Allspring Global Investments Holdings LLC Reduces Stock Holdings in Burlington Stores, Inc. (NYSE:BURL)

Allspring Global Investments Holdings LLC decreased its holdings in Burlington Stores, Inc. (NYSE:BURL - Free Report) by 5.3% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 358,974 shares of the company's stock after selling 19,947 shares during the quarter. Allspring Global Investments Holdings LLC owned about 0.57% of Burlington Stores worth $87,119,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Norges Bank bought a new position in Burlington Stores in the fourth quarter worth $227,268,000. Capital International Investors raised its holdings in Burlington Stores by 7.7% in the fourth quarter. Capital International Investors now owns 5,160,096 shares of the company's stock worth $1,470,929,000 after purchasing an additional 367,703 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in Burlington Stores by 55.6% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 671,999 shares of the company's stock worth $191,560,000 after purchasing an additional 240,144 shares in the last quarter. Steadfast Capital Management LP bought a new position in Burlington Stores in the fourth quarter worth $67,075,000. Finally, Massachusetts Financial Services Co. MA raised its holdings in Burlington Stores by 30.8% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 955,648 shares of the company's stock worth $272,417,000 after purchasing an additional 225,124 shares in the last quarter.

Burlington Stores Price Performance

NYSE BURL opened at $230.98 on Friday. Burlington Stores, Inc. has a one year low of $212.92 and a one year high of $298.89. The stock has a 50-day moving average of $237.97 and a 200 day moving average of $252.38. The company has a market capitalization of $14.57 billion, a price-to-earnings ratio of 28.34, a PEG ratio of 1.65 and a beta of 1.65. The company has a debt-to-equity ratio of 1.21, a quick ratio of 0.39 and a current ratio of 1.06.

Burlington Stores (NYSE:BURL - Get Free Report) last released its quarterly earnings data on Thursday, May 29th. The company reported $1.60 EPS for the quarter, topping the consensus estimate of $1.43 by $0.17. Burlington Stores had a return on equity of 44.03% and a net margin of 4.88%. The company had revenue of $2.50 billion during the quarter, compared to the consensus estimate of $2.52 billion. During the same period last year, the company earned $1.35 EPS. Burlington Stores's revenue for the quarter was up 6.0% on a year-over-year basis. On average, sell-side analysts forecast that Burlington Stores, Inc. will post 7.93 EPS for the current year.

Wall Street Analysts Forecast Growth

BURL has been the subject of a number of research reports. Loop Capital decreased their price objective on Burlington Stores from $315.00 to $305.00 and set a "buy" rating for the company in a report on Friday, May 30th. Morgan Stanley decreased their price objective on Burlington Stores from $297.00 to $269.00 and set an "overweight" rating for the company in a report on Tuesday, May 6th. UBS Group increased their price objective on Burlington Stores from $360.00 to $405.00 and gave the stock a "buy" rating in a report on Friday, March 7th. Evercore ISI reduced their price target on Burlington Stores from $345.00 to $310.00 and set an "outperform" rating for the company in a report on Friday, May 30th. Finally, Citigroup reduced their price target on Burlington Stores from $344.00 to $340.00 and set a "buy" rating for the company in a report on Friday, March 7th. One analyst has rated the stock with a hold rating and fourteen have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $317.43.

Insider Buying and Selling

In other news, CAO Stephen Ferroni sold 450 shares of the company's stock in a transaction dated Thursday, June 5th. The shares were sold at an average price of $241.39, for a total transaction of $108,625.50. Following the completion of the sale, the chief accounting officer now owns 2,389 shares of the company's stock, valued at $576,680.71. This represents a 15.85% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, COO Travis Marquette sold 190 shares of the firm's stock in a transaction that occurred on Monday, May 5th. The stock was sold at an average price of $237.63, for a total transaction of $45,149.70. Following the completion of the transaction, the chief operating officer now directly owns 22,858 shares in the company, valued at approximately $5,431,746.54. The trade was a 0.82% decrease in their position. The disclosure for this sale can be found here. 1.10% of the stock is owned by corporate insiders.

About Burlington Stores

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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