Cwm LLC Acquires 128 Shares of Burlington Stores, Inc. (NYSE:BURL)

Cwm LLC boosted its holdings in Burlington Stores, Inc. (NYSE:BURL) by 10.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,346 shares of the company’s stock after purchasing an additional 128 shares during the period. Cwm LLC’s holdings in Burlington Stores were worth $262,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in the business. Signaturefd LLC raised its stake in shares of Burlington Stores by 63.9% during the fourth quarter. Signaturefd LLC now owns 459 shares of the company’s stock valued at $89,000 after acquiring an additional 179 shares during the last quarter. Lindbrook Capital LLC raised its stake in shares of Burlington Stores by 114.6% during the fourth quarter. Lindbrook Capital LLC now owns 176 shares of the company’s stock valued at $34,000 after acquiring an additional 94 shares during the last quarter. abrdn plc raised its stake in shares of Burlington Stores by 102.1% during the fourth quarter. abrdn plc now owns 22,250 shares of the company’s stock valued at $4,327,000 after acquiring an additional 11,241 shares during the last quarter. Xponance Inc. raised its stake in shares of Burlington Stores by 54.5% during the fourth quarter. Xponance Inc. now owns 14,123 shares of the company’s stock valued at $2,747,000 after acquiring an additional 4,982 shares during the last quarter. Finally, Federated Hermes Inc. bought a new position in shares of Burlington Stores during the fourth quarter valued at about $1,510,000.

Burlington Stores Trading Up 0.7 %

NYSE:BURL opened at $185.63 on Friday. The company’s 50 day moving average price is $204.39 and its 200-day moving average price is $183.51. 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 stock has a market cap of $11.86 billion, a price-to-earnings ratio of 35.36, a PEG ratio of 1.04 and a beta of 1.54.

Burlington Stores (NYSE:BURL) last posted its quarterly 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. Burlington Stores had a net margin of 3.49% and a return on equity of 45.28%. The firm had revenue of $3.13 billion for the quarter, compared to analysts’ expectations of $3.07 billion. During the same quarter in the prior year, the company posted $2.96 earnings per share. The business’s revenue for the quarter was up 13.9% on a year-over-year basis. On average, equities research analysts forecast that Burlington Stores, Inc. will post 7.41 earnings per share for the current fiscal year.

Insider Activity at Burlington Stores

In other Burlington Stores news, CMO Jennifer Vecchio sold 5,025 shares of the 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 transaction, the chief marketing officer now directly owns 61,115 shares in the company, valued at $13,765,542.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.91% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on BURL shares. StockNews.com raised shares of Burlington Stores from a “hold” rating to a “buy” rating in a research note on Saturday, March 9th. Telsey Advisory Group reiterated an “outperform” rating and set a $250.00 price target (up previously from $225.00) on shares of Burlington Stores in a research report on Monday, March 4th. Piper Sandler upgraded shares of Burlington Stores from a “neutral” rating to an “overweight” rating and boosted their price target for the company from $155.00 to $240.00 in a research report on Wednesday, January 17th. Evercore ISI boosted their price target on shares of Burlington Stores from $220.00 to $235.00 and gave the company an “outperform” rating in a research report on Friday, February 23rd. Finally, UBS Group upgraded shares of Burlington Stores from a “sell” rating to a “neutral” rating and boosted their price target for the company from $126.00 to $212.00 in a research report on Thursday. Three analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $216.06.

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.