Harvest Fund Management Co. Ltd Has $981,000 Holdings in Burlington Stores, Inc. (NYSE:BURL)

Harvest Fund Management Co. Ltd grew its stake in shares of Burlington Stores, Inc. (NYSE:BURL) by 227.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,443 shares of the company’s stock after acquiring an additional 2,390 shares during the period. Harvest Fund Management Co. Ltd’s holdings in Burlington Stores were worth $981,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the stock. Alpha DNA Investment Management LLC acquired a new stake in shares of Burlington Stores in the third quarter valued at approximately $764,000. Buckingham Capital Management Inc. raised its position in shares of Burlington Stores by 159.0% in the fourth quarter. Buckingham Capital Management Inc. now owns 17,419 shares of the company’s stock valued at $4,965,000 after buying an additional 10,693 shares in the last quarter. Logan Capital Management Inc. raised its position in shares of Burlington Stores by 9.1% in the third quarter. Logan Capital Management Inc. now owns 56,354 shares of the company’s stock valued at $14,848,000 after buying an additional 4,695 shares in the last quarter. Allspring Global Investments Holdings LLC raised its position in shares of Burlington Stores by 7.5% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 378,921 shares of the company’s stock valued at $108,292,000 after buying an additional 26,412 shares in the last quarter. Finally, HB Wealth Management LLC acquired a new position in Burlington Stores during the fourth quarter valued at approximately $265,000.

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 transaction of $135,944.75. Following the completion of the sale, the chief marketing officer now directly owns 58,944 shares of the company’s stock, valued at approximately $16,253,808. This represents a 0.83 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.91% of the company’s stock.

Analyst Ratings Changes

Several research analysts have commented on the stock. Morgan Stanley boosted their price objective on shares of Burlington Stores from $296.00 to $297.00 and gave the company an “overweight” rating in a research report on Friday, March 7th. Evercore ISI boosted their price objective on shares of Burlington Stores from $315.00 to $340.00 and gave the company an “outperform” rating in a research report on Wednesday, November 27th. Citigroup lowered their price objective on shares of Burlington Stores from $344.00 to $340.00 and set a “buy” rating for the company in a research report on Friday, March 7th. UBS Group boosted their price objective on shares of Burlington Stores from $360.00 to $405.00 and gave the company a “buy” rating in a research report on Friday, March 7th. Finally, Telsey Advisory Group restated an “outperform” rating and set a $340.00 price objective on shares of Burlington Stores in a research report on Thursday, March 6th. One investment analyst has rated the stock with a hold rating and fifteen have issued a buy rating to the company. According to data from MarketBeat, Burlington Stores has an average rating of “Moderate Buy” and an average price target of $323.20.

Burlington Stores Stock Performance

Burlington Stores stock opened at $236.49 on Friday. The company has a quick ratio of 0.54, a current ratio of 1.17 and a debt-to-equity ratio of 1.35. The company has a market capitalization of $15.01 billion, a PE ratio of 32.40, a P/E/G ratio of 1.11 and a beta of 1.73. The firm has a fifty day simple moving average of $259.14 and a two-hundred day simple moving average of $267.29. Burlington Stores, Inc. has a twelve month low of $174.64 and a twelve month high of $298.89.

Burlington Stores (NYSE:BURL) last announced its quarterly 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 analysts’ expectations of $3.25 billion. Research analysts expect that Burlington Stores, Inc. will post 7.93 EPS 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.