abrdn plc Sells 2,112 Shares of Burlington Stores, Inc. (NYSE:BURL)

abrdn plc trimmed its position in shares of Burlington Stores, Inc. (NYSE:BURL - Free Report) by 10.1% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 18,729 shares of the company's stock after selling 2,112 shares during the period. abrdn plc's holdings in Burlington Stores were worth $4,935,000 at the end of the most recent reporting period.

A number of other institutional investors also recently added to or reduced their stakes in the company. Tributary Capital Management LLC grew its position in Burlington Stores by 1.0% in the 3rd quarter. Tributary Capital Management LLC now owns 4,991 shares of the company's stock valued at $1,315,000 after buying an additional 50 shares during the last quarter. GAMMA Investing LLC increased its holdings in Burlington Stores by 20.4% during the 2nd quarter. GAMMA Investing LLC now owns 313 shares of the company's stock valued at $75,000 after acquiring an additional 53 shares in the last quarter. Signaturefd LLC raised its position in Burlington Stores by 9.1% during the second quarter. Signaturefd LLC now owns 648 shares of the company's stock worth $156,000 after acquiring an additional 54 shares during the last quarter. Cetera Investment Advisers lifted its holdings in shares of Burlington Stores by 0.5% in the second 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 in the last quarter. Finally, Atomi Financial Group Inc. grew its position in shares of Burlington Stores by 6.5% in the second quarter. Atomi Financial Group Inc. now owns 1,066 shares of the company's stock valued at $256,000 after purchasing an additional 65 shares during the last quarter.

Insiders Place Their Bets

In related news, Director Paul Sullivan sold 1,705 shares of the business's stock in a transaction that occurred on Thursday, September 19th. The stock was 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 of the company's stock, valued at approximately $2,048,230.65. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 0.91% of the company's stock.

Burlington Stores Price Performance

NYSE:BURL traded up $4.55 during mid-day trading on Monday, reaching $247.25. 775,413 shares of the stock were exchanged, compared to its average volume of 889,214. The business has a fifty day moving average price of $262.48 and a 200 day moving average price of $239.27. The firm has a market capitalization of $15.74 billion, a PE ratio of 37.18, a PEG ratio of 1.26 and a beta of 1.64. The company has a current ratio of 1.04, a quick ratio of 0.48 and a debt-to-equity ratio of 1.15. Burlington Stores, Inc. has a 1-year low of $125.38 and a 1-year high of $282.49.

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

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the stock. TD Cowen boosted their target price on shares of Burlington Stores from $279.00 to $288.00 and gave the company a "buy" rating in a research note on Friday, August 30th. JPMorgan Chase & Co. lifted their price target on shares of Burlington Stores from $284.00 to $288.00 and gave the company an "overweight" rating in a report on Monday, July 22nd. StockNews.com downgraded Burlington Stores from a "buy" rating to a "hold" rating in a report on Wednesday, October 23rd. Wells Fargo & Company increased their target price on shares of Burlington Stores from $300.00 to $325.00 and gave the stock an "overweight" rating in a research report 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 target price on the stock in a report on Monday, August 19th. Two investment analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. According to data from MarketBeat.com, Burlington Stores has an average rating of "Moderate Buy" and an average target price of $294.94.

Burlington Stores 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.