Natixis Advisors L.P. lowered its holdings in Burlington Stores, Inc. (NYSE:BURL) by 8.8% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 25,466 shares of the company’s stock after selling 2,446 shares during the period. Natixis Advisors L.P.’s holdings in Burlington Stores were worth $7,609,000 at the end of the most recent reporting period.
Several other large investors have also added to or reduced their stakes in the business. Whittier Trust Co. raised its holdings in shares of Burlington Stores by 35.2% in the 1st quarter. Whittier Trust Co. now owns 169 shares of the company’s stock valued at $50,000 after acquiring an additional 44 shares in the last quarter. Mackenzie Financial Corp raised its holdings in shares of Burlington Stores by 2.2% in the 4th quarter. Mackenzie Financial Corp now owns 2,132 shares of the company’s stock valued at $558,000 after acquiring an additional 46 shares in the last quarter. NEXT Financial Group Inc raised its holdings in shares of Burlington Stores by 5.2% in the 1st quarter. NEXT Financial Group Inc now owns 928 shares of the company’s stock valued at $277,000 after acquiring an additional 46 shares in the last quarter. YorkBridge Wealth Partners LLC raised its holdings in shares of Burlington Stores by 4.3% in the 4th quarter. YorkBridge Wealth Partners LLC now owns 1,289 shares of the company’s stock valued at $337,000 after acquiring an additional 53 shares in the last quarter. Finally, FDx Advisors Inc. raised its holdings in shares of Burlington Stores by 4.6% during the 4th quarter. FDx Advisors Inc. now owns 1,230 shares of the company’s stock valued at $322,000 after buying an additional 54 shares in the last quarter.
Shares of BURL stock opened at $325.04 on Thursday. The firm has a market cap of $21.63 billion, a P/E ratio of -125.01 and a beta of 0.75. Burlington Stores, Inc. has a fifty-two week low of $168.46 and a fifty-two week high of $339.28. The business’s 50 day moving average price is $321.21 and its 200-day moving average price is $270.59. The company has a debt-to-equity ratio of 7.57, a quick ratio of 1.02 and a current ratio of 1.51.
Burlington Stores (NYSE:BURL) last issued its quarterly earnings data on Wednesday, March 3rd. The company reported $2.44 earnings per share for the quarter, topping the Zacks’ consensus estimate of $2.12 by $0.32. The firm had revenue of $2.28 billion for the quarter, compared to analyst estimates of $2.07 billion. Burlington Stores had a negative return on equity of 33.07% and a negative net margin of 2.92%. The business’s quarterly revenue was up 3.5% compared to the same quarter last year. During the same period last year, the company earned $3.25 EPS. As a group, equities analysts predict that Burlington Stores, Inc. will post -2.84 EPS for the current year.
In related news, CMO Jennifer Vecchio sold 20,000 shares of Burlington Stores stock in a transaction that occurred on Wednesday, March 10th. The stock was sold at an average price of $305.57, for a total transaction of $6,111,400.00. 1.48% of the stock is currently owned by company insiders.
A number of equities analysts recently weighed in on BURL shares. William Blair reissued an “outperform” rating on shares of Burlington Stores in a report on Wednesday, March 24th. Citigroup reissued a “neutral” rating and set a $258.00 price objective (up from $250.00) on shares of Burlington Stores in a report on Wednesday, January 27th. Deutsche Bank Aktiengesellschaft raised their price objective on Burlington Stores from $279.00 to $320.00 and gave the company a “buy” rating in a report on Thursday, March 11th. Loop Capital raised their price objective on Burlington Stores from $325.00 to $365.00 and gave the company a “buy” rating in a report on Wednesday, April 21st. Finally, BMO Capital Markets raised their price objective on Burlington Stores from $264.00 to $332.00 and gave the company an “outperform” rating in a report on Wednesday, March 17th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and twenty have assigned a buy rating to the company. The company has an average rating of “Buy” and an average price target of $290.35.
About Burlington Stores
Burlington Stores, Inc operates as a retailer of branded apparel products in the United States. The company offers 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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