Burlington (BURL) Shares Bought by Swiss National Bank

Swiss National Bank boosted its holdings in shares of Burlington (NYSE:BURL) by 1.0% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 118,700 shares of the company’s stock after purchasing an additional 1,200 shares during the period. Swiss National Bank owned about 0.17% of Burlington worth $15,805,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Focused Wealth Management Inc purchased a new position in Burlington during the 4th quarter valued at about $101,000. YorkBridge Wealth Partners LLC purchased a new position in Burlington during the 4th quarter valued at about $106,000. Captrust Financial Advisors purchased a new position in Burlington during the 4th quarter valued at about $110,000. American International Group Inc. purchased a new position in Burlington during the 4th quarter valued at about $191,000. Finally, OLD National Bancorp IN purchased a new position in shares of Burlington during the 4th quarter worth approximately $225,000.

BURL has been the topic of a number of research analyst reports. Zacks Investment Research upgraded Burlington from a “hold” rating to a “buy” rating and set a $142.00 target price on the stock in a report on Wednesday, January 24th. Loop Capital initiated coverage on Burlington in a report on Thursday, March 8th. They set a “buy” rating and a $150.00 target price on the stock. Cowen set a $136.00 target price on Burlington and gave the stock a “buy” rating in a report on Thursday, March 8th. SunTrust Banks set a $145.00 target price on Burlington and gave the stock a “buy” rating in a report on Thursday, March 8th. Finally, BMO Capital Markets set a $145.00 target price on Burlington and gave the stock a “buy” rating in a report on Thursday, March 8th. Two investment analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $137.06.



In related news, CEO Thomas Kingsbury sold 20,000 shares of the company’s stock in a transaction that occurred on Monday, March 12th. The stock was sold at an average price of $125.84, for a total value of $2,516,800.00. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Joyce Manning Magrini sold 2,500 shares of the company’s stock in a transaction that occurred on Monday, April 2nd. The shares were sold at an average price of $133.45, for a total value of $333,625.00. The disclosure for this sale can be found here. Insiders sold a total of 47,500 shares of company stock worth $6,243,575 in the last 90 days. 1.91% of the stock is currently owned by company insiders.

Burlington opened at $138.60 on Monday, Marketbeat reports. The company has a current ratio of 0.98, a quick ratio of 0.31 and a debt-to-equity ratio of 12.84. The company has a market capitalization of $9.46 billion, a P/E ratio of 32.08, a P/E/G ratio of 1.29 and a beta of 0.42. Burlington has a twelve month low of $79.07 and a twelve month high of $142.23.

Burlington (NYSE:BURL) last posted its quarterly earnings results on Thursday, March 8th. The company reported $2.17 earnings per share for the quarter, topping the consensus estimate of $2.09 by $0.08. The company had revenue of $1.94 billion for the quarter, compared to the consensus estimate of $1.89 billion. Burlington had a negative return on equity of 754.89% and a net margin of 6.31%. The firm’s quarterly revenue was up 14.9% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.78 EPS. analysts expect that Burlington will post 5.78 EPS for the current fiscal year.

Burlington Profile

Burlington Stores, Inc is an apparel and home product retailer. Its products include ladies sportswear, menswear, coats, family footwear and youth apparel, as well as baby furniture, accessories, home decor and gifts. The company was founded in 1972 and is headquartered in Burlington, NJ.

Institutional Ownership by Quarter for Burlington (NYSE:BURL)

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