Swiss National Bank Sells 9,600 Shares of Burlington Stores, Inc. (NYSE:BURL)

Swiss National Bank lessened its stake in shares of Burlington Stores, Inc. (NYSE:BURL - Free Report) by 5.1% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 179,800 shares of the company's stock after selling 9,600 shares during the quarter. Swiss National Bank owned approximately 0.28% of Burlington Stores worth $51,254,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Janney Montgomery Scott LLC grew its stake in shares of Burlington Stores by 90.0% in the third quarter. Janney Montgomery Scott LLC now owns 4,482 shares of the company's stock worth $1,181,000 after purchasing an additional 2,123 shares during the last quarter. Assetmark Inc. raised its holdings in shares of Burlington Stores by 3,950.0% in the 3rd quarter. Assetmark Inc. now owns 648 shares of the company's stock worth $171,000 after acquiring an additional 632 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. grew its position in Burlington Stores by 2.3% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 145,552 shares of the company's stock worth $38,350,000 after purchasing an additional 3,246 shares in the last quarter. KBC Group NV grew its position in Burlington Stores by 317.6% in the 3rd quarter. KBC Group NV now owns 37,563 shares of the company's stock worth $9,897,000 after purchasing an additional 28,567 shares in the last quarter. Finally, Huntington National Bank grew its position in Burlington Stores by 184.9% in the 3rd quarter. Huntington National Bank now owns 265 shares of the company's stock worth $70,000 after purchasing an additional 172 shares in the last quarter.

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Insider Buying and Selling

In other Burlington Stores news, CMO Jennifer Vecchio sold 493 shares of the stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $275.75, for a total transaction of $135,944.75. Following the completion of the transaction, the chief marketing officer now owns 58,944 shares in the company, valued at $16,253,808. This trade represents a 0.83 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.91% of the stock is owned by company insiders.

Burlington Stores Price Performance

Shares of NYSE BURL traded up $10.73 during midday trading on Wednesday, reaching $244.63. The stock had a trading volume of 1,250,839 shares, compared to its average volume of 1,124,728. The stock has a 50-day moving average of $260.94 and a 200-day moving average of $267.67. 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 capitalization of $15.53 billion, a price-to-earnings ratio of 33.51, a price-to-earnings-growth ratio of 1.11 and a beta of 1.73. Burlington Stores, Inc. has a 12-month low of $174.64 and a 12-month high of $298.89.

Burlington Stores (NYSE:BURL - Get Free Report) last announced its quarterly earnings data on Thursday, March 6th. The company reported $4.07 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $3.75 by $0.32. Burlington Stores had a net margin of 4.49% and a return on equity of 47.52%. The firm had revenue of $3.28 billion during the quarter, compared to analysts' expectations of $3.25 billion. As a group, research analysts anticipate that Burlington Stores, Inc. will post 7.93 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on BURL shares. Citigroup reduced their target price 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. UBS Group lifted their target price on shares of Burlington Stores from $360.00 to $405.00 and gave the stock a "buy" rating in a research report on Friday, March 7th. Robert W. Baird boosted their price target on shares of Burlington Stores from $330.00 to $335.00 and gave the company an "outperform" rating in a research report on Friday, March 7th. Telsey Advisory Group reissued an "outperform" rating and set a $340.00 price objective on shares of Burlington Stores in a research note on Thursday, March 6th. Finally, Evercore ISI upped their target price on shares of Burlington Stores from $315.00 to $340.00 and gave the stock an "outperform" rating in a research note on Wednesday, November 27th. One research analyst has rated the stock with a hold rating and fifteen have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $323.20.

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.