Zurcher Kantonalbank Zurich Cantonalbank Sells 3,715 Shares of Burlington Stores, Inc. (NYSE:BURL)

Zurcher Kantonalbank Zurich Cantonalbank reduced its position in Burlington Stores, Inc. (NYSE:BURL) by 23.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 11,949 shares of the company’s stock after selling 3,715 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Burlington Stores were worth $2,324,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in BURL. Fifth Third Bancorp purchased a new stake in shares of Burlington Stores during the fourth quarter valued at $50,000. Homestead Advisers Corp purchased a new stake in Burlington Stores in the 3rd quarter valued at about $53,000. Operose Advisors LLC bought a new position in Burlington Stores in the 3rd quarter worth about $84,000. Wahed Invest LLC increased its position in shares of Burlington Stores by 9.7% during the third quarter. Wahed Invest LLC now owns 1,026 shares of the company’s stock worth $139,000 after acquiring an additional 91 shares during the period. Finally, Counterpoint Mutual Funds LLC bought a new stake in shares of Burlington Stores during the third quarter valued at approximately $202,000.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on BURL. Telsey Advisory Group reissued an “outperform” rating and issued a $250.00 price objective (up previously from $225.00) on shares of Burlington Stores in a research note on Monday, March 4th. Piper Sandler upgraded Burlington Stores from a “neutral” rating to an “overweight” rating and upped their target price for the stock from $155.00 to $240.00 in a report 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. Finally, Evercore ISI lifted their price objective on Burlington Stores from $220.00 to $235.00 and gave the company an “outperform” rating in a report on Friday, February 23rd. One research analyst has rated the stock with a sell rating, two have given a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat.com, Burlington Stores presently has an average rating of “Moderate Buy” and a consensus target price of $210.69.

Insider Activity

In related news, CMO Jennifer Vecchio sold 5,025 shares of the business’s stock in a transaction on Wednesday, March 20th. The stock was sold at an average price of $225.24, for a total transaction of $1,131,831.00. Following the transaction, the chief marketing officer now directly owns 61,115 shares in the company, valued at approximately $13,765,542.60. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Company insiders own 0.91% of the company’s stock.

Burlington Stores Stock Performance

BURL stock opened at $180.80 on Wednesday. Burlington Stores, Inc. has a one year low of $115.66 and a one year high of $232.69. The firm has a market cap of $11.55 billion, a price-to-earnings ratio of 34.44, a PEG ratio of 1.04 and a beta of 1.49. The company has a debt-to-equity ratio of 1.40, a quick ratio of 0.61 and a current ratio of 1.15. The firm has a 50-day simple moving average of $206.78 and a two-hundred day simple moving average of $181.00.

Burlington Stores (NYSE:BURL) last posted its earnings results on Thursday, March 7th. The company reported $3.30 EPS for the quarter, beating analysts’ consensus estimates of $3.28 by $0.02. The company had revenue of $3.13 billion during the quarter, compared to analysts’ expectations 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 for the quarter was up 13.9% compared to the same quarter last year. During the same quarter in the prior year, the company posted $2.96 earnings per share. On average, equities analysts forecast that Burlington Stores, Inc. will post 7.41 EPS for the current fiscal year.

Burlington Stores Company Profile

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.