Covea Finance grew its stake in Burlington Stores, Inc. (NYSE:BURL – Free Report) by 103.6% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 11,200 shares of the company’s stock after acquiring an additional 5,700 shares during the quarter. Covea Finance’s holdings in Burlington Stores were worth $1,763,000 at the end of the most recent quarter.
A number of other large investors have also made changes to their positions in the stock. Price T Rowe Associates Inc. MD raised its position in shares of Burlington Stores by 22.2% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 10,112,107 shares of the company’s stock valued at $2,050,331,000 after buying an additional 1,840,276 shares during the last quarter. Norges Bank purchased a new position in Burlington Stores during the fourth quarter worth about $115,609,000. Renaissance Technologies LLC acquired a new stake in Burlington Stores in the 1st quarter worth about $106,648,000. Two Sigma Investments LP purchased a new position in shares of Burlington Stores during the 1st quarter worth about $92,775,000. Finally, M&T Bank Corp grew its holdings in Burlington Stores by 4,975.3% in the fourth quarter. M&T Bank Corp now owns 462,360 shares of the company’s stock valued at $2,066,000 after purchasing an additional 453,250 shares during the period.
Burlington Stores Stock Performance
Shares of NYSE BURL traded down $2.63 during midday trading on Friday, hitting $148.05. 79,583 shares of the company’s stock were exchanged, compared to its average volume of 1,114,547. Burlington Stores, Inc. has a twelve month low of $106.47 and a twelve month high of $239.94. The firm has a market cap of $9.60 billion, a P/E ratio of 37.11, a PEG ratio of 0.79 and a beta of 1.11. The stock’s 50 day moving average price is $165.48 and its 200-day moving average price is $175.56. The company has a debt-to-equity ratio of 1.63, a current ratio of 1.17 and a quick ratio of 0.46.
Burlington Stores (NYSE:BURL – Get Free Report) last announced its quarterly earnings results on Thursday, August 24th. The company reported $0.60 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.43 by $0.17. The company had revenue of $2.17 billion during the quarter, compared to analyst estimates of $2.17 billion. Burlington Stores had a return on equity of 41.25% and a net margin of 2.92%. The firm’s quarterly revenue was up 9.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.35 EPS. Equities research analysts anticipate that Burlington Stores, Inc. will post 5.74 EPS for the current year.
Analyst Upgrades and Downgrades
BURL has been the subject of several analyst reports. StockNews.com downgraded shares of Burlington Stores from a “buy” rating to a “hold” rating in a research note on Saturday, September 2nd. TD Cowen dropped their price objective on Burlington Stores from $185.00 to $181.00 and set a “market perform” rating on the stock in a report on Monday, August 28th. Citigroup dropped their price target on shares of Burlington Stores from $234.00 to $220.00 and set a “buy” rating for the company in a research note on Friday, August 25th. Robert W. Baird decreased their price objective on shares of Burlington Stores from $270.00 to $250.00 in a report on Friday, May 26th. Finally, Loop Capital upped their target price on shares of Burlington Stores from $220.00 to $225.00 in a research note on Friday, May 26th. One research analyst has rated the stock with a sell rating, three have given a hold rating and fourteen have given a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $213.79.
Check Out Our Latest Research Report on BURL
About Burlington Stores
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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