Burlington Stores, Inc. (NYSE:BURL) Shares Acquired by Daiwa Securities Group Inc.

Daiwa Securities Group Inc. raised its holdings in shares of Burlington Stores, Inc. (NYSE:BURL) by 2.0% in the 4th quarter, HoldingsChannel.com reports. The fund owned 5,728 shares of the company’s stock after buying an additional 114 shares during the quarter. Daiwa Securities Group Inc.’s holdings in Burlington Stores were worth $1,114,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of the business. Wahed Invest LLC increased its holdings in shares of Burlington Stores by 9.7% during the 3rd quarter. Wahed Invest LLC now owns 1,026 shares of the company’s stock valued at $139,000 after purchasing an additional 91 shares in the last quarter. Tributary Capital Management LLC increased its holdings in shares of Burlington Stores by 1.9% during the 4th quarter. Tributary Capital Management LLC now owns 6,338 shares of the company’s stock valued at $1,233,000 after purchasing an additional 120 shares in the last quarter. Arizona State Retirement System increased its holdings in Burlington Stores by 0.7% in the 4th quarter. Arizona State Retirement System now owns 17,823 shares of the company’s stock worth $3,466,000 after acquiring an additional 121 shares in the last quarter. Vanguard Personalized Indexing Management LLC increased its holdings in Burlington Stores by 4.4% in the 3rd quarter. Vanguard Personalized Indexing Management LLC now owns 3,597 shares of the company’s stock worth $487,000 after acquiring an additional 153 shares in the last quarter. Finally, Amalgamated Bank increased its holdings in Burlington Stores by 2.9% in the 3rd quarter. Amalgamated Bank now owns 7,254 shares of the company’s stock worth $981,000 after acquiring an additional 202 shares in the last quarter.

Insider Activity

In other Burlington Stores news, CMO Jennifer Vecchio sold 5,025 shares of the company’s stock in a transaction dated 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 transaction, the chief marketing officer now 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 this link. Corporate insiders own 0.91% of the company’s stock.

Burlington Stores Trading Down 1.1 %

Shares of BURL opened at $178.79 on Thursday. Burlington Stores, Inc. has a 52-week low of $115.66 and a 52-week high of $232.69. The company has a quick ratio of 0.61, a current ratio of 1.15 and a debt-to-equity ratio of 1.40. The firm’s fifty day moving average is $206.78 and its two-hundred day moving average is $181.00. The stock has a market cap of $11.42 billion, a PE ratio of 34.05, a price-to-earnings-growth ratio of 1.03 and a beta of 1.49.

Burlington Stores (NYSE:BURL) last announced its quarterly earnings results on Thursday, March 7th. The company reported $3.30 earnings per share 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 analysts’ expectations of $3.07 billion. Burlington Stores had a net margin of 3.49% and a return on equity of 45.28%. The company’s revenue was up 13.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.96 EPS. Research analysts forecast that Burlington Stores, Inc. will post 7.41 earnings per share for the current fiscal year.

Analyst Ratings Changes

BURL has been the subject of several recent analyst reports. Telsey Advisory Group reissued an “outperform” rating and issued a $250.00 price target (up previously from $225.00) on shares of Burlington Stores in a report on Monday, March 4th. Piper Sandler raised shares of Burlington Stores from a “neutral” rating to an “overweight” rating and boosted their price target for the stock from $155.00 to $240.00 in a report on Wednesday, January 17th. StockNews.com raised shares of Burlington Stores from a “hold” rating to a “buy” rating in a report on Saturday, March 9th. Finally, Evercore ISI boosted their price target on shares of Burlington Stores from $220.00 to $235.00 and gave the stock an “outperform” rating in a report on Friday, February 23rd. One research analyst has rated the stock with a sell rating, two have issued a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $210.69.

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.