Burlington Stores, Inc. (NYSE:BURL) Shares Bought by Handelsbanken Fonder AB

Handelsbanken Fonder AB grew its stake in Burlington Stores, Inc. (NYSE:BURL) by 9.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 14,000 shares of the company’s stock after purchasing an additional 1,174 shares during the quarter. Handelsbanken Fonder AB’s holdings in Burlington Stores were worth $2,723,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the stock. Wellington Management Group LLP grew its position in shares of Burlington Stores by 44.0% in the third quarter. Wellington Management Group LLP now owns 785,780 shares of the company’s stock valued at $106,316,000 after purchasing an additional 239,955 shares during the period. Cooper Creek Partners Management LLC grew its position in shares of Burlington Stores by 716.8% in the third quarter. Cooper Creek Partners Management LLC now owns 610,821 shares of the company’s stock valued at $82,644,000 after purchasing an additional 536,038 shares during the period. Clearbridge Investments LLC grew its position in shares of Burlington Stores by 1.0% in the third quarter. Clearbridge Investments LLC now owns 529,198 shares of the company’s stock valued at $71,600,000 after purchasing an additional 5,302 shares during the period. Artemis Investment Management LLP grew its position in shares of Burlington Stores by 96.7% in the fourth quarter. Artemis Investment Management LLP now owns 478,838 shares of the company’s stock valued at $93,124,000 after purchasing an additional 235,343 shares during the period. Finally, Jennison Associates LLC grew its position in shares of Burlington Stores by 28.3% in the third quarter. Jennison Associates LLC now owns 477,952 shares of the company’s stock valued at $64,667,000 after purchasing an additional 105,464 shares during the period.

Burlington Stores Price Performance

Shares of BURL stock opened at $184.19 on Friday. The company has a debt-to-equity ratio of 1.40, a current ratio of 1.15 and a quick ratio of 0.61. The firm’s 50-day moving average is $206.08 and its two-hundred day moving average is $180.96. Burlington Stores, Inc. has a 12 month low of $115.66 and a 12 month high of $232.69. The company has a market capitalization of $11.76 billion, a PE ratio of 35.08, a price-to-earnings-growth ratio of 1.04 and a beta of 1.49.

Burlington Stores (NYSE:BURL) last released its quarterly earnings results on Thursday, March 7th. The company reported $3.30 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.28 by $0.02. The business had revenue of $3.13 billion for the quarter, compared to the consensus estimate of $3.07 billion. Burlington Stores had a net margin of 3.49% and a return on equity of 45.28%. The business’s revenue was up 13.9% on a year-over-year basis. During the same period in the previous year, the firm earned $2.96 EPS. Analysts predict that Burlington Stores, Inc. will post 7.41 earnings per share for the current year.

Analyst Ratings Changes

Several analysts have recently issued reports on the stock. StockNews.com upgraded shares of Burlington Stores from a “hold” rating to a “buy” rating in a research report on Saturday, March 9th. Telsey Advisory Group reissued an “outperform” rating and issued a $250.00 price target (up from $225.00) on shares of Burlington Stores in a research note on Monday, March 4th. Evercore ISI raised their price target on shares of Burlington Stores from $220.00 to $235.00 and gave the stock an “outperform” rating in a research note on Friday, February 23rd. Finally, Piper Sandler raised shares of Burlington Stores from a “neutral” rating to an “overweight” rating and raised their price target for the stock from $155.00 to $240.00 in a research note on Wednesday, January 17th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $210.69.

Insider Activity

In other news, CMO Jennifer Vecchio sold 5,025 shares of the business’s stock in a transaction that occurred on Wednesday, March 20th. The shares were sold at an average price of $225.24, for a total value of $1,131,831.00. Following the sale, the chief marketing officer now directly owns 61,115 shares of the company’s stock, valued at approximately $13,765,542.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.91% of the company’s stock.

About Burlington Stores

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.