1,267 Shares in Burlington Stores, Inc. (NYSE:BURL) Acquired by Cadent Capital Advisors LLC

Cadent Capital Advisors LLC bought a new stake in shares of Burlington Stores, Inc. (NYSE:BURLFree Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 1,267 shares of the company’s stock, valued at approximately $246,000.

Several other large investors have also recently made changes to their positions in BURL. Natixis bought a new position in Burlington Stores in the second quarter worth about $27,000. Salem Investment Counselors Inc. grew its holdings in Burlington Stores by 58.2% in the second 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 acquired a new position in shares of Burlington Stores during the first quarter worth $39,000. KB Financial Partners LLC lifted its holdings in shares of Burlington Stores by 68.8% during the 1st quarter. KB Financial Partners LLC now owns 238 shares of the company’s stock valued at $43,000 after purchasing an additional 97 shares during the last quarter. Finally, Homestead Advisers Corp acquired a new stake in shares of Burlington Stores in the 3rd quarter worth $53,000.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the company. StockNews.com upgraded Burlington Stores from a “hold” rating to a “buy” rating in a research note on Saturday, March 9th. Evercore ISI upped their price target on shares of Burlington Stores from $220.00 to $235.00 and gave the company an “outperform” rating in a research note on Friday, February 23rd. Telsey Advisory Group reiterated an “outperform” rating and set a $250.00 price objective (up from $225.00) on shares of Burlington Stores in a research note on Monday, March 4th. Finally, 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 report on Wednesday, January 17th. One analyst has rated the stock with a sell rating, two have issued a hold rating and ten have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $210.69.

Read Our Latest Research Report on Burlington Stores

Burlington Stores Stock Down 1.2 %

Burlington Stores stock opened at $224.85 on Wednesday. The business’s 50-day moving average price is $205.02 and its 200 day moving average price is $172.20. 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 firm has a market cap of $14.37 billion, a price-to-earnings ratio of 42.83, a price-to-earnings-growth ratio of 1.33 and a beta of 1.48. Burlington Stores, Inc. has a 52 week low of $115.66 and a 52 week high of $231.57.

Burlington Stores (NYSE:BURLGet Free Report) last issued 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. Burlington Stores had a net margin of 3.49% and a return on equity of 45.28%. The business had revenue of $3.13 billion for the quarter, compared to analysts’ expectations of $3.07 billion. During the same quarter last year, the company earned $2.96 EPS. The business’s revenue was up 13.9% on a year-over-year basis. As a group, sell-side analysts anticipate that Burlington Stores, Inc. will post 7.41 earnings per share for the current year.

Insiders Place Their Bets

In related news, CMO Jennifer Vecchio sold 5,025 shares of Burlington Stores stock in a transaction dated Wednesday, March 20th. The stock was sold at an average price of $225.24, for a total value of $1,131,831.00. Following the completion of the transaction, the chief marketing officer now owns 61,115 shares in the company, valued at approximately $13,765,542.60. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 0.71% of the company’s stock.

Burlington Stores Profile

(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.

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

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