Legal & General Group Plc lessened its stake in Burlington Stores, Inc. (NYSE:BURL - Free Report) by 26.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 318,358 shares of the company's stock after selling 115,172 shares during the quarter. Legal & General Group Plc owned approximately 0.50% of Burlington Stores worth $90,751,000 at the end of the most recent reporting period.
Other hedge funds also recently modified their holdings of the company. Federated Hermes Inc. boosted its holdings in Burlington Stores by 108.4% during the 4th quarter. Federated Hermes Inc. now owns 88,783 shares of the company's stock worth $25,308,000 after acquiring an additional 46,186 shares during the last quarter. Russell Investments Group Ltd. boosted its holdings in Burlington Stores by 1.0% during the fourth quarter. Russell Investments Group Ltd. now owns 29,835 shares of the company's stock worth $8,503,000 after purchasing an additional 297 shares during the last quarter. Dynamic Technology Lab Private Ltd grew its position in Burlington Stores by 175.5% in the 4th quarter. Dynamic Technology Lab Private Ltd now owns 6,504 shares of the company's stock worth $1,854,000 after purchasing an additional 4,143 shares in the last quarter. Resona Asset Management Co. Ltd. purchased a new stake in Burlington Stores in the 4th quarter valued at about $5,397,000. Finally, Savoir Faire Capital Management L.P. lifted its position in shares of Burlington Stores by 229.5% during the 4th quarter. Savoir Faire Capital Management L.P. now owns 17,492 shares of the company's stock worth $4,986,000 after buying an additional 12,183 shares in the last quarter.
Burlington Stores Price Performance
BURL stock traded down $3.33 during mid-day trading on Tuesday, reaching $236.13. 999,028 shares of the company traded hands, compared to its average volume of 973,988. Burlington Stores, Inc. has a 52-week low of $174.64 and a 52-week high of $298.89. The company has a market capitalization of $14.87 billion, a P/E ratio of 32.35, a P/E/G ratio of 1.11 and a beta of 1.65. The company has a debt-to-equity ratio of 1.35, a current ratio of 1.17 and a quick ratio of 0.54. The company has a fifty day moving average price of $241.35 and a 200-day moving average price of $263.21.
Burlington Stores (NYSE:BURL - Get Free Report) last posted its earnings results on Thursday, March 6th. The company reported $4.07 earnings per share for the quarter, topping analysts' consensus estimates of $3.75 by $0.32. Burlington Stores had a net margin of 4.49% and a return on equity of 47.52%. The business had revenue of $3.28 billion for the quarter, compared to analyst estimates of $3.25 billion. As a group, analysts anticipate that Burlington Stores, Inc. will post 7.93 earnings per share for the current year.
Wall Street Analyst Weigh In
BURL has been the subject of several recent analyst reports. Robert W. Baird increased their price target on Burlington Stores from $330.00 to $335.00 and gave the company an "outperform" rating in a research report on Friday, March 7th. 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. Telsey Advisory Group reissued an "outperform" rating and issued a $340.00 price target on shares of Burlington Stores in a report on Thursday, March 6th. Barclays raised their price objective 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. Finally, Morgan Stanley increased their target price on shares of Burlington Stores from $296.00 to $297.00 and gave the company an "overweight" rating in a research report on Friday, March 7th. One equities research analyst has rated the stock with a hold rating and fifteen have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $323.13.
Get Our Latest Stock Analysis on Burlington Stores
Insider Buying and Selling
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. 0.91% of the stock is currently owned by company insiders.
Burlington Stores Company Profile
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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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