Silvant Capital Management LLC grew its holdings in Burlington Stores, Inc. (NYSE:BURL - Free Report) by 25.9% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 13,867 shares of the company's stock after buying an additional 2,854 shares during the period. Silvant Capital Management LLC's holdings in Burlington Stores were worth $3,654,000 at the end of the most recent quarter.
A number of other large investors also recently made changes to their positions in the company. CANADA LIFE ASSURANCE Co lifted its holdings in Burlington Stores by 7.4% during the 1st quarter. CANADA LIFE ASSURANCE Co now owns 56,326 shares of the company's stock worth $13,073,000 after buying an additional 3,867 shares during the period. Meeder Asset Management Inc. bought a new stake in Burlington Stores during the 1st quarter worth approximately $1,819,000. Tidal Investments LLC boosted its stake in shares of Burlington Stores by 178.4% in the 1st quarter. Tidal Investments LLC now owns 6,163 shares of the company's stock worth $1,431,000 after buying an additional 3,949 shares during the last quarter. Cetera Investment Advisers purchased a new position in shares of Burlington Stores in the 1st quarter worth approximately $2,851,000. Finally, Mitsubishi UFJ Trust & Banking Corp boosted its stake in shares of Burlington Stores by 14.6% in the 1st quarter. Mitsubishi UFJ Trust & Banking Corp now owns 39,584 shares of the company's stock worth $9,166,000 after buying an additional 5,032 shares during the last quarter.
Analysts Set New Price Targets
BURL has been the topic of several research analyst reports. Wells Fargo & Company upped their price objective on Burlington Stores from $300.00 to $325.00 and gave the company an "overweight" rating in a research note on Friday, August 23rd. JPMorgan Chase & Co. increased their target price on Burlington Stores from $284.00 to $288.00 and gave the company an "overweight" rating in a research note on Monday, July 22nd. Morgan Stanley raised their price objective on Burlington Stores from $284.00 to $300.00 and gave the company an "overweight" rating in a research note on Friday, August 30th. Citigroup raised their target price on Burlington Stores from $276.00 to $313.00 and gave the stock a "buy" rating in a research note on Friday, August 30th. Finally, TD Cowen raised their target price on Burlington Stores from $279.00 to $288.00 and gave the stock a "buy" rating in a research note on Friday, August 30th. Two analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $294.94.
Read Our Latest Research Report on Burlington Stores
Insiders Place Their Bets
In related news, Director Paul Sullivan sold 1,705 shares of the company's stock in a transaction on Thursday, September 19th. The shares were sold at an average price of $277.05, for a total value of $472,370.25. Following the completion of the sale, the director now owns 7,393 shares in the company, valued at $2,048,230.65. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.91% of the stock is currently owned by company insiders.
Burlington Stores Stock Performance
BURL stock traded down $5.07 during midday trading on Friday, hitting $242.70. 903,821 shares of the stock traded hands, compared to its average volume of 889,751. The stock's fifty day simple moving average is $262.48 and its 200-day simple moving average is $238.45. Burlington Stores, Inc. has a 1-year low of $120.31 and a 1-year high of $282.49. The firm has a market cap of $15.45 billion, a P/E ratio of 36.50, a PEG ratio of 1.31 and a beta of 1.64. The company has a debt-to-equity ratio of 1.15, a current ratio of 1.04 and a quick ratio of 0.48.
Burlington Stores (NYSE:BURL - Get Free Report) last posted its quarterly earnings results on Thursday, August 29th. The company reported $1.20 earnings per share for the quarter, topping analysts' consensus estimates 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 in the previous year, the business posted $0.60 earnings per share. Burlington Stores's quarterly revenue was up 13.4% on a year-over-year basis. On average, analysts expect that Burlington Stores, Inc. will post 7.91 earnings per share for the current year.
Burlington Stores Profile
(
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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