Zurcher Kantonalbank Zurich Cantonalbank Purchases 338 Shares of Burlington Stores, Inc. (NYSE:BURL)

Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of Burlington Stores, Inc. (NYSE:BURL) by 1.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 21,425 shares of the company’s stock after acquiring an additional 338 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Burlington Stores were worth $6,107,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also added to or reduced their stakes in the company. IFP Advisors Inc boosted its stake in shares of Burlington Stores by 81.6% during the fourth quarter. IFP Advisors Inc now owns 89 shares of the company’s stock valued at $25,000 after purchasing an additional 40 shares in the last quarter. RPg Family Wealth Advisory LLC bought a new position in Burlington Stores in the third quarter worth approximately $26,000. Fortitude Family Office LLC lifted its holdings in Burlington Stores by 148.6% during the fourth quarter. Fortitude Family Office LLC now owns 92 shares of the company’s stock worth $26,000 after buying an additional 55 shares during the period. Stonebridge Financial Group LLC bought a new stake in Burlington Stores during the 4th quarter valued at $31,000. Finally, Brooklyn Investment Group purchased a new position in shares of Burlington Stores in the 3rd quarter valued at $33,000.

Analysts Set New Price Targets

BURL has been the subject of a number of analyst reports. Citigroup decreased their price objective on Burlington Stores from $344.00 to $340.00 and set a “buy” rating for the company in a research note on Friday, March 7th. Telsey Advisory Group reissued an “outperform” rating and set a $340.00 price target on shares of Burlington Stores in a research report on Thursday, March 6th. Morgan Stanley boosted their price objective on shares of Burlington Stores from $296.00 to $297.00 and gave the stock an “overweight” rating in a research note on Friday, March 7th. Robert W. Baird raised their target price on shares of Burlington Stores from $330.00 to $335.00 and gave the company an “outperform” rating in a research note on Friday, March 7th. Finally, Barclays lifted their price target on shares of Burlington Stores from $317.00 to $329.00 and gave the stock an “overweight” rating in a report on Friday, March 7th. One investment analyst has rated the stock with a hold rating and fifteen have issued a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $323.20.

Insider Activity at Burlington Stores

In related news, CMO Jennifer Vecchio sold 494 shares of the firm’s stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $284.95, for a total transaction of $140,765.30. Following the sale, the chief marketing officer now directly owns 59,437 shares of the company’s stock, valued at $16,936,573.15. This trade represents a 0.82 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.91% of the stock is currently owned by insiders.

Burlington Stores Stock Up 0.0 %

Shares of BURL stock opened at $228.52 on Friday. The company has a debt-to-equity ratio of 1.35, a quick ratio of 0.54 and a current ratio of 1.17. Burlington Stores, Inc. has a fifty-two week low of $174.64 and a fifty-two week high of $298.89. The firm has a market capitalization of $14.51 billion, a PE ratio of 31.30, a P/E/G ratio of 1.11 and a beta of 1.73. The stock’s 50-day simple moving average is $264.21 and its 200-day simple moving average is $268.57.

Burlington Stores (NYSE:BURL) last posted its quarterly earnings results on Thursday, March 6th. The company reported $4.07 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.75 by $0.32. The company had revenue of $3.28 billion during the quarter, compared to analyst estimates of $3.25 billion. Burlington Stores had a net margin of 4.49% and a return on equity of 47.52%. Equities analysts expect that Burlington Stores, Inc. will post 7.93 earnings per share for the current year.

Burlington Stores Company Profile

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.