Allspring Global Investments Holdings LLC Has $92.88 Million Stock Holdings in Burlington Stores, Inc. (NYSE:BURL)

Allspring Global Investments Holdings LLC trimmed its holdings in shares of Burlington Stores, Inc. (NYSE:BURL - Free Report) by 16.6% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 352,509 shares of the company's stock after selling 70,007 shares during the period. Allspring Global Investments Holdings LLC owned about 0.55% of Burlington Stores worth $92,879,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of BURL. GAMMA Investing LLC increased its holdings in Burlington Stores by 20.4% during the second quarter. GAMMA Investing LLC now owns 313 shares of the company's stock worth $75,000 after buying an additional 53 shares during the last quarter. Park Avenue Securities LLC increased its stake in shares of Burlington Stores by 3.4% during the 1st quarter. Park Avenue Securities LLC now owns 1,661 shares of the company's stock worth $386,000 after purchasing an additional 54 shares during the last quarter. Signaturefd LLC raised its holdings in shares of Burlington Stores by 9.1% in the 2nd quarter. Signaturefd LLC now owns 648 shares of the company's stock valued at $156,000 after purchasing an additional 54 shares during the period. Cetera Investment Advisers lifted its stake in Burlington Stores by 0.5% in the 2nd quarter. Cetera Investment Advisers now owns 12,340 shares of the company's stock valued at $2,962,000 after purchasing an additional 61 shares during the last quarter. Finally, Atomi Financial Group Inc. increased its position in Burlington Stores by 6.5% during the second quarter. Atomi Financial Group Inc. now owns 1,066 shares of the company's stock worth $256,000 after buying an additional 65 shares during the last quarter.

Insider Buying and Selling at Burlington Stores

In related news, CMO Jennifer Vecchio sold 494 shares of the company's stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $255.37, for a total transaction of $126,152.78. Following the completion of the sale, the chief marketing officer now directly owns 61,907 shares in the company, valued at $15,809,190.59. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other Burlington Stores news, Director Paul Sullivan sold 1,705 shares of the business's stock in a transaction on Thursday, September 19th. The shares were sold at an average price of $277.05, for a total transaction of $472,370.25. Following the sale, the director now owns 7,393 shares of the company's stock, valued at approximately $2,048,230.65. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CMO Jennifer Vecchio sold 494 shares of the stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $255.37, for a total value of $126,152.78. Following the completion of the transaction, the chief marketing officer now owns 61,907 shares of the company's stock, valued at $15,809,190.59. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 2,283 shares of company stock valued at $619,599. 0.91% of the stock is currently owned by corporate insiders.

Burlington Stores Price Performance

Shares of BURL traded down $2.36 during trading hours on Monday, hitting $255.42. 796,798 shares of the company were exchanged, compared to its average volume of 897,466. The company has a quick ratio of 0.48, a current ratio of 1.04 and a debt-to-equity ratio of 1.15. Burlington Stores, Inc. has a fifty-two week low of $116.03 and a fifty-two week high of $282.49. The company has a market cap of $16.30 billion, a price-to-earnings ratio of 42.63, a P/E/G ratio of 1.28 and a beta of 1.64. The firm's fifty day moving average is $264.83 and its 200 day moving average is $235.07.

Burlington Stores (NYSE:BURL - Get Free Report) last released its earnings results on Thursday, August 29th. The company reported $1.20 EPS for the quarter, beating the consensus estimate of $0.95 by $0.25. Burlington Stores had a net margin of 4.18% and a return on equity of 47.43%. The firm had revenue of $2.47 billion for the quarter, compared to analyst estimates of $2.42 billion. During the same period last year, the firm earned $0.60 EPS. The business's quarterly revenue was up 13.4% compared to the same quarter last year. On average, equities analysts anticipate that Burlington Stores, Inc. will post 7.91 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the company. Loop Capital raised their price objective on Burlington Stores from $270.00 to $345.00 and gave the company a "buy" rating in a research report on Friday, August 30th. Evercore ISI lifted their price objective on shares of Burlington Stores from $300.00 to $315.00 and gave the stock an "outperform" rating in a research report on Friday, August 30th. Citigroup increased their price objective on shares of Burlington Stores from $276.00 to $313.00 and gave the company a "buy" rating in a research report on Friday, August 30th. Wells Fargo & Company raised their target price on shares of Burlington Stores from $300.00 to $325.00 and gave the stock an "overweight" rating in a research note on Friday, August 23rd. Finally, Gordon Haskett upgraded shares of Burlington Stores from a "hold" rating to a "buy" rating and set a $300.00 price target on the stock in a research note on Monday, August 19th. One research analyst has rated the stock with a hold rating and sixteen have issued a buy rating to the company. According to MarketBeat, Burlington Stores presently has an average rating of "Moderate Buy" and an average target price of $294.94.

Burlington Stores Company 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.