed an "outperform" rating and issued a $310.00 price objective on shares of Burlington Stores in a research note on Tuesday, November 26th. One research analyst has rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. According to data from MarketBeat.com, Burlington Stores currently has an average rating of "Moderate Buy" and a consensus target price 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.