DNB Asset Management AS increased its stake in shares of Burlington Stores, Inc. (NYSE:BURL – Get Rating) by 7.5% during the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 10,804 shares of the company’s stock after buying an additional 758 shares during the quarter. DNB Asset Management AS’s holdings in Burlington Stores were worth $1,968,000 at the end of the most recent reporting period.
Other institutional investors also recently made changes to their positions in the company. Quent Capital LLC purchased a new position in Burlington Stores during the fourth quarter worth approximately $33,000. Emerald Advisers LLC acquired a new stake in Burlington Stores during the fourth quarter worth $34,000. Dark Forest Capital Management LP acquired a new stake in Burlington Stores during the third quarter worth $39,000. CWM LLC acquired a new stake in Burlington Stores during the fourth quarter worth $50,000. Finally, National Bank of Canada FI acquired a new stake in Burlington Stores during the fourth quarter worth $60,000.
Shares of NYSE BURL opened at $159.98 on Friday. The company has a market capitalization of $10.57 billion, a price-to-earnings ratio of 42.78, a price-to-earnings-growth ratio of 2.64 and a beta of 0.78. The company has a debt-to-equity ratio of 2.06, a current ratio of 1.26 and a quick ratio of 0.53. The business has a 50-day moving average of $179.76 and a two-hundred day moving average of $212.06. Burlington Stores, Inc. has a 1 year low of $142.41 and a 1 year high of $357.34.
Burlington Stores (NYSE:BURL – Get Rating) last announced its quarterly earnings results on Thursday, May 26th. The company reported $0.54 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.64 by ($0.10). Burlington Stores had a return on equity of 60.41% and a net margin of 2.80%. The business had revenue of $1.93 billion for the quarter, compared to analysts’ expectations of $2.02 billion. During the same period last year, the firm earned $2.59 earnings per share. The firm’s quarterly revenue was down 12.0% on a year-over-year basis. As a group, equities research analysts expect that Burlington Stores, Inc. will post 6.6 earnings per share for the current year.
BURL has been the subject of several recent analyst reports. Robert W. Baird cut their target price on Burlington Stores from $275.00 to $205.00 and set an “outperform” rating for the company in a research note on Friday, May 27th. Deutsche Bank Aktiengesellschaft dropped their price objective on Burlington Stores from $223.00 to $191.00 in a research note on Friday, May 27th. UBS Group dropped their price objective on Burlington Stores from $218.00 to $209.00 and set a “na” rating for the company in a research note on Tuesday, May 17th. OTR Global cut Burlington Stores to a “positive” rating in a research note on Wednesday, May 4th. Finally, Truist Financial lowered their target price on Burlington Stores from $303.00 to $238.00 and set a “buy” rating for the company in a research note on Friday, March 4th. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and fifteen have issued a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $245.74.
Burlington Stores Profile (Get Rating)
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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