Bessemer Group Inc. reduced its holdings in Burlington Stores, Inc. (NYSE:BURL – Free Report) by 25.4% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 542,588 shares of the company’s stock after selling 184,888 shares during the period. Bessemer Group Inc. owned approximately 0.84% of Burlington Stores worth $85,397,000 as of its most recent SEC filing.
A number of other large investors also recently modified their holdings of the business. Spire Wealth Management bought a new position in Burlington Stores during the first quarter worth $27,000. Salem Investment Counselors Inc. grew its position in Burlington Stores by 58.2% in the 2nd quarter. Salem Investment Counselors Inc. now owns 193 shares of the company’s stock worth $26,000 after purchasing an additional 71 shares during the last quarter. Quarry LP bought a new position in shares of Burlington Stores during the 1st quarter worth about $39,000. KB Financial Partners LLC raised its position in shares of Burlington Stores by 68.8% during the first quarter. KB Financial Partners LLC now owns 238 shares of the company’s stock valued at $43,000 after buying an additional 97 shares during the last quarter. Finally, Achmea Investment Management B.V. bought a new stake in shares of Burlington Stores in the second quarter valued at about $40,000.
Wall Street Analysts Forecast Growth
Several equities analysts recently issued reports on BURL shares. StockNews.com lowered Burlington Stores from a “buy” rating to a “hold” rating in a research note on Tuesday, November 7th. TD Cowen lowered their price objective on Burlington Stores from $185.00 to $181.00 and set a “market perform” rating on the stock in a research report on Monday, August 28th. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $225.00 target price on shares of Burlington Stores in a research report on Wednesday, November 15th. Evercore ISI assumed coverage on shares of Burlington Stores in a report on Tuesday, November 7th. They issued an “outperform” rating and a $150.00 price target on the stock. Finally, Citigroup reduced their price objective on shares of Burlington Stores from $220.00 to $215.00 and set a “buy” rating for the company in a report on Wednesday, November 8th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and fourteen have issued a buy rating to the stock. According to MarketBeat, Burlington Stores has a consensus rating of “Moderate Buy” and a consensus price target of $208.45.
Burlington Stores Stock Up 0.6 %
Shares of NYSE:BURL opened at $136.75 on Tuesday. The company has a 50 day moving average price of $129.66 and a two-hundred day moving average price of $151.28. The company has a market capitalization of $8.87 billion, a PE ratio of 33.68, a PEG ratio of 0.82 and a beta of 1.23. Burlington Stores, Inc. has a 52 week low of $115.66 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 issued its quarterly earnings data on Thursday, August 24th. The company reported $0.60 EPS for the quarter, topping the consensus estimate of $0.43 by $0.17. Burlington Stores had a return on equity of 41.25% and a net margin of 2.92%. The business had revenue of $2.17 billion for the quarter, compared to the consensus estimate of $2.17 billion. During the same quarter last year, the business posted $0.35 EPS. The firm’s revenue was up 9.4% compared to the same quarter last year. Analysts forecast that Burlington Stores, Inc. will post 5.66 earnings per share for the current year.
Burlington Stores Company 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.
- Five stocks we like better than Burlington Stores
- Stock Dividend Cuts Happen Are You Ready?
- The only two airline stocks worth buying: One is a Goldman pick
- How to Use High Beta Stocks to Maximize Your Investing Profits
- Ride the momentum: Apparel stocks soaring at 52-week highs
- What is a Low P/E Ratio and What Does it Tell Investors?
- Safeguard your portfolio with these three bargain stocks
Receive News & Ratings for Burlington Stores Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Burlington Stores and related companies with MarketBeat.com's FREE daily email newsletter.