abrdn plc cut its position in Burlington Stores, Inc. (NYSE:BURL - Free Report) by 6.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 17,492 shares of the company's stock after selling 1,237 shares during the period. abrdn plc's holdings in Burlington Stores were worth $4,982,000 at the end of the most recent reporting period.
Several other large investors also recently made changes to their positions in the company. Trust Point Inc. acquired a new stake in shares of Burlington Stores in the 4th quarter valued at about $987,000. Tokio Marine Asset Management Co. Ltd. grew its stake in shares of Burlington Stores by 4.4% in the 4th quarter. Tokio Marine Asset Management Co. Ltd. now owns 2,333 shares of the company's stock valued at $665,000 after buying an additional 98 shares during the period. BDF Gestion acquired a new position in Burlington Stores during the 4th quarter valued at about $3,064,000. R Squared Ltd acquired a new position in Burlington Stores during the 4th quarter valued at about $102,000. Finally, KBC Group NV boosted its stake in Burlington Stores by 8.4% during the 4th quarter. KBC Group NV now owns 40,717 shares of the company's stock valued at $11,607,000 after purchasing an additional 3,154 shares during the last quarter.
Insiders Place Their Bets
In other news, CMO Jennifer Vecchio sold 494 shares of the company's stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $284.95, for a total transaction of $140,765.30. Following the completion of the transaction, the chief marketing officer now directly owns 59,437 shares of the company's stock, valued at approximately $16,936,573.15. This represents a 0.82 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders sold 1,481 shares of company stock valued at $421,892 over the last three months. Insiders own 0.91% of the company's stock.
Analyst Upgrades and Downgrades
A number of equities analysts have issued reports on the company. UBS Group upgraded Burlington Stores from a "neutral" rating to a "buy" rating and lifted their price target for the company from $280.00 to $360.00 in a research note on Friday, January 10th. TD Cowen lifted their target price on shares of Burlington Stores from $334.00 to $339.00 and gave the stock a "buy" rating in a research report on Thursday, December 12th. Robert W. Baird lifted their target price on shares of Burlington Stores from $315.00 to $330.00 and gave the stock an "outperform" rating in a research report on Wednesday, November 27th. Telsey Advisory Group reissued an "outperform" rating and set a $310.00 target price on shares of Burlington Stores in a research report on Tuesday, November 26th. Finally, StockNews.com cut shares of Burlington Stores from a "buy" rating to a "hold" rating in a research report 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. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $317.87.
Get Our Latest Research Report on Burlington Stores
Burlington Stores Price Performance
NYSE:BURL traded down $1.82 during midday trading on Thursday, hitting $248.35. The company had a trading volume of 594,055 shares, compared to its average volume of 797,316. Burlington Stores, Inc. has a 52-week low of $174.64 and a 52-week high of $298.89. The stock's fifty day moving average price is $283.28 and its 200-day moving average price is $271.02. The company has a market capitalization of $15.77 billion, a PE ratio of 34.02, a P/E/G ratio of 1.24 and a beta of 1.62. The company has a quick ratio of 0.54, a current ratio of 1.17 and a debt-to-equity ratio of 1.35.
Burlington Stores (NYSE:BURL - Get Free Report) last announced its earnings results on Tuesday, November 26th. The company reported $1.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.54 by $0.01. Burlington Stores had a net margin of 4.49% and a return on equity of 47.52%. The company had revenue of $2.53 billion during the quarter, compared to analyst estimates of $2.55 billion. During the same period in the previous year, the business earned $0.98 earnings per share. The firm's quarterly revenue was up 10.5% compared to the same quarter last year. As a group, research analysts expect that Burlington Stores, Inc. will post 7.93 earnings per share for the current year.
About Burlington Stores
(
Free Report)
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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