Envestnet Asset Management Inc. cut its stake in shares of Burlington Stores, Inc. (NYSE:BURL – Free Report) by 8.2% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 43,283 shares of the company’s stock after selling 3,877 shares during the quarter. Envestnet Asset Management Inc. owned 0.07% of Burlington Stores worth $6,812,000 as of its most recent SEC filing.
Several other hedge funds have also recently modified their holdings of BURL. Bank of Montreal Can lifted its holdings in shares of Burlington Stores by 5.8% during the first quarter. Bank of Montreal Can now owns 6,412 shares of the company’s stock worth $1,222,000 after purchasing an additional 349 shares during the period. Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in shares of Burlington Stores during the first quarter worth $246,000. MetLife Investment Management LLC acquired a new stake in shares of Burlington Stores during the first quarter worth $751,000. Yousif Capital Management LLC lifted its holdings in shares of Burlington Stores by 8.5% during the first quarter. Yousif Capital Management LLC now owns 1,538 shares of the company’s stock worth $280,000 after purchasing an additional 120 shares during the period. Finally, Raymond James Trust N.A. lifted its holdings in shares of Burlington Stores by 14.9% during the first quarter. Raymond James Trust N.A. now owns 1,471 shares of the company’s stock worth $268,000 after purchasing an additional 191 shares during the period.
Wall Street Analysts Forecast Growth
Several equities research analysts recently weighed in on BURL shares. Citigroup decreased their price target on Burlington Stores from $220.00 to $215.00 and set a “buy” rating for the company in a report on Wednesday, November 8th. Evercore ISI initiated coverage on Burlington Stores in a report on Tuesday, November 7th. They issued an “outperform” rating and a $150.00 target price for the company. Sanford C. Bernstein reduced their target price on Burlington Stores from $200.00 to $190.00 and set an “outperform” rating for the company in a report on Sunday, August 27th. TD Cowen reduced their target price on Burlington Stores from $185.00 to $181.00 and set a “market perform” rating for the company in a report on Monday, August 28th. Finally, Morgan Stanley reissued an “overweight” rating and issued a $233.00 target price on shares of Burlington Stores in a report on Monday, August 7th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and fourteen have given a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $208.45.
Burlington Stores Trading Up 4.7 %
Burlington Stores stock opened at $136.03 on Friday. The stock has a market cap of $8.82 billion, a PE ratio of 33.50, a P/E/G ratio of 0.82 and a beta of 1.23. The stock has a 50-day moving average price of $130.00 and a 200 day moving average price of $152.09. Burlington Stores, Inc. has a 52 week low of $115.66 and a 52 week high of $239.94. The company has a current ratio of 1.17, a quick ratio of 0.46 and a debt-to-equity ratio of 1.63.
Burlington Stores (NYSE:BURL – Get Free Report) last posted its quarterly earnings data on Thursday, August 24th. The company reported $0.60 EPS for the quarter, topping analysts’ consensus estimates of $0.43 by $0.17. The firm had revenue of $2.17 billion during the quarter, compared to analysts’ expectations of $2.17 billion. Burlington Stores had a return on equity of 41.25% and a net margin of 2.92%. The firm’s quarterly revenue was up 9.4% compared to the same quarter last year. During the same quarter last year, the business posted $0.35 EPS. Equities research analysts predict that Burlington Stores, Inc. will post 5.66 earnings per share 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 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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