Allspring Global Investments Holdings LLC Increases Position in Burlington Stores, Inc. (NYSE:BURL)

Allspring Global Investments Holdings LLC lifted its stake in shares of Burlington Stores, Inc. (NYSE:BURL - Free Report) by 7.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 378,921 shares of the company's stock after acquiring an additional 26,412 shares during the quarter. Allspring Global Investments Holdings LLC owned approximately 0.60% of Burlington Stores worth $108,292,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the stock. Sanctuary Advisors LLC purchased a new position in Burlington Stores during the second quarter valued at approximately $488,000. CWM LLC increased its holdings in Burlington Stores by 95.0% during the third quarter. CWM LLC now owns 5,266 shares of the company's stock valued at $1,387,000 after buying an additional 2,566 shares during the period. Livforsakringsbolaget Skandia Omsesidigt increased its holdings in Burlington Stores by 400.0% during the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 500 shares of the company's stock valued at $132,000 after buying an additional 400 shares during the period. Creative Planning increased its holdings in Burlington Stores by 18.6% during the third quarter. Creative Planning now owns 4,973 shares of the company's stock valued at $1,310,000 after buying an additional 781 shares during the period. Finally, Swedbank AB increased its holdings in Burlington Stores by 26.6% during the third quarter. Swedbank AB now owns 6,002 shares of the company's stock valued at $1,581,000 after buying an additional 1,261 shares during the period.

Insider Buying and Selling at Burlington Stores

In other Burlington Stores news, CMO Jennifer Vecchio sold 494 shares of Burlington Stores stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $284.95, for a total value of $140,765.30. Following the completion of the transaction, the chief marketing officer now owns 59,437 shares of the company's stock, valued at approximately $16,936,573.15. The trade was a 0.82 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Over the last quarter, insiders sold 1,481 shares of company stock valued at $421,892. Corporate insiders own 0.91% of the company's stock.

Burlington Stores Stock Performance

NYSE BURL traded down $3.72 on Friday, reaching $244.64. 849,689 shares of the company's stock traded hands, compared to its average volume of 708,592. The firm has a market cap of $15.53 billion, a price-to-earnings ratio of 33.51, a P/E/G ratio of 1.24 and a beta of 1.62. The stock has a 50 day moving average price of $282.40 and a 200-day moving average price of $271.13. Burlington Stores, Inc. has a fifty-two week low of $174.64 and a fifty-two 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.

Burlington Stores (NYSE:BURL - Get Free Report) last posted its earnings results on Tuesday, November 26th. The company reported $1.55 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.54 by $0.01. The company had revenue of $2.53 billion during the quarter, compared to the consensus estimate of $2.55 billion. Burlington Stores had a net margin of 4.49% and a return on equity of 47.52%. The firm's quarterly revenue was up 10.5% on a year-over-year basis. During the same period in the previous year, the firm posted $0.98 earnings per share. Equities research analysts predict that Burlington Stores, Inc. will post 7.93 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts have weighed in on BURL shares. Barclays lowered their target price on shares of Burlington Stores from $327.00 to $317.00 and set an "overweight" rating for the company in a research note on Wednesday, November 27th. Evercore ISI raised their target price on shares of Burlington Stores from $315.00 to $340.00 and gave the company an "outperform" rating in a research note on Wednesday, November 27th. Telsey Advisory Group restated an "outperform" rating and issued a $310.00 target price on shares of Burlington Stores in a research note on Tuesday, November 26th. Citigroup raised their target price on shares of Burlington Stores from $313.00 to $344.00 and gave the company a "buy" rating in a research note on Wednesday, November 27th. Finally, StockNews.com downgraded shares of Burlington Stores from a "buy" rating to a "hold" rating in a research note on Wednesday, October 23rd. One equities research analyst has rated the stock with a hold rating and fifteen have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $317.87.

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.