797,265 Shares in Burlington Stores, Inc. (NYSE:BURL) Acquired by Norges Bank

Norges Bank bought a new stake in shares of Burlington Stores, Inc. (NYSE:BURL) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund bought 797,265 shares of the company’s stock, valued at approximately $227,268,000. Norges Bank owned approximately 1.26% of Burlington Stores at the end of the most recent reporting period.

A number of other institutional investors also recently added to or reduced their stakes in BURL. Quantbot Technologies LP bought a new stake in shares of Burlington Stores during the third quarter valued at about $638,000. Townsquare Capital LLC raised its position in shares of Burlington Stores by 17.5% during the 3rd quarter. Townsquare Capital LLC now owns 1,655 shares of the company’s stock worth $436,000 after buying an additional 246 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in shares of Burlington Stores in the 3rd quarter worth approximately $2,055,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of Burlington Stores by 48.5% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 21,087 shares of the company’s stock valued at $5,556,000 after acquiring an additional 6,887 shares in the last quarter. Finally, Captrust Financial Advisors boosted its holdings in shares of Burlington Stores by 1.7% in the third quarter. Captrust Financial Advisors now owns 4,413 shares of the company’s stock valued at $1,163,000 after acquiring an additional 75 shares in the last quarter.

Burlington Stores Stock Down 3.1 %

Shares of NYSE:BURL opened at $238.00 on Monday. The firm has a 50 day simple moving average of $253.86 and a 200 day simple moving average of $266.38. Burlington Stores, Inc. has a 52 week low of $174.64 and a 52 week high of $298.89. The company has a debt-to-equity ratio of 1.35, a quick ratio of 0.54 and a current ratio of 1.17. The company has a market cap of $15.04 billion, a PE ratio of 32.60, a price-to-earnings-growth ratio of 1.11 and a beta of 1.73.

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

Insiders Place Their Bets

In other Burlington Stores news, CMO Jennifer Vecchio sold 493 shares of the company’s stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $275.75, for a total value of $135,944.75. Following the transaction, the chief marketing officer now owns 58,944 shares in the company, valued at approximately $16,253,808. This represents a 0.83 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In the last ninety days, insiders sold 5,926 shares of company stock worth $1,461,774. 0.91% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on BURL shares. Robert W. Baird upped their target price on Burlington Stores from $330.00 to $335.00 and gave the stock an “outperform” rating in a research report on Friday, March 7th. Barclays upped their price objective on Burlington Stores from $317.00 to $329.00 and gave the company an “overweight” rating in a report on Friday, March 7th. UBS Group lifted their target price on Burlington Stores from $360.00 to $405.00 and gave the stock a “buy” rating in a report on Friday, March 7th. Telsey Advisory Group reissued an “outperform” rating and issued a $340.00 price target on shares of Burlington Stores in a report on Thursday, March 6th. Finally, Citigroup lowered their price objective on shares of Burlington Stores from $344.00 to $340.00 and set a “buy” rating on the stock in a research note on Friday, March 7th. One equities research analyst has rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $323.20.

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.