3 days Ago By ABMN Staff
CIBC Private Wealth Group LLC raised its position in shares of Burlington Stores, Inc. ( NYSE:BURL – Free Report ) by 33.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission.
The institutional investor owned 709 shares of the company’s stock after buying an additional 177 shares during the period. CIBC Private Wealth Group LLC’s holdings in Burlington Stores were worth $203,000 as of its most recent filing with the Securities and Exchange Commission. A number of other institutional investors also recently modified their holdings of the company.
Buckingham Capital Management Inc. raised its position in Burlington Stores by 159.0% in the 4th quarter.
Buckingham Capital Management Inc. now owns 17,419 shares of the company’s stock valued at $4,965,000 after purchasing an additional 10,693 shares during the last quarter. Logan Capital Management Inc.
increased its stake in shares of Burlington Stores by 9.1% in the third quarter. Logan Capital Management Inc.
now owns 56,354 shares of the company’s stock valued at $14,848,000 after buying an additional 4,695 shares in the last quarter. Allspring Global Investments Holdings LLC raised its holdings in shares of Burlington Stores by 7.5% in the fourth quarter.
Allspring Global Investments Holdings LLC now owns 378,921 shares of the company’s stock valued at $108,292,000 after buying an additional 26,412 shares during the last quarter. HB Wealth Management LLC acquired a new position in Burlington Stores during the 4th quarter worth about $265,000. Finally, Principal Financial Group Inc.
lifted its position in Burlington Stores by 35.3% during the 4th quarter. Principal Financial Group Inc.
now owns 227,020 shares of the company’s stock worth $64,714,000 after buying an additional 59,173 shares in the last quarter. Wall Street Analyst Weigh In A number of equities analysts have weighed in on BURL shares. UBS Group boosted their target price on shares of Burlington Stores from $360.
00 to $405.00 and gave the stock a “buy” rating in a research note on Friday, March 7th. Telsey Advisory Group restated an “outperform” rating and issued a $340.
00 price objective on shares of Burlington Stores in a research report on Thursday, March 6th. TD Cowen increased their price objective on Burlington Stores from $334.00 to $339.
00 and gave the company a “buy” rating in a research report on Thursday, December 12th. Citigroup dropped their target price on Burlington Stores from $344.00 to $340.
00 and set a “buy” rating for the company in a research report on Friday, March 7th. Finally, Robert W. Baird lifted their price objective on Burlington Stores from $330.
00 to $335.00 and gave the stock an “outperform” rating in a research report on Friday, March 7th. One research analyst has rated the stock with a hold rating and fifteen have assigned a buy rating to the company’s stock.
According to MarketBeat.com, Burlington Stores currently has a consensus rating of “Moderate Buy” and a consensus price target of $323.20.
Burlington Stores Stock Down 2.2 % Shares of NYSE:BURL opened at $230.52 on Monday.
The company has a 50 day moving average price of $248.86 and a two-hundred day moving average price of $265.23.
The company has a debt-to-equity ratio of 1.35, a quick ratio of 0.54 and a current ratio of 1.
17. The company has a market capitalization of $14.57 billion, a PE ratio of 31.
58, a PEG ratio of 1.11 and a beta of 1.73.
Burlington Stores, Inc. has a 52 week low of $174.64 and a 52 week high of $298.
89. Burlington Stores ( NYSE:BURL – Get Free Report ) last issued its quarterly earnings data on Thursday, March 6th. The company reported $4.
07 EPS for the quarter, topping the consensus estimate of $3.75 by $0.32.
Burlington Stores had a return on equity of 47.52% and a net margin of 4.49%.
The business had revenue of $3.28 billion for the quarter, compared to the consensus estimate of $3.25 billion.
Analysts forecast that Burlington Stores, Inc. will post 7.93 earnings per share for the current year.
Insider Activity In other news, CMO Jennifer Vecchio sold 4,939 shares of the stock in a transaction on Thursday, March 20th. The shares were sold at an average price of $239.94, for a total transaction of $1,185,063.
66. Following the completion of the sale, the chief marketing officer now owns 70,006 shares of the company’s stock, valued at $16,797,239.64.
This represents a 6.59 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink .
0.91% of the stock is currently owned by company insiders. 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. Recommended Stories Want to see what other hedge funds are holding BURL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Burlington Stores, Inc.
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