Forsta AP Fonden Sells 13,000 Shares of Burlington Stores, Inc. (NYSE:BURL)

Forsta AP Fonden reduced its stake in shares of Burlington Stores, Inc. (NYSE:BURLGet Rating) by 89.0% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,600 shares of the company’s stock after selling 13,000 shares during the period. Forsta AP Fonden’s holdings in Burlington Stores were worth $218,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of BURL. Column Capital Advisors LLC boosted its stake in shares of Burlington Stores by 33.2% in the 2nd quarter. Column Capital Advisors LLC now owns 293 shares of the company’s stock valued at $40,000 after purchasing an additional 73 shares during the last quarter. Xponance Inc. boosted its position in Burlington Stores by 1.1% during the second quarter. Xponance Inc. now owns 7,305 shares of the company’s stock valued at $995,000 after acquiring an additional 82 shares during the last quarter. Ellevest Inc. grew its holdings in Burlington Stores by 25.5% during the 2nd quarter. Ellevest Inc. now owns 478 shares of the company’s stock worth $65,000 after acquiring an additional 97 shares during the period. KB Financial Partners LLC raised its position in shares of Burlington Stores by 68.8% in the 1st quarter. KB Financial Partners LLC now owns 238 shares of the company’s stock worth $43,000 after acquiring an additional 97 shares in the last quarter. Finally, OPSEU Pension Plan Trust Fund lifted its stake in shares of Burlington Stores by 4.1% in the 1st quarter. OPSEU Pension Plan Trust Fund now owns 2,824 shares of the company’s stock valued at $516,000 after purchasing an additional 110 shares during the period. 99.79% of the stock is owned by institutional investors and hedge funds.

Burlington Stores Trading Down 0.1 %

Shares of Burlington Stores stock opened at $157.64 on Tuesday. The stock has a fifty day moving average price of $130.65 and a 200-day moving average price of $147.61. The company has a debt-to-equity ratio of 2.32, a current ratio of 1.20 and a quick ratio of 0.42. The firm has a market cap of $10.33 billion, a PE ratio of 65.14 and a beta of 1.00. Burlington Stores, Inc. has a 1 year low of $106.47 and a 1 year high of $304.17.

Burlington Stores (NYSE:BURLGet Rating) last announced its quarterly earnings data on Thursday, August 25th. The company reported $0.35 EPS for the quarter, topping the consensus estimate of $0.23 by $0.12. Burlington Stores had a net margin of 1.85% and a return on equity of 45.72%. The business had revenue of $1.98 billion for the quarter, compared to analyst estimates of $2.03 billion. During the same quarter in the previous year, the firm posted $1.94 earnings per share. The company’s revenue for the quarter was down 10.3% on a year-over-year basis. Equities research analysts anticipate that Burlington Stores, Inc. will post 3.98 EPS for the current year.

Analysts Set New Price Targets

BURL has been the subject of a number of research analyst reports. Telsey Advisory Group lowered their target price on Burlington Stores from $250.00 to $218.00 and set an “outperform” rating for the company in a report on Monday, August 22nd. William Blair initiated coverage on shares of Burlington Stores in a research note on Friday, August 26th. They set an “outperform” rating on the stock. Cowen decreased their price target on shares of Burlington Stores from $175.00 to $160.00 and set a “market perform” rating for the company in a research note on Friday, August 26th. JPMorgan Chase & Co. increased their price objective on shares of Burlington Stores from $152.00 to $179.00 in a research report on Friday, September 16th. Finally, Barclays dropped their price target on Burlington Stores from $176.00 to $164.00 and set an “overweight” rating on the stock in a research note on Friday, August 26th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and sixteen have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $204.68.

Burlington Stores Profile

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Burlington Stores, Inc operates as a retailer of branded apparel products 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.

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Institutional Ownership by Quarter for Burlington Stores (NYSE:BURL)

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