Burlington Stores, Inc. (NYSE:BURL) Shares Sold by Gulf International Bank UK Ltd

Gulf International Bank UK Ltd cut its stake in shares of Burlington Stores, Inc. (NYSE:BURLFree Report) by 17.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,388 shares of the company’s stock after selling 1,178 shares during the quarter. Gulf International Bank UK Ltd’s holdings in Burlington Stores were worth $1,047,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the stock. Mercer Global Advisors Inc. ADV grew its holdings in shares of Burlington Stores by 4.9% during the first quarter. Mercer Global Advisors Inc. ADV now owns 1,462 shares of the company’s stock valued at $295,000 after buying an additional 68 shares during the last quarter. Salem Investment Counselors Inc. grew its holdings in shares of Burlington Stores by 58.2% during the second quarter. Salem Investment Counselors Inc. now owns 193 shares of the company’s stock valued at $26,000 after buying an additional 71 shares during the last quarter. Ethic Inc. boosted its holdings in Burlington Stores by 6.5% in the first quarter. Ethic Inc. now owns 1,188 shares of the company’s stock valued at $240,000 after purchasing an additional 73 shares during the last quarter. Wahed Invest LLC boosted its holdings in Burlington Stores by 9.7% in the third quarter. Wahed Invest LLC now owns 1,026 shares of the company’s stock valued at $139,000 after purchasing an additional 91 shares during the last quarter. Finally, KB Financial Partners LLC boosted its holdings in Burlington Stores by 68.8% in the first quarter. KB Financial Partners LLC now owns 238 shares of the company’s stock valued at $43,000 after purchasing an additional 97 shares during the last quarter.

Analyst Ratings Changes

Several equities research analysts have commented on the stock. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $250.00 price target (up from $225.00) on shares of Burlington Stores in a report on Monday, March 4th. Evercore ISI increased their target price on shares of Burlington Stores from $220.00 to $235.00 and gave the stock an “outperform” rating in a research note on Friday, February 23rd. UBS Group upped their price target on shares of Burlington Stores from $120.00 to $126.00 and gave the stock a “sell” rating in a research report on Monday, November 27th. Piper Sandler upgraded shares of Burlington Stores from a “neutral” rating to an “overweight” rating and upped their price target for the stock from $155.00 to $240.00 in a research report on Wednesday, January 17th. Finally, StockNews.com upgraded shares of Burlington Stores from a “hold” rating to a “buy” rating in a research report on Saturday, March 9th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and ten have given a buy rating to the company. According to MarketBeat, Burlington Stores presently has a consensus rating of “Moderate Buy” and a consensus target price of $210.69.

Read Our Latest Report on Burlington Stores

Burlington Stores Stock Down 0.3 %

Shares of BURL opened at $226.67 on Friday. The firm has a market cap of $14.49 billion, a P/E ratio of 43.18, a price-to-earnings-growth ratio of 1.32 and a beta of 1.48. Burlington Stores, Inc. has a 12-month low of $115.66 and a 12-month high of $230.07. The company’s 50-day moving average price is $203.67 and its 200 day moving average price is $171.13. The company has a current ratio of 1.15, a quick ratio of 0.61 and a debt-to-equity ratio of 1.40.

Burlington Stores (NYSE:BURLGet Free Report) last issued its quarterly earnings data on Thursday, March 7th. The company reported $3.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.28 by $0.02. The firm had revenue of $3.13 billion for the quarter, compared to analyst estimates of $3.07 billion. Burlington Stores had a net margin of 3.49% and a return on equity of 45.28%. Burlington Stores’s revenue was up 13.9% on a year-over-year basis. During the same period in the previous year, the firm earned $2.96 EPS. On average, sell-side analysts forecast that Burlington Stores, Inc. will post 7.41 earnings per share for the current year.

Insider Buying and Selling

In other Burlington Stores news, CMO Jennifer Vecchio sold 5,025 shares of the firm’s stock in a transaction that occurred on Wednesday, March 20th. The shares were sold at an average price of $225.24, for a total value of $1,131,831.00. Following the completion of the transaction, the chief marketing officer now owns 61,115 shares of the company’s stock, valued at approximately $13,765,542.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.71% of the stock is owned by insiders.

Burlington Stores Profile

(Free Report)

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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Institutional Ownership by Quarter for Burlington Stores (NYSE:BURL)

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