DNB Asset Management AS Lowers Stock Position in Burlington Stores, Inc. (NYSE:BURL)

DNB Asset Management AS lessened its holdings in Burlington Stores, Inc. (NYSE:BURLFree Report) by 1.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 11,506 shares of the company’s stock after selling 205 shares during the quarter. DNB Asset Management AS’s holdings in Burlington Stores were worth $2,238,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in the business. T. Rowe Price Investment Management Inc. boosted its stake in shares of Burlington Stores by 6.5% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 6,854,793 shares of the company’s stock worth $1,389,878,000 after acquiring an additional 415,655 shares in the last quarter. Capital International Investors boosted its stake in shares of Burlington Stores by 16.6% during the 2nd quarter. Capital International Investors now owns 6,599,768 shares of the company’s stock worth $1,038,683,000 after acquiring an additional 940,463 shares in the last quarter. Vanguard Group Inc. boosted its stake in shares of Burlington Stores by 0.6% during the 1st quarter. Vanguard Group Inc. now owns 5,884,904 shares of the company’s stock worth $1,072,053,000 after acquiring an additional 33,036 shares in the last quarter. Renaissance Technologies LLC boosted its stake in shares of Burlington Stores by 91.9% during the 2nd quarter. Renaissance Technologies LLC now owns 1,012,900 shares of the company’s stock worth $159,420,000 after acquiring an additional 485,200 shares in the last quarter. Finally, Wellington Management Group LLP boosted its stake in shares of Burlington Stores by 1.9% during the 1st quarter. Wellington Management Group LLP now owns 999,412 shares of the company’s stock worth $182,064,000 after acquiring an additional 18,372 shares in the last quarter.

Analyst Ratings Changes

Several brokerages have recently commented on BURL. Morgan Stanley boosted their price target on Burlington Stores from $167.00 to $182.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 22nd. Piper Sandler raised Burlington Stores from a “neutral” rating to an “overweight” rating and upped their target price for the company from $155.00 to $240.00 in a research note on Wednesday, January 17th. StockNews.com raised Burlington Stores from a “hold” rating to a “buy” rating in a research note on Saturday, March 9th. UBS Group upped their target price on Burlington Stores from $120.00 to $126.00 and gave the company a “sell” rating in a research note on Monday, November 27th. Finally, Evercore ISI upped their target price on Burlington Stores from $220.00 to $235.00 and gave the company an “outperform” rating in a research note on Friday, February 23rd. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and ten have issued a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $210.69.

Read Our Latest Analysis on Burlington Stores

Burlington Stores Trading Up 2.2 %

Shares of NYSE:BURL opened at $224.55 on Wednesday. The stock has a market capitalization of $14.49 billion, a price-to-earnings ratio of 42.77, a PEG ratio of 1.27 and a beta of 1.48. Burlington Stores, Inc. has a 1-year low of $115.66 and a 1-year high of $227.49. The company has a debt-to-equity ratio of 1.40, a quick ratio of 0.61 and a current ratio of 1.15. The company has a 50 day moving average price of $201.70 and a 200 day moving average price of $169.81.

Burlington Stores (NYSE:BURLGet Free Report) last posted its quarterly earnings data on Thursday, March 7th. The company reported $3.30 EPS for the quarter, topping analysts’ consensus estimates of $3.28 by $0.02. The firm had revenue of $3.13 billion during the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same quarter last year, the business posted $2.96 EPS. On average, research analysts anticipate that Burlington Stores, Inc. will post 7.4 EPS for the current fiscal year.

About Burlington Stores

(Free Report)

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.

See Also

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

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