Zurcher Kantonalbank Zurich Cantonalbank Boosts Holdings in Burlington Stores, Inc. (NYSE:BURL)

Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in Burlington Stores, Inc. (NYSE:BURL - Free Report) by 48.5% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 21,087 shares of the company's stock after buying an additional 6,887 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank's holdings in Burlington Stores were worth $5,556,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the business. Crewe Advisors LLC bought a new stake in Burlington Stores during the 2nd quarter valued at $25,000. RPg Family Wealth Advisory LLC bought a new stake in Burlington Stores during the third quarter valued at about $26,000. Brooklyn Investment Group purchased a new position in Burlington Stores in the third quarter valued at about $33,000. ORG Partners LLC bought a new position in Burlington Stores in the second quarter worth about $38,000. Finally, Blue Trust Inc. boosted its stake in Burlington Stores by 619.2% in the second quarter. Blue Trust Inc. now owns 187 shares of the company's stock valued at $43,000 after acquiring an additional 161 shares in the last quarter.

Burlington Stores Trading Down 1.5 %

Shares of NYSE BURL traded down $4.50 during midday trading on Tuesday, reaching $285.84. 928,062 shares of the stock were exchanged, compared to its average volume of 903,161. Burlington Stores, Inc. has a twelve month low of $172.80 and a twelve month high of $298.89. The stock has a market capitalization of $18.15 billion, a P/E ratio of 39.79, a PEG ratio of 1.50 and a beta of 1.64. The company has a 50 day simple moving average of $263.27 and a 200 day simple moving average of $252.04. The company has a debt-to-equity ratio of 1.35, a quick ratio of 0.54 and a current ratio of 1.17.

Burlington Stores (NYSE:BURL - Get Free Report) last posted its earnings results on Tuesday, November 26th. The company reported $1.55 EPS for the quarter, beating analysts' consensus estimates of $1.53 by $0.02. The company had revenue of $2.53 billion for the quarter, compared to the consensus estimate of $2.55 billion. Burlington Stores had a return on equity of 47.52% and a net margin of 4.49%. The company's revenue for the quarter was up 10.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.98 earnings per share. As a group, equities analysts expect that Burlington Stores, Inc. will post 7.92 earnings per share for the current year.

Analysts Set New Price Targets

A number of brokerages have recently commented on BURL. Telsey Advisory Group restated an "outperform" rating and issued a $310.00 target price on shares of Burlington Stores in a research note on Tuesday, November 26th. StockNews.com downgraded shares of Burlington Stores from a "buy" rating to a "hold" rating in a report on Wednesday, October 23rd. Bank of America upped their price objective on shares of Burlington Stores from $275.00 to $315.00 and gave the stock a "buy" rating in a research report on Friday, August 30th. Evercore ISI lifted their price target on Burlington Stores from $315.00 to $340.00 and gave the company an "outperform" rating in a research note on Wednesday, November 27th. Finally, Barclays lowered their price target on Burlington Stores from $327.00 to $317.00 and set an "overweight" rating on the stock in a research report on Wednesday, November 27th. Two investment analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $307.69.

Insider Buying and Selling at Burlington Stores

In other Burlington Stores news, Director Paul Sullivan sold 1,705 shares of the business's stock in a transaction that occurred on Thursday, September 19th. The stock was sold at an average price of $277.05, for a total value of $472,370.25. Following the sale, the director now owns 7,393 shares of the company's stock, valued at $2,048,230.65. The trade was a 18.74 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.91% of the stock is currently owned by corporate 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.