Skandinaviska Enskilda Banken AB publ trimmed its position in shares of Burlington Stores Inc (NYSE:BURL) by 11.8% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 13,881 shares of the company’s stock after selling 1,860 shares during the period. Skandinaviska Enskilda Banken AB publ’s holdings in Burlington Stores were worth $2,200,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in BURL. Driehaus Capital Management LLC increased its stake in shares of Burlington Stores by 62.1% in the 4th quarter. Driehaus Capital Management LLC now owns 2,319 shares of the company’s stock valued at $529,000 after purchasing an additional 888 shares during the last quarter. AQR Capital Management LLC grew its position in Burlington Stores by 197.5% in the fourth quarter. AQR Capital Management LLC now owns 124,073 shares of the company’s stock valued at $28,292,000 after acquiring an additional 82,364 shares during the last quarter. APG Asset Management N.V. raised its stake in Burlington Stores by 118.7% during the first quarter. APG Asset Management N.V. now owns 111,284 shares of the company’s stock worth $17,634,000 after acquiring an additional 60,408 shares in the last quarter. Principal Financial Group Inc. raised its stake in Burlington Stores by 6.1% during the first quarter. Principal Financial Group Inc. now owns 10,080 shares of the company’s stock worth $1,597,000 after acquiring an additional 584 shares in the last quarter. Finally, Nuveen Asset Management LLC lifted its holdings in shares of Burlington Stores by 17.1% in the first quarter. Nuveen Asset Management LLC now owns 391,385 shares of the company’s stock worth $62,019,000 after acquiring an additional 57,179 shares during the last quarter. 99.71% of the stock is currently owned by hedge funds and other institutional investors.

In related news, insider Fred Hand sold 14,372 shares of the business’s stock in a transaction dated Wednesday, June 17th. The shares were sold at an average price of $214.10, for a total transaction of $3,077,045.20. Following the transaction, the insider now directly owns 47,735 shares in the company, valued at $10,220,063.50. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director William P. Mcnamara sold 374 shares of the stock in a transaction dated Monday, June 15th. The shares were sold at an average price of $201.71, for a total transaction of $75,439.54. Following the completion of the sale, the director now owns 8,188 shares of the company’s stock, valued at approximately $1,651,601.48. The disclosure for this sale can be found here. Insiders have sold a total of 31,776 shares of company stock valued at $6,493,017 over the last three months. Corporate insiders own 1.48% of the company’s stock.

Several equities analysts recently commented on BURL shares. Loop Capital dropped their price objective on shares of Burlington Stores from $265.00 to $250.00 in a research note on Friday, May 29th. Cowen reduced their target price on shares of Burlington Stores from $196.00 to $190.00 and set an “outperform” rating on the stock in a report on Wednesday, April 15th. UBS Group lifted their price objective on Burlington Stores from $180.00 to $195.00 and gave the stock a “neutral” rating in a research note on Tuesday, May 26th. DA Davidson increased their target price on shares of Burlington Stores from $215.00 to $250.00 and gave the company a “buy” rating in a research report on Friday, May 29th. Finally, Guggenheim restated a “hold” rating on shares of Burlington Stores in a research report on Thursday, March 5th. Seven research analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $232.78.

NYSE BURL opened at $198.03 on Tuesday. The company has a market cap of $12.80 billion, a P/E ratio of 287.00 and a beta of 0.73. The company has a fifty day simple moving average of $199.53 and a 200 day simple moving average of $203.13. The company has a current ratio of 1.65, a quick ratio of 1.18 and a debt-to-equity ratio of 16.75. Burlington Stores Inc has a 12-month low of $105.67 and a 12-month high of $250.89.

Burlington Stores (NYSE:BURL) last issued its quarterly earnings data on Thursday, May 28th. The company reported ($4.76) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($1.23) by ($3.53). Burlington Stores had a net margin of 0.83% and a return on equity of 26.65%. The business had revenue of $801.50 million for the quarter, compared to analyst estimates of $883.81 million. During the same quarter in the prior year, the business earned $1.26 earnings per share. The firm’s quarterly revenue was down 51.0% compared to the same quarter last year. Sell-side analysts predict that Burlington Stores Inc will post -1.1 EPS for the current year.

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.

Further Reading: Net Income

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

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