Asset Management One Co. Ltd. lifted its position in Burlington Stores, Inc. (NYSE:BURL – Free Report) by 3.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 25,609 shares of the company’s stock after purchasing an additional 818 shares during the quarter. Asset Management One Co. Ltd.’s holdings in Burlington Stores were worth $5,046,000 as of its most recent SEC filing.
Other institutional investors have also recently modified their holdings of the company. Salem Investment Counselors Inc. grew its holdings in Burlington Stores by 58.2% in the second quarter. Salem Investment Counselors Inc. now owns 193 shares of the company’s stock valued at $26,000 after purchasing an additional 71 shares during the period. Quarry LP acquired a new stake in Burlington Stores in the first quarter valued at approximately $39,000. KB Financial Partners LLC grew its holdings in Burlington Stores by 68.8% in the first quarter. KB Financial Partners LLC now owns 238 shares of the company’s stock valued at $43,000 after purchasing an additional 97 shares during the period. Fifth Third Bancorp acquired a new stake in Burlington Stores in the fourth quarter valued at approximately $50,000. Finally, Homestead Advisers Corp acquired a new stake in Burlington Stores in the third quarter valued at approximately $53,000.
Burlington Stores Stock Performance
Shares of Burlington Stores stock opened at $194.70 on Thursday. Burlington Stores, Inc. has a one year low of $115.66 and a one year high of $232.69. The company has a market cap of $12.44 billion, a price-to-earnings ratio of 37.09, a PEG ratio of 1.16 and a beta of 1.49. The company has a debt-to-equity ratio of 1.40, a quick ratio of 0.61 and a current ratio of 1.15. The business’s 50 day moving average price is $209.10 and its 200 day moving average price is $177.29.
Burlington Stores (NYSE:BURL – Get Free Report) last released its quarterly earnings results on Thursday, March 7th. The company reported $3.30 earnings per share for the quarter, topping analysts’ consensus estimates of $3.28 by $0.02. Burlington Stores had a return on equity of 45.28% and a net margin of 3.49%. The business had revenue of $3.13 billion during the quarter, compared to analysts’ expectations of $3.07 billion. During the same period in the prior year, the business posted $2.96 EPS. The company’s revenue was up 13.9% compared to the same quarter last year. On average, research analysts predict that Burlington Stores, Inc. will post 7.41 EPS for the current year.
Wall Street Analyst Weigh In
Several analysts have commented on the company. Evercore ISI raised their price objective on Burlington Stores from $220.00 to $235.00 and gave the company an “outperform” rating in a report on Friday, February 23rd. Piper Sandler raised Burlington Stores from a “neutral” rating to an “overweight” rating and lifted their price target for the stock from $155.00 to $240.00 in a research note on Wednesday, January 17th. StockNews.com raised Burlington Stores from a “hold” rating to a “buy” rating in a research note on Saturday, March 9th. Finally, Telsey Advisory Group reaffirmed an “outperform” rating and issued a $250.00 price target (up from $225.00) on shares of Burlington Stores in a research note on Monday, March 4th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $210.69.
Check Out Our Latest Stock Report on Burlington Stores
Insider Transactions at Burlington Stores
In other Burlington Stores news, CMO Jennifer Vecchio sold 5,025 shares of the company’s stock in a transaction on Wednesday, March 20th. The stock was sold at an average price of $225.24, for a total transaction of $1,131,831.00. Following the transaction, the chief marketing officer now directly owns 61,115 shares in the company, valued at $13,765,542.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.71% of the company’s stock.
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.
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