Harvest Fund Management Co. Ltd Boosts Stock Position in Burlington Stores, Inc. (NYSE:BURL)

Harvest Fund Management Co. Ltd raised its position in shares of Burlington Stores, Inc. (NYSE:BURL) by 166.6% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 1,053 shares of the company’s stock after buying an additional 658 shares during the quarter. Harvest Fund Management Co. Ltd’s holdings in Burlington Stores were worth $277,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of BURL. Tidal Investments LLC grew its holdings in Burlington Stores by 178.4% in the first quarter. Tidal Investments LLC now owns 6,163 shares of the company’s stock worth $1,431,000 after purchasing an additional 3,949 shares during the last quarter. Plato Investment Management Ltd grew its stake in Burlington Stores by 928.6% during the 1st quarter. Plato Investment Management Ltd now owns 1,440 shares of the company’s stock worth $334,000 after buying an additional 1,300 shares during the last quarter. Wahed Invest LLC increased its position in Burlington Stores by 13.1% during the 1st quarter. Wahed Invest LLC now owns 1,243 shares of the company’s stock valued at $289,000 after buying an additional 144 shares in the last quarter. Swedbank AB purchased a new stake in Burlington Stores in the first quarter valued at about $1,101,000. Finally, Cetera Investment Advisers acquired a new stake in Burlington Stores in the first quarter worth about $2,851,000.

Burlington Stores Stock Performance

Shares of BURL stock opened at $286.94 on Wednesday. The company has a market capitalization of $18.27 billion, a P/E ratio of 43.15, a P/E/G ratio of 1.46 and a beta of 1.64. Burlington Stores, Inc. has a 12-month low of $168.49 and a 12-month high of $298.89. The business’s 50 day moving average is $261.73 and its two-hundred day moving average is $248.76. The company has a current ratio of 1.04, a quick ratio of 0.48 and a debt-to-equity ratio of 1.15.

Burlington Stores (NYSE:BURL) last issued its quarterly earnings results on Tuesday, November 26th. The company reported $1.55 EPS for the quarter, topping the consensus estimate of $1.53 by $0.02. The company had revenue of $2.53 billion during the quarter, compared to analyst estimates of $2.55 billion. Burlington Stores had a net margin of 4.18% and a return on equity of 47.43%. The firm’s revenue was up 10.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.98 EPS. Analysts expect that Burlington Stores, Inc. will post 7.94 EPS for the current fiscal year.

Insider Buying and Selling

In other Burlington Stores news, Director Paul Sullivan sold 1,705 shares of the business’s stock in a transaction that occurred on Thursday, September 19th. The stock was sold at an average price of $277.05, for a total transaction of $472,370.25. Following the completion of the sale, the director now directly owns 7,393 shares in the company, valued at approximately $2,048,230.65. The trade was a 18.74 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.91% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently commented on BURL. Citigroup increased their price objective on shares of Burlington Stores from $276.00 to $313.00 and gave the company a “buy” rating in a research report on Friday, August 30th. The Goldman Sachs Group upped their target price on Burlington Stores from $278.00 to $310.00 and gave the company a “buy” rating in a research report on Friday, August 30th. Bank of America lifted their price target on Burlington Stores from $275.00 to $315.00 and gave the stock a “buy” rating in a research report on Friday, August 30th. Telsey Advisory Group reiterated an “outperform” rating and issued a $310.00 price target on shares of Burlington Stores in a report on Tuesday. Finally, Morgan Stanley lifted their price objective on shares of Burlington Stores from $284.00 to $300.00 and gave the company an “overweight” rating in a research note on Friday, August 30th. Two equities research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company’s stock. Based on data from MarketBeat, Burlington Stores currently has an average rating of “Moderate Buy” and an average target price of $301.06.

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.