FIL Ltd increased its position in Burlington Stores, Inc. (NYSE:BURL - Free Report) by 71.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 138,600 shares of the company's stock after buying an additional 57,837 shares during the period. FIL Ltd owned 0.22% of Burlington Stores worth $39,509,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in BURL. Federated Hermes Inc. lifted its position in shares of Burlington Stores by 108.4% during the fourth quarter. Federated Hermes Inc. now owns 88,783 shares of the company's stock valued at $25,308,000 after purchasing an additional 46,186 shares in the last quarter. Russell Investments Group Ltd. grew its holdings in shares of Burlington Stores by 1.0% in the fourth quarter. Russell Investments Group Ltd. now owns 29,835 shares of the company's stock valued at $8,503,000 after acquiring an additional 297 shares in the last quarter. Dynamic Technology Lab Private Ltd increased its position in shares of Burlington Stores by 175.5% during the fourth quarter. Dynamic Technology Lab Private Ltd now owns 6,504 shares of the company's stock valued at $1,854,000 after acquiring an additional 4,143 shares during the last quarter. Resona Asset Management Co. Ltd. bought a new stake in Burlington Stores during the fourth quarter worth $5,397,000. Finally, Savoir Faire Capital Management L.P. grew its stake in Burlington Stores by 229.5% in the 4th quarter. Savoir Faire Capital Management L.P. now owns 17,492 shares of the company's stock valued at $4,986,000 after purchasing an additional 12,183 shares during the period.
Insider Buying and Selling at Burlington Stores
In other Burlington Stores news, CMO Jennifer Vecchio sold 493 shares of the company's stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $275.75, for a total value of $135,944.75. Following the transaction, the chief marketing officer now directly owns 58,944 shares in the company, valued at $16,253,808. This represents a 0.83 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.91% of the company's stock.
Burlington Stores Price Performance
BURL traded down $3.08 during trading on Wednesday, reaching $232.94. 301,964 shares of the company were exchanged, compared to its average volume of 969,677. Burlington Stores, Inc. has a 12-month low of $174.64 and a 12-month high of $298.89. The company's 50-day moving average is $240.69 and its two-hundred day moving average is $263.02. The company has a quick ratio of 0.54, a current ratio of 1.17 and a debt-to-equity ratio of 1.35. The company has a market cap of $14.67 billion, a price-to-earnings ratio of 31.91, a P/E/G ratio of 1.11 and a beta of 1.65.
Burlington Stores (NYSE:BURL - Get Free Report) last announced its quarterly earnings results on Thursday, March 6th. The company reported $4.07 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $3.75 by $0.32. The firm had revenue of $3.28 billion for the quarter, compared to the consensus estimate of $3.25 billion. Burlington Stores had a net margin of 4.49% and a return on equity of 47.52%. Research analysts forecast that Burlington Stores, Inc. will post 7.93 earnings per share for the current fiscal year.
Analyst Ratings Changes
A number of brokerages recently weighed in on BURL. Barclays boosted their price target on shares of Burlington Stores from $317.00 to $329.00 and gave the stock an "overweight" rating in a report on Friday, March 7th. Citigroup reduced their target price on shares of Burlington Stores from $344.00 to $340.00 and set a "buy" rating for the company in a research report on Friday, March 7th. Telsey Advisory Group reaffirmed an "outperform" rating and issued a $340.00 price target on shares of Burlington Stores in a report on Thursday, March 6th. Robert W. Baird increased their price objective on Burlington Stores from $330.00 to $335.00 and gave the company an "outperform" rating in a report on Friday, March 7th. Finally, JPMorgan Chase & Co. decreased their target price on Burlington Stores from $336.00 to $287.00 and set an "overweight" rating for the company in a research report on Monday. One analyst has rated the stock with a hold rating and fifteen have assigned a buy rating to the company's stock. According to data from MarketBeat.com, Burlington Stores has a consensus rating of "Moderate Buy" and an average target price of $323.13.
Read Our Latest Stock Report on Burlington Stores
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.
See Also
Before you consider Burlington Stores, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Burlington Stores wasn't on the list.
While Burlington Stores currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Learn how options trading can help you navigate market volatility, manage risk, and maximize returns with MarketBeat's "Unlock the Potential in Options Trading." Click the link below to have this special report delivered to your inbox.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
