Allianz Asset Management GmbH Lowers Position in Burlington Stores, Inc. (NYSE:BURL)

Allianz Asset Management GmbH cut its stake in shares of Burlington Stores, Inc. (NYSE:BURLFree Report) by 15.1% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 18,715 shares of the company’s stock after selling 3,340 shares during the period. Allianz Asset Management GmbH’s holdings in Burlington Stores were worth $3,640,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the stock. Norges Bank purchased a new position in shares of Burlington Stores in the fourth quarter valued at about $145,471,000. Cooper Creek Partners Management LLC lifted its position in shares of Burlington Stores by 716.8% in the third quarter. Cooper Creek Partners Management LLC now owns 610,821 shares of the company’s stock valued at $82,644,000 after acquiring an additional 536,038 shares in the last quarter. Rokos Capital Management LLP lifted its position in shares of Burlington Stores by 560.3% in the third quarter. Rokos Capital Management LLP now owns 424,069 shares of the company’s stock valued at $57,773,000 after acquiring an additional 359,842 shares in the last quarter. Wellington Management Group LLP lifted its position in shares of Burlington Stores by 44.0% in the third quarter. Wellington Management Group LLP now owns 785,780 shares of the company’s stock valued at $106,316,000 after acquiring an additional 239,955 shares in the last quarter. Finally, Artemis Investment Management LLP lifted its position in shares of Burlington Stores by 96.7% in the fourth quarter. Artemis Investment Management LLP now owns 478,838 shares of the company’s stock valued at $93,124,000 after acquiring an additional 235,343 shares in the last quarter.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on BURL shares. Bank of America boosted their price objective on Burlington Stores from $250.00 to $275.00 and gave the company a “buy” rating in a research report on Friday, May 31st. Robert W. Baird boosted their price objective on Burlington Stores from $260.00 to $275.00 and gave the stock an “outperform” rating in a research note on Friday, May 31st. StockNews.com raised Burlington Stores from a “hold” rating to a “buy” rating in a research note on Saturday, March 9th. Citigroup upped their target price on Burlington Stores from $258.00 to $276.00 and gave the company a “buy” rating in a research note on Friday, May 31st. Finally, Morgan Stanley cut their target price on Burlington Stores from $233.00 to $218.00 and set an “overweight” rating on the stock in a research note on Monday, May 6th. Three investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $246.87.

Read Our Latest Stock Analysis on Burlington Stores

Burlington Stores Stock Down 0.6 %

Burlington Stores stock opened at $234.12 on Friday. The business has a fifty day moving average of $197.39 and a two-hundred day moving average of $196.17. The company has a quick ratio of 0.52, a current ratio of 1.07 and a debt-to-equity ratio of 1.20. The firm has a market cap of $14.94 billion, a P/E ratio of 39.22, a P/E/G ratio of 1.22 and a beta of 1.61. Burlington Stores, Inc. has a twelve month low of $115.66 and a twelve month high of $243.64.

Burlington Stores (NYSE:BURLGet Free Report) last posted its earnings results on Thursday, May 30th. The company reported $1.42 earnings per share for the quarter, topping analysts’ consensus estimates of $1.04 by $0.38. The company had revenue of $2.36 billion during the quarter, compared to analyst estimates of $2.34 billion. Burlington Stores had a return on equity of 46.39% and a net margin of 3.87%. Burlington Stores’s revenue was up 10.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.84 earnings per share. On average, analysts forecast that Burlington Stores, Inc. will post 7.61 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Burlington Stores news, CMO Jennifer Vecchio sold 5,025 shares of the company’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 completion of the sale, the chief marketing officer now owns 61,115 shares in the company, valued at $13,765,542.60. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 0.91% of the stock is owned by company insiders.

Burlington Stores Company Profile

(Free Report)

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.

Further Reading

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

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