Swiss National Bank lifted its stake in shares of Burlington Stores Inc (NYSE:BURL) by 21.6% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 295,252 shares of the company’s stock after acquiring an additional 52,500 shares during the period. Swiss National Bank’s holdings in Burlington Stores were worth $46,786,000 at the end of the most recent quarter.
Several other hedge funds also recently modified their holdings of BURL. Citizens Financial Group Inc RI bought a new stake in shares of Burlington Stores during the fourth quarter worth $34,000. Advisors Asset Management Inc. bought a new stake in shares of Burlington Stores during the fourth quarter worth $35,000. Signaturefd LLC increased its position in shares of Burlington Stores by 113.2% during the first quarter. Signaturefd LLC now owns 226 shares of the company’s stock worth $36,000 after acquiring an additional 120 shares in the last quarter. Allred Capital Management LLC increased its position in shares of Burlington Stores by 225.0% during the first quarter. Allred Capital Management LLC now owns 260 shares of the company’s stock worth $41,000 after acquiring an additional 180 shares in the last quarter. Finally, Advisory Services Network LLC increased its position in shares of Burlington Stores by 129.8% during the fourth quarter. Advisory Services Network LLC now owns 278 shares of the company’s stock worth $63,000 after acquiring an additional 157 shares in the last quarter. 98.83% of the stock is owned by institutional investors.
Shares of BURL stock opened at $202.35 on Friday. The stock has a market cap of $13.41 billion, a P/E ratio of 27.27, a P/E/G ratio of 40.22 and a beta of 0.70. The company has a debt-to-equity ratio of 6.29, a current ratio of 0.97 and a quick ratio of 0.44. The company has a fifty day moving average price of $173.06 and a two-hundred day moving average price of $203.67. Burlington Stores Inc has a one year low of $105.67 and a one year high of $250.89.
Burlington Stores (NYSE:BURL) last posted its earnings results on Thursday, March 5th. The company reported $3.25 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.23 by $0.02. The company had revenue of $2.20 billion during the quarter, compared to analysts’ expectations of $2.21 billion. Burlington Stores had a net margin of 6.38% and a return on equity of 131.83%. Burlington Stores’s quarterly revenue was up 10.5% compared to the same quarter last year. During the same quarter last year, the company posted $2.83 EPS. As a group, equities research analysts anticipate that Burlington Stores Inc will post 3 EPS for the current fiscal year.
Several equities research analysts have recently issued reports on the stock. Guggenheim reissued a “hold” rating on shares of Burlington Stores in a research report on Thursday, March 5th. Gordon Haskett started coverage on shares of Burlington Stores in a research report on Wednesday, January 29th. They set an “accumulate” rating and a $250.00 price objective for the company. Cowen decreased their target price on shares of Burlington Stores from $196.00 to $190.00 and set an “outperform” rating for the company in a research report on Wednesday, April 15th. Nomura Securities reaffirmed a “buy” rating on shares of Burlington Stores in a research report on Wednesday, April 1st. Finally, UBS Group decreased their target price on shares of Burlington Stores from $240.00 to $180.00 and set a “neutral” rating for the company in a research report on Thursday, April 30th. Seven investment analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the stock. The company has an average rating of “Buy” and an average target price of $220.96.
In other news, CMO Jennifer Vecchio sold 2,000 shares of the firm’s stock in a transaction dated Wednesday, April 1st. The shares were sold at an average price of $150.01, for a total transaction of $300,020.00. Following the completion of the sale, the chief marketing officer now owns 39,353 shares in the company, valued at approximately $5,903,343.53. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 1.48% of the company’s stock.
About Burlington Stores
Burlington Stores, Inc operates as a retailer of branded apparel products in the United States. The company offers fashion-focused merchandise, including women's ready-to-wear apparel, accessories, footwear, menswear, youth apparel, coats, toys, and gifts, as well as baby, home, and beauty products.
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