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

Harvest Fund Management Co. Ltd raised its holdings in shares of Burlington Stores, Inc. (NYSE:BURL) by 166.6% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,053 shares of the company’s stock after acquiring an additional 658 shares during the quarter. Harvest Fund Management Co. Ltd’s holdings in Burlington Stores were worth $277,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Crewe Advisors LLC purchased a new stake in Burlington Stores during the 2nd quarter valued at approximately $25,000. ORG Partners LLC bought a new position in shares of Burlington Stores during the second quarter worth $38,000. Blue Trust Inc. grew its stake in Burlington Stores by 619.2% during the second quarter. Blue Trust Inc. now owns 187 shares of the company’s stock valued at $43,000 after acquiring an additional 161 shares in the last quarter. American National Bank bought a new stake in Burlington Stores in the 2nd quarter valued at $47,000. Finally, UMB Bank n.a. lifted its stake in Burlington Stores by 391.7% in the 3rd quarter. UMB Bank n.a. now owns 177 shares of the company’s stock worth $47,000 after purchasing an additional 141 shares in the last quarter.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on BURL shares. Evercore ISI lifted their target price on Burlington Stores from $300.00 to $315.00 and gave the stock an “outperform” rating in a report on Friday, August 30th. Citigroup upped their price objective on Burlington Stores from $276.00 to $313.00 and gave the stock a “buy” rating in a report on Friday, August 30th. UBS Group upped their price target on shares of Burlington Stores from $270.00 to $280.00 and gave the company a “neutral” rating in a research note on Thursday, November 14th. Gordon Haskett raised shares of Burlington Stores from a “hold” rating to a “buy” rating and set a $300.00 price objective for the company in a research note on Monday, August 19th. Finally, The Goldman Sachs Group upped their target price on shares of Burlington Stores from $278.00 to $310.00 and gave the company a “buy” rating in a research report on Friday, August 30th. Two analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, Burlington Stores currently has an average rating of “Moderate Buy” and a consensus price target of $301.06.

Insiders Place Their Bets

In other news, Director Paul Sullivan sold 1,705 shares of the business’s stock in a transaction dated Thursday, September 19th. The shares were sold at an average price of $277.05, for a total value of $472,370.25. Following the completion of the sale, the director now 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 document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 0.91% of the company’s stock.

Burlington Stores Trading Down 1.6 %

BURL stock opened at $286.94 on Wednesday. The company has a market capitalization of $18.27 billion, a PE ratio of 43.15, a P/E/G ratio of 1.46 and a beta of 1.64. The company has a debt-to-equity ratio of 1.15, a current ratio of 1.04 and a quick ratio of 0.48. Burlington Stores, Inc. has a 12 month low of $168.49 and a 12 month high of $298.89. The firm’s 50-day moving average is $261.73 and its 200 day moving average is $248.76.

Burlington Stores (NYSE:BURL) last posted its quarterly earnings results on Tuesday, November 26th. The company reported $1.55 earnings per share for the quarter, beating the consensus estimate of $1.53 by $0.02. Burlington Stores had a net margin of 4.18% and a return on equity of 47.43%. The firm had revenue of $2.53 billion during the quarter, compared to the consensus estimate of $2.55 billion. During the same quarter in the previous year, the firm posted $0.98 earnings per share. The company’s revenue was up 10.5% on a year-over-year basis. On average, research analysts anticipate that Burlington Stores, Inc. will post 7.94 EPS for the current year.

Burlington Stores 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.