Sonnipe Ltd trimmed its holdings in shares of Burlington Stores, Inc. (NYSE:BURL – Free Report) by 2.7% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 3,618 shares of the company’s stock after selling 101 shares during the period. Burlington Stores makes up approximately 0.1% of Sonnipe Ltd’s investment portfolio, making the stock its 14th largest holding. Sonnipe Ltd’s holdings in Burlington Stores were worth $731,000 as of its most recent filing with the SEC.
Other large investors also recently modified their holdings of the company. Salem Investment Counselors Inc. grew its holdings in Burlington Stores by 58.2% during the second quarter. Salem Investment Counselors Inc. now owns 193 shares of the company’s stock worth $26,000 after acquiring an additional 71 shares during the period. Spire Wealth Management acquired a new position in Burlington Stores during the first quarter worth about $27,000. Quarry LP acquired a new position in Burlington Stores during the first quarter worth about $39,000. Massmutual Trust Co. FSB ADV grew its holdings in Burlington Stores by 3,860.0% during the first quarter. Massmutual Trust Co. FSB ADV now owns 198 shares of the company’s stock worth $40,000 after acquiring an additional 193 shares during the period. Finally, KB Financial Partners LLC grew its holdings in Burlington Stores by 68.8% during the first quarter. KB Financial Partners LLC now owns 238 shares of the company’s stock worth $43,000 after acquiring an additional 97 shares during the period.
Wall Street Analyst Weigh In
A number of research analysts recently issued reports on the company. TD Cowen lowered their target price on Burlington Stores from $185.00 to $181.00 and set a “market perform” rating on the stock in a report on Monday, August 28th. Telsey Advisory Group restated an “outperform” rating and set a $225.00 price objective on shares of Burlington Stores in a report on Friday, August 25th. Sanford C. Bernstein cut their price objective on Burlington Stores from $200.00 to $190.00 and set an “outperform” rating on the stock in a report on Sunday, August 27th. Barclays cut their price objective on Burlington Stores from $213.00 to $211.00 and set an “overweight” rating on the stock in a report on Friday, August 25th. Finally, Bank of America cut their price objective on Burlington Stores from $250.00 to $240.00 in a report on Friday, May 26th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and fourteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Burlington Stores currently has an average rating of “Moderate Buy” and a consensus target price of $213.79.
Burlington Stores Stock Down 0.3 %
Shares of NYSE BURL traded down $0.48 during trading hours on Tuesday, hitting $153.71. The stock had a trading volume of 486,880 shares, compared to its average volume of 1,116,211. The company has a market capitalization of $9.97 billion, a P/E ratio of 37.95, a P/E/G ratio of 0.83 and a beta of 1.11. The firm’s 50-day moving average price is $166.01 and its two-hundred day moving average price is $176.43. Burlington Stores, Inc. has a 52 week low of $106.47 and a 52 week high of $239.94. The company has a debt-to-equity ratio of 1.63, a quick ratio of 0.46 and a current ratio of 1.17.
Burlington Stores (NYSE:BURL – Get Free Report) last announced its quarterly earnings results on Thursday, August 24th. The company reported $0.60 EPS for the quarter, beating the consensus estimate of $0.43 by $0.17. The business had revenue of $2.17 billion during the quarter, compared to analysts’ expectations of $2.17 billion. Burlington Stores had a return on equity of 41.25% and a net margin of 2.92%. The firm’s quarterly revenue was up 9.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.35 EPS. Analysts anticipate that Burlington Stores, Inc. will post 5.74 EPS for the current fiscal year.
Burlington Stores Profile
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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