Jennison Associates LLC lessened its stake in shares of Burlington Stores, Inc. (NYSE:BURL - Free Report) by 4.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 458,866 shares of the company's stock after selling 19,086 shares during the quarter. Jennison Associates LLC owned approximately 0.71% of Burlington Stores worth $89,240,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also bought and sold shares of the stock. National Bank of Canada FI raised its stake in Burlington Stores by 1,792.7% in the 3rd quarter. National Bank of Canada FI now owns 4,429 shares of the company's stock worth $572,000 after acquiring an additional 4,195 shares during the last quarter. SG Americas Securities LLC purchased a new position in Burlington Stores in the 3rd quarter worth $223,000. Counterpoint Mutual Funds LLC purchased a new position in Burlington Stores in the 3rd quarter worth $202,000. Handelsbanken Fonder AB raised its stake in Burlington Stores by 4.7% in the 3rd quarter. Handelsbanken Fonder AB now owns 12,826 shares of the company's stock worth $1,735,000 after acquiring an additional 571 shares during the last quarter. Finally, Peregrine Capital Management LLC raised its stake in Burlington Stores by 6.2% in the 3rd quarter. Peregrine Capital Management LLC now owns 55,997 shares of the company's stock worth $7,576,000 after acquiring an additional 3,256 shares during the last quarter.
Burlington Stores Stock Performance
NYSE BURL traded up $3.16 during trading hours on Tuesday, hitting $180.80. The company had a trading volume of 892,567 shares, compared to its average volume of 898,712. The company has a debt-to-equity ratio of 1.40, a quick ratio of 0.61 and a current ratio of 1.15. Burlington Stores, Inc. has a 1-year low of $115.66 and a 1-year high of $232.69. The company has a market cap of $11.55 billion, a PE ratio of 34.59, a price-to-earnings-growth ratio of 1.04 and a beta of 1.49. The business has a 50 day moving average of $207.05 and a 200-day moving average of $180.59.
Burlington Stores (NYSE:BURL - Get Free Report) last announced its earnings results on Thursday, March 7th. The company reported $3.30 earnings per share for the quarter, topping the consensus estimate of $3.28 by $0.02. Burlington Stores had a net margin of 3.49% and a return on equity of 45.28%. The business had revenue of $3.13 billion during the quarter, compared to the consensus estimate of $3.07 billion. During the same quarter in the prior year, the firm earned $2.96 earnings per share. The business's quarterly revenue was up 13.9% compared to the same quarter last year. As a group, equities research analysts expect that Burlington Stores, Inc. will post 7.41 EPS for the current year.
Insider Buying and Selling
In related news, CMO Jennifer Vecchio sold 5,025 shares of the stock in a transaction dated Wednesday, March 20th. The shares were sold at an average price of $225.24, for a total transaction of $1,131,831.00. Following the completion of the transaction, the chief marketing officer now directly owns 61,115 shares of the company's stock, valued at $13,765,542.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 0.91% of the stock is currently owned by corporate insiders.
Wall Street Analysts Forecast Growth
A number of equities analysts have weighed in on BURL shares. Piper Sandler upgraded Burlington Stores from a "neutral" rating to an "overweight" rating and lifted their price objective for the company from $155.00 to $240.00 in a research note on Wednesday, January 17th. StockNews.com upgraded Burlington Stores from a "hold" rating to a "buy" rating in a research note on Saturday, March 9th. Evercore ISI lifted their price target on Burlington Stores from $220.00 to $235.00 and gave the company an "outperform" rating in a research note on Friday, February 23rd. Finally, Telsey Advisory Group restated an "outperform" rating and issued a $250.00 price target (up previously from $225.00) on shares of Burlington Stores in a research note on Monday, March 4th. One research analyst has rated the stock with a sell rating, two have given a hold rating and eight have issued a buy rating to the company's stock. According to MarketBeat.com, Burlington Stores has an average rating of "Moderate Buy" and an average target price of $210.69.
Check Out Our Latest Analysis on Burlington Stores
Burlington Stores Company 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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