Andra AP fonden Acquires 6,200 Shares of Burlington Stores, Inc. $BURL

Andra AP fonden increased its stake in shares of Burlington Stores, Inc. (NYSE:BURL) by 15.3% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 46,800 shares of the company’s stock after purchasing an additional 6,200 shares during the quarter. Andra AP fonden owned approximately 0.07% of Burlington Stores worth $11,911,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. First Horizon Corp acquired a new stake in Burlington Stores during the 3rd quarter worth approximately $25,000. Root Financial Partners LLC acquired a new position in Burlington Stores in the third quarter valued at approximately $30,000. Mather Group LLC. acquired a new stake in Burlington Stores in the third quarter worth $36,000. Geneos Wealth Management Inc. increased its position in Burlington Stores by 235.4% in the 2nd quarter. Geneos Wealth Management Inc. now owns 161 shares of the company’s stock valued at $37,000 after buying an additional 113 shares in the last quarter. Finally, Jones Financial Companies Lllp raised its position in shares of Burlington Stores by 38.2% during the third quarter. Jones Financial Companies Lllp now owns 170 shares of the company’s stock worth $45,000 after purchasing an additional 47 shares during the period.

Analyst Ratings Changes

BURL has been the subject of several analyst reports. Barclays lowered their price objective on Burlington Stores from $336.00 to $331.00 and set an “overweight” rating for the company in a research note on Wednesday, November 26th. JPMorgan Chase & Co. lifted their price objective on Burlington Stores from $316.00 to $356.00 and gave the stock an “overweight” rating in a report on Monday, February 23rd. The Goldman Sachs Group set a $331.00 target price on shares of Burlington Stores in a report on Wednesday, November 26th. Deutsche Bank Aktiengesellschaft started coverage on shares of Burlington Stores in a research report on Thursday, January 8th. They issued a “hold” rating and a $318.00 price objective for the company. Finally, Morgan Stanley decreased their target price on Burlington Stores from $330.00 to $310.00 and set an “overweight” rating on the stock in a research note on Wednesday, November 26th. Fifteen analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $338.44.

Burlington Stores Stock Down 0.7%

Shares of NYSE BURL opened at $306.40 on Friday. The firm has a fifty day simple moving average of $301.18 and a two-hundred day simple moving average of $282.15. The company has a current ratio of 1.21, a quick ratio of 0.46 and a debt-to-equity ratio of 1.32. The firm has a market capitalization of $19.28 billion, a PE ratio of 35.22, a price-to-earnings-growth ratio of 1.74 and a beta of 1.74. Burlington Stores, Inc. has a 12 month low of $212.92 and a 12 month high of $332.20.

Burlington Stores (NYSE:BURL) last announced its earnings results on Tuesday, November 25th. The company reported $1.68 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.59 by $0.09. The firm had revenue of $2.71 billion during the quarter, compared to analyst estimates of $2.74 billion. Burlington Stores had a return on equity of 41.02% and a net margin of 5.01%.The business’s revenue was up 7.1% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.55 EPS. Equities analysts expect that Burlington Stores, Inc. will post 7.93 earnings per share for the current year.

Burlington Stores Profile

Burlington Stores, Inc is an American off-price retailer that sells apparel and home goods at discounted prices. The company’s merchandise assortment includes clothing for women, men and children, plus baby products, footwear, accessories, beauty items, toys and home décor. Burlington’s merchandising strategy focuses on offering branded and private-label goods at lower prices than traditional department stores by sourcing excess inventory, closeouts and opportunistic buys from manufacturers and other retailers.

The business traces its roots to the Burlington Coat Factory name established in the early 1970s and has since evolved into a broader off-price retailer that carries a wide range of seasonal and everyday merchandise.