Cwm LLC raised its stake in Burlington Stores, Inc. (NYSE:BURL – Get Rating) by 57.3% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 450 shares of the company’s stock after buying an additional 164 shares during the period. Cwm LLC’s holdings in Burlington Stores were worth $50,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also recently modified their holdings of BURL. Covea Finance bought a new stake in Burlington Stores during the 3rd quarter worth $1,343,000. Allspring Global Investments Holdings LLC grew its holdings in shares of Burlington Stores by 44.6% during the third quarter. Allspring Global Investments Holdings LLC now owns 347,387 shares of the company’s stock worth $38,869,000 after purchasing an additional 107,192 shares during the last quarter. Mirabella Financial Services LLP increased its stake in shares of Burlington Stores by 21.8% in the third quarter. Mirabella Financial Services LLP now owns 4,245 shares of the company’s stock valued at $466,000 after buying an additional 761 shares during the period. Peregrine Capital Management LLC raised its holdings in Burlington Stores by 3.9% in the 3rd quarter. Peregrine Capital Management LLC now owns 63,668 shares of the company’s stock valued at $7,124,000 after buying an additional 2,372 shares during the last quarter. Finally, Fenimore Asset Management Inc. boosted its position in Burlington Stores by 0.3% during the 3rd quarter. Fenimore Asset Management Inc. now owns 50,248 shares of the company’s stock worth $5,622,000 after buying an additional 171 shares during the period.
Analyst Upgrades and Downgrades
Several equities analysts have issued reports on the stock. Loop Capital upgraded shares of Burlington Stores from a “hold” rating to a “buy” rating and upped their price target for the company from $105.00 to $200.00 in a research report on Wednesday, January 4th. Barclays raised their target price on Burlington Stores from $230.00 to $281.00 and gave the stock an “overweight” rating in a research report on Friday, January 13th. Cowen upped their price target on Burlington Stores to $177.00 in a research report on Thursday, November 24th. Telsey Advisory Group increased their price target on Burlington Stores from $200.00 to $225.00 and gave the company an “outperform” rating in a research note on Wednesday, November 23rd. Finally, The Goldman Sachs Group lifted their price objective on Burlington Stores from $200.00 to $225.00 and gave the stock a “buy” rating in a research note on Monday, December 12th. Four research analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $220.79.
Insider Buying and Selling at Burlington Stores
Burlington Stores Price Performance
BURL stock opened at $222.93 on Friday. The company has a debt-to-equity ratio of 2.29, a current ratio of 1.12 and a quick ratio of 0.35. The company’s 50-day moving average is $197.21 and its 200-day moving average is $159.78. The stock has a market capitalization of $14.61 billion, a PE ratio of 89.89 and a beta of 1.03. Burlington Stores, Inc. has a 1 year low of $106.47 and a 1 year high of $243.94.
Burlington Stores (NYSE:BURL – Get Rating) last announced its quarterly earnings results on Tuesday, November 22nd. The company reported $0.43 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.52 by ($0.09). The firm had revenue of $2.04 billion during the quarter, compared to the consensus estimate of $2.05 billion. Burlington Stores had a return on equity of 37.58% and a net margin of 1.94%. During the same quarter in the previous year, the company posted $1.36 EPS. Equities research analysts expect that Burlington Stores, Inc. will post 4 EPS for the current fiscal year.
Burlington Stores Company Profile
Burlington Stores, Inc operates as a retailer of branded apparel products in the United States. The company's stores offer fashion-focused merchandise, including women's ready-to-wear apparel, menswear, youth apparel, baby, beauty, footwear, accessories, home, toys, gifts, and coats. As of October 29, 2022, it operated 893 stores in 46 states and Puerto Rico principally under the Burlington Stores name.
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