Robeco Institutional Asset Management B.V. Has $194,000 Stock Holdings in Burlington Stores, Inc. (NYSE:BURL)
Robeco Institutional Asset Management B.V. reduced its holdings in Burlington Stores, Inc. (NYSE:BURL – Get Rating) by 62.8% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,729 shares of the company’s stock after selling 2,924 shares during the period. Robeco Institutional Asset Management B.V.’s holdings in Burlington Stores were worth $194,000 as of its most recent SEC filing.
Other large investors also recently modified their holdings of the company. Bank of Montreal Can raised its position in shares of Burlington Stores by 5.8% during the first quarter. Bank of Montreal Can now owns 6,412 shares of the company’s stock valued at $1,222,000 after buying an additional 349 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund bought a new stake in shares of Burlington Stores in the 1st quarter worth approximately $246,000. MetLife Investment Management LLC acquired a new stake in shares of Burlington Stores during the 1st quarter worth approximately $751,000. Yousif Capital Management LLC increased its position in shares of Burlington Stores by 8.5% during the first quarter. Yousif Capital Management LLC now owns 1,538 shares of the company’s stock valued at $280,000 after purchasing an additional 120 shares during the period. Finally, Raymond James Trust N.A. raised its stake in shares of Burlington Stores by 14.9% in the first quarter. Raymond James Trust N.A. now owns 1,471 shares of the company’s stock valued at $268,000 after purchasing an additional 191 shares in the last quarter.
Burlington Stores Price Performance
BURL opened at $225.25 on Friday. The company has a debt-to-equity ratio of 2.29, a current ratio of 1.12 and a quick ratio of 0.35. The stock has a market capitalization of $14.77 billion, a P/E ratio of 90.83 and a beta of 1.03. The company’s 50 day simple moving average is $190.08 and its 200-day simple moving average is $157.49. Burlington Stores, Inc. has a one year low of $106.47 and a one year high of $243.94.
Burlington Stores (NYSE:BURL – Get Rating) last announced its quarterly earnings data on Tuesday, November 22nd. The company reported $0.43 EPS for the quarter, missing analysts’ consensus estimates of $0.52 by ($0.09). The firm had revenue of $2.04 billion during the quarter, compared to the consensus estimate of $2.05 billion. Burlington Stores had a net margin of 1.94% and a return on equity of 37.58%. During the same quarter in the previous year, the business posted $1.36 earnings per share. Sell-side analysts anticipate that Burlington Stores, Inc. will post 4 earnings per share for the current fiscal year.
Insider Activity at Burlington Stores
In other Burlington Stores news, CAO Jeffrey Laub sold 2,917 shares of the company’s stock in a transaction dated Monday, November 28th. The shares were sold at an average price of $195.63, for a total transaction of $570,652.71. Following the transaction, the chief accounting officer now directly owns 3,165 shares in the company, valued at approximately $619,168.95. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.52% of the stock is owned by company insiders.
Analyst Ratings Changes
A number of research firms have weighed in on BURL. Citigroup lifted their price target on shares of Burlington Stores from $180.00 to $219.00 and gave the stock a “buy” rating in a research note on Wednesday, November 23rd. UBS Group increased their price target on shares of Burlington Stores to $186.00 in a research report on Monday, November 28th. Wells Fargo & Company lifted their price objective on Burlington Stores from $200.00 to $225.00 in a report on Wednesday, November 23rd. Cowen increased their target price on Burlington Stores to $177.00 in a report on Thursday, November 24th. Finally, Morgan Stanley boosted their price target on Burlington Stores from $175.00 to $219.00 and gave the company an “overweight” rating in a research note on Wednesday, November 23rd. Four analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Burlington Stores has an average rating of “Moderate Buy” and a consensus target price of $220.79.
About Burlington Stores
Burlington Stores, Inc operates as a retailer of branded apparel products in the United States. The company’s stores offer fashion-focused merchandise, including women’s ready-to-wear apparel, menswear, youth apparel, baby, beauty, footwear, accessories, home, toys, gifts, and coats. As of October 29, 2022, it operated 893 stores in 46 states and Puerto Rico principally under the Burlington Stores name.
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